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Josh scheduled our first COVID vaccine shots for the end of the month and I started dreaming of a Hawaii vacation. That was until I saw car rental prices at $700+ a day. I looked into this and here’s the TL;DR: car rental cos sold their cars to survive and now there’s a huge supply issue. Will be looking up car rental availability before booking flights on my next vacation. In other news: TCF celebrated its 1/2 bday, Coinbase made Garry Tan $2B thanks to a cold outreach (for it!), Miki Reynolds has got me thinking more about catalyzing a new wave of LPs (GP-LP Matching Tool?), Latina Jessica Alba is filing an IPO for Honest, Melanie Perkins just became a billionaire, and I can’t stop listening to Megan Thee Stallion’s Savage. Honestly, it’s helping balance out my COVID anxiety and sad feelings from hearing about Adam Toledo, DMX, and Daunte Wright. RIP.

Happy Ramadan to those who celebrate!

✨ Lolita Taub
link.tree | twitter

PS My mom’s surgery went well. Thanks for your thoughtful messages.

ICYMI: I'm speaking at Collision on Wed, 4/21! I had a great convo on the Your First Million pod w/Arlan Hamilton & Chacho Valadez, received the 500 Startup's Founder Advocate Award & made it into the "You Don't Need This Book" book. The Startup-Investor Matching Tool's intros have led to 24 checks ($3.8M+!).

Congrats

Rebecca Lynn for raising $350M for Canvas Ventures. Nikhil Basu Trivedi and Mike Smith for raising $175M for Footwork. Monique and Melvin Rodriguez for raising $100M for Mielle Organics. Travis Montaque for raising $36M for Holler. Sarah Kunst for raising $20M for Cleo Capital. Ariela Safira for raising $10M for Real. Kathryn Finney for raising $5M for Genius Guild. Sophie Novati for raising $4M for Formation. Kim and Tim Lewis for raising over $2M for CurlMix. Sarah Cannon, Aaron Holiday, Lauren Kolodny, Jenny Lefcourt, Elliott Robinson, Reshma Sohoni, Julie Yoo, and everyone else who made the Forbes Midas Brink List.

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Funders

lolitataub @lolitataub

👀 GPs who are curious about LP trends: read @Beezer232's thread. Highlights ↗️ LP min investment avg is $1.43M + median is $500K ↗️ Institutional LP min avg investment is $1.68M + median is $1M ➡️ LPs paying on avg 2.25% management fees (1st yr)

Elizabeth Clarkson @Beezer232

Hey #GPs and #LPs - wondering how venture terms (mgmt fee, carry, portfolio construction, LP minimums) have changed given the chaos of 2020? Wonder no more. This year’s super helpful “State of Terms” by @MackKolarich of @DifferentFunds just dropped. Here’s the TL;DR → #OpenLP

Leslie Feinzaig | LPs and VCs: find out how to increase representation at funds
Kauffman Fellows | Emerging fund managers: model your portfolio construction
Startup-Investor Matching Tool | VCs: receive thesis-aligned customized deal flow

🌈 Want to invest in women and people of color emerging fund managers? Sign-up here.

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

Founders

lolitataub @lolitataub

📚 Founders and investors: know who the most active US investors were in Q1? 💰Top 10 include @a16z @Tiger_Global @insightpartners @Accel @TRowePrice @gcvp @8vc @sequoia @GVteam @NEA news.crunchbase.com/news/most-acti…

Asking for a founder | Read answers to “should founders raise to build their MVP?”
Asking for a founder | Learn how to get customer feedback in this thread
Asking for a founder | Review this list of mistakes to avoid as a founder

📚 Want more resources? Here are courses + services for you.

SPONSORED Retail founders: Target’s newest accelerator program Target Forward Founders is looking for early-stage product brands looking to learn how to scale into retail for their 8-week accelerator program. Apply here by May 12th, 11:59PM CST.

Visit Target Forward Founders

Money

lolitataub @lolitataub

💰 Women founders: check out this list of top grants for you. @merchantmav @AmberGrants @CartierAwards @ToryBurchFdn @girlboss @WomenFoundersLA @37angelsny @WomenWhoTech ✨and more bit.ly/3dPkK9O

Top Grants For Women-Owned Startups and Small Businesses In 2021 - Global Startup Ecosystem1. Merchant Maverick Opportunity Grant Submission dates: Submissions are open as of February 1, 2021; the deadline for submissions is May 1, 2021. Entry requirements: Open to …bit.ly

Sound Ventures | NFT founders: apply by 4/21 to compete for a $1M+ investment
ERA | NYC founders: apply by 4/26 to ERAs Accelerator and get $100K
1863 Ventures | Black founders: apply to get a 3Rs $5K grant
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.

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