To our returning readers, we’re so glad to have you with us again. And to our new subscribers, we’re thrilled you’re here!

Girls Into VC is the first global organization dedicated to empowering the next generation of women in venture capital.

In each issue, you’ll find updates from our community, stories of women breaking into VC, and curated opportunities to help you launch your career.

Did you know women account only for 9% of venture capitalists, 8% of firm partners, and 7% of board seat members. We are here to change that.

Join us in building a future where women are making bold moves in investing, driving innovation, and creating lasting impact. 🚀

Big news to kick off summer…

Girls Into VC just received official 501(c)(3) status! 🎉

This means donations are now tax-deductible. If you’d like to support our work, just reply to this email and we’ll coordinate with you.

Now onto the fun stuff...

☀️ GIVC Summer Update

We’re treating summer as a head start with a new team!

Girls Into VC is excited to welcome a new set of powerhouse women to our Executive Board—leaders from around the world ready to shift the balance of who gets to fund the future.

GIVC Summer 2025 Fellowship

Our 10-week Fellowship is officially underway. With 30 standout young women selected to join the cohort, diving into hands-on projects, expert-led sessions, and real-world exposure. Our program is dedicated to equipping young women with knowledge and skills in venture capital and the startup ecosystem.

💬 Hear a live update from our Director of Fellowship, Grace Jolas:

“The fellowship has been incredible so far! We’ve kicked things off by covering the basics of venture capital in class and welcomed two amazing guest speakers, Grace Kasten from Pace Capital and Sophia Zhao from Alumni Ventures. The girls have been doing such thoughtful work, really internalizing the speakers’ advice and the ABCs of VC, and are quickly beginning to shape their own investment theses rooted in their unique backgrounds and interests. I’ve been so impressed by everyone, and I can’t wait to see how they continue to grow throughout the rest of the course!”

We’re so excited to continue sharing their progress and growth throughout the summer!

In NYC for the summer? Stop by our picnic!

🔥 Hot Headlines

America’s First Woman Billionaire Venture Capitalist: Theresia Gouw

Theresia Gouw, Indonesian immigrant, engineer, early Facebook investor, and cofounder of Acrew Capital, just became America’s first and only billionaire female venture capitalist, with an estimated net worth of $1.2B.

Born in Indonesia to Chinese parents, Gouw immigrated to the U.S. at age 3 and became the first in her high school to attend Brown. She went on to earn an MBA from Stanford, and eventually joined Accel Partners, where she helped lead its legendary early investment in Facebook.

Now, she runs Acrew Capital, an early-stage VC firm she co-founded in 2019 that manages $1.7 billion in assets. Acrew is built around a mission Girls Into VC knows well: increasing representation in venture capital. Over 80% of Acrew’s founding investment team are women or people of color. The firm also launched the Diversify Capital Fund, one of the largest VC funds focused on increasing diversity in tech stock ownership—with $300M+ under management and backing from HBCUs like Fisk University.

Despite headwinds, Gouw remains a powerful yet understated force for long-term change in the industry. She co-founded All Raise, a nonprofit that supports female founders and investors in Silicon Valley through networking and mentorship. She also launched a DEI-focused fund of funds First Close Partners, and continues to invest in startups across fintech, data, and health with a values-driven approach.

💬 “It’s important for young women and young Asian American women to see someone like [Gouw] achieve what she’s achieving.” — Lauren Kolodny, cofounder of Acrew Capital

📚 VC Vocab:

Quick definitions to sharpen your venture fluency

💕 Term Sheet

What it is:

A non-binding document that outlines the key terms of a potential investment deal between a startup and a VC.

Why it matters: 

This is where the negotiation happens valuation, equity, board seats, and investor rights are all on the table.

💕 Cap Table

What it is:

Short for “capitalization table,” it’s a spreadsheet that shows who owns what percentage of the company.

Why it matters:

Every decision, hiring, raising money, or selling comes back to the cap table. It’s the heartbeat of a startup’s ownership.

💕 Due Diligence

What it is:

The research and analysis a VC does before investing in a startup: think of it as a deep background check.

