As part of a CNET special report exploring what people and companies are doing to make the tech industry more diverse, Fonstad says:
Both Theresia and I got to the point in our careers where we decided to focus on the early stage startup again so we can be more collaborative and company-building. We help them as they grow — getting the management team hired, and helping them get early customers and follow-on financing for the next stage of growth. It’s why we both became VCs…I’m noticing an industry shift in general. There’s been a significant inflow of newly wealthy women who are investing for themselves, becoming angels or forming microfunds with less than $4 million. It’s just more gratifying to work for themselves.