New year, new angel investments! If you're a pre-seed/seed stage co looking to have a female investor join your cap table, send me a note.
Looking to primarily invest in longevity, death tech, femtech & female healthcare, aerospace, and underrepresented founders.
💼 Chief of Staff job opportunity
- Pre-Series A startup
- Working directly w CEO
- Austin-based
- Sharing economy
- Fantastic team & culture
Comment below if you want more info and CEO will reach out directly.
Had a meeting w a male VC regarding the “lack of quality female-founder deal flow.” As personally frustrating as this was/is, it’s not the end of the conversation. Here’s my advice to male VCs - DO the work 🧵
It's been ONE YEAR since we launched the
@CapitalFactory
Texas Fund with
@AngelList
! A few things I'm proud of:
- 53 investments
- 1-2 investment per week
- 5 markups
- 0 companies failed
- Named the most active investor in the Southern USA (
@Pitchbook
)
On to year two! 🚀
Super excited to announce that Capital Factory's newest fund, the Texas Fund, is now live! There is no better time to launch a new fund focused on Texas - and best of all, any accredited investor can now invest alongside us.
Goldies first time meeting
@jason
🐶 she was so excited she ate through her leash (literally).
Thanks for hosting us
@michaelstitt
and the
@EasyTigerATX
family!
The day has finally arrived! 💫 Our FIRST in-person pitches since March 2020.
As much as I love virtual meetings, there is no replacement for seeing an entrepreneur’s passion and enthusiasm live.
It sucks when a venture capital firm passes on your round.
However, there are many reasons for passing that may have NOTHING to do with you or your company👇🏽
Hosted our FIRST Austin female investors & founders happy hour and had over SEVENTY women join us! 🥂
Thank you to
@SVB_Financial
,
@silvertonvc
, &
@CapitalFactory
for making this possible! And to
@canopybyhilton
for hosting us in your beautiful courtyard.
1/ Mindset - Diversity isn’t a marketing campaign or charity work - diversity is higher quality deal flow that statistically outperforms all male founded companies. Start viewing it as such - your LPs will thank you.
“Capital Factory, an Austin-based venture firm and startup adviser, said this month it raised its seventh fund which, like its others, will invest in Texas startups. Startup investing platform AngelList is operating the so-called rolling fund...”
If you're new to Austin and wanting to meet more people (I know it can be difficult during a pandemic), don't hesitate to reach out! I only knew one person when I moved to Austin ~ 2 years ago and met some of my closest friends from LinkedIn, Girlboss, Bumble Bizz, etc.
For the past decade,
@CapitalFactory
has been building a pipeline of tech startups and collecting more than $100M in pre-emptive investment rights and now we’re opening up to everyone through
@AngelList
. Invest alongside us in the best Texas startups.
🔗
The
@CapitalFactory
Texas Fund made 9 investments in Q4 '22.
44% of the startups were led by underrepresented founders 📈
We are not a "diversity fund." We simply invest in great companies founded by even greater people.
2/ Take cold introductions - VCs are notorious for only taking warm introductions. And why wouldn’t they? It makes their job EASY! However, women don’t have the same networks as men and can’t always get the golden ticket to your time.
The most common industry themes coming across my desk right now:
1. No code tools ⚙️
2. Home renovation platforms 🏠
3. Retail technology 🏬
4. EdTech/eLearning platforms 💡
5. Backend delivery solutions 🚚
What are you seeing?
I had someone ask me for recommendations of Austin experts in venture debt. All the recommendations I gave just happened to be women ... I didn't even realize until the person pointed it out. Love seeing more women in venture :)
Since launching the
@CapitalFactory
Texas Fund less than 20 days ago, we've made 6 investments. Industries include: aerospace, robotics, drone mapping, social network, e-commerce software, & brain computer interface.
Every time I go to these coffee shops, I run into at LEAST one ATX startup founder or VC:
1. Swedish Hill Bakery
2. Better Half
3. Codependent
4. Greater Goods
Very serendipitous places ☕️
4/ Hire female partners - Only 9% of Managing Partners (e.g. decision makers) in USA are female. Even if VC firms have just 10% more female investing partners - they have 1.5% higher fund returns, and 9.7% more profitable portfolio company exits (Harvard).
