Lorine Pendleton

I GIVE BLCK because the future deserves a surge of Black Wealth Transfer events, the future requires Black Fund Managers, and the future needs Black Founders supported by Black investors. We’re raising $100k to keep BLCK VC going. Chip in to something that is shifting the odds in our favor with capital management. #BVI #BVIMAFIA #BVI2 #GIVEBLCK

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🚀 Calling All Founders! I’m thrilled to host a series of free, intimate networking events for founders—hosted in NYC. These gatherings are designed to foster an environment where we can connect, learn from each other, grow together, and build meaningful, lucrative partnerships through collaboration. Whether you're based in NYC or beyond, if you’re looking for an opportunity to exchange ideas, share insights, and spark new business opportunities, these events are for you. Interested? Or know someone who might be? Drop a comment below, and I’ll share the details. Let’s grow together! 🌟 #Networking #Founders #BusinessGrowth 

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Michael Seibel, Y Combinator's first Black partner (2013) and first Black president (2016), is number #5 on MyCofoundr.AI's Black Vanguard List (https://lnkd.in/ekAbZ7cG). 🎉 Michael is a trailblazing founder, investor, and board member, who has redefined what excellence and leadership looks like in tech and venture capital. From co-founding Justin.tv (which became Twitch and was acquired by Amazon for $970 million), to leading Socialcam (acquired by Autodesk for $60 million just 15 months after its launch), Michael’s entrepreneurial track record is impeccable. Now serving as Group Partner and Managing Director, Early Stage at YC, Michael has been pivotal in shaping YC’s global reputation and empowering founders from under-networked communities. Since its inception, YC has backed over 5,000 startups with a combined valuation of more than $600 billion, and Michael has personally guided hundreds of these companies to success. He also serves on the boards of companies like Reddit, Inc. and Dropbox, driving innovation and championing diversity at the highest levels. For anyone seeking inspiration and actionable insights, check out this must-watch video where Michael shares “What I’ve Learned After 10 Years at YC”: https://lnkd.in/eCJjeSmZ. For founders, Michael’s decade of insights at YC is invaluable: ➡️ Solve real problems: Focus on underserved markets you understand deeply, turning challenges into opportunities. ➡️ Show traction: Metrics like retention and revenue can open funding doors and overcome systemic biases. ➡️ Tell a clear, compelling story: Clarity and vision in your pitch are essential for standing out. ➡️ Bootstrap early: Prove your concept and resilience before seeking external capital. YC itself actively invests in diverse founders: -- AUM: Over $80 billion -- Average Check Size: $500,000 for a 7% equity stake -- Diversity Investments (as of 2023): 15% female-founded startups (~644), 10% Hispanic/Latino-founded (~424), and 6% Black-founded (~246). -- Focus Areas: Pre-seed and seed-stage startups in software, biotech, education, consumer products, and more -- Success Stories: Airbnb, Dropbox, Stripe, Reddit, Inc., Instacart, DoorDash, Coinbase, Brex, PagerDuty, etc. Michael’s leadership has significantly influenced YC’s commitment to inclusivity, proving that innovation and inclusion go hand in hand. Thank you, Michael, for your exceptional contributions to the entrepreneurial ecosystem and for paving the way for a new generation of founders and investors to thrive. #BlackExcellence #Entrepreneurship #Innovation #YCombinator #Startups

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This is so disheartening! However, in addition to addressing this challenge, we need to find innovative ways to mobilize domestic capital and diaspora investments. The biggest challenge is “trust”, alot of our people work in silos with an individualistic mindset. We should learn from other races how to collaborate for greater impact! Ecosystems develop based trust! For instance, the Angel Investors and Venture Capitalists in Sillicone valley are within a tight network. And its trust that enables founders to tap into these networks/relationships to raise preseed, seed capital, and later funding rounds. Even in Nigeria the Igbo entrepreneurship and trans-generational wealth creation model is based on trust.

