ADADIn taking the company public, Herd will join a small, exclusive club of female chief executives. Data from PitchBook, a private market database, shows that just 32 out of the 377 venture-backed firms that filed for IPOs between 2016 and 2020, or 8.4 percent, had a female CEO. “What’s interesting and encouraging about the Bumble IPO is obviously it’s a woman founder and CEO. After the private equity firm Blackstone Group purchased Andreev’s stake in 2019, Herd was installed as CEO of the reorganized company. As more venture capital funds cater to women-led businesses and are led by female venture capitalists themselves, some see hope for change.

Source: Washington Post February 05, 2021 13:01 UTC