I love when an entrepreneur is so excited about what they are working on that you can't tell if they are absolutely delusional or really on to something.
Shoutout to this
@Anthropologie
candle I have cooked my meals over for the last 3 days. Thinking of starting a foodstagram to post all the meals I’ve made over it.
@adventistchurch
@AdventistEdu
Our high school guidance counselor wouldn't sign off on my college applications because I was dating a soon-to-be doctor and would have "no need" for an education. He didn't want to be the one to "ruin my life" ... I was applying to Harvard.
Over the last few weeks, I've started doing more in-person meetings. Here are my favorite spots in ATX ...
☕️ Coffee: Swedish Hill Bakery
🍸Drinks: Codependent
👟Walk & Talk: Ladybird Lake
What are your favorites?
Two years ago, our Women in ATX VC group had less than 20 people. Today, we have almost 100 women!📈
There is always more work to be done, but super positive to see the ATX VC community prioritize, champion, and hire more women!🌟
@howdai27
@kelskamin
3/ Expand your network - spend time with the people you “want” to invest in. Sponsor female founder events, provide office hours, make yourself highly accessible … there is no substitute for showing up.
🍋 Lemonade Insurance has one of the best AI chatbots I've used to date ... I've used them for 4 years and never once had to speak to a customer service rep.
@Lemonade_Inc
44% of investors in the
@CapitalFactory
Texas Fund connected with us through social networks or public forums. Being able to publicly share our
@AngelList
Rolling Fund, opens up the VC asset class to ANY accredited investor - no longer are these opportunities behind closed doors.
Virtual pitching to VCs has become the new norm. It can be awkward, no doubt. To help founders prepare for the unexpected, I opened time on my calendar to run through pitches and provide feedback. If this would be useful for you, send me a DM and we can schedule a time.
Favorite ATX spots!
��️ Coffee: Greater Goods
🐶 Dog Park: Neighbors
🤝 Meetings: Swedish Hill Bakery
💪🏽 Gym: Kollective
🍸 Cocktails: Codependent
👢 Two Stepping: Broken Spoke
🏠 Private Club: Soho House
🍻 Dive Bar: Dirty Bills
🛣️ Day trip: Fredericksburg
What are yours?
Wolfie found his furever home! Checkout his glow up - from a malnourished pup who couldn’t even walk to a chunky, happy puppy 🐶Thanks
@austinpetsalive
for letting me love on this little guy for a few weeks.
!!! When you walk up to the
@CapitalFactory
Dallas office, you’re greeted by historical female leaders (3D printed ofc). These women paved the way for all of us … let’s make them proud today 💪🏼
46% of our Q4 '21 Texas Fund investments were in underrepresented founders 🎉
Always more work to do, but feeling grateful for
@JoshuaBaer
,
@BryanDChambers
,
@gordondaugherty
, and
@CapitalFactory
team who prioritize, support, and most importantly, FUND underrepresented founders.
We launched our 7th
@CapitalFactory
fund less than a month ago to invest in the best, early-stage TX startups. The momentum in TX is unstoppable 🚀🌙
The best part - we structured this as an
@AngelList
Rolling Fund so any accredited investor can now invest alongside us.
Heading to San Antonio next Monday the 26th. If any investors or startups are interested to meet, send me a DM :) I want to spend more time in SATX over the coming year!
Is it just me or is every college student's first company ...
- peer-to-peer mentoring platform
- social app to connect college students
- fashion app to help people decide what to wear
@brent_liang
I personally love being a young person in VC (have been interning/working in industry since 19). However, your value add post-investment is very limited without operational expertise. You need to be great at networking, sourcing/diligence, and pattern recognition.
One of the
@CapitalFactory
portfolio companies,
@fetiiride
, is offering FREE group transportation during SXSW! 🚗
Use the code “SXSW2022” in the Promo tab on the Fetii Ride IOS/Android App! Their sprinter vans seat up to 15 people.
This quarter we've been averaging 1-2+ investments per week. Texas is on 🔥🔥🔥
You can invest alongside
@CapitalFactory
in the best Texas deal flow through our
@AngelList
Rolling Fund👇🏾