Sri Varre’s Post

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Investment Analyst @ Pivotal Ventures | Social Impact Strategist | Building Community Through Equitable & Inclusive Programming | TEDx Speaker

Female-founded companies in the U.S. raised 26.1% ($44.4 billion out of the $170.59 billion) of all venture capital allocated last year, which is a major increase from the 18.2% in 2022. However, all women founding teams raised around $3.1 billion or 1.8%, which is the lowest its been since 2016 (1.6%). (cc: TechCrunch | Dominic-Madori Davis) I wish there was a fundraising playbook that guaranteed female founders, especially WOC, more venture capital, more exits, more IPOs, insane growth and brand partnerships, etc., but it is a systemic issue that will take a multi-pronged approach to solve. Here's some tangible advice from founders that have raised and investors that want to help close the gender funding gap: Fundraising Ins & Outs | Arra Malekzadeh Takeaways: diligence funds as much as they diligence you & ask for founder references before accepting term sheet 🔗 https://lnkd.in/d57MVawW Best Advice for Female Founders from Founders of poppiLittle Words ProjectSoulCycle Inc.Ami Colé | Female Founder World Takeaways: focus on building IRL community, ask for help from your customers, don't read all books - stay up to date on latest trends and news within your industry 🔗 https://lnkd.in/dNv4jh8b How to Negotiate a Term Sheet | BBG Ventures | Perkins Coie LLP Takeaways: find value-add investors, share hiring plan with investors, have convos about pro rata rights before signing, understand the impact of your board structure 🔗 https://lnkd.in/d6qETpeQ How I Raised $5.7MM | TALA | Grace Beverley Highlights: when is the right time to raise capital? hardest financial questions you asked? what qualities to look for in potential investors? 🔗 https://lnkd.in/dKntM3ik How I Raised $1MM | Rella | Natalie Barbu Highlights: how long did it take to close the round? utilizing university alumni & entrepreneurship programs 🔗 https://lnkd.in/dXyn9Ydx Walk Through Pre-Seed Pitch Deck | BEHAVE | Mayssa Chehata Highlights: food & bev specific metrics, case study of adjacent brand with similar approach but in different category 🔗 https://lnkd.in/dbruj-ey How Checkmate Raised $15MM With This Pitch Deck | Nichole Wischoff 🔗 https://lnkd.in/ddgR5nHU Guide to Building Your Seed or Series A Fundraising Deck | M13 Takeaways: slide titles alone should be able to tell your startup story, start with a growing problem, use action words, be definitive, financial projections should be optimistic but realistic & understand what “good” looks like 🔗 https://lnkd.in/d7nxzD6S Why Ashley Graham Invested in Knix | Joanna Griffiths 🔗 https://lnkd.in/de_MNNBf Active Consumer Investors | Beauty Independent | Rachel Brown Key Takeaways: beauty M&A is hot, beauty surpasses economic downturns, a lot of innovation at the intersection of beauty & wellness Investors: Manica Blain, Tina Henry Bou-Saba, Rachel ten Brink, Laura Lucas, Amanda Schutzbank, and more! 🔗 https://lnkd.in/dpA6iihX More Consumer Investors | jack mcclelland 🔗 https://lnkd.in/dWPam9xR

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Sri Varre

Investment Analyst @ Pivotal Ventures | Social Impact Strategist | Building Community Through Equitable & Inclusive Programming | TEDx Speaker

6mo
Sri Varre

Investment Analyst @ Pivotal Ventures | Social Impact Strategist | Building Community Through Equitable & Inclusive Programming | TEDx Speaker

5mo

Another great one - How Emma Bates and her team Diem raised $3.7MM There's a great breakdown of the timeline and strategy Emma and her team used throughout the fundraising process! https://www.inc.com/magazine/202312/sarah-lynch-/how-a-first-time-founder-raised-37-million-by-treating-fundraising-like-a-game-of-strategy.html

Patrick White

Sales Strategy & Operations at DoorDash

6mo

thanks for sharing! curious what the conversion is - i.e. was the pitched amount by females in line with the funded amount or no? im guessing no but would be interesting to see. if women are pitching 26% of deals and getting 26% of funding - great! if pitching 50% of deals and getting 26% of funding - bad!

Peter Dolch

Technologist | Entrepreneur | Founder | Advisor | MIT | Sloan | Co-founder MySideKick | Founder MIT Female Founders Pitch Competition | Chairman MIT Sloan Club of NY

6mo

Thanks for this Sri Varre. For anyone in the NYC entrepreneurial ecosystem who cares about these issues, our MIT Female Founders Pitch Event event on March 14 at Deutsche Bank Center is trying to help. In addition to the pitch competition we have amazing panelists and entrepreneur roundtables (including Stephanie Campbell from The Artemis Fund , Victoria Grace from COLLE CAPITAL and may others) as well as after-event networking with VCs and entreprneurs in attendance. See here for info and tickets: https://www.mitfemalefounders.com/. You can reach out to me directly for a discount code if you'd like to attend.

One more to add! Applications are now open for the Graham & Walker Catalyst! The Catalyst is a fee, virtual, 3-week, highly selective fundraising-readiness program for pre-seed women and nonbinary founders. Forbes recently highlighted the Catalyst as the program to help female founders “start thinking and talking like insiders—decoding what is happening and giving them a massive leg up.” Learn more and apply here by March 14th: https://grahamwalker.com/catalyst/ and let them know Sri referred you!

Julianna Lembeck

Founder & CEO at taurus

6mo

Dana Solomon now *this* is what I was talking about when I said I prefer to focus on what *is* getting accomplished for women and their businesses. A good one to check out ⚡️

Katarina Terentieva

Founder, Off The Record | The Internet's Creative Director with 1M+ TikTok Likes | Fractional Head of Creative

6mo

As a DTC founder considering fundraising in the future, this is so helpful! Appreciate you for sharing this Sri!!

Rachel Brown

Editor In Chief at Beauty Independent

6mo

Such a great rundown! Thanks for including us Beauty Independent!

Mayssa Chehata

Founder, BEHAVE Candy

5mo

Thanks for this post and including me! I had no idea when I made that Tiktok how many people were looking for these kinds of resourced - I'm so glad it's proven helpful 😍

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