She is the managing partner and a co-founder of the Owl Capital Group, a venture firm based in Silicon Valley.

[5][6][7] Fonstad earned a Bachelor of Science in International Economics from Georgetown University and an MBA with Distinction from Harvard Business School.

[9] Fonstad began her career at Bain & Company after spending a year teaching high school math in sub-Saharan Africa.

[10] She joined venture capital firm Draper Fisher Jurvetson as a Kauffman Fellow in 1997 and became a partner in 1998.

During the first year, Aspect Ventures made several Series A and seed investments funded by the co-founders' personal capital.