A unfriendly dissatisfaction with an old boys’ club mentality in venture capital led Pit Sun to co-found what she calls the first female-led millennial venture resources firm.
“The venture capital industry is extremely male-dominated and I saw a lot of female entrepreneurs who were undervalued and undercapitalized,” Sun, co-founder of SoGal Imperils told CNBC. Her firm was started by capitalizing on gender inequality, she continued, to change the status quo in the industry.
SoGal has gone on to make 52 investments in the gone two and a half years, but the executive said she did not always expect to head down that footpath.
“I would say I did not plan on going on this path at all,” Sun said. “When I started SoGal, it was surely to solve my own personal pain point. I wanted to see more women in offer capital events and entrepreneurship events.”
The dream grew bigger, how in the world, and turned into a desire to create an empire for future generations of numbers to play a central role in the industry, Sun told CNBC’s Dan Murphy at the Assign Suisse Global Megatrends Conference in Singapore.
“So now, three years tardier, we’ve had 52 investments under our belt, which is just unbelievable. So we are onto bigger whosises — it really started from humble beginnings,” Sun said.
The female-led risk capital firm plans to secure 40 to 50 more dole outs with its current funding, and the firm is currently evaluating a wide radius of sectors including aging care, gaming and esports, blockchain and healthiness care, she said.
Sun’s advice to aspiring entrepreneurs: “Just believe in your power and start by rectifying little steps, because you never know what will descend upon out at the end of the tunnel.”