Jennifer Fonstad

Fonstad began her career at Bain & Company after spending a year teaching high school math in sub-Saharan Africa.[12] She joined venture capital firm Draper Fisher Jurvetson as a Kauffman Fellow in 1997 and became a partner in 1998.[13] Fonstad spent 17 years with DFJ, helping to grow the firm from $150MM to $3.5Billion under management.[14] Through her career Fonstad has participated in many successful investments including Athenahealth,[15] Tesla, Solarcity,[16] the Real Real, Chime Bank, Hotmail, Netzero, Box, Redfin, and others.[17]

In 2010, Fonstad and Sonja Hoel Perkins were among the founders of Broadway Angels, an angel investing network of senior women from the fields of technology and venture investing.[14][18]

In 2014, Fonstad co-founded Aspect Ventures, an early stage, all-female venture-capital firm, with fellow venture capital investor Theresia Gouw.[19] Gouw and Fonstad worked together early in their careers at Bain & Company and at Release Software.[20]

During the first year, Aspect Ventures made several Series A and seed investments funded by the co-founders' personal capital. Aspect secured $150 million for its debut fund,[21] which included outside capital from Limited Partners,[22] and followed it with a second fund of $181 million in early 2018.[23][24] It had 116 rounds of investments in 67 companies and had 13 exists.[25]

The firm made investments in companies including ForeScout (FSCT), Cato Networks,[26] Exabeam,[27] The Muse, Crew, Silverfort, Eden Health, Pie Insurance, and PredictHQ.[25]

The founders decided to split in 2019 over clashing management styles.[28][23][24] In the same year, both founders started new venture capital firms.

Fonstad lauched Owl Capital Group,[23] which focused on early-stage startups.[29] Her current investments include Vida Health, Ohmconnect, Grokker, Stem.io, Roofstock, WelcomeTech, and Owlet.[30][31][32]