In a world of talking points and corporate jargon, opinions are refreshing and Expensify CEO and founder David Barrett is full of them. One of his earliest lessons in life, for example, was that basically everyone is wrong about basically everything. If instilling that at a young age doesn’t force you to become an […]
Ten Leading VCs Team Up On A $50 Million Fund To Back Underrepresented Investors
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Screendoor s 10 founders teamed up across VC firms to launch a fund-of-funds to back emerging fund managers from underrepresented backgrounds.
Screendoor
Would-be venture capitalists looking to raise a fund for the first time often face a chicken-and-egg problem: to raise money, they’re expected to demonstrate a track record of promising startup investments; to build such a portfolio, they need to raise money.
It’s a challenge felt even more by emerging fund managers from underrepresented backgrounds, say Homebrew partners Satya Patel and Hunter Walk. “What we heard over the last few years as we got approached by new managers hoping to raise funds was that were plenty of opportunities for them to get counsel or mentorship, but what they really needed was capital,” Patel says.
10 top venture capitalists launch Screendoor to help boost underrepresented investors bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.