Everything Cindy Padnos said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Padnos: VCs rate male founders higher in 13 of 16 success attributes
“The male and the female entrepreneurs responded to a long set of questions, almost identically. But when you ask the VCs, the question is a male or a female, what are the most important attributes first stack rank them? And then is a male or a female more like…”
Padnos: Female VCs hold identical gender biases to male VCs
“None of, and by the way, if you're wondering the male and the V and the female VCs answered almost identically. No. It wasn't just the men saying women face higher obstacles.”
Padnos: Appropriately Sized Seed Funds Have Higher Return Probability Than Growth Funds
“Is that the returns that you can achieve at seed stage investing are enormous and they are at a higher level of probability. It's at the simple, it's simple math. It's the law of numbers. It's no different than saying, can I get a, two X return on a house? I p…”
Padnos: Female founders benefit more from diverse cap tables than female-only funds
“I don't know that I feel like you need to raise your capital necessarily from a firm that invests only in women. I know for me, that's not what I was looking for. I think there can be value in that for sure, but just like I believe in the diversity of a startu…”
Padnos: A husband-and-wife startup is returning Illuminate's entire fund
“We have three companies in our portfolio right now. With husband and wife team co-founders. One of which right now returns the entirety of our fund to at its current valuation and the other two doing extremely well.”
Padnos predicts Contentstack will be Illuminate Ventures' next unicorn
“They'll be the next unicorn in our portfolio.”
Padnos: Illuminate's 45-person advisory council holds over 100 public board seats
“That group today is 45 people. Across them, they sit on over 100 public company boards. And they've sat on more than 250 private company boards.”
Padnos: Top founders get VC introductions by pre-writing forwardable email scripts
“They're really not only proactive about it, But they provide us with the tools that we need to make it easy for us to do. Meaning, they write the script and say, here's the email, just send to Sarah Fryer, who's now the CFO of OpenAI next week, who's been an a…”
Padnos: OpenAI CFO Sarah Friar has advised Illuminate for a decade
“Meaning, they write the script and say, here's the email, just send to Sarah Fryer, who's now the CFO of OpenAI next week, who's been an advisor to us for 10 years, and I just put my personalization on it and off it goes.”
Padnos: 90% of Illuminate's 36+ Portfolio Companies Have Diverse Teams
“And lo and behold, we've ended up across the years now with three dozen or more investments we've made. 90% of those have diverse teams. And nearly half of them have a woman as one of the co-founders, which we're obviously very proud of and very excited about.”
Padnos: Coupang was 2021's second-largest IPO and Illuminate's second IPO exit
“Our second IPO was coupon, which was the second largest IPO of the year in 20, 21.”
Padnos: Portfolio company Contentstack grew revenue 60-fold in six years
“That company is, has increased revenue, more than six fold in six years. And I should say, sorry, start over a 60 fold in six years.”
Padnos: Illuminate reopened Fund I to admit a top foundation anchor
“We actually reopened our fund to bring them in, so it was really the final close, and then, of course, they became the anchor for our next fund, and we had the good fortune to have a wonderful relationship with them now in our third fund as well”
Padnos: Most non-conflicted advisory council members are Illuminate LPs
“Most of them are also LPs in our funds, those that don't have a conflict.”