Alice Zhang and Jarah Euston shared a surprising, but all too common, experience while attending a large San Francisco angel investment conference in 2018. At that point, the startup world appeared to be on the cusp of change. Groups like All Raise and Women Who Tech had been carving out inroads for women and driving awareness around the need for systems of support for female-founded startups.

But at that conference, Alice, who was launching a wellness soup line, and Jarah, who was building a B2B data company, only saw a sea of smartly accoutered men in their best Trunk Club…