“I firmly believe that when women have money, they have the freedom to make decisions and invest in those things that matter to them.”

Social Capital evaluated nearly 3,000 companies during its private beta and committed to funding several dozen across 12 countries. An interesting byproduct of the data-oriented approach was that CEO demographics skewed 42% female and majority non-white. (For context, female founders received 2.19% of venture capital funding in 2016.) Social Capital CEO Chamath Palihapitiya called the 42% data point “simply fucking awesome.”