♀ What to do about abortion rights, avoiding burnout, follow-on investing, perspective on valuations, money for startups, and more
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Sarah Catanzaro (Amplify Partners), Michael Broughton (Altro), Pegah Ebrahimi and Wesley Chan (FPV Ventures)
I am, like so many of us, gutted by the US Supreme Court’s decision to overturn Roe v Wade. And yet, we’ve got to get real about it: know what the implications are and what we can do to mitigate the bad that will come from criminalizing abortion. So, in this issue, I write about both with the hope that we can move forward together.
Implications of Roe v Wade
Poverty. The typical women getting abortion today are poor and already have children. 40% of children in the US already live in poverty and we don't want to increase that. Unfortunately, with Roe vs Wade overturned, many women will be forced to have children and become more entrenched in poverty. As someone who comes from poverty this is heart-wrenching.
Death. We already have one of the highest maternal mortality rates in the world. And with the criminalization of abortion, it’s expected that the maternal mortality rate will increase by 20%. These deaths are tragic and unnecessary.
Women of color. More women will die. And many of them will be from our communities. Today, pregnancy-related mortality ratios are 3.2Xs higher for Black women and 2.3Xs higher for American Indian/Alaska Native than for white women. As a woman of color this is devastating.
What we can do
Know where abortion is legal, illegal, and what states can criminalize abortion next.
Donate to and leverage resources of reproductive rights organizations such as Planned Parenthood, National Network of Abortion Funds, Abortion Care Network, Guttmacher Institute, and Sister Song.
Tweet to the US government. “Hi @POTUS @KamalaHarris @SpeakerPelosi @SenSchumer, now is the time to ensure that no woman or girl, no matter where she lives, is denied her fundamental sexual and reproductive rights. Will you legislate and defend women’s choices over their bodies and futures? #roevwade”
Vote for legislators who support sexual and reproductive health and rights.
Talk about access to safe abortion services because: everyone has a right to life, a right to health, and a right to be free from violence, discrimination, and torture or cruel, inhuman and degrading treatment.
✨ Lolita Taub
twitter | luma | Recently in Digital Journal, Forbes, and Inside.
Congrats
Sarah Catanzaro and the Amplify Partners team raised $700M for their Fund V and Amplify Select V. Pegah Ebrahimi and Wesley Chan raised $450M for their debut fund at FPV Ventures. Lara Lemann and Monica Saggioro raised $100M for Maya Capital's Fund II. Michael Broughton raised $18M for Altro’s Series A. Damola Ogundipe and Yemi Adewunmi raised $10M for Civic Eagle’s Series A. Sarah Guo has started a new fund. Erin Harkless Moore made Black Women in Asset Management’s 40 under 40 list.
Sponsored | SVB Startup Banking Whether it’s rethinking hiring plans, pivoting your go-to-market strategy or planning your next fundraise – the SVB Startup Banking team is here to support you. We are a team of former founders, operators and investors dedicated our clients’ success. Wherever you are in your startup journey, please reach out to us. We’re here to help. - Rochelle & Vanessa
Funders
FirstRepublic | LPs: check out this survey report on why Family Offices invest in emerging VC funds
Laura Thompson | LPs: read this blog post to learn more about the pros and cons of follow-on investing
Startup-Investor Matching Tool | VCs: meet thesis-aligned underrepresented founders
GP-LP Matching Tool | LPs: get thesis-aligned intros to underrepresented GPs
Sponsored | LACI’s Small Business Accelerator Program (FBA) will give founders the tools they need to scale and build businesses that thrive. City of LA founders, apply to join Cohort 7 by June 30th!
Founders
a16z | Software founders: get a framework for navigating down markets & perspectives on what valuations should be
Robbie Bent | Founders: get some tips on how to better identify and avoid burnout
Asking for a founder | Founders: discover how to manage mental health concerns and present disabilities when fundraising
LaaS | Underrepresented founders: get resources made for you
Sponsored | Since our launch in March, Ganas Ventures made its first investment into Latitud’s seed round co-led by a16z/NFX and second investment into Around's seed round led by Leap Ventures. Last week, Sweater Ventures invested in Ganas Ventures too! Learn more about and join the Ganas family.
Money
FemAging | HealthTech founders: apply for $10k in prize money by 6/27
TechCrunch | Founders: apply for $100k in prize money by 7/31
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
Around | Product Design Lead (Mexico City, Mexico)
Uplify | Content & Social Media Manager (São Paulo, Brazil)
Ganas Ventures | PT Associate (Remote, US)
Ganas Ventures | PT Community Manager (Remote, US)
💥 See all open roles and post yours here.
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