Fewer than 200 Black female founders have ever received $1 million in VC funding. 7 women who did it share their best fundraising advice.
"Never go it alone," said Smith, who's raised a total of $12 million in venture capital since she launched AllHere in 2017."There's a community of women who have raised and who are eager to share what worked for them and what didn't." When seeking investors, be sure to research the venture-capital firm, its founder, and the ethos of the company, Smith said. This ensures more than just capital is exchanged in the relationship.
But certain accelerators she attended were led by white men who gave fundraising techniques she had already tried as a Black female founder to no success. "You would have to undo a lot of bias," Jean-Charles said."Until those people are willing to put themselves in different spaces and look outside what they know, it's not going to happen."
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