Moving faster as a founder; Venture reserves strategy for GPs; Charting your engineering career path
Where women in tech lead, shape and fund the future.
Hi, welcome to Femstree't’s life online this week! I’m Sarah and this is the 227th edition of Femstreet, a weekly newsletter featuring must-read content by female CEOs, operators, and investors. The most clicked post from last week’s curation was How to position ESOP to new employees. If you like the content in this newsletter, please like it above and share it with friends.
🎵 enjoy this week’s issue with our SS22 playlist
Chingona Ventures lands $52M to fund overlooked founders in massive markets, a huge step up from its $6M debut fund and a sign of confidence in Samara Hernandez. How startup employees should think about equity in a downturn. Naomi Osaka talks about mental health. A record number of women have been appointed to Fortune 500 boards. Apply for Metacurious, the web3 marketing accelerator. How 'non-promotable work' holds women back. 7 essential ingredients of a metaverse. Making the leap from the corporate world into web3.
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From builders and investors in our universe…
How to move faster as a startup founder
Speed and agility are critical parts of executing well. Yet many of those same founders are surprised to see their start-ups moving slowly — sometimes more slowly than companies 10x or 100x their size. Catherine Stewart of Basis Set Ventures on why many of these slow-moving founders are confusing activity with progress and how determine which activities are productive, and which are slowing you down…Read more.
How to chart your engineering career path
There are numerous forks in the road along an engineer’s career path. Do you want to stay an IC, diving deep into the codebase and shipping new features? Do you set your sights on management, climbing the ranks and eventually leading a large org? And finally, do you have an eye for entrepreneurship, with your own goals to become a founder? Amber Feng, ex Stripe and now founder of Cocoon guides other engineers up and down the org chart as they weigh their next career moves and shares the under-the-radar traits that set the most impactful engineers apart from the pack…Read more.
The future of search is boutique
In a world of infinite information, it’s no longer enough to organize the world’s information. It becomes important to organize the world’s trustworthy information. Sari Azout of Startupy on why we need to build boutique search engines that index, curate, and organize things in new ways, and help the overwhelmed consumer through curation…Read more.
Venture reserves are not always a good thing
Allocating for follow-on dollars, also known as reserves, is an important tool in the arsenal of every fund manager. Reserves, therefore, impact funds based on the returns they generate. While reserves can occasionally boost returns, they can, and more frequently do, bring down fund multiples. Laura Thompson of Sapphire Ventures on how a GP thinks about using reserves…Read more.
Buying beauty and NFTs
Certain traits are designed to be rarer than others, and these are usually designed to be visible markers of value: gold accessories, a special skin, or even just simply looking put-together. Elle on status symbols, money, lookism, and the parallels between NFTs and beauty, and how the digital and physical are probably going to get weirder…Read more.
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In case you missed it
A straight-talking deep dive into the equity terms that matter for founders
The future of media, community-driven knowledge networks, and the ownership economy
See you next Sunday! 👋
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Written by Sarah Nöckel, Investor at Northzone. Born in Germany. Based in London