Sirsu is in Flight đ©âïž
@sirsu.eth
I have so many thoughts here. 1. So many black vcs are behind the 8 ball due to lack of true funding they have behind their firms 2. Many of these cos have very strict or what they call âsure thingâ (practical) investments because they do have enough capital to deploy to âexperimentsâ 3. The amount of due diligence that takes place for black founders is astounding. I often felt like I was being interrogated like I was applying for a loan. Hardly a fun experience. 4. I truly believe they want to fund us more and more but even for them itâs hard when a lot of black fledgling entrepreneurs donât have their stuff togetherâmany VCs donât have patience because they are trying to build more of point 1
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foreign đ©
@foreign
Please share all of your thoughts. 1. The ones that have money just follow status quo, instead of looking for true innovators. Theyâll just say no instead of asking questions. 2. Investments are a gamble at the EOTD. So ofc they shouldnât spend frivolously but they should make sure they invest in black owned companies. 3. I agree lol Iâve seen white founders with NO PRODUCT NO USERS or anything get funded almost immediately. Meanwhile everything is a damn interrogation for us. Iâm over it. 4. Even the ones with their shit together have a tough time. If you want to help somebody, just help them. Itâs not rocket science. Invest or connect them to somebody that will. Very simple.
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Sirsu is in Flight đ©âïž
@sirsu.eth
Thatâs why they gotta break the mold. Fuck going after the same shit they are barely getting invited to the pre seed / seed / series A By the time they get into shit like an Uber its series C and they donât have any capital to lead a round. Shit be pissing me off bad!
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foreign đ©
@foreign
Exactly! Be different, get different results! Theyâll really pass on the next Amazon at pre-seed/seed stage just to go after something âless riskyâ at a later stage. When they canât even afford it fr. On the flip side, that puts a chip on early stage founders shoulders to make them go harder.
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