Finding the founders of tomorrow

Supporting underrepresented founders through mentorship, network access, and funding, and highlighting the importance of addressing unconscious bias, recruitment, and retention to create a more inclusive VC industry.

Key takeaways
  • The VC industry is risk-averse and not invested in changing its approach to underrepresented founders.
  • Even with a strong team and successful business, underrepresented founders may struggle to access capital due to unconscious bias.
  • The goal is to change the industry to support underrepresented founders and encourage more success stories.
  • Overlooked Ventures provides support through programs for underrepresented founders, including mentorship, access to network, and funding.
  • The industry needs to change on the investing side to support change on the side of underrepresented founders.
  • Women and people of color face unique challenges in fundraising, including unconscious bias and lack of representation.
  • Underrepresented founders may not have the same opportunities to build relationships and connections as their male counterparts.
  • The industry must address issues such as recruiting, onboarding, and retention to create a more inclusive environment.
  • It is important to have a diverse pool of candidates to invest in, as they tend to outperform.
  • Unconscious bias can be overcome through education and awareness.
  • The industry will need to make a concerted effort to change its approach to underrepresented founders to achieve meaningful progress.
  • The going gets tough for underrepresented founders, and they face unique challenges in scaling their companies.
  • It is crucial to provide support and resources to underrepresented founders to help them overcome these challenges and achieve success.