Sheryl Sandberg a supply of inspiration for f7 Ventures’ common companions as they deploy first fund

Maybe it’s the top of an period now that Sheryl Sandberg introduced she’s going to depart Meta. Nonetheless, to Kelly Graziadei and Joanna Lee Shevelenko, common companions at f7 Ventures, an early-stage enterprise agency, they’re carrying ahead of their latest endeavor the affect Sandberg had on them throughout their time at Fb.

All of f7 Ventures’ preliminary seven founders are long-time operators who met one another at Fb and commenced the agency over three years in the past.

“Within the early days, there weren’t that many feminine leaders at Fb,” Graziadei stated. “And so fast-forward years later, we got here collectively.”

They desired to take their years of working expertise and roll up their sleeves to supply that value-add to early-stage founders, significantly girls and different underrepresented people, so that they might assist them construct a basis to develop and scale and “in the end change into the subsequent technology or the subsequent group of generation-defining firms,” Graziadei added.

Sandberg and her enterprise accomplice, Tom Bernthal, are among the many listing of restricted companions backing f7 Ventures’ latest $50 million fund. The listing additionally contains Paris Hilton, Andrew Bosworth, Justin Kan, SoftBank, J.P. Morgan, Perception Companions, Anthemis Group, Espresso Capital and Verdis Funding Administration.

“We’re so grateful for Sheryl’s ongoing help,” Graziadei informed TechCrunch. “I felt Sheryl’s affect and management philosophy and advocacy for feminine leaders from my earliest days at Fb.”

She not solely had the chance to work with Sandberg after becoming a member of the corporate 12 years in the past, however remembers additionally working with individuals who additionally labored with Sandberg at each Google and Fb and who carried on her advocacy for ladies having a seat on the desk.

Over a yr in the past, Lee Shevelenko and Graziadei determined to take the pure subsequent step of elevating an institutional fund to proceed investing in pre-seed and seed firms. In Might, they closed the $50 million fund.

The agency invests primarily in founders creating expertise for the longer term of labor, psychological and bodily well being and linked communities. Up to now, the buyers have infused funding into 20 investments from this fund, and 39 whole since they began f7 Ventures.

Lee Shevelenko and Graziadei intend to speculate in about 45 firms from their first fund with common test sizes between $500,000 and $750,000, with some flexibility to go as much as $1 million.

In the meantime, Lee Shevelenko, who joined Fb previous to Sandberg, stated she additionally noticed the affect Sandberg made, which included construction and “group rigor,” and the dedication from others who adopted Sandberg to Fb.

Lee Shevelenko additionally recalled that Sandberg spoke lots about girls falling sufferer to the “tiara syndrome,” placing their heads down, working arduous and ready for individuals to note and faucet them for the subsequent alternative.

“We shouldn’t wait to be tapped or anointed,” Lee Shevelenko added. “Sheryl stated now we have to go after the alternatives and drive the change we wish to see. Much like Kelly, it was an enormous push for me to take the leap into enterprise from leaving our full-time roles as operators.”

Graziadei felt that Sandberg’s affect helped her increase her view of what she thought was comfy for herself professionally. At the identical time, Graziadei was inspired to assume “larger and bolder” and to push for, and go after, what she needed.

“That in the end fueled my want personally to take a leap to begin a VC agency and assist different girls and underrepresented people,” she added. “With out that affect who is aware of if that is the spot we can be in?”

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