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So what is driving the new energy in the remaining venturecapital firms when we kept hearing how much the whole industry was “against the ropes?&# … 1. note: there is one rare exception – in 2006 Sevin Rosen declared that VentureCapital was broken and actually returned money to their LPs !
I’m writing this post as part of my series with Advice on Raising VentureCapital but will file it under Sales Tips as well since it applies equally to both scenarios. I’ve experienced this in many sales meetings I’ve made and unfortunately in many VC pitches I made. Congratulations. Sometimes that works.
In a recent episode of TechCrunch Live (formerly Extra Crunch Live) , Sequoia partner Stephanie Zhan and Nick Fajt, founder and CEO of socialgaming platform Rec Room , explained what the venturecapital firm looks for in consumer-facing startups. Love is the answer.
This year, investors pumped a record amount of venturecapital into the world’s startups: In Q2 2021, VCs invested $156 billion, upping that to $158 billion in Q3. Stephanie Zhan walks through the Rec Room pitch deck that won Sequoia’s investment. Getting the details right in your pitch deck. Image Credits: Rec Room.
But despite my privilege, I’m also confident that my Black heritage made it more difficult for me to raise venturecapital. Today — and the data proves this — if you are a white male, you have an unfair advantage when looking to raise venturecapital. I was mostly pitching white male VCs. Image Credits: Supplied.
In a statement, MVM said the funding will expand its efforts to build “Africa’s largest gaming DAO and provide gamers with access to world-class opportunities.”. Meanwhile, MVM said it is building a soon-to-launch socialgaming app, Hyper.
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