VC Funding To Black-Founded Startups Slows; The Viral Spiral; Happy Juneteenth!
Welcome to Issue #97 of For Colored Girls Who Tech, a weekly newsletter for Black and Brown women (and our allies) highlighting entrepreneurship and venture capital in the tech ecosystem. Feel free to reach out if you’d like to partner with us or share stories, tips, or questions. If you enjoy our content, we encourage you to like this post above and share it with your community!
The Future of Crypto Native Consumer Products, Part 2: Messaging
-Mercedes Bent / Lightspeed Venture Partners
How Founders Decide What They Should Get Paid
-New York Times
VC Funding To Black-Founded Startups Slows Dramatically As Venture Investors Pull Back
-Gené Teare / Crunchbase
Post Great Resignation, Individuals are Reimagining Work
-Brianne Kimmel / WorkLife VC
Head of? Director? VP? How to live with title inflation
-Allison Levitsky / Protocol
OPPORTUNITIES, FUNDING & COMPETITIONS
American-Made Solar Prize Kicks Off Round 6. The Sixth Round of Competition Offers $4.1 Million in Prizes for Those Ready To Revolutionize the Solar Industry. Submissions open.
Ulta Beauty launches The MUSE Accelerator. The accelerator will offer eight BIPOC beauty brands within its early stages the opportunity to continue their growth towards retail readiness and success. The successful applicants will receive $50,000 in financial support to propel their early-stage BIPOC beauty brands. Deadline June 30, 2022.
BIG Pre-Accelerator 2022. Apply if you are a Latina or Black woman pre-revenue founder, you have started to build your Commerce and Technology Startup or MVP and you want to take your tech-enabled business to market. Due June 26, 2022.
Ingredients for Success Grant Application awards $50,000 to three entrepreneurs. Along with the monetary award, winners will receive the necessary resources and tools provided by the NBCC to drive sustainable growth and success. Apply by June 26, 2022
UPCOMING (VIRTUAL) EVENTS
Emerging Leaders in Tech and Venture Capital by Switch at COLLISION CONFERENCE, June 21, 2022.
Investing into new & alternative asset classes: Sustainable ETFs, Crypto & web3, Venture Capital, Rare & Luxury Goods by Future Females, June 22, 2022.
Raising Money for the Metaverse, June 22, 2022.
Africa Next E-Pitch Session connects African investors’ best portfolio companies to international investors looking for co-investments from 1 to 10+ million euros. The session will showcase some of the most promising African start-ups selected by top African VCs and accelerators. June 23, 2022.
BLKtech Pitch Competition Finals hosted by 1871, June 23, 2022.
Financing Underrepresented Founders by Impact Shakers in Brussels, June 28, 2022.
ON OUR RADAR
Black Gen Z VCs are here and swinging for the fences.
Sequoia has posted three more decks on leading through tough times, how to extend your runway and how to do forecasting and scenario planning.
The Viral Spiral.
PEOPLE / ANNOUNCEMENTS
UKtech50 2022: The longlist of the UK's influential tech leaders.
Wesley Chan and Pegah Ebrahimi have raised $450 million for a debut fund that launches their venture capital firm FPV.
InspiringFifty Europe 2022 award recognises the top fifty women excelling in tech careers across Europe.
Launch Africa Ventures announced the close of its $36.3 million fund, which it has primarily used to invest in B2B and B2B2C startups across Africa.
Apis & Heritage Capital Partners (A&H), an emerging Black-led investment fund, intends to raise $50 million to build its pipeline of acquired companies to help close the nation’s racial wealth gap.
Isaac Barnes, a 39-year old founder and President of Eminent Future, a Black-owned tech firm has been awarded a $13.4 billion dollar defense contract with the U.S. Airforce and the U.S. Spaceforce.
A heartfelt thank you for reading and see you next week!
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