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Yet, as most seasoned entrepreneurs will attest, the reality is far more complex and challenging, particularly when you decide to bootstrap your business. Instead, it began with 15 years of hands-on learning in capital markets, working closely with entrepreneurs, investors, and bankers. The early years were grueling.
It was 2009 and it was terribly difficult to get any financing (if you can remember a time like that!) and I thought if we brought the community together for common purpose we could create more of a sense of community to help new entrepreneurs get funded, assemble teams, raise profiles and help with biz dev, product, etc.
Our 3rd fund began investing in March 2009 (raised in 2008) and our 4th fund started in April 2012 so this fund will naturally begin investing around March / April 2015. As I like to say when asked, “For entrepreneurs you generally need to go to 2-3 cities max and probably pitch 5-15 investors. Was it hard to raise the fund?
What you want, however, is to increase the chance that such a founder winds up in your locale—that not only is it routine to find such a person, but there’s also a path for well meaning, aspirational folks just starting out their career to grow into that founder through learning, experience and mentorship.
The idea is simple enough: several female VC partners at top funds will hold 1-hour meetings with 40 promising female entrepreneurs looking to get advice on their business and pitch in a friendly, non-judgmental, safe environment. Dan talks about a landmark case in 2009 that involved whether it was legal to strip search a 13-year-old girl.
Just two years later, in 2009, we worked out a deal to create the Techstars Seattle program, with our first program running in 2010. From the beginning, we were deeply committed to Techstars’ “give first” ethos and mentorship-driven approach to startup investing.
In the long term, there needs to be foundational change to level the playing field for women entrepreneurs. of the funding raised since 2009, while Latinx female founders saw only 0.4% It’s also worth noting that women VCs are not only more likely to invest in women-founded companies, but also those founded by Black entrepreneurs.
Community organizations like Shine & Rise provide support and mentorship to women who work at tech companies, and coworking spaces like Cahoots offer dedicated tech entrepreneurial spaces for the community. Founded in 2009, Duo Security has grown into one of the top tech companies in the Midwest—and the country. Duo Security.
They’ve partnered with TechStars, ID Ventures, Lofty Ventures, Wayne State University and Precursor Ventures, which gives them the mentorship and funding to scale. ToDoolie is a Detroit-based startup whose app allows homeowners to hire in local young people for help around the house. Apply now to ToDoolie. . FutureBank. They have raised $10.7
By Shawn Johal, an entrepreneur, business growth coach and member of the Entrepreneurs’ Organization (EO) in Montreal, Canada. . What is mentorship, really? The company I had co-founded in 2009, DALS Lighting, was thriving and we would soon have over 40 members on the team. The thing is: I am an entrepreneur.
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