Trying to fix VC's sexism problem from the LP level
While much of Silicon Valley is busy signing "Decency Pledges" and wondering how it can curb sexual discrimination, one woman is taking action. Sarah Kunst, an entrepreneur and investor who recently made headlines for publicly sharing her story of being harassed by 500 Startups' Dave McClure, has joined the board of a fund affiliated with her alma mater, Michigan State University.
Who? Kunst is currently the founder and CEO of fitness startup ProDay, and has spent time at VC firms Mohr Davidow Ventures and Fortis Partners.
Why it matters: It's becoming increasingly clear that institutional investors in VC funds—known as limited partners—can play a huge role in whether firms prioritize diversity and ethical behavior. "Universities, in particular, have an obligation to be on the right side of history," Kunst tells Axios.