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I'm honestly sick. For way too long, I've been saying that black founders are getting less than 2% of VC dollars, which is crazy enough...it's actually less than .5%....If you're an investor of any kind that should make you sick. Technology/Companies/Products are built with the values of their creator embedded into the fabric of them, and it's obvious we're only valuing one set of values. This shouldn't be left to specific 'diversity funds'. Do better. #blackbuilders #blackentrepreneurs #venturecapital https://lnkd.in/gevtp6sT

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1% and 2% of VC funding go to Black and Women founders. Since money is hard to come by, we try to make it last by doing things ourselves. A word of advice: spend the money. We tried to do everything ourselves in the early days of working on Chezie. - I learned Webflow and Bubble to build our landing page and product and avoid hiring developers. - We spent hours onboarding every customer instead of buying a product to automate the process. - We constantly updated our email subscriber count so we didn’t have to upgrade to the next plan for an extra $30/month. I thought I was being scrappy, but I was actually holding the company back because it distracted me from higher-priority tasks. If you’re struggling to think about what to do yourself and what to spend money on, here’s a simple framework to help you decide: Put a price tag on your time. Early on, set your time at $50 or $100 an hour. If the time a tool or service saves you is more than that hourly rate, spend the money. As your company grows and your responsibilities pile up, the value of your time will rise, too. It might be $250/hour when you have ten employees and $1M in revenue, then $1000/hour at 25 employees and $3-5M in revenue. This isn’t about being reckless with your spending. It’s about freeing yourself to focus on the things that only you, as the founder, can do. Don’t let a $20 decision hold you back when it could be the key to moving faster and growing smarter. If it saves you time and mental energy, spend the money.

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*ONLY 12 HOURS LEFT ON OUR CAMPAIGN!* You can continue to support us by: 1) Investing in our campaign (https://wefunder.com/lilu ) and 2) Share our campaign on social media platforms like LinkedIn, Facebook, or Twitter:  "I'm excited to support Lilu in their mission to revolutionize postpartum care with cutting-edge technology! Check out their campaign on Wefunder (https://wefunder.com/lilu) and join me in investing in the future of maternal health. #InvestInMothers #Lilu" 

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Let’s talk about it

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🚨 This is it – The Final Push! 🚨 We’re down to the wire, and your vote could be the one that helps Ferna Tech take the stage at SXSW London 2025! Our panel, “A $16M Blueprint: How Black Founders Can Raise Smart Capital, Drive Culture & Go from Founder to Funded,” is more than a conversation—it’s a movement. It’s about reshaping the narrative, opening doors, and creating actionable pathways for underrepresented founders to thrive. This is your chance to make a statement: → That representation matters → That excellence against all odds deserves a global stage → That community-driven progress is the future 🔗 Vote here: https://lnkd.in/dHQzFMav 👇🏽 How to vote: 📹 #fernatech #sxsw #voteferna #fernafounders #blacktech #founders #venturestudio #AfroTech #Community #innovation

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✨ Breaking: BFM Fund Announces New Fund.- BFM Fund A seed-stage fund focusing on founders who are Black, Indigenous, and people of color, promoting diversity in venture capital. https://www.bfm.fund Please share to let other #Founders know For the ❤️ of Startups #Fusion42 #Startups#Venturecapital

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Drop In Venture Funding To Black-Founded Startups Greatly Outpaces Market Decline Chris MetinkoGené Teare February 27, 2024 Venture funding to Black-founded U.S. startups last year totaled only $705 million — marking the first time since 2016 that the figure failed to even reach $1 billion, Crunchbase data shows. The decline in capital to Black-founded companies greatly outpaces the overall decline in startup funding. While total venture dollars in the U.S. fell 37% last year, funding to Black-founded startups dropped a staggering 71%, according to Crunchbase data. Last year’s total investment in Black-founded startups in the U.S. marks the lowest amount since such startups raised only $582 million in 2016. The drop in total dollars also meant Black-founded startups received their lowest share in the venture market since at least 2016, per Crunchbase. Black-founded startups received less than 0.5% of the $140.4 billion in venture funding all U.S.-based startups received last year. In 2021, Black-founded startups received 1.4% of all U.S. venture funding. In 2022, it was 1.1%.

