Arlan Hamilton — founder and managing partner at Backstage Capital — summarized best why investing in Black Female Founders (BFF) isn’t just important, but could produce high yields: “Less than 0.2 percent of all early-stage venture funding goes to Black women, while we make up approximately 8 per cent of the U.S. population and are one of the fastest-growing entrepreneur segments in the country,” Arlan wrote. “It is my firm belief that because Black women have had to make do with far less for centuries, equipping them with early-stage capital that is
Every year around 0.2% of business funding goes to Black women so last year when Joycelyn and I set out to raise £360k ($450k) whilst I had a very visible baby bump, we knew we’d have a serious fight on our hands… At this year’s London Tech Week, I was flicking through my notes and saw that a year ago we didn’t know the difference between VC and angel investment. Under a year after attending events to learn about investment, in an environment where young black women aren’t funded, we
This is the tale of a technology enabled phoenix. This is the tale of the death of a startup. It is the tale of betrayal and survival. It is long. It is a tale of redemption. It is worth the read. In the year 2011, I was inspired to start a technology-enabled primary care practice that would cut the cost of healthcare in half while 10x-ing the patient experience. I knew a lot about healthcare but nothing about running a clinic. Yet, I knew that I had done harder things
A lot of founders and VCs give advice to startup founders after they’ve become millionaires and notched some wins, which certainly produces some helpful tips but also loads of success bias. On the other hand, some of the best advice I’ve gotten is from fellow entrepreneurs in the earliest stages of their startups, just like me. I can’t consider myself successful yet, but I can say I have some experiences worth sharing with other entrepreneurs. One of the most frequent things I get asked is “how did you raise the
Here are a few lessons I picked up raising our seed round for Amaliah.co.uk. [All the investor quotes are genuine but anonymised]. 1. Don’t be put off Investor: “I simply believe that what you are doing is going to fail” Meh…. Everyone will have an opinion. Not everyone you meet will understand what it is that you are trying to do. As long as you know, that is all you need. 2. Know what words are sexy AI, Fintech, VR = Sexy Words 😍 E-commerce, advertising = Unsexy 😷
