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Episode 53

How Women Become Angel Investors & Board Members | Breen Sullivan (The Fourth Effect)

with Breen Sullivan, The Fourth EffectSeptember 20, 2026

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98 percent of investment dollars in this country flow to 14 percent of the population. Breen Sullivan (Featured in Forbes & Harvard Business School Speaker) decided to take a hammer to that ceiling. In Episode 53, host Brandi Kolosky (Founder & GP of Sacral Capital, Sacral Fund I, & Sacral Sisters) sits down with Breen Sullivan — Founder & CEO of The Fourth Effect, the fastest-growing board marketplace where women make the first move. Breen is a Yale, Berkeley, and Tulane Law alum who spent a decade as General Counsel to three high-growth tech startups. She watched her male peers angel invest, join advisory boards, & build for-profit board careers while her female peers were locked out — not for lack of qualification, but because no system existed. So she built one. Today, The Fourth Effect connects a community of more than 20,000 members, 3,500 board-ready startups and experts, & a private investment club of angels, LPs, & GPs — with a brand-new AI-native platform & a proprietary relationship contract management system that finally makes advisory equity, board equity, angel checks, & LP commitments visible in one place. In this conversation, Breen & Brandi go deep on: ▸ Why 98 percent of investment dollars still flow to 14 percent of the population ▸ The "invisible middle" of the economy where money & power actually concentrate ▸ The two origin moments that became The Fourth Effect ▸ "A business problem masquerading as a legal problem" — & what it cost one founder ▸ How board service & check-writing reinforce each other on a single flywheel ▸ Why qualified, capitalized, interested women still don't write their first check ▸ The Sacral Sisters education-first model for women LPs ▸ The new AI-native Fourth Effect platform and its relationship contract system ▸ How to move from operator → advisor → angel → LP → fund manager ▸ Take the Capital Readiness Scorecard: https://plungeintoprosperity.com ▸ The Fourth Effect (free community): https://www.thefourtheffect.com Subscribe to Sacral Capital & Plunge Into Prosperity Substack

Show Notes

CHAPTERS 00:00 — 98% to 14%: the ceiling this episode takes a hammer to 01:59 — Welcome Breen Sullivan (The Fourth Effect) 02:04 — Why keep listening: "the invisible middle" of the economy 02:46 — Prosperity = creativity (making the pie bigger) 04:33 — The bold plunge: finding her voice 06:23 — Origin moment #1: filing the paperwork for someone else's fund 08:33 — Origin moment #2: the accidental innovation ecosystem event 12:17 — Meeting Katrin de Haen: the two-sided proof point 15:14 — "A business problem masquerading as a legal problem" 16:04 — Engineering board service + check-writing into one flywheel 19:47 — Talent side: from board seat to angel to LP 21:14 — Brandi's Formula One story: $50M and "I'm allowed to do this" 23:41 — When a board seat changes a fundraise outcome 26:50 — Why qualified women still don't write their first check 28:52 — Sacral Sisters SPV: teaching first, checking second 31:07 — "A prepared mind is a confident mind" 32:36 — Education inside The Fourth Effect (why universities want to teach it) 34:23 — The AI-native platform + relationship contract management system 36:20 — Where to find The Fourth Effect 37:45 — Sacral Sisters intro + how Brandi and Breen met 38:17 — October 27 Summit, Kirkland & Ellis NYC 39:05 — Capital Readiness Scorecard CTA 39:22 — Sign-off

Breen Sullivan, The Fourth Effect

About the Guest

Breen Sullivan is the Founder & CEO of The Fourth Effect, an AI-native board marketplace and private investment club that connects women with startup boards, advisory equity, angel opportunities, and LP commitments. A Yale (Theater), UC Berkeley Law, and Tulane Law alum, Breen spent a decade as General Counsel to three high-growth tech startups before co-founding the platform with Katrin de Haen in 2018 after watching her male peers accrue for-profit board careers her female peers had no clear path to. Today, The Fourth Effect connects a community of 20,000+ members, 3,500+ board-ready startups and experts, and a private investment club of angels, LPs, and GPs. Featured by Forbes, Bloomberg's Women Buy-Side Network, and Nasdaq. Guest lecturer at Harvard Business School. Advisory board member at South by Southwest.

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