I grew up poor & underestimated. My 1st home was a garage & ppl used to tell me that I'd be a HS dropout w/kids & on welfare.
At 33, I'm
#childfree
, have a BA/MBA, +10 yrs in a solid tech career & I invest in underestimated tech founders at
@Backstage_Cap
.
All is possible.
💰Early-stage women investors: there are founders looking to add more of us to their cap tables but don't know who we are. Leave your deets for them to reach out.
💁🏽♀️Investor type
🔮Thesis
🌱Stage
💸Check-size
🌎Geo
✉️Contact
I grew up poor. My 1st home was a garage + ppl used to tell me that I'd be a HS dropout & on welfare.
At 34, I have an MBA + 12 yrs in tech. I'm working on my dream, a world where tech is created + lead by our pop's diversity, as CoS
@catalyte_io
+ investor
@nextgenvp
.
Dream.
💰Founders: here's an airtable with pitch decks from startups that have successfully raised capital. It was last updated a year ago, but it can still serve for inspiration.
📚 Founders: While I figure out how to make LaaS (Lolita as a Service) a reality, I thought I'd create a "how I can help you" map. The goal: help you, help me, help you in a more scalable way.
Founders: what's in your pitch deck? Here are my must-haves:
✨Vision
💵Market size
☹️Problem
😊Solution
🏰Competition/differentiation moat
📝Go-to-market/business model
📈Traction/financials
🗺Roadmap/milestones to achieve
👛Fundraise/use of funds
👩🏽🎤Team/advisors/investors
🤔 Asking for a founder: My startup is pre-revenue. Every time I've approached investors who invest in pre-rev cos they've responded with something along the lines of, "sounds like a great idea but you're too early for us." What investors actually invest in pre-rev startups?
💁🏽♀��Aspiring VCs who, like me, didn't come from money: today I was asked about my journey into VC and I want to share it with you. Why? Bc no matter what anyone says, I want you to know that it is very possible for you too to become an investor. /1
🤔 Founders and investors: a reporter just reached out to get recommendations of badass early-stage female founders they should build relationships with. Who would you recommend?
No self-promotion please.
🥳AWESOME NEWS! Today
@srcasm
+ I soft-launched The Community Fund, a $5M fund focused on early-stage community driven-companies. Yeah, I'm a GP now! Thx all. 👏🏽👏🏽👏🏽
And, we’re looking for founding members for our investment team! Learn more + apply.
/2
🥳 BIG NEWS! I launched
@ganasvc
, an early-stage fund investing in Web 2 & 3 community-driven cos in the US & LATAM.
And bc we want to create generational wealth in community, I want to invite you to invest & join the Ganas LP fam!
Learn more 👉🏽
👋🏽 Hi! I'm the child of Mexican immigrants & grew up in the hood. My parents taught me to dream. Our community taught me the strength in
#s
. Now, I invest in community-driven cos & aim to create generational wealth in community.
And, here's how I can help
🤩Yay!
@Josh_Taub
& I are off to Latin America for a year! We're excited to explore, meet the twitter fam & back future unicorns!
Nov-Jan > 🇲🇽 Mexico
Feb > 🇨🇱 Chile
March-April > 🇦🇷 Argentina
May-July > 🇧🇷 Brazil
Aug-Oct > 🇨🇴 Colombia
📣 Pre-seed and Seed investors actively writing checks through the end of this year: share your deets for founders to pitch you.
Stage:
Thesis:
Criteria:
Geo:
Check-size:
Contact:
🤩 It's an honor to have
@NasdaqExchange
feature me and
@ganasvc
as first movers in supporting equity in venture capital!
🙌🏽 Thank you to the Nasdaq team and our community. It's going to take all of us to shift the needle. Let's go!
📸
@GS_VCactivist
🥳Latinx founders: I'm excited to share a guide I made for you!
Inside
💪🏽overview of our ecosystem
🤩founders + startups to watch
💸investors
📚resources
✨+ more!
PS I want to invest and support more Latinx founders.
Founders: What's in your investor updates? Here's a sample of what I like to see
🙏🏽Asks
🤝Customer/Partnership Wins
✨Traction
- Product
- Sales
📈KPIs
- Acquisition
- Activation
- Retention
- Referral
- Rev
💰Financials
- $ in the bank
- MRR
- Burn
- Runway
👩🏽💻New Hires
📰Press
Get it! 👊🏻👊🏼👊🏽
You don't have to graduate from an Ivy League school, and work at a particular place, and get an MBA to start a billion-dollar company.
