Found: Empathy-driven investing with Erin and Sara Foster

Equity

TechCrunch

Founders, Silicon Valley, Finance, Ipo, Vc, Technology, Business News, Startups, Business, Venture Capital, News, Stock Market, Entrepreneurship, Techcrunch

4.2 • 365 Ratings

🗓️ 26 December 2024

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, we’re bringing you a conversation TechCrunch senior reporter Dominic Madori-Davis had with Sara and Erin Foster along with their advisor at Oversubscribed Ventures, Phil Schwarz. Across their careers, the Foster sisters have co-founded the clothing line Favorite Daughter, co-led creative for Bumble Bizz and Bumble BFF, and currently co-host their own podcast Listen to the full episode to hear: How the Foster sisters made their pivot to VC. Which investments excites Oversubscribed Ventures the most. How they balance all of the different facets of their careers. Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday. Subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod. For the full episode transcript, for those who prefer reading over listening, check out our full archive of episodes here. Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.

Transcript

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0:00.0	This episode is presented by Mercury, the fintech that simplifies how more than 200,000 businesses operate.
0:09.8	Hello and welcome to another episode of Found, the podcast where we bring you the stories behind the startups.
0:15.0	This week, we're changing it up and bringing you along with us to TechCrunch Disrupt.
0:18.3	I'm Dominic Maduri Davis, and you're about to hear a conversation I had with Aaron and Sarah Foster, along with their business partner, Bill Schwartz, an advisor at oversubscribed
0:25.7	ventures. Across their careers, the Foster sisters have co-founded the clothing line
0:33.2	favorite daughter, co-led creative for Bumble and Bumble BFF, and currently co-host a podcast
0:37.8	together. Aaron Foster even created the top Netflix show Nobody Wants to Star in Kirsten Bell. But in this
0:43.1	conversation, we get into how they made their pivot into VC, the type of investments that
0:47.0	excite them the most, and how I balance all the different facets of their careers. Let's dive in.
0:57.7	Welcome to the official tech crunch disrupt after pod.
1:03.4	I am here with Aaron, Sarah, and Phil.
1:06.2	We just got off stage with our panel about consumer culture, and then I think I threw another C word in there.
1:12.5	Thank you for joining us. Thanks for having us again. I just realized that on stage, Phil,
1:17.6	you did not give us a story about like a mishap in your career. Oh yeah, give it to us.
1:23.6	What I would say is it like at Tinder, as much of a success story as Tinder is, we did so many things wrong.
1:29.6	It's funny, one of those things like literally happened in the middle of us working together.
1:33.9	We were filming a bunch of content.
1:35.2	We wanted to make Tinder more female friendly and literally in the middle of us creating the content.
1:40.3	The day that we showed up to film the content, there was just very negative article about
1:45.1	Tinder and just because somebody...
1:47.0	And specifically about women.
1:48.1	Specifically about women.
	...

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