🤩 New LP FAQ, intro to Argentina startup scene, financially empowering creators, and more

Lolita Taub
Apr 17, 2022

This is a bi-weekly newsletter of curated actionable insights and resources for underestimated founders, funders, and friends. We're 15,397 strong and growing.


🎉 Happy Easter and Passover to all who celebrate!

🇦🇷 ICYMI: Ganas Ventures launched last month, we made our first investment into Latitud, and Josh and I moved to Buenos Aires Argentina. And thanks to the community, here’s everything you need to know about the Argentina startup scene.


Néstor Hugo Solari (Sigo Seguro), Shayna Harris and Noramay Cadena (Supply Chain Capital), Tara Viswanathan (Rupa Health)

👋🏽 Hi! I’m getting more questions about investing in venture capital funds from community members that are first-time LPs and I really love to see it because doing due diligence is so important! I’ll get into it but first I want to re-share the three recordings from our last newsletter because not all the links worked last time and many of you reached out asking for them.

⏺ How to Recordings

🤔 First-Time LP Q&A

New LP: Should I invest in venture capital funds versus something else?

Me: only you can answer that. And yet I can share with you one take on investing in a venture capital fund: venture capital has a rich history of delivering both strong returns for investors and helping early-stage companies realize their potential. And while there are plenty of investment options to consider, VC performance continues to produce stand-out returns.

New LP: My goal is to make lots of money. Why should I invest in Ganas Ventures versus other financial vehicles?

Me: Before you decide to invest, I urge you to consider your money goals and only plan to invest in Ganas Ventures, my venture capital fund, if you are accredited and one of your goals is to allocate part of your investment budget to a high-risk, high-reward financial vehicle. Consider that your money will be locked up for around a decade and that your money will either multiply by a lot, a little, or not at all. Of course, I will aim to multiply your money (before making an investment I ask myself, “is there a 50x return potential?”) but I can never guarantee a return (nor can anyone else) because nobody knows what’s going on to happen in the future. So, get your questions answered and then decide whether investing in VC and Ganas is for you.

✨ Lolita Taub
twitter | lu.ma | Recently in The Business of Business, Vitalize Podcast, Republic, and The Motley Fool

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.


Congrats

Tara Viswanathan raised $20 M for Rupa Health’s Series A. Shayna Harris and Noramay Cadena from Supply Chain Capital and the Fearless Fund team raised a combined $15M from General Mills. Néstor Hugo Solari raised $5.4M for Sigo Seguro’s seed round. Annie Reardon and Renee Russo raised over $4M for Glow Lab’s seed round. Noelle Acosta raised $1.4M for Noula Health. Andie Illanes and Eduardo Mussali raised $1.2M for wOS. Sydney Sykes became a Partner at Lightspeed Venture Partners.


​​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

Lolita Taub | VC interested in LATAM: check out Lolita’s Argentina startup guide

Motley Fool | Emerging VCs: need some inspiration? Learn about investors like you from profiles by Motley Fool

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

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


Sponsored | Visible Hands is a pre-seed fund with a 14-week, virtual-first accelerator program that supports overlooked talent in building technology startups by providing company-building services and investments of up to $175K. Applications are open. Learn more and apply here!


Founders

MisFans | Web 3 founders: read about how MisFans is successfully empowering creators financially

Commsor | Community-driven founders: here’s a template for your Minimal Viable Community (MVC)

Asking for a founder | Founders: find investors that invest in early-stage pet startups

LaaS | Underrepresented founders: get resources made for you


Sponsored | You're invited to our LaaS Fireside Chat with Elias Torres, Co-founder of unicorn Drift and LP at Ganas Ventures on 4/26. RSVP here. LaaS provides community, resources, and tools for early-stage underestimated founders, funders, and friends.


Money

Parallel 18 | Early stage founders: apply to this accelerator by 4/25 and access up to $125K in grants

New York State | NYC founders: apply for up to $50k in grants

SoGal Foundation | Black female founders: apply for $5-$10K in grants

1863 Ventures | Black founders: apply to get a 3Rs $5K grants

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

Builtfirst | Head of Technology (Remote)

Ganas Ventures | Associate (Remote)

Ganas Ventures | Community Manager (Remote)

Glow Labs | Head of Product (Remote)

Zeta | iOS & Android Mobine Engineer (Remote)

💥 See all open roles and post yours here.


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