Why it matters:

It helps investors verify that everything a founder says checks out financials, team, product, legal risks, and market potential.

💡 Women Founded Deal Highlight

Midi Health Raises $63M Series B to Transform Menopause Care

Founded in 2021 by Cecilia Mercado and Joanna Strober, Midi Health is a virtual care clinic that provides evidence-based, insurance-covered care for women navigating perimenopause, menopause, and midlife hormonal transitions. Unlike typical telehealth providers, Midi is laser-focused on a population that has long been underserved in healthcare women over 40 who are navigating a phase of life riddled with misdiagnosis, stigma, and silence.

At its core, Midi offers virtual appointments with clinicians (primarily nurse practitioners trained in menopause care and supervised by OB-GYNs), and delivers personalized care plans that can include hormone replacement therapy (HRT), non-hormonal medications, lifestyle and nutrition support, and ongoing monitoring. All services are designed to be covered by insurance—a key differentiator in a field historically dominated by expensive, cash-pay wellness clinics.

💲Investors:

The Series B round includes investors like Meghan Markle, Tory Burch, Amy Schumer, and Katie Couric, alongside VC firms such as GV (Google Ventures), F7, and SteelSky Ventures.

Read More Here! - Midi Health

Read More Here! - NY Post

💰️ Job Posting & Opportunities

Internships + Fellowships Roles

🔢 Y Combinator Startup Jobs (Apply Here!)

🧑‍💻 Silicon Badia VC Summer Internship: (Apply Here!)

👑 Cartier Women’s Collective Fellowship (Apply Here!)

⚓️ Private Equity Intern at KKR (Apply Here!)

🤔 Credit Solutions Group Analyst at KKR (Apply Here!)

🪨 2025 Fall Marketing Intern at StepStone Group (Apply Here!)

☘️ Internal Sales Analyst, Global Wealth at The Carlyle Group (Apply Here!)

💫 Venture Capital Summer Analyst at Nassau Street Partners (Apply Here!)

🧑‍🎓 Intern - University Internship at Tactile Ventures (Apply Here!)

Full Time Roles

🖤 Credit and Insurance Intern at Blackstone (Apply Here!)

🦋 Venture Capital Analyst at Allocator One (Apply Here!)

🌊 Investment Analyst (Class of 2026) at Turn/River Capital (Apply Here!)

🔨 Analyst, Product Specialist, AlpInvest Investor Relations at The Carlyle Group (Apply Here!)

🪜 Venture Capital - Junior Analyst at StepStone Group (Apply Here!)

👷‍♀️ Program Analyst, Portfolio Optimization & Construction at KKR (Apply Here!)

♉️ Valuations Analyst at General Atlantic (Apply Here!)

🪩 Early Stage Founder with Hearst Level Up Ventures (Apply Here!)

🔑 Full time role at Leland (Apply Here!)

💹 Community Lead at XYZ Venture Capital (Apply Here!)

🏙️ Associate, Investment Team at Greycroft (Apply Here!)

💸 Investment Analyst at Entrepreneurs Roundtable Accelerator - (Apply Here)

🎙️Weekly Listens

Podcast Series We <3

⚖️ Masters of Scale

• Hosted by Reid Hoffman, the co-founder of LinkedIn and a partner at Greylock Partners, a prominent venture capital firm. The show features candid conversations with legendary entrepreneurs and business leaders.

🏗️ How I Built This

• Hosted by Guy Raz, an award-winning journalist, radio host, and creator of multiple podcasts for NPR. He sits down with the founders of some of the world’s best-known companies—like Spanx, Airbnb, Glossier, and Bumble—to uncover how they built their businesses from the ground up.

🛒 The Consumer VC

• Hosted by Mike Gelb, his podcast dives into the world of venture capital and consumer brands. Gelb interviews top founders, investors, and operators behind companies like Magic Spoon, Haus, and Olipop to explore how they built, funded, and scaled successful consumer products.

🌅 Until Next Time

Thank you for opening up the summer with us and for being part of this growing movement. We’re so excited for what’s ahead and grateful to have you on this journey. The best investment starts with us!

— Ori Ayalon, Parker Lauer, and The Girls Into VC Content Team 💼💫