GV( formerly known as Google Ventures) has lost its one female general collaborator. London-based Avid Larizadeh Duggan is joining Kobalt , a New York-based music tech company that acts as a publisher and renders royalty tracking services for ways when any sample or full track is played across various digital platforms.
Larizadeh Duggan, who’d led an investment in Kobalt for GV, takes the name of EVP, Chief Strategy and Business Officer.
Before joining GV, Larizadeh Duggan co-founded Boticca, an online bazaar that sold fashion accessories from independent brands and was acquired by Wolf& Badger in 2015. The HBS grad also spent nearly three years as an associate with Accel Partner beginning in 2006.
Asked about Larizadeh Duggan’s decision to leave, a spokeswoman for GV said she had “found that she actually missed the day-to-day operational aspect of building a startup, and Kobalt is a great fit for her. They will benefit from her leadership.”
Her move foliages GV with simply two remaining women on its 16 -person investing squad: principal Terri Burns, formerly an associate product administrator at Twitter; and partner Laura Melahn, who previously established GV’s marketing function in London.
Larizadeh Duggan, who starts work at Kobalt next month, was also just one of merely two general partners left in GV’s London office, which opened in 2014 with five GPs. In fact, her departure leaves only Tom Hulme, a former design director for IDEO Europe, to oversee the outfit’s investments on the continent.
This does not spell the end for GV in London. Sources close to the attire say that Hulme will continue to grow GV’s presence in Europe, with GV’s full support, and that different groups is close to announcing some investments.
From what we understand, there will also be more people added over time.
That Larizadeh Duggan was GV’s simply female general spouse is not unique — proportionally — in the world of venture capital. A survey from Crunchbase in October 2017 found that among the top 100 venture firms, simply eight percentage are expending spouses( of any level; not just general ), and that girls comprise 15 percent of the partner roles at accelerators and corporate venture firms.
Kobalt is not your median startup: the company is actually 17 years old, but it has in more recent times been turning to VCs for investment to supercharge its growth, impounding the opportunity created by the rapid rise of music streaming services.
GV had led Kobalt’s $ 60 million Series C round back in 2015. According to Crunchbase, the company has gone on to raise $205 million wholly from investors, plus hundreds of millions more for its publishing business, from investors that include Hearst Entertainment and Section 32, a new venture firm made last year by former GV CEO Bill Maris.