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Both Things Can Be True: Bias and Bad Fundraising Advice

This is going to be BIG.

She was pitching for a pre-seed round of $400k. The startup ecosystem is a terrific manufacturer of bad fundraising advice. Founders hit the street with their pitch deck, some make it, and some don’t, but nearly all of them ascribe a lot more human influence over the process than there probably is. I’m a female founder.

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What minority founders must consider before entering the venture-backed startup ecosystem

TechCrunch

But most venture-backed startups are “still overwhelmingly white, male, Ivy-League-educated and based in Silicon Valley,” according to a study conducted by RateMyInvestor and Diversity VC. Or will we have to repeat the same conversations about representation failings within VC funds? Make serious headway with accelerators.

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Dispatches from the Road: Q2 2022

Revolution

What we did: Revolution Growth Vice President, Nancy Hilliker , participated in the 2022 Dig-South Tech Summit, where she discussed supporting a more diverse innovation landscape and the acceleration of connections between VCs and founders in non-traditional tech hubs. Where we went: Chicago, IL ??

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Why every VC should spend a month with an accelerator

TechCrunch

I’ve sat at both sides of the table as a founder and a VC, and I understand how difficult it is to get them on the same page. However, I believe that accelerators can be the glue bringing the two together. Here’s why I believe every investor should spend time with an accelerator: See diversity in action, and mirror it.

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Kenya’s Pariti raises $2.85M led by Harlem Capital to develop startup ecosystems in emerging markets

TechCrunch

Pariti , the Kenya-based community-led marketplace building the digital infrastructure for startup ecosystems in emerging markets, has raised $2.85 Other investors — Better Ventures, Accelerated Ventures, Diverse Angels, AVG Basecamp and New General Market Partners participated. The round was led by U.S.-based

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After a record 2022, 8 investors explain why it’s ‘still just Day 1’ for Africa’s startup ecosystem

TechCrunch

It turns out that while later-stage investors, mostly international VC firms, grabbed headlines by writing immense checks, pre-seed and seed-stage investors were instrumental to the growth of the continent’s tech ecosystem. To find out, we polled a few investors who had the highest volume of deals in Africa last year.

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What went wrong at Techstars

Founders Coop

tl;dr + Techstars was once one of the world’s leading accelerator programs, but has steadily been eclipsed by Y combinator. Rather than compete for the #1 market, Techstars made a virtue of supporting nascent startup ecosystems in the other major tech and financial hubs in the US, and eventually, around the world.