So many wins for the culture in this one (so slightly longer than usual). Finally attended Fearless F
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June 10 · Issue #101 · View online
Your weekly newsletter on minorities in tech, venture and entrepreneurship đź’« http://andyayim.com
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So many wins for the culture in this one (so slightly longer than usual). Finally attended Fearless Futures training on Power, Privilege and Inequality. My two wishes was that it should have been longer than just a morning, secondly the attendees wanted to be there but the biggest impact would have been on those who didn’t attend. On that note, you can sign up for the next one on 12th July: HERE
I haven’t written a blog for a few months now. Need some inspiration, feel free to send me topics and things you want to hear about.
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LendStreet raises $7M in Series A + $110M in debt financing to scale consumer debt restructuring platform - Cross Culture Ventures
LendStreet raised $7 million in Series A funding led by Prudential Financial Inc and Radicle Impact. LendStreet also raised $110 million in debt financing from Prudential and Community Investment Management. Prudential and Radicle join LendStreet’s existing investors Accion, the Center for Financial Services Innovation (CFSI), Serious Change, Crunchfund, Kapor Capital, and Cross Culture Ventures in participating in the round.
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PlayVS, bringing esports infrastructure to high schools, picks up $15 million – TechCrunch
PlayVS, the startup building esports infrastructure at the high school level, has today announced the close of a $15 million Series A funding round. The financing was led by New Enterprise Associates, with participation from existing investor Science, as well as CrossCut Ventures, Coatue Management, Cross Culture Ventures, the San Francisco 49ers, Nas, Dollar Shave Club founder Michael Dubin, Twitch cofounder Kevin Lin, and others.
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#Backstage100 The Story
Great micro site covering the achievement and story to date of Backstage.
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Guidelines for VCs Writing Discrimination & Harassment Policies
By Freada Kapor Klein, cofounder of Kapor Capital. “A policy should reflect your firm’s values and the situations that arise in your particular practice ”
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Backstage Capital has invested in 100 startups
As of this week, the firm has invested in 100 companies with at least one founder who is a woman, person of color, or LGBT.
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🇺🇸 Andrew Chen on Twitter
“1/ Startup advising is broken. We all know it. Entrepreneurs aren’t getting the value they want, nor are advisors. Instead, it turns into a series of dormant relationships where people are vesting way too much equity for no reason. We need to fix this!”
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Process and Leverage in FundraisingProcess and Leverage in Fundraising – Y Combinator
In running our Series A program, we uncovered a way to materially influence the leverage a founder has in any round: process. For those raising, a YC post emphasising the importance of running a fundraising process.
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This is what it feels like to be black in white spaces
Black people experience discrimination every day – it’s knowledge inaccessible to white people and, when confronted with it, most are incredulous
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Companies with underrepresentations of certain groups (POC, women, disabled folks etc) doing surveys to know if their culture is inclusive is kinda silly. By definition it will be largely inclusive to the mainstream groups because they are already there.
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12:09 PM - 8 Jun 2018
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Should Your Startup Have an Advisory Board? – Both Sides of the Table
This is part of my ongoing series Startup Advice. Many startup companies hire advisory boards. It’s very tempting. It’s mostly done by first-time entrepreneurs who want to persuade (bribe?) prominent…
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Handoff - Automatically turn designs into code, specs and assets for developers | Marvel
Marvel have launched Handoff - automatically turn designs into assets, specs and code for development teams.
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