Venture capital is known to be a boys’ club–and while a few women have managed to join in, others are asking, “Why don’t we just start our own?”

The Helm is one such attempt. Launching to the public today, the idea behind the female-led firm is to create a “venture community” in lieu of a traditional fund. It’s not just a matter of taxonomy, says co-founder and CEO Lindsey Taylor Wood. By making VC investing a much more hands-on, inclusive, and social experience, she hopes to attract a broader range of investors (as in, not just white men in tech).

Wood hopes to bring in more women and first-time investors by lowering the barrier to entry. The Helm’s annual membership fee is $2,500 and the minimum investment is $50,000–minimums at most existing VC firms are at least double that. It will also provide community members with direct access to portfolio companies, social events, financial education as needed, and regular content about female entrepreneurship. Wood calls this “experience investing.”

Though the fund will only begin deploying capital in the first quarter of next year, it is already being backed by Airbnb co-founder Joe Gebbia, The Muse co-founder and CEO Kathryn Minshew, former PBS CEO …read more

Source:: Fortune.com – Tech

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