🤑 On being accredited and unaccredited, LATAM unicorns, finding the perfect investor match, and more

Lolita Taub
Feb 20, 2022

​This is a bi-weekly newsletter of curated actionable insights and resources for underestimated founders, funders, and friends. We're 14,039 strong and growing.


​🤩 RSVP to our LaaS x SVB Fireside Chat with Elizabeth Yin from Hustle Fund on March 7th and Save the Date for our Women’s International Day event on March 8th.


​Danielle Washington & Ciara Imani May (Rebundle), Marcus Whitney (Jumpstart Nova), Chris Bennett (Wonderschool)

​In the last three issues, we talked about money goals, investment options, and perspectives on becoming an angel, LP, or VC. And, today, we're going to find out how you can become an angel, LP, or VC fund manager in two steps.

​Step 1. Are you accredited?

​Determine whether you’re an accredited investor or not. If you are an accredited investor by the SEC definition, you can invest as an angel or LP. You are an accredited investor if you earn $200K, as an individual, or $300K as a couple annually, or if your net worth is more than $1M (not counting the value of your primary home), or if hold a Series 7, Series 65, or Series 82 license. If you create a VC fund, you can invest through the fund regardless of whether or not you are accredited as an individual.

​Step 2 for unaccredited peeps:

​You can become an angel investor by:

  • ​depending on your state, you can invest in startups up to $2K or up to 5% of your annual income via equity crowdfunding. Read details here.

  • ​Outside of angel investing, you can also invest in:

    • ​traditional investment vehicles such as publicly-traded stocks and ETFs on platforms such as Robinhood, Baraka (port co)

    • ​crypto (e.g., Bitcoin, Ethereum, Solana) on platforms such as Coinbase, Gemini, Kraken, Syndicate (port co), Alt (port co)

​Step 2 for accredited peeps:

​TL;DR. You can become an…

  1. ​Angel investor by asking founders to let you invest and then writing them a check they accept. Alternatively, you can angel invest in a community through angel groups.

    1. ​Read more on becoming an angel investor here.

    2. ​Get intros to startups founded by underestimated founders (and then consider investing) through the Startup-Investor Matching Tool.

  2. ​LP investor by asking general partners, these are venture capital fund managers, to let you invest and then writing them a check they accept.

    1. ​Read more about becoming an LP investor here.

    2. ​Get intros to venture capital funds founded by underestimated funders (and then consider investing) through the GP-LP Matching Tool.

  3. ​Venture Capital investor by taking a job at a fund or launching your own.

    1. ​Read more about becoming a venture capital fund manager in How to Raise a Venture Capital Fund.

    2. ​Get intros to LPs through the GP-LP Matching Tool and startups through the Startup-Investor Matching Tool.

​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.

​✨ Lolita Taub
twitter | lu.ma | ICYMI I was in Forbes and Technical.ly.


​Congrats

​Abbey Wemimo and Samir Goel raised $130M for Esusu’s Series B. Neha Khera raised $67M for and made Partner at 2048 Ventures. Kathryne Cooper & Marcus Whitney raised $50M for Jumpstart Nova Ventures. Chris Bennett raised $25M for Wonderschool’s Series B. Mac Conwell raised $10M for RareBreed Ventures (port fund). Jeff Bussgang raised $7M for The Graduate Syndicate. Ofo Ezeugwu raised $2.1M for Whose Your Landlord (port co). Ciara Imani May and Danielle Washington raised $1.4M for Rebundle. Farooq Tirmizi and Elphinstone Capital (port co) got into Y Combinator. Alexandra Fine and the Dame Products (port co) team partnered and launched their sexual wellness brand with Sephora.


​

​​​​​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


​Funders

​Contxto | Study up on LATAM’s unicorns in this article by Contxto

​The First Close Pod | Listen to Anna Raptis’ episode to learn about a rising LATAM fund

​Startup-Investor Matching Tool | VCs: meet thesis-aligned underrepresented founders

​GP-LP Matching Tool | LPs: get thesis-aligned intros to underrepresented GPs


​​Sponsored | Founders: I'm working on Pitch's new "Pitch Yourself" campaign, with my deck on "Finding the Perfect Match." Take part by creating your own deck with Pitch's free templates, and follow them here.


​Founders

​Commsor | Read Commsor’s report for community-driven co insights

​Pitch | Get tips on what you’ll need to find the perfect investor match

​Asking for a founder | Learn about OKR structures you can use at your co

​LaaS | Underrepresented founders: get resources made for you


​Money

​New Voices Foundation | Black women food & bev founders: apply by 2/25 for $10k in grants

​Mucker | Founders: apply by 3/4 to Mucker’s Accelerator for $100-175K investment

​Visa | Fintech founders: apply to startup competition for up to $100k in prize money

​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


​Jobs

​Launch Factory | Founder in Residence (San Diego, CA)

​Ceremonia | Wholesale Project Manager (New York City, NY)

​CinemaDraft | Chief Technical Officer (Remote, Global)

​💥 See all open roles and post yours here.


​Want more? Follow me @lolitataub and let me know how I can help. Want to support our newsletter and get featured? Become a sponsor.