10.6% of all American households were accredited investors in 2020, which means almost 90% of Americans can't invest in Venture Capital. Who else thinks this is a problem worth addressing?
I am excited to announce that I have accepted the CEO role at
@twitter
. I want to thank
@elon
&
@jason
for their support & efforts to make sure that diversity is at the forefront of innovation at HQ.
What you can expect from me:
🧵1/
My sister in law had a heart attack on vacation and passed away. Here's what I didn't know about heart disease in (younger)women:
Heart disease now claims the life of 1 in every 4 women
It's the leading cause of mortality for women in the United States. 🧵 1/3
Motherhood makes having a startup look easy, that’s why women are better at them….
45% higher returns
65% more capital efficienct
2% VC = 14% of the unicorns
More diverse teams
Happy Mother’s Day 🥰
What are the🤯 ideas that founders are working on that will fundamentally change the way an industry operates?
I am talking about innovation, not iteration.
I understand I will be the most hated CEO in America and 2x because I’m a woman. No, I’m not having anyone’s 👶 nor do I have any interest in leaving 🌍. Mars is for quitters.
Let’s go 🚀
Saw my first 95-page pitch deck today. There were 11 white guys on the team slide, so I assumed it was all good and decided there was no need for diligence or concern.
A 15 & 19 year old raised a 20m venture fund from their private school bathroom and backseat of dad’s Range Rover.
I decided there was no need for diligence or concern.
Compiling a list of Angel investors and Funds that are investing in Web3 projects that are female founder friendly. Anyone I should make sure is on the list? ⤵️
International Women’s day is officially over. You can go back to eroding our bodily autonomy, paying us less, restricting access and funding less than 2%* of our startups.
I have heard from so many founders that someone else "never followed up," "never responded," etc. If you want something, you need to be the one to follow up. 100%. No excuses.
VC capital for female-led Startups:
2019= 2.7%
-21 new female-led unicorns reprt'd in 19
2020= 2.3%
-10 new female-led unicorns reprt'd in 20
2021= 2.0%
-? new female-led unicorns reprt'd in 21
Context:
Women founded 20% of startups in '19
Women founded 28% of startups in '20
By normalizing bro culture as an intrinsic part of tech culture, these are the results in 2022:
Women hold only 26.7% of tech-related jobs.
Women get paid less for the same tech roles 59% of the time
Women founders receive 2% of venture funding
Women are only 14% of VCs
Really passionate founders plan on having their startups last more than 10 years, which requires a plan for surviving and thriving in any part of the economic cycle.
Venture capital firms that increased the # of female partner hires by 10% saw, on avg:
•1.5% spike in overall fund returns each year
• 9.7% more profitable exits (an impressive figure given that only 28.8% of all VC investments have a profitable exit)
I’m constantly being asked why we only look at teams with a female cofounder. Here’s why:
According to
@PitchBook
“US startups founded solely by women raised nearly $1.5 billion in Q1, down 34% from the previous quarter.”
This will be the 3rd year in a row….
Venture Capital is about being a good steward of the $$$ entrusted to you to invest on behalf of families, institutions, charities and the government. When you invest it like a drunk, amateur poker player in Vegas, people are going to start demanding regulatory oversight...
She intentionally wore a black hoodie to federal court, but this is a 31 yo adult with 100m dollars.
@SBF_FTX
is also 31 & does the same. These are con artists and they’re dressing the part of an ignorant, kid founder. It’s a dangerous, fake PR narrative.
I started working on something in 2016 and it is finally coming to fruition. If you feel like quitting, understand that sometimes it’s just about persevering through the frustration, tears, setbacks, rejection and keeping at it.
Angel Investors:
If you are an actively investing angel or angel group, please drop a comment with industry, check size and where you liked to be reached. If you are part of a group, please drop a link to your group site! 😊
One of the most common things I hear about from young people and founders is the lack of financial literacy. As a parent, I found the best way to combat this is by having family finance be a collective effort. 🧵 1/ Here's how we do it👇
This is the time to double down on health tech for women & support female founders.
Here are a few Female-led startups in FemHealthTech:
@PandiaHealth
@HeyJaneHealth
@mavenclinic
Please add female founders building in the space⤵️
Fundraising is really tough right now. Check-in on a friend or portco and see how they're doing. I'm concerned for the mental health of founders right now.
🧵Here's a few tips if you are feeling anxious, overwhelmed or depressed:
Who are women in Web3 who want to dive in to the policy and regulatory side of blockchain and start actively engaging with elected officials? American women need a seat at the table early.
#womeninweb3
#WomenInCrypto
#blockchain
#womenintech
On international women's day, I am asking for a commitment from all the male check writers to meet with 5 female co-founded teams this year that meet your thesis, check size and stage👇
New CEO
@Twitter
role:
Free speech balanced with physical & psychological safety, especially of minors. A better user experience in your feed. Democratization of revenue thru blockchain(more to come)
🧵2/
International Women’s day is officially over. You can go back to eroding our bodily autonomy, paying us less, restricting access and funding less than 3% of our startups.
