So to avoid mediocrity (we’re a small team and we’re burning the candle on both ends), we’re taking a break this week. We’ll be back next Monday with some developments and content #workyourpitch#smallbusiness
#WordOfTheDay
Proof of Concept
Is basically #ShowMeWhatYouGot
A demonstration of the feasibility of a concept or idea that a startup is based on. Many VCs require proof of concept if you wish to pitch to them
#WordOfTheDay Entreprenuer In Residence : An entrepreneur in residence is seasoned entrepreneur who is employed by a Venture Capital Firm to help the firm vet potential investments and mentor the firm's portfolio companies.
#FearlessFemaleSpotlight : @erinhmckinney is a serial entrepreneur with nearly two decades of tech policy, economic and business development. She is the founder of the global membership organization, Black Female Founders (@BFFFempire), and the mobile app, KissIntel.
#WordOfTheDay What's your company's burn rate? It's the amount of cash you are spending each month in relation to your capital. Need help figuring out the lifespan of your company until the next round of funding? Here' s the formula you need: capital amount / your burn rate.
Kaya Thomas (@kthomas901) is a computer scientist, app developer and writer. She is the creator of We Read Too, an iOS app that helps readers discover books for and by people of color. #fearlessfemaleFriday
#Mood
Swipe to see what has us #DiddyBopping up and down your timeline on a #Thursday.
Shout out to all of the #blackfemalefounders thriving despite an industry predicated on… https://t.co/O0XdzeLnr3
#WordOfTheDay 📖 Series "A" Funding: a company’s first “grown up” round of funding (even if they’ve raised seed/angel/friends and family, etc.). It gets this name because of the kind of preferred stock that investors get.
#WorkYourPitch A digital pitch program designed for Black Female Founders by Black Female Founders. #ComingSoon
Have you joined our email list (link in bio) so that you are among the first to learn about our Pitch Perfect program!
Jasmine Crowe (@jasminecrowe) is the Founder of Goodr. Goodr is a real-time food rescue app that connects businesses with local charities to arrange deliveries of leftovers to people in need by using blockchain technology.
#fearlessfemalefriday
#WordofDay Deal Flow
The rate at which VCs discover new deals. VCs sift through tons of deals (sometimes over 1,000 per year), outright rejecting many of them, eliminating others through research, and finally seriously pursuing about 1% of all deals that cross their desks.
Bea Arthur (@BeaArthurLMHC) is a successful therapist, entrepreneur, & women’s advocate. Her third company, The Difference, provides on-demand access to therapy as Amazon's first mental health Alexa Skill.
You can support her startup The Difference via https://t.co/gSab1afTms
#COMINGSOON Work Your Pitch. A digital platform for female founders of color to craft, work and hone their pitch!
A digital pitch program designed for female founders of color by female founders of color.
https://t.co/XVf3ixNxab
As a founder you should always know your audience and potential investor and micro VC's tend to have a fund size of less than $50M and may invest between $25,000 and $500,000 in a given company. #wordoftheday#fundblackwomen#bffsmatter
Camille Hearst (@camillionz) is the CEO & co-founder of Kit. Kit lets experts create shoppable collections of products so their followers can buy and the experts can make some revenue from what they share. Patreon bought Kit & Camille is now the head of product lines with Patreon