Why the Female Founders Fund isn’t betting big on AI

Founding partner Anu Duggal thinks there’s still opportunity in beauty and consumer goods. AI is a different story.

When the Female Founders Fund (FFF), a seed stage venture fund that invests exclusively in female-founded companies, was started in 2014, just 2% of venture capital dollars went towards women-led companies. That number hit a record high last year, with 22.8% of all VC money going to startups with at least one woman cofounder. We sat down with Anu Duggal, a founding partner...