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Both Things Can Be True: Bias and Bad Fundraising Advice

This is going to be BIG.

Or that venture capital is a meritocracy? This doesn’t take into consideration, however, that venture capital is a financial product—a product that works for some people and doesn’t work for others. We know what the racial and gender wealth disparity looks like: This is a lesson taught to be by Jewel from Collab Capital.

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Equal access to capital and entrepreneurship is the final civil rights movement

TechCrunch

But despite my privilege, I’m also confident that my Black heritage made it more difficult for me to raise venture capital. Today — and the data proves this — if you are a white male, you have an unfair advantage when looking to raise venture capital. And really, this was where my race became an obstacle.

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Truepill’s latest funding boosts valuation to $1.6B as it works on B2B side of healthcare

TechCrunch

After developing a network of telehealth, diagnostics and pharmacies for consumers, digital health company Truepill is targeting healthcare incumbents like health payers, providers and employer groups. It is still early but if we start to show what we can do, we will be helping 330 million people in the U.S.

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Why the startup sector should keep its eye on the SEC

TechCrunch

Three key areas of proposed intervention by the SEC offer examples of why the venture community should be paying attention. The policy framework for private issuers — companies and funds — was built to streamline their ability to raise capital, operate and innovate with fewer regulatory restrictions.

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Canada’s Neo Financial closes on $145M Series C, surpasses 1 million customers

TechCrunch

Valar Ventures led the investment, which brings Neo’s total funding to $234.7 Also participating in the round were Tribe Capital, Altos Ventures, Blank Ventures, Gaingels, Maple VC and Knollwood Advisory. 50B) due to the network effects it has created with its unique merchant loyalty program.”.

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TechCrunch+ roundup: Alternative financing, Web3 adoption, India’s hot Q3 fundraising

TechCrunch

individuals give money and personal data to network operators in exchange for access to information. “In In Web3 there is a possibility — not saying that it’s going to actually 100% gonna happen — but there is a possibility where the network owns the network,” said Rubin. In today’s Web 2.0,

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TechCrunch+ roundup: Psychedelic biotech, Gogoro’s SPAC, H-1Bs for Ukrainians

TechCrunch

If you can map every oasis in a desert, you’ve created a transportation network. With VCs pulling back on the reins, valuations slipping, and 2021’s hype fading, founders are finding themselves working harder to raise capital than they were in 2021, Alex Wilhelm found in his analysis of early data from DocSend.