Originally posted at crunchable news

Venture capitalist Jennifer Neundorfer gave me (quite possibly) the quote of the year when we spoke in October. When describing her firm, Jane VC, and its focus on female founders, she said:

“We’re going to invest in an underlooked asset class that is overperforming.”

Let’s just have that sink in for a minute. It’s not about gender, it’s about being a capital-focused operation, comprised of investors wanting returns. Nothing more, nothing less.

While the 2019 stories of Glossier and Rent The Runway and The RealReal were all important amplifiers of the prowess and strength of female founders, underneath it all stands another perspective: diversity-focused funds weren’t innately impact-focused funds.

And as the year comes to a close, Crunchbase data shows what ‘overperforming’ really means: 2019 has been a historic year for female-founded unicorns, which were born at an unprecedented pace.

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