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True partnerships are transformative catalysts for change. They transcend mere funding, embracing deep listening, dynamic collaboration, and vibrant community-building. Recent experiences at the MARGULF FOUNDATION Grantee Convening, Culture Shifting Summit, EdLoC, and Google Impact Summit have reignited my passion for reimagining how funders can evolve to genuinely empower social impact leaders. In my latest Camelback Ventures blog, I dive into the heart of this crucial conversation: ➡️ How can we build partnerships that fuel innovation? ➡️ What does holistic support for entrepreneurs of color and women really look like? ➡️ How might we create an ecosystem where visionary ideas thrive? Join me in exploring how we can reshape the landscape of social impact. Together, we can craft a future where diverse voices lead the charge in solving our most pressing challenges. Read the full article and let's continue this vital dialogue. How are you reimagining partnerships in your work? 🔗 https://lnkd.in/eW7UrGXu #SocialImpact #EquitablePartnerships #InnovationInFunding #DiversityInEntrepreneurship #SystemicChange

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Thanks Chinenye. I couldn't agree with you more. However while we work on this, we also have to be mindful of the fact that bias isn't just the problem in this data rather a combination of poor economy and bias. Of all these regions mentioned, Africa is the least performing market. therefore Davidson, naturally you would expect investors to do less there. They are not charity organisations but a venture set up for outsized returns.Therefore the major issue we should be discussing is, which sectors are receiving this funding in Africa? Are the investments coming to sectors that will lift the other sectors up fundamentally or to sectors that will window dress the issues? or Worst still the ones that will reap-off on the people and distort rather than disrupt the system. (eg Nigeria POS fintech and the real banking system. a discussion for another day). Until strong investments are made in the technology sectors powering manufacturing strong job growth in Africa be it REAL B2B eCommerce not repeating what is already being done, or B2C eCommerce that is truly efficient and cost effective. Equally important is the improvement in the purchasing power of the consumers via credit card system. in as much as Sub-Sahara Africa lacks good credit system that captures the average citizens and residents, B2C will continue to struggle. in as much as our logistics investments are predominantly in the last mile delivery rather than efficient crosborder logistics, both B2B abd B2C eCommerce will struggle to scale efficiently and profitability. So, it's time for the investors to do away with the low hanging fruits and start tackling the real issues that will empower and propel Africa economies. That's where the main bias lies.

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Excited to join Blackout Tuesday # 18 at LocalGlobe this coming Tuesday centered around the theme: 'Increasing Venture-backed Black Founders: Journey from Seed to Series A and Beyond'. This event will focus on the challenges Black founders face when scaling startups and provide insights on navigating growth stages from Pre-seed to Series A. After a panel of founders sharing their experiences, the breakout session will dive into practical strategies for scaling. ✏ Register here: https://lnkd.in/eHZpMDN2 Launched in 2020, Blackout Tuesday aims to: 1. Increase Black representation in VCs 2. Boost venture funding for Black founders 3. Elevate Black employees in venture-backed companies 4. Support Black GPs 5. Increase Black or Black-aligned LP representation Balderton Capital Phoenix Court Blackout Tuesday

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Fundraising trends for underepresented founders 1) Black founders saw record funding in 2021, but funding has since declined, indicating lack of sustained support from investors. 2) Women founders have seen consistent funding in recent years, but funding for solo women founders remains a challenge. 3) Other marginalized groups, such as Latino and LGBTQ+ founders, also face difficulties in securing venture capital funding. #founders #dei #vc #venture #startups #venturecapital

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Women building tech — Here is a database of 1,208 investor resources with 545 supporting women and underrepresented founders! ➡️ Type: fund, accelerator, angel, etc ➡️ Filter by Women focused ➡️ Categorize by industry or vertical ➡️ Direct link to their website In my mission to bringing access to women building tech, cutting down time and money for them to find these resources is really critical. 💰Funds - are you missing from this list? Let me know so I can add you! 🔗 GET THE LIST in comments!! — Hi, I'm Nomiki, Founder & CEO of PDS Lab, a tech accelerator for women. I am on a mission to bring access to women building their first tech solutions through product training, education, resources, and community. Follow my journey as I disrupt the tech ecosystem by bringing ACCESS to women building tech.

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✨ Breaking: Halogen Ventures Announces New Fund.- Halogen Ventures Halogen Ventures focuses on early-stage consumer technology startups with at least one woman on the founding team. The fund announced a $10 million investment to support female founders in Alabama. https://halogenvc.com/ Please share to let other #Founders know For the ❤️ of Startups #Fusion42 #Startups #Venturecapital

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