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ICYMI: Silicon Valley Bank is our VIP LaaS Q1 2022 sponsor and our next LaaS Fireside Chat happens 1/10 with David Spinks, Co-founder of CMX (Acq by Bevy), and author of The Business of Belonging! RSVP here.
Brittany Davis (Backstage Capital), Lindsey Hoell and Maia Tekle (Dispatch Goods, port co), & Trinity Mouzon Wofford (Golde, port co)
Welcome to 2022! Let’s kick off with resolutions (and keeping them 😅). Did you know that 46% of people want to improve their health and 49% want to work on wealth? But according to the US News & World Report, we fail to keep to our resolutions 80% of the time. The most often cited reason for failing to adhere to our goals is loss of motivation.
And since wealth is likely part of your 2022 goals and wealth is the thing I work on every day as an investor, I want to help you by spending time writing about money in, at least, the next several newsletter issues.
So, for today, let’s get into some basic money questions:
What’s your relationship with money? Do you see money as something evil that only greedy people want? Do you think about money as a resource to give your family what they need, make your dreams come true, etc? I was raised believing in the former but now I believe in the latter.
What are your 2022 money goals? Ideally, the best thing to do is to take care of the basics: pay off any high-interest debt/loans, budget for living expenses, set up an emergency fund, invest in your retirement account, and then you can start thinking about what else you want to do with your money (e.g., taking a trip, investing, etc.) For Josh and me, this year our money goals are aligned with the latter and making sure my family is taken care of.
What will happen when you achieve your money goals? For us, it’ll be achieving financial health, feeling less stressed, and doing some fun things with our extra money, like investing in underestimated founders and funders!
Disclaimer: I share my perspective above and yet I’m not a licensed financial advisor and advise you to do your own due diligence before making money moves.
Garry Tan raised $700M for Initialized Capital’s Fund III. Amy Nauiokas raised $700M for Anthemis. Mac Reddin raised $16M for Commsor (port co) and acquired 2 companies. Lindsey Hoell and Maia Tekle raised $3.7M for Dispatch Goods (port co). Mariam Nusrat raised $1.3M for Breshna. Trinity Mouzon Wofford launched Golde in Target stores nationwide (port co). Brittany Davis, Sydney Paige, and Mac Conwell made Beta Boom’s Top Black-Led Venture Capital Funds list.
Sponsored | SVB Startup Banking is a community of former founders, operators, and investors passionate about supporting founders on their path to success. Beyond banking, we work with early-stage founders to help them navigate the challenges of funding and scaling a startup from Day 1. Please reach out to connect with us! We'd love to learn more about what you're building and how we can help. - Rochelle & Vanessa
Deal Room | Funders & emerging fund managers: read a blog post about the economic potential of LATAM
Lolita Taub | GPs & VCs: learn about who is running successful AngelList syndicates
Startup-Investor Matching Tool | VCs: meet thesis-aligned underrepresented founders
GP-LP Matching Tool | LPs: get thesis-aligned intros to underrepresented GPs
Sponsored | Thanks to the LaaS x Crunchbase’s inclusion program, 100 LaaS Community Annual Founding Members will get a free 1-yr Crunchbase Pro membership - which can be used to research investors, startups, and more - starting Jan 16th. To get access, become a LaaS Founding Member.
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Alpaca VC | Web3 & crypto-curious founders: learn about how NFTs are creating new ways to fundraise
Asking for a founder | Early-stage founders: discover affordable ways to find legal/compliance support
LaaS | Underrepresented founders: get resources made for you
Sponsored | You’re invited to the SVB sponsored LaaS Fireside Chat & community Q&A with Lolita Taub and David Spinks on 1/10! We’ll discuss community-driven companies, The Business of Belonging, and Web 2 & 3 communities. And, after that, we’ll hold a Q&A.
Google for Startups | Pre-seed & seed-stage founders: apply for a 4-month equity-free accelerator by 1/10
SoGal Foundation | Black female founders: apply for $5-$10K in grants
1863 Ventures | Black founders: apply to get a 3Rs $5K grant
Non-dilutive capital | Create a profile to find non-dilutive capital
Equity Crowdfunding | Raise up to $5 million
Startup-Investor Matching Tool | Founders: get intros to investors
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