Illustration: Rebecca Zisser/Axios

A record number of female-founded startups raised venture capital in 2019, representing more than a 500% increase from 2010, based on new data from PitchBook and All Raise. Median valuations also hit all-time highs.

Background: The bump in global deal numbers comes amidst a (slow) increase in female venture capitalists, including those with actual checkbooks, and against the backdrop of increased exits for mixed-gender founding teams (+7% in 2019, compared to a 4% year-over-year decrease for all-male founding teams).

Yes, but: Not all the new numbers were positive, particularly when it came to actual money raised. Only 16% of all venture investment dollars invested in 2019 went to startups with at least one female founder, down from 18% in 2018. So far in 2020, the figure is just 13%.

  • In terms of deal number, 21% of all funded startups in 2019 had at least one female founder.

The bottom line: Venture capital should briefly celebrate its progress, and then get back to work doing much, much better.

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Trump, McConnell to move fast to replace Ginsburg

Photo: Alex Wong/Getty Images

President Trump will move within days to nominate his third Supreme Court justice in just three-plus short years — and shape the court for literally decades to come, top Republican sources tell Axios.

Driving the news: Senate Majority Leader Mitch McConnell and Senate Republicans are ready to move to confirm Trump's nominee before Election Day, just 46 days away, setting up one of the most consequential periods of our lifetimes, the sources say.

What they're saying: Ruth Bader Ginsburg was a "tireless and resolute champion of justice"

Ruth Bader Ginsburg speaking in February. Photo: Sarah Silbiger/Getty Images

Democratic and Republican lawmakers along with other leading figures paid tribute to Supreme Court Justice Ruth Bader Ginsburg, who died on Friday night at age 87.

What they're saying: “Our Nation has lost a jurist of historic stature," Chief Justice John Roberts said. "We at the Supreme Court have lost a cherished colleague. Today we mourn, but with confidence that future generations will remember Ruth Bader Ginsburg as we knew her — a tireless and resolute champion of justice.”

Supreme Court Justice Ruth Bader Ginsburg dies at 87

Ruth Bader Ginsburg. Photo: Tom Brenner/Getty Images

Justice Ruth Bader Ginsburg has died of metastatic pancreatic cancer at age 87, the Supreme Court announced Friday evening.

The big picture: Ginsburg had suffered from serious health issues over the past few years. Her death sets up a fight over filling a Supreme Court seat with less than 50 days until the election.