This VC firm found that female founders actually do better than their male peers

Steve Banfield:

Would love to see more firms look at the data and understand the value of a more diverse startup portfolio.

Originally posted on Fortune:

A well-known Silicon Valley venture capital firm crunched some data from its last 10 years. The conclusion: female founders outperform their male peers.

First Round Capital took a look at 300 of its portfolio companies and almost 600 founders, and found that the teams with at least one female founder did 63% better than the all-made founder teams when looking at how much the company values have changed since the firm’s investment in them. Moreover, First Round noted that three of the its top 10 best performing investments have a female founder — not the best result but definitely notable.

Of its other nine findings, others also dispelled some common beliefs in Silicon Valley, including the importance of a technical co-founder. First Round found that while it’s critical to the success of enterprise companies (presumably because of the complexity of such products and technologies), they can actually be a handicap…

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This VC firm found that female founders actually do better than their male peers

The Average Car On The Road Is 11.5 Years Old

Steve Banfield:

I think this is going to be a great opportunity for the growth of next generation connected cars. As these cars are upgraded and replaced more and more users will demand the same powerful services they have come to expect on their mobile devices and in their homes.

Originally posted on Consumerist:

(John Hanley) (John Hanley) My car was manufactured about eleven and a half years ago, which I thought was relatively old. That’s why I was surprised to learn that it’s perfectly average. According to data compiled by the consulting firm IHS Automotive, cars that are registered and on the roads have an average age of 11.5 years, and there’s a record number of cars registered right now.

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The Average Car On The Road Is 11.5 Years Old