Redpoint Ventures has hired Annie Kadavy as its first female general partner. She’ll be on the early stage investment team.
Kadavy has a background in venture capital, having spent several years at CRV. Most recently, she ran strategic operations at Uber’s freight division. She also has an M.B.A. from Stanford University Graduate School of Business.
In a conversation with TechCrunch, Kadavy said she “wanted to focus on consumer but have the ability to do a broader set of investing.” Kadavy also “wanted to join an early stage fund that had a growth fund attached to it, so you can learn from both.”
But she’ll be most focused on seed, Series A and Series B rounds. Kadavy plans to look for opportunities in the Bay Area, LA, Seattle and NYC.
In her blog post, she elaborated on her decision to join Redpoint.
“For me, joining a flat and equal partnership was important. While this may be opaque to many, let me tell you, it matters. It is the economic manifestation of how investment decisions are made, how a venture team will work collectively for you (or not), and how that team will evolve over time. This is rare and it exists at Redpoint.”
When Kadavy was at CRV, she sourced or led deals in ClassPass, Patreon, Doordash and she was on the board at Laurel and Wolf. She’s still looking to invest in companies in similar categories.
Kadavy is part of a wave of venture firms finally hiring female partners, in an industry where only 8% are women. Rebecca Kaden recently joined Union Square Ventures, Jess Lee joined Sequoia Capital, and Naomi Pilosof joined Menlo Ventures, to name a few.
There’s also AllRaise, a newly formed organization comprised of the top female venture capitalists. The group is committed to helping the best women find jobs in the industry.
Redpoint has been around since 1999 and has raised $4.1 billion across its funds, according to Crunchbase.
from TechCrunch