Unlike other jobs in finance, the field of venture capital hasn’t had a very long time to be an all-male club. The concept of pooling private money to invest in start-up companies simply didn’t exist until the late 1960s and early ’70s.
Yet among Princeton’s 18 venture capital firms, we could find just three firms – Battelle Ventures, Cardinal Partners, and Domain Partners – that list a woman as a general partner, and we located just three more women VCs statewide.
The three firms represented were founded by venture capital pioneers – Mort Collins, John Clarke, and James Blair. Collins and Clarke started Princeton’s DSV Partners in 1968, and Blair began working with the Rockefellers in the 1970s and founded his own firm here in 1985. Collins insists that the VC industry is not a white male club, and that what matters in the VC business is intelligence.
Women venture capitalists who have children say they have schedule flexibility, but read between the lines to see the scheduling challenges these women face. One shares her home with her sister, who goes to college at night and takes care of her nephews during the day. One has a stay-at-home husband who cares for the children. One limits her investments to the Mid Atantic states to cut down on travel. Another VC says, simply, that she has no outside interests other than her teenagers.
But the bigger lesson might be that men and women working together are usually more efficient than working at odds with each other. In a story about NJCST budget cuts (page 62) a downsized state employee was thankful for having a working spouse. In this case the spouse is his wife.
To the Editor
It is obvious that Route 1 in South Brunswick needs to be widened. South Brunswick’s township council wants to spend approximately $160,000 of our tax dollars to hire professional lobbying firms in Trenton and Washington, D.C., to obtain funds to widen Route 1 in our community. There is no guarantee this approach will succeed.
Rather than spend our tax dollars, council should find a less expensive way to put pressure on the government to obtain these funds.
I suggest that the township create a "Widen U.S. 1 – What Have You Done for Us Lately" report. Published quarterly, it would list New Jersey’s elected officials at the federal, state, and county levels and what they have done or not done to advance our cause. The report could be sent to newspapers and radio stations, read at televised council meetings, and included in the annual report to citizens.
I am confident that after a few issues of such a publication made available to our approximately 22,000 registered voters, our elected officials will advocate for the widening of Route 1 through South Brunswick.
Editors’ note: O’Sullivan, a South Brunswick resident who works
as a security supervisor, helped lead Citizens Against Metroplex
(CAMP) in the 1980s.