[NEWS] Aspect Ventures, founded by Theresia Gouw and Jennifer Fonstad, is splitting up – Loganspace

Side Ventures, an early-stage, five-year-inclined, San Francisco-primarily based completely mostly project agency primarily based five years within the past very seriously by two passe VCs who happen to be females, is splitting up. Cofounders Jennifer Fonstad, formerly of DFJ, and Theresia Gouw, formerly of Accel, are launching separate firms, a source confirms.

The WSJreported the newsearlier nowadays.

Fonstad tells the outlet that the ruin up owes to “varied leadership styles and varied ways of working at the portfolio stage.”

Going ahead, she plans to operate beneath the model Owl Capital and to put money into development affords, including in mission tool, which has been a most predominant focal point space for Side, with occasional exceptions, including the newly public consignment industry TheRealReal and a converse-to-user jewelry model called Baublebar.

Gouw, who is performing inloads of weeksat our TechCrunch Disrupt occasion to chat about trade trends, declined to comment. But some members of Side’s group of workers are joining her at new agency, aCrew, including Lauen Kolodny, who joined Side five years within the past and turned intopromotedfrom predominant to partner in 2017; and Vishal Lugani, who joined Side as a predominant in 2016 after spending 3.5 years as a senior affiliate with Greycroft and whose LinkedIn bio now identifies him as a founding partner with aCrew.

Crew members who’re within the period in-between joining Fonstad encompass Chad Herrin, a frail SuccessFactors VP who has been a project partner with Side since final year; and Rebecca Hu, who spent a year with Earlybird Mission Capital sooner than joining Side roughly twelve months within the past as an investor.

Side had raised $150 million for its debut fund and a second $181 million fund before every thing of 2018. Gouw, Fonstad and the comfort of their Side colleagues will proceed managing out these investments, even supposing they’ll be making all new investments out of their respective new autos, presumably as they’re locking down capital commitments.

In line with the WSJ, aCrew is focusing on $175 million for its debut fund, while Owl Capital is taking pictures for $125 million in capital commitments.

The agency is a lot from the essential to interrupt up over clashing administration styles. Most no longer too long within the past, Social Capital enormously modified form, with cofounder Mamoon Hamid heading over toassist recharge Kleiner Perkins, and comparatively masses of different early members of the agency leaving todiscovered Tribe Capital.