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Aspect Ventures, an early-stage, five-year-old, San Francisco-based venture firm founded five years ago very notably by two veteran VCs who happen to be women, is splitting up. Cofounders Jennifer Fonstad, formerly of DFJ, and Theresia Gouw, formerly of Accel, are launching separate firms, a source confirms.
The WSJ reported the news earlier today.
Fonstad - Outlet - Split - Leadership - Styles
Fonstad tells the outlet that the split owes to “different leadership styles and different ways of operating at the portfolio level.”
Going forward, she plans to operate under the brand Owl Capital and to invest in growth deals, including in enterprise software, which has been a major focus area for Aspect, though it has occasionally backed consumer startups, including newly public TheRealReal and a direct-to-consumer jewelry brand called Baublebar.
Gouw - Weeks - TechCrunch - Disrupt - Event
Gouw, who is appearing in several weeks at our TechCrunch Disrupt event to talk about industry trends, declined to comment. But some members of Aspect’s team are joining her at new firm, aCrew, including Lauen Kolodny, who joined Aspect five years ago and was promoted from principal to partner in 2017; and Vishal Lugani, who joined Aspect as a principal in 2016 after spending 3.5 years as...
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