LetsVenture's women investor network (WIN) has created a structured, cohort-based learning programme in order to encourage more women to participate in angel investing.
The Women Angel Network will allow female CXOs to invest in early and growth-stage companies. Through the portal, women angel investors would be able to provide advice to entrepreneurs. By 2021, LetsVenture hopes to recruit at least 100 female angel investors and launch at least five female-led investment syndicates.
The learning programme will include cohort-based learning, engagement with other angel investors, and open networking circles for women.
When founder Shanti Mohan looked at the platform's portfolio early this year, he discovered that it had investors from 55 countries, with women accounting for less than 1% of the total. There were approximately 25 female investors.
“The idea of our programme is to introduce more women to angel investing, & , all the way to legal and financial due diligence, and building their personal brand as an angel investor,” Mohan said.
Mohan hopes to attract 100 female angel investors, five syndicate leads, and two female general partners this year. WIN graduated its first cohort of 34 women in June, with 15 of them writing their first check and becoming active angel investors. A total of ten women signed at least two checks. Approximately 5% of women have showed an interest in writing checks for startups.
Shalini Nautiyal, a senior product manager at in Berlin, was among the first cohort. She founded a hyperlocal activity discovery platform in 2013, which she sold two years later.
“We got a lowdown on what is the total available market, serviceable available market, and serviceable obtainable market,” she said.