@jennifer
@away
🥳 Community-driven founders: surprise! I have a 200+ Community-Driven Founder Resources Guide for you. This is to help you succeed on your startup journey. The guide is created by and for the community.
You can get it here:
🚨 First-time founders: create your own first deck. Do not fall for predatory "consultants" that ask for thousands to do it for you. You cannot outsource your business.
🤦🏽♀️A founder this AM told me that he was charged $10K for a deck. This is not right.
💰 Active investors (those not pausing & deploying capital despite the market), share your details below so founders can pitch you!
💁🏽♀️Investor type: Angel, VC, FO
🔮Thesis
🌱Stage
💸Check-size
🌎Geo
✉️Contact
Underestimated founders: I want to help you get noticed by investors + I just had an idea.
Reply to this tweet w/👇🏽 + I'll RT tomorrow.
🐦Co handle
🌱Stage
🔨Problem you're solving
✨What's your product/service
📏Market size
💰Pre-revenue: Yes or No
🌎Country
#twitterpitch
😢Watching the debate w/my mom. She just turned to
@Josh_Taub
+ me and said, "when Lolita was a baby the border patrol tried to take her away from me. I cried and held on to Lolita and wouldn't let them separate us. They kept me in a room for 2 days + only gave us a blanket."
😅🎉 For the last few weeks, I was worried that I had intestinal cancer. Today, I got the results from my biopsies and it looks like I just have parasites 🦠. Taking antibiotics and so happy I don't have to worry about cancer, again. Yay!
🤩 Women founders: share your deets so we can all follow, celebrate and get you some investor love!
🦄 Co: [add your company handle or url]
🌱 Stage: [e.g., pre-seed]
📍 Country: [e.g., US]
🙌🏽 Team: [add handles]
📝 Blurb: [Co description]
💰 Fundraising: [Yes or No]
🙄 I was triggered today by a successful founder/investor who told me they don't pay themselves; insinuated that I shouldn't either; & then, back-peddled, after I told him that I both 1) believe in paid work & 2) have to make $ to pay my team + bills. Check your privilege.
🥳Yay!!! Just got off the phone with a founder who told me she's getting a check from an investor she connected with through the Startup-Investor Matching Tool.
💰That check brings us to 7 checks written to founders in the 3 months the tool has been around.
💰 Founders: if you're fundraising, share your deets so investors can reach out!
🦄 Co: [handle/url]
🌱 Stage:
📍 Country:
📑 Structure: [e.g., Del C Corp]
🤩 Team: [handles/urls]
📝 1-liner: [description]
🙌🏽 Has a community? [Y/N]
🙋🏽♀️ Has an underrepresented founder? [Y/N]
🤔 Asking for a founder: can we force a VC off our cap table if after first investing $100K of a $1MM commitment, he lies to us for 52 weeks straight that the "rest of the money is coming next week?"
💰Pre-seed and seed investors: there are underrepresented founders looking to add us to their cap tables but don't know who we are. Leave your deets for them to reach out.
💁🏽♀️Investor type:
🔮Thesis:
🌱Stage:
💸Check-size:
🙌🏽Leads or follows:
🌎Geo:
✉️Contact:
💰 An awesome LP is looking to invest in female-led emerging funds that are intentional about investing in female founders. Who should she check-out?
No self-promotion please.
Why are so few VC dollars going to underestimated founders?
🙄 Nepotism
🙅🏽♀️ Lack of meritocracy / old-school pattern matching
👎🏻 Homogeneous pool of investors
👁 Inability to see opportunity in problems/solutions observed by underestimated communities
💩Discrimination
/1
🥳 Founders:
@srcasm
and I are excited to launch
@thecommunityvc
, a fund investing in early-stage community-driven companies, alongside our incredible investment team! Help us welcome them and say hello!
Read more:
Visit us:
/1
🎉Woo! Dollars raised by women-led venture capital funds are up 59%, year over year. There’s still a long way to go but I want to take a moment and celebrate this.
🤔 VC friends: some investors say they pass on startups bc "they don't have A+ teams" which is fair until you notice there's noticeable pattern matching bias that leave underestimated founders at a disadvantage.
