BBG Ventures, a New York-based, early stage venture capital firm, backed with $10 million from AOL, that invests in women-lead tech start-ups, has made investments in 12 start-ups. Headed by media industry luminary Susan Lyne, BBG makes seed investments of generally less that $250,000. The fund was launched in September.
We spoke with Lyne about the fund. She says her group has evaluated over 400 women-lead start-ups. Of the 12 portfolio companies, she says at least two are near Series A venture rounds.
Today at TechCrunch Disrupt conference in New York, Lyne will judge the Start-up Battlefield.
We taped her for the Beet.TV series the Media Revolutionaries sponsored by Xaxis and Microsoft. An extended segment from the session will be published at a later date. Interviewing Lyne is David J. Moore, CEO of Xaxis and President of WPP. Moore is serving as executive producer of the series.