Jacob Kaplan-Moss

4 items tagged “vc”

📌 Investors and startup founders think tech’s diversity problem will solve itself | Caroline Fairchild | Pulse | LinkedIn #
📌 - Thisisgoingtobebig.com - Paul Graham and The World Out There

“My own track record as a VC across First Round Capital and Brooklyn Bridge Ventures actually starts in January of 2010, *after* the Airbnb class of Winter 2009. I’ve closed on about 20 early stage investments and, by comparison, 5 of my investments are now worth $40 million or more either via financing or exit (with three more over $25 million). That’s 25%... a far higher rate than YC has appeared to have done since then. My total valuation multiple across that span is nearly 4x and the return rate is up over 110% IRR. The initial base of capital has already been returned in those investments, so it’s not a made up return based on just paper gains either. Most relevant to this conversation, though, is that I didn’t do it by only funding only hacker dudes in the Valley: Nine of my twenty investments have female founders or co-founders--nearly 50%. All of the companies but one were funded in NYC, with the other in Boston. Of the 20 teams, only half count an engineer as a founder or co-founder. ” #

📌 The Women I’ve Backed | Resolute Ventures

“The tech world surely has a ways to go to achieve gender equality, but I’m here to tell you there are some awesome founders out there right now who happen to be women. Hopefully, the abundance of high caliber women founders will lead to more gender-neutrality in VC investing. It has for me. Without any agenda to back women, during the first two years of my current fund I’ve had the privilege of backing 11 women founders, and I’d stack this group of entrepreneurs up against just about any in the business.” It’s tempting to give props to Michael Hirshland and Resolute Ventures for this, but they kinda don’t really deserve special praise; they’re just doing their fucking jobs. Dear investors: if you’re not backing women, it’s because you’re buying into sexism in tech, consciously or not. It’s not that talented women aren’t out there; it’s that you aren’t seeing them. #

📌 Amazon.com Startup Project / Startup Challenge

Looks like Amazon’s trying out the YC model. Interesting, if a bit limited in scope. #