🔑 What objective criteria do you use to identify an +A team?
🤩 Women emerging fund managers: share your deets so we can all follow, celebrate and pitch you.
🎯 Thesis:
🌱Stage:
🌎 Geo focus:
💰 Check-size:
🔗 Contact:
🤔Asking for a founder: I raised a $2M seed round. All investment docs signed. The lead investor committed $1M, and filled the round with other VCs. When I closed the other money, the lead investor only sent $50K. What do I do? Sue?
🤔 Is anyone working on connecting underrepresented small check writers ($1K min) to founders who want diversity on their cap tables?
I'm getting more & more invites to invest + I don't want to hoard them - esp bc I want to see more of our community writing checks to 🚀 cos.
I'm noticing a pattern in a subgroup of people who only reach out when they want something. I like people who care for humans (🙋🏽♀️), give and take. So, I'm starting a "they are takers, ignore them" list.
Update: Startup-Investor Matching Tool
💁🏽♀️ 499 diverse founded + led cos
💰 170 pre-seed to series b investors
🌎 6 continents
💸 6 investments made
Founders: learn more + apply to get access to investors + capital that match your co stage and sector 👇🏽
🤦🏽♀️"My $3.5M fund was the 2nd largest 1st-time fund by a Black woman VC in America ever. Contrast that to the largest debut fund by a white man, clocking in at $1.3B + you start to understand how big the chasm is."
@sarahkunst
via
@AllRaise
@AleezaHashmi1
😅 So,
@KauffmanFellows
did not admit me to their program. On the bright side, I no longer have to worry about covering the $80K for the program.
✨ And le continuarémos a echar ganas, chin up.
🔥Active investor allies: share your deets in the thread, if you're open to investing in founders WITHOUT a warm intro (and have done it before).
💁🏽♀️Investor type
🔮Thesis
🌱Stage
💸Check-size
🌎Geo
✉️Contact
👋🏽VC friends: underestimated founders targeting underserved markets often hear "your market is too niche" or "too small" because mainstream investors don't see the market potential.
🤷🏽♀️How would you advise underestimated founders to plead their case?
🤔 Asking for a founder: our startup has a few months left of runway (thanks to a personal loan I took out), our latest pivot isn't working out, fundraising isn't going well, and I'm not paying myself. Do you have any advice on whether I should keep going or close up shop?
It is my great honor to announce that Lolita Taub has joined Backstage Capital as an Investment Principal💥🦋Please join Christie, our Crew, Headliners, LPs and I in welcoming her to the family!💯
@LolitaTaub
@Backstage_Cap
@imchristiepitts
📚Underestimated founders + investors: what do you think about community-driven cos?
In this thread I explore:
🤔 What makes for a community-driven co
🥳 The benefits of community-driven cos
✅ Community must-haves
🧰 Tactics to build community
🙌🏽 Community-driven cos
/1
🤯 The Startup-Investor Matching Tool is really enabling intros between investors and underestimated founders!
Updates
🥳We're 3 months old!
👩🏽💻240 intros have been made
🦄901 startups
👩🏽💼336 investors
💸7 checks written post-intros
🙋🏽♀️I'm a first-gen Latinx investor/operator/speaker going on 14 yrs in tech on a mission to create a 🌎 where tech is created by and for the diversity of our population.
Reach/o for investment/speaking + other inquiries:
🤔 Asking for a founder: I'm a pre-seed founder looking for a corporate lawyer that can help me with questions on cap tables, equity, and exit dynamics. What startup lawyers do you recommend I reach out to?
😔 Feeling down today because I wish I could do more, I'm having some health issues, there's been an increase of people who want to use me, and I'm really over COVID life.
🤔Asking for a founder: I’ve read where unethical VCs have stolen what they learned about a business and gave the information to competitors. As a founder how can I protect my company?
Let's reimagine what investors look like and what companies we invest in for outsized returns.
#ThisIsTheFaceOf
of a 1st-gen Latina from the hood who launched her own VC fund (
@thecommunityvc
) & believes in investing in underestimated founders.
h/t
@MacConwell
🤔 As a content creator, I'm always looking for new platforms and tools I can use to improve, monetize, and distribute my work.
🤷🏽♀️ What startups are serving content creators that I should check out?