Meet the Woman Funding the Valley’s Hottest Shopping Startups

Forerunner Ventures investor
By Leena Rao.

At age 18, Kirsten Green sold women’s clothes at the Nordstrom in Walnut Creek, Calif. Twenty years later, the retailer backed her fund, Forerunner Ventures. Green, 45, has made a name by investing in a handful of e-commerce supernovas, including razor-delivery startup Dollar Shave Club, which was acquired by Unilever in 2016 for $1 billion and e-commerce marketplace, bought by Walmart (WMT, +0.88%) for $3.3 billion.

Green started as a retail analyst and always felt “safe in numbers.” Eventually she took more risk and in 2002 invested in a little-known company called Deckers Brands, which owned Teva sandals and had acquired a boot company called Ugg. Within a year, the stock jumped fifteen fold in a year.

Green was new to Silicon Valley, so she did research projects for VCs and made angel investments before forming Forerunner in 2010. “To be a good investor you have to think differently from others,” says Green—who if only for her gender stands out in the industry. Just 7% of U.S. VCs are women, according to Axios. Seven of the other eight people in her firm are women or minorities. “We want different perspectives and believe in the benefit,” she says.

Read more at Fortune.

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