👩🏽💻 Celebrating Women's History Month, Tier-1 investor tips, free money for startups, valuation trends, and more
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Austin C (Slauson), Calanthia M (Masa), Kim P (OmSom), Arjay R (Homeroom)
Happy Women's History Month! This is a time to reflect on feminism, the state of women, and how we can take action to empower them (us!). I invite you to join me in this exercise. I share my reflections on these topics from the perspective of a Latina VC, to stimulate your thinking.
What is feminism to you?
Feminism is a belief in and commitment to gender equality. It is not about man-hating, but rather about inclusivity. The focus of feminism is not on women's superiority, but on the idea that all genders should be treated equally. Feminism is also about taking into account women's intersectionalities (and not about "white feminism”).
What stats on the state of women would you like to see improved?
Women make up 50% of the global population, earn over $20 trillion annually globally, and control over 33% of total household wealth (Goldman Sachs)
Less than 2% of LP-VC funding goes to women fund managers, and less than 2% of VC investments go to women founders (Techcrunch)
Without investment, it will take 300 years to achieve gender equality (United Nations)
How can I and others help empower women and improve the state of women?
Invest in top female founders and fund managers
Hire women and promote them to positions of power
Speak up for women. If we remain silent, we become bystanders who condone sexism
As you reflect on these topics, remember that it is normal to have a unique perspective on feminism, the state of women, and women's empowerment. After all, our perspectives are shaped by our personal lived experiences, worlds, and intersectionalities.
And with that, I send lots of love to all the women in our community and invite you to consider reading Angela Davis’s Women, Race and Class and Mikki Kendall’s Hood Feminism: Notes from the Women That a Movement Forgot.
✨ Lolita Taub, GP at Ganas Ventures | twitter | luma
Recently in Forbes, Nasdaq, LinkedIn News, and Techcrunch
Congrats
Calanthia Mei and Brendan Playford of Masa Finance (port co) for deploying on the Celo blockchain with its new "Prosperity Passport." Arjay Ruggles of HomeRoom (port co) for joining the Techstars Music Accelerator. Kim Pham of OmSom for launching at Target. Anna Barber, Austin Clements, and Minnie Ingersoll for making Business Insiders' Most Important VCs in Los Angeles list.
Sponsored | Applications open March 6 for the AWS Impact Accelerator Latino Founders cohort, part of AWS' $30 million fund to support underrepresented founders. Fast-track your startup with training, mentorship, and $225,000 in cash and credits —all at zero cost and for zero equity.
Funders
Crunchbase | Learn why this downturn will show us which LPs actually believe in diversity
TheFundCFO | Access to different VC fund models and resources
Ganas | Benefits of becoming an LP in funds during downturns
Startup-Investor Matching Tool | VCs: meet thesis-aligned underrepresented founders
Sponsored | Tired of hunting for engineering talent for your startup? Try Lemon. They offer pre-vetted, verified devs at affordable rates. Stop wasting time on unqualified candidates and go to Lemon today!
Founders
Asking for a founder | Find out why valuations are going down
Asking for a founder | Get tips on how to get Tier-1 VCs to invest in your co
Ganas | Learn how to create a community-driven company, fundraise, and build a unicorn
LaaS | Underrepresented founders: get resources made for you
Sponsored | Underestimated founders, funders & friends: welcome to the Ganas Ventures Expert Series show where we aim to help you on your startup-investor journey to success! RSVP and join talks with industry experts whose backgrounds include Gitlab, Republic, Didi, Nubank, Spin by Oxxo, and more!
Money
Ganas | Community-driven founders: apply for $100K
Workers Lab | BIPOC women: apply for $200K
Amber | Women founders: apply for <$10K grants
MEDA | SF women founders: apply for <$5K grants
Olgas | Michigan women founders: apply for $10K grants
Movemeant | BIPOC women fitness founders: apply for a $1-5K grant
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 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
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