🧨 The Great Wealth Transfer is here, explosive early-stage funding, investor lists, $7M+ in funding opportunities, and more
A bi-weekly newsletter of curated actionable resources for underestimated founders, funders, and friends.
Welcome to Lolita’s Newsletter! We share curated actionable resources for underestimated founders, funders, and friends. We are at 9,559 members. To give or get access to exclusive founder content, office hours, our Slack community, and get your pitch deck reviewed become an annual subscriber.
COVID resulted in a recession but also added $13.5 Trillion in wealth; 70% of the gains went to the top 20% of earners and a third went to the top 1%. We need to work on financial equality. The Great Wealth Transfer has kicked off and it’s estimated that older generations will transfer $70 Trillion between 2018 to 2042. Expect increased financial risk-taking from heirs and more investors for founders, emerging managers, and beyond.
On a personal note, working on ourselves is hard. Just last week, my Recast Enablement Program Executive Coach challenged me to care only for Choco (my pup) and myself for 7 days. It made me cry, feel sad, and anxious. But, on the bright side, I feel stronger because I now know I need to:
address PTSD/Racial Traumatic Stress
embrace a shift from biculturalism to transculturalism
figure out how to live out my indigenous culture of communalism (community is in my roots) in a country that demands we live and succeed as individuals
If you feel uncomfortable with any or all of the topics listed above, you’re not alone. Josh and my mom felt discomfort too. In fact, it got Josh to think about his White Fragility and his role in a world where White Supremacy reigns. My mom came to terms with the fact that she pushed me, as a child, to assimilate to American culture (and put aside my Mexican and Indigenous culture) so I would be accepted and have a shot at the American dream. Breathe. There’s much to unpack there but the one clear takeaway is that talking about culture made us feel vulnerable and closer to each other.
We all have our differences but they don’t have to pull us apart. They can bring us together and help us, as a community, be the change we want to see in the world.
Community culture fam: If you’re in the US, I feel for you and want to remind you that it’s not weird that you prioritize being generous and helpful to others (no, it doesn’t mean you have a savior complex). Examples of countries with a collective culture include Japan, China, Korea, Taiwan, Venezuela, Guatemala, Indonesia, Ecuador, Argentina, Brazil, and India.
Individualism culture fam: I ask you to consider that those of us whose original culture is not of individualism struggle with conflicting values and appreciate your mindfulness of multiculturalism. Examples of countries with an individualistic culture include the United States, Australia, United Kingdom, Canada, the Netherlands, New Zealand, Ireland, Germany, and South Africa.
PS Choco got extra treats, walks, cuddles, and a new squeaky duck toy. Also, Gen Z is using TikTok for resumes.
ICYMI
: Made the
DTC Magazine
Most Influencial People on Twitter List. Mentioned in
CBInsights
and
WSJ
.
Startup-Investor Matching Tool
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Congrats
Miguel Fernandez raised $125M for CapChase. Renata Quintini and Roseanne Wincek raised $100M for Renegade Partners. Stacey Abrams and Lara Hodgson raised $9.5M for NowAccount. Joanna Smith raised $8M for AllHere Education. Martina Welkhoff and Amy LaMeyer raised $5M for The WXR Fund. Danny Miller raised $3M for Spora Health. Richie Serna and Finix launched the Cap Table Coalition. Michelle Kennedy and Peanut launched the StartHER Fund.
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Funders
Both Sides | Emerging managers: 3 questions you should know the answers to
Forbes | Emerging managers: here are programs to get you to the next level
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Founders
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Money
Meda | Founders of color: apply for a $1M pitch competition by 7/11 @ 8pm CT
Instacart | Black CPG founders: apply to participate in a $1M advertising initative
iFundWomen | Female entertainment founders: apply for $10K grants
Lightship Capital | Founders: apply to Twitch Pitch for $5K and Amazon credits
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
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