Why are institutional LPs giving DEI money to legacy funds that haven't invested in diversity ever? Like after 20 years of being sexist and racist, they all of a sudden care about diversity?
@zebulgar
There is this elitist mentality that the best talent is in SV. It’s actually everywhere. Same with amazing startups and founders in other markets. When you limit your talent pool to an over-priced geography, you miss talent, diversity and outsized returns for your fund & LPs.
When we lose someone to preventable health issues, I just wonder why the fuck we can't fix healthcare in a country where people are fighting over spending 43 billion dollars on software & using taxpayer money to send a guy into space in a dickrocket for 4 minutes?
Mars is for Quitters.
It started as an April fools joke, but led to over 1000 requests for tees & sweatshirts for fellow🌍lovers.
(Proceeds support early founders) kids sizes too!
@zebulgar
As a female founder who bootstrapped, here’s some perspective about distributed teams: We were able to find & get incredible talent in remote parts of the US, Germany & Turkey for what we could afford. They worked hard, felt appreciated & contributed their “whole selves.”
A commitment to our advertisers to have value-focused, stable and ROI a driven partnerships.
To employees: I encourage an innovative, open, diverse and supportive workplace focused on creating the best ecosystem for our users, advertisers and team!
🧵3/
@Jason
@Austin_Federa
Yes, it’s now in the red because the government forced them to prefund their pension liabilities and then started pilfering those funds to pay other gov. debts.
Some of the most innovative and interesting tech is coming from rural counties in middle America. If you’re looking only on the coasts, you’re missing out.
@MartinGTobias
VC is like when you bake cookies with your parent. They buy you the ingredients, you do the work to bake the cookies and then you share them if they turn out good.
But when you’re learning something new, we all make mistakes & most of the cookies end up in the trash
Female Founder's alert!!One of our Venture Fund Partners is hosting a Pitch Day for International Women's day. If you are a female founder interested in a warm referral or tag a FF you know is raising here⤵️
And then DM me
Sending a few random gifts out for the holidays. If you are a female founder that follows me, drop a gif that represents your organizational style to enter👇
If you’re a founder and you’ve heard a “preseed” investor tell you that they don’t invest in pre-revenue or pre product companies, it’s not you. You are not the problem.
Founders need to build community, not network. You always need a tight group to be:
A sounding board
Answer 'dumb' questions
Make an intro
Be wise counsel
Cheer you on
At least 1, who is willing to bail you out of jail(especially important if you're selling tokens) 😉
If you use k-cups or Nespresso, you are not an environmentalist. That plastic isn’t getting recycled. Also, you’re drinking hot liquid that was poured through toxic petrochemicals & leaches micro plastic particles into your coffee…. Facts 👇🧵1/
Hey mama,
There are a lot of families struggling right now and it’s getting cold out. When you clean out kid’s too small jackets, sweaters, hats & gloves, instead of giving them to goodwill(to sell), give them to your local foster care agency or family shelter.
I post this as a nudge for all the investors at
#SXSW
If a female founder asks you for 5 minutes of your time, please listen. It’s 5 minutes that if nothing else, you made someone feel heard or maybe you found the next 🦄 …
group effort to 3+
VC capital for female-led Startups:
2019= 2.7%
-21 new female-led unicorns reprt'd in 19
2020= 2.3%
-10 new female-led unicorns reprt'd in 20
2021= 2.0%
-? new female-led unicorns reprt'd in 21
Context:
Women founded 20% of startups in '19
Women founded 28% of startups in '20
@tmrohan
This is why only 2% of funded startups are female-led teams. This is one of the core problems. If your job is to talk to startups, then get in the weeds and talk to startups.
Bank of America fines:
$250 million in 2023 for consumer abuses
$225 million in 2022 for disbursement violations
$727 million in 2014 for illegal credit card practices
$16.65 billion in 2014 for financial fraud
Why aren’t more people talking about this?
People should be concerned that smaller banks that support emerging businesses and innovation just got swallowed up by the big 4. Consolidation in banking does not help the economy, businesses or 91% of Americans.
Startups can't afford to be slow. Large competitors have more money, resources, data, experience and talent. However, they generally lack the ability to move quickly, so go fast....
I'm just throwing this out to the Twittersphere. We have almost 200 RSVPs for our female founder event on the 2nd & have way exceeded our max cap for the current event locale. If anyone has space for 200 phenomenal women in tech on 11-2, please LMK
#womenintech
#sf
#sftechweek
Curious why more people aren't advocating for being a small check LP in emerging funds? Early funds have the highest returns, diversify risk across multiple investments, manage due diligence & reporting and have a better chance of capital return. Happy to Chat about this more.
@AngeZanetti
Both have advantages/disadvantages.
Startups have a failure rate around 90%:
- 42% fail because they have no product/market fit
- 21.5% fail in the first year
- 30% in the second year
- 50% in the fifth year
- 70% in their 10th year
The reasons are: