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Top related persons:
Marc Andreessen - 1 — - 1 Kara Swisher - 1 Andreessen - 1 Ben Collins - 1 Andreessen's missive - 1 Dorothea Baur - 1 Cameron Moll - 1
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Silicon Valley Del Johnson Silicon
Top related orgs:
Service - 1 Securities and Exchange Commission - 1 Backstage Capital - 1 Silicon Valley Bank - 1 Venture - 1

Search resuls for: "Backstage Capital"


5 mentions found


☆ Marc Andreessen is getting raked over the coals for calling social responsibility the 'enemy'
  + stars: | 2023-10-17 | by ( Melia Russell | ) www.businessinsider.com   time to read: +5 min
VC Marc Andreessen wrote a lengthy missive this week, titled "The Techno-Optimist Manifesto." AdvertisementAdvertisementIt wouldn't be a Marc Andreessen essay if the internet didn't lose its mind over it. Rather, technology, he wrote, can solve for "any material problem" under the sun and herald a new era of "abundance for everyone." The backlash to Andreessen's essay was swift. He runs one of the biggest venture capital firms by assets and perceived importance.
Persons: Marc Andreessen, —, Kara Swisher, Andreessen, Ben Collins, Andreessen's missive, Dorothea Baur, Cameron Moll, he's, Gary Marcus, Marcus, what's, Aravind Srinivas, A16z, Collins, Andreessen Horowitz, Del, Johnson Organizations: Service, Securities and Exchange Commission, Facebook, Backstage Capital, Silicon Valley Bank, Venture Locations: Silicon Valley, Del Johnson, Silicon
☆ Silicon Valley Bank collapse renews calls to address disparities impacting entrepreneurs of color
  + stars: | 2023-04-13 | by ( Jalen Brown Scarlette Whyte | Jalen Brown | Scarlette Whyte | ) edition.cnn.com   time to read: +7 min
A bank run took down Silicon Valley Bank on March 10, as depositors withdrew $42 billion in a single day. And that’s why we’ve gone to community banks and regional banks such as SVB,” Bradley said. SVB’s collapse could spark future change, entrepreneur saysBecause of these disparities, entrepreneurs also seek funding from venture capitalists. In the early 2010s, Hamilton intended to start her own tech company — but as she searched for investors, she saw that White men control nearly all venture capital dollars. That experience led her to establish Backstage Capital, a venture capital fund that invests in new companies led by underrepresented founders.
☆ Silicon Valley Bank became the go-to bank for startups with a network of top-tier VCs. Underrepresented founders say that created barriers to access for them.
  + stars: | 2023-03-23 | by ( April Joyner | Ben Bergman | ) www.businessinsider.com   time to read: +7 min
But some early-stage founders told Insider they had trouble getting access to SVB's services. SVB's reliance on VC networks made it less accessible to some underrepresented founders, they said. With its focus on venture-backed startups, Silicon Valley Bank provided loans and lines of credit to businesses that often wouldn't qualify for such services at a larger bank. But the earliest-stage companies — those without significant venture funding or a notable VC backer — were still sometimes shut out, founders told Insider. Jean-Charles and Alvarez-Bailey said they didn't believe bias or discrimination was at play in SVB's decisions — they simply didn't meet the bank's VC funding threshold.
☆ 4 college friends turned $1 million into a New York venture-capital empire backing tech's hottest unicorns. Here's how they did it.
  + stars: | 2022-11-29 | by ( Darius Rafieyan | ) www.businessinsider.com   time to read: +8 min
Founded as the side project of four college friends, Eniac Ventures has become a major player in VC. They named the firm Eniac Ventures, after the first electronic computer, developed at the University of Pennsylvania's engineering school, where the four had met. What started as the side hustle of four college buddies has become a powerhouse of the venture-capital industry, backing some of tech's hottest unicorns. And Eniac has invested alongside some of the biggest names in venture, including Y Combinator, Lightspeed Venture Partners, and New Enterprise Associates. Vasen met the Eniac partners at an event they hosted for prospective founders at a Chinese restaurant in San Francisco.
☆ Read the pitch deck and 7-minute script that the founder of Modern Picnic, a fashion-forward lunch-box brand, used to raise $900K in pre-seed funding
  + stars: | 2022-09-28 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com   time to read: +2 min
She launched Modern Picnic in 2018 when she was 22, and has raised $900,000 in pre-seed funding. She walked Insider through her pitch deck and the seven-minute script she follows. Modern PicnicIn 2018, Kaminetsky left her assistant-buyer job to launch Modern Picnic, a brand that creates vegan-leather lunch boxes that look just like handbags. Modern Picnic closed a $900,000 round of pre-seed funding in April 2021, led by Michael Cline, the founder of the ticketing company Fandango. Kaminetsky shared her pitch deck and walked Insider through her speedy seven-minute pitch to investors.
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