This health tech start-up refused to take money from VC firms unless they had a female partner [CNBC]
Castlight Health, Inc. Class B (CSLT)
Last castlight health, inc. class b earnings: 2/25 04:20 pm
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Source: CNBC
When some well-regarded health-tech entrepreneurs decided to start a venture dubbed Ooda Health, they had their pick of venture capital firms. So they made an unusual step of narrowing it down to investors at firms with strong female leadership. That's a small group, since only about 8 percent of partners at venture firms are women. And many of them do not have a background in health and technology. After a months-long process, co-founders Seth Cohen, Giovanni Colella and Annie Lamont, an investor who also led Ooda's $2 million seed round, opted for Emily Melton, a health investor from the venture firm DFJ , to lead the first institutional round. Among other qualifications, Melton is involved in an initiative called All Raise, which aims to increase the number of women in the senior ranks of venture capital. Melton told CNBC she heard about the venture through the grapevine and was impressed with the team. So she reached out to Collela, a doctor whom Melton
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