Finance

Bumble IPO a win for female founders, venture capital funds still low

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Whitney Wolfe Herd speaks onstage during the Fortune Most Powerful Women Next Gen conference at Monarch Beach Resort on November 13, 2017 in Dana Point, California.

Joe Scarnici | Getty Images Entertainment

When 31-year-old Bumble CEO Whitney Wolfe Herd takes her company public this week, she will be noted not only for her youth but also as one of the few female founders to lead her company to IPO.

It’s a fitting feat for the founder of a dating app designed to put women in the driver’s seat. But it also hammers home the still mismatched playing field for men and women entrepreneurs.

Bumble, whose board comprises 73% women, is expected to begin trading Thursday on the Nasdaq, just days…



Source cnbc.com

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