Name: AOL Venture Fund
Uploaded: 2014-10-02
Duration: 2 min 56 s
Description: Why AOL launched a venture capital fund for women

So we're going to get into the various brands that Susan has helped build over the decades. But Susan's last job for the last year was- Twenty months, yep. How many, how many? Twenty months. Twenty months, twenty months was. Was running the biggest division, the content division of AOL. And so why did you decide to jump from that to this, and what happened? Did you go to Tim Armstrong a couple of months ago and say, Tim, the CEO of AOL. I wanna do something different? What I was planning to do before I came to AOL was to start a women's venture fund. Coming out of guilt. And the board knew that. And Tim knew that and so we began talking about whether. We could do it within AOL and, that led to my my being able to make this announcement two weeks ago. [ COUGH ] The actual trigger for this, though, was an experience you had with girls who code, isn't it? That's absolutely right. And so we did a partnership with an extraordinary organization called Girls Who Code. Girls Who Code was started by Reshma Saujani about two, three years ago to teach a million girls to code before 2020, and we can talk more about that too. But what we did was to bring five graduates of girls who code, who are 17 years old into AOL and we handed over [ UNKNOWN ] to them. And said you are the audience for this. We want you to re- think the editorial mission and we want you to build. New features, new tools. So that, that this is actually a site you're proud of. You wanna tell your friends about. And they did an extraordinary job. They built up, several new features. And, they built a contributor platform that will allow them and. All of their friends to contribute content now they they're back at school and next month we will relaunch Cambio as Cambio for girls, built by girls. And that experience and the success of it was, you're absolutely right, a. Huge trigger for for our deciding to launch what's called the BBG Fund, and that's built by girls.

AOL Venture Fund

Why AOL launched a venture capital fund for women