Some good news for female founders in California. First Partner Jennifer Siebel Newsom just launched the California Women’s Wealth Advisory Council. It’s designed to increase access to capital… | Christie Horvath

Some good news for female founders in California.

First Partner Jennifer Siebel Newsom just launched the California Women’s Wealth Advisory Council. It’s designed to increase access to capital, ownership, and financial opportunity for women across the state.

As the official release notes, the U.S. is about to see $84 trillion change hands in the largest intergenerational wealth transfer in modern history. But women still receive a fraction of venture funding and remain underrepresented in asset management and total business wealth.

This council brings together leaders in finance, venture capital, and government to close the women’s wealth gap. Katherine Rice from GingerBread Capital is co-chairing it. Her firm invests in women founders (including Wagmo!) and is deservedly at the top of my funds that support female founders list.

If you’re building in California, keep an eye on what comes out of this.