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Miriam R (Ulu), Anita H & Rei W (The Grand), Jewel B (Collab)

I can’t believe this week was George Floyd’s death anniversary. And while racism continues to abound, I am optimistic. Initiatives such as The Diversity Rider program are getting underrepresented investors on cap tables (e.g., Finix, Bevy, SUMA 🚀); founders are carving out allocations in their rounds for us; and Black and Latinx venture capital fund managers are raising vehicles larger than $100 million (e.g., Ulu Ventures, Mac Ventures, Harlem Capital, Base10 💰). It feels like we’re making progress - on the COVID front too. 50% of all US adults are fully vaccinated. Josh and I are now part of that stat and we are excited to live in a post-COVID world. I predict this world will be filled with IRL community-building events, self-care (home spa days are trending 🛁), and e-commerce unicorns (online shopping is on the rise 📈!). Speaking of, have you heard of Poparazzi, an app that lets you be your friends’ paparazzi? It was all over Twitter last week but I didn’t download it because I was catching up on what creators are doing to earn money, the social media tipping wars, and celebrating underestimated founders and fund managers raising capital!

✨ Lolita Taub
link.tree | twitter

ICYMI: I'm pitching The Community Fund at Jason Calacanis's Meet our Fund on 6/8. I was featured in Elpha, Lightspeed, and accepted into the Recast Emerging Manager program. The Startup-Investor Matching Tool's intros have led to 27 checks (~$4M!).

Congrats

Anjali Sud took Vimeo public. Heather Hasson & Trina Spear took Figs public. Miriam Rivera raised $138M for Ulu Ventures fund III. Jewel Burks, Justin Dawkins, and Barry Givens raised $50M for Collab Capital. Carolyn Rodz & Elizabeth Gore raised $20M for Hello Alice founder grants. Krish Ramineni and Sam Udotong raised $14M for Fireflies.ai. Naj Austin raised $3.75M for Somewhere Good. Rei Wang & Anita Hossain raised $2.4M for The Grand (portfolio company). Paige Doherty raised $1.6M for Behind Genius Ventures. Samara Hernandez, Sarah Kunst, Marcos Gonzalez, Jewel Burks, Nisha Dua, Sean Mendy, Arian Simone, Jessica Peltz, Ivan Alo, LaDante McMillon, Mac Conwell, and Kelli Nikole raised from Carta Venture Funds. Andrea Hippeau, Caitlin Strandberg, Isabelle Phelps, and Stephanie Manning for becoming Partners at Lerer Hippeau.

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Funders

lolitataub @lolitataub

📚Founders and investors: have you read @PitchBook's latest US Valuation Report? I share my notes below. Seed fundraise medians ↗️$2.5M deal size ↗️$7M pre-money valuations across the board ↗️$6.5M pre-money valuations for B2C cos ↗️$7.5M pre-money valuations for B2B cos

Paypal | Learn about their plan to invest $50M into Black & Latinx fund managers
Lolita Taub | Find orgs, communities, and programs for emerging fund managers
StartOut | Go to the “Raising a VC fund for diverse managing partners” panel on 6/3

🔥 Want to meet underestimated and underrepresented emerging fund managers? Sign-up here.

SPONSORED Founders: every year, the government sets aside $150B in tax credits. MainStreet plugs directly into your payroll system and checks for 200+ credits every month. We’ve helped startups claim $80M+ the last year alone, and it’s free to see how much you’re owed. On average, we are saving founders $51,040! Learn more here.

Visit MainStreet

Founders

lolitataub @lolitataub

💰 Founders: below are the states whose venture capital dollar investments have increased the fastest between 2016 and 2020. Interesting, right? 1️⃣Michigan (🔼~900%) 2️⃣North Carolina (🔼400%) 3️⃣Colorado (🔼300%) 4️⃣Minnesota (🔼200%) 5️⃣Washington (🔼~200%) news.crunchbase.com/news/fastest-g…

Guide | Get this free fundraising guide
Lolita Taub | Check out these American and European women investor lists
Asking for a founder | Find out what investors think about founder salaries

📚 Want more resources? Here is a resource map made for you.

SPONSORED Are you a Black Founder building a scalable company that rejuvenates your community? Genius Guild is a business creation platform that is supporting high growth Black Entrepreneurs. Learn more here.

Visit Genius Guild

Money

WFLA | Female founders: apply for $40K cash and more by 6/1
Hello Alice | Female founders: apply for $10K grants
Lightship Capital | Founders: apply to Twitch Pitch for $5K and Amazon credits
Equity Crowdfunding | Raise up to $5 million
Non-dilutive capital | Create a profile to find non-dilutive capital

👋🏽 Want investor intros? Sign-up for The Startup-Investor Matching Tool and, if you founded a community-driven co, submit to The Community Fund.

Jobs

🪐 Product Design > Remote | Space Soft Inc, an audio first platform that helps businesses add audio chat to their websites and products. Apply.
Social Media Manager > Detroit, MI | Healthy Roots, a toy company that empowers young girls to love their curls. Apply.
Research Intern > Remote | Ayana Therapy, a telehealth platform which provides online therapy for marginalized communities. Apply.
↳ See all open roles here.

💼 Want to post OR find a job? Visit Lolita Jobs, a board for jobs at companies founded & led by underestimated founders, here.

Visit Lolita Jobs

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