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'You just get a bit over it': Why women are quitting VC for coveted operator roles

Women who joined VC during the post-Covid boom are exiting for startup roles, citing limited advancement and exhaustion from advocating for diversity.

Women are leaving VC for operational positions at the very companies VCs typically fund. Shutterstock

In venture capital, they call it “pattern matching” — identifying similarities in successful investments — but Claire Bristow and Adele Moynihan spotted a different pattern: the escape route their female colleagues were taking.

Both women recently left roles in Australian venture capital for chief of staff positions at high-growth startups.

Bristow departed Skalata Ventures for pet food company Lyka, while Moynihan left her role establishing Bupa Ventures to join telehealth provider Hola Health.

They’re part of a broader trend of women leaving VC for operational roles — including Casey Flint moving from Square Peg Capital to San Francisco-based ReflectionAI, Lucy Tan leaving Square Peg for Traild, Britt Bloom transitioning from EVP to BlendAI, and Kat Throssell departing Giant Leap for Ovom Care.