This Investor started one of the largest Microbreweries in the U.S. || Ft. Sara Brand
Manage episode 395925910 series 3432832
"๐ ๐ซ๐๐๐ฅ๐ข๐ณ๐๐ ๐ญ๐ก๐๐ญ ๐ ๐ฐ๐๐ฌ ๐ญ๐ก๐ ๐จ๐ง๐ฅ๐ฒ ๐๐๐ฆ๐๐ฅ๐ ๐๐ข๐๐ ๐๐ซ๐๐ฌ๐ข๐๐๐ง๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐ฒ ๐ญ๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐จ๐ซ ๐จ๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐๐๐๐ค๐ ๐ซ๐จ๐ฎ๐ง๐ ๐ข๐ง ๐ ๐ฏ๐๐ซ๐ฒ ๐ญ๐๐๐ก๐ง๐ข๐๐๐ฅ ๐จ๐ซ๐ ๐๐ง๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐ฐ๐ข๐ญ๐ก ๐๐,๐๐๐ ๐๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐๐๐ฌ ๐๐ง๐ ๐จ๐ง๐ฅ๐ฒ ๐๐ ๐จ๐ญ๐ก๐๐ซ ๐ฐ๐จ๐ฆ๐๐ง ๐๐๐ฌ".
Meet Sara Brand, Ph.D., Founding General Partner of True Wealth Ventures, an early-stage VC fund investing in women-led businesses in consumer, health & sustainability
In this interview episode of โWiping Out the Normโ, Sara shares her inspiring journey from mechanical engineering to venture capital and co-founding (512) Brewing, the largest self-distributing microbrewery in the US. She said,
"I have worked in a career dominated by men, from studying mechanical engineering to working in management consulting and later in a venture capital fund."
She revealed that women make 85% of all consumer purchase decisions and 80% of all healthcare decisions but only 2-3% of investment decision-making VCs are women, and a mere 1.9% of VC funding goes to women-led startups
โ๐๐ก๐๐ง ๐ ๐ฐ๐๐ฌ ๐ฐ๐จ๐ซ๐ค๐ข๐ง๐ ๐ข๐ง ๐๐๐ง๐ญ๐ฎ๐ซ๐ ๐๐๐ฉ๐ข๐ญ๐๐ฅ ๐๐ฎ๐ง๐, ๐ ๐๐จ๐ฎ๐ฅ๐๐งโ๐ญ ๐๐ข๐ง๐ ๐๐ง๐ฒ ๐จ๐ญ๐ก๐๐ซ ๐๐๐ฆ๐๐ฅ๐ ๐๐โ, with this statement, Sara highlights the scarcity of women in VC and the gender funding gap.
Despite being one of about a dozen female VPs in a 15,000-employee organization, Sara took on the role of Executive Sponsor for the Global Womenโs Forum, determined to influence change. Adding further she said, โ๐๐ญ ๐ฐ๐๐ฌ ๐๐ข๐ฌ๐ญ๐ฎ๐ซ๐๐ข๐ง๐ ๐ญ๐จ ๐ฆ๐ ๐๐ญ ๐ ๐ฉ๐๐ซ๐ฌ๐จ๐ง๐๐ฅ ๐ฅ๐๐ฏ๐๐ฅ ๐ญ๐จ ๐ฌ๐๐ ๐ฌ๐จ ๐๐๐ฐ ๐ฐ๐จ๐ฆ๐๐ง ๐๐ญ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฅ๐๐ฏ๐๐ฅโ.
This stark reality prompted her to start her own fund to achieve greater gender balance and thatโs how True Wealth Ventures came into existence
Sara's groundbreaking VC fund for women secured more than $19 million in two years, and is now at $60M under management and reshaping the landscape for women entrepreneurs.
In our conversation, Sara highlights an incident where a female startup founder pitched a tampon that could help detect ovarian cancer. And a male investor asked, โCan we use this for men too?โ
Sara also served on the advisory board of mechanical engineering at UC Berkley and UT Austinโs College of Engineering, and emphasized on how to attract and retain more women in the department.
Inspired by Sara's work, the tide is turning in the VC world, with investors increasingly recognizing the incredible potential of women-led businesses.
Watch our full conversation with Sara as she shared with us many more incidents from her journey of overcoming challenges and turning rejections into a record-breaking achievement.
Link to the interview: https://lnkd.in/dJ26As5P
68 episod