🚀 Entrepreneurship month, defining pre-seed, valuations, platforms for data rooms, funding, and more

Lolita Taub
Nov 27, 2022

​This is a bi-weekly newsletter of curated actionable insights and resources for underestimated founders, funders, and friends. We're 18,480 strong and growing.


​Alessandra Henderson & Jannine Versi (Elektra Health), Feras Jalbout (Baraka), Alexandra Fine (Dame Products)

​I hope you had a great holiday weekend! Josh and I took the family to IHOP, a tour of Costco Business (they sell whole roasted pigs 🤯), and discovered we may have a future as backup dancers after dancing to Just Dance on our Nintendo Switch.

​Okay. So, before we jump into December, let’s skip the Taylor Swift x Live Nation, Elon Musk x Twitter x Trump, and the FTX fiasco talk, and instead jump into some of our community’s Cyber Monday deals here and celebrate the last days of entrepreneurship month by learning some interesting stats. Did you know that 99% of all businesses in the US and Latin America are small businesses? It’s true and one reason why I’m excited to share that Ganas Ventures invested in Leadsales, which is helping SMBs increase sales by building the future of conversational commerce.

​Also, in the US…
↳ immigrants are 80% more likely to start a business versus US-born citizens
↳ 42% of all businesses are women-owned
↳ Latina-owned small businesses are the fastest-growing segment in the US

​Yes! Latinas play a key role in the growth of the entrepreneurship ecosystem and economy in the US (and Latin America). Imagine if we gave these women capital to build VC-back unicorns. The bad news is that only <2% of VC dollars go to Latine-led companies and <2% of VCs are Latine. The good news is that I’m Latine, and I’m excited to back the next Latine unicorns at Ganas - 83% of our investments are Latine-led! If you want to back them with me, join the Ganas Ventures family!

​✨ Lolita Taub, GP at Ganas Ventures | twitter | luma 
Recently in Business Insider Mexico, Nasdaq, and Forbes


​Congrats

​Feras Jalbout raised $20M for Baraka’s (port co) series A. Roby Peñacastro and David Villa raised $400K for Leadsales’s (port co) pre-seed. Beatriz Acevedo of Suma Wealth (port co) was named one of the Most Powerful Latinas by ALPFA. Alexandra Fine of Dame Products (port co) and Alessandra Henderson & Jannine Versi of Elektra Health (port co) made Business Insider’s 2022 Most Promising Women’s Health Startups list. Gina Gotthilf of Latitud (port co) was featured in Startupi.


​Sponsored | ​Chicago founders, funders, and friends! You're invited to join Ganas Ventures, and Cap Table Coalition for an informal startup & Twitter fam hangout on December 2nd!


​Funders

​Asking for a funder | Find US pre-seed post-money valuations stats

​Asking for a funder | Learn about LATAM pre-seed post-money valuations

​Ganas Ventures | ID cos, build your investor track record and get compensated

​Startup-Investor Matching Tool | Meet thesis-aligned underrepresented founders


​Sponsored | Founders and friends, learn how Ganas works behind the scenes in this post. We go into how we source deals, select founders to back, support them, and more!


​Founders

​Asking for a founder | Learn how investors define "pre-seed startup"

​Asking for a founder | Find the right platform to host your data room

​Asking for a founder | Get a headstart on your 2023 goals and OKRs with these tools

​LaaS | Underrepresented founders: get resources made for you


​Sponsored | Existing & aspiring investors: would you like to become a Ganas Deal Partner, identify early-stage companies to back, build your track record, and get compensated? Learn more about our scout pilot program and apply by 12/9.


​Money

​SeekHer Foundation | Women founders: apply for $2K grants by 11/30

​Startup Runway | Founders: apply for $10K grants by 12/15

​Hyper | Founders: apply to get $300K in investment by 1/06

​Fearless Fund | Black women founders: apply for $10K grants

​SoGal Foundation | Black women 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


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