There are many things investors have to say about the downturn.
It is a quieter and more realistic truth that has caught my attention as of late. Some investors who focus on backing historically overlooked founders say that the tech companies that have been cracked down on aren't as bad as the ones that have been funded by wealthy people.
The CEO of All Raise said that women and people of color don't have the "doom-and-gloom mentality" because they are used to doing more with less.
We are used to not having access to this influx of capital that we have already adjusted and built muscles and capacity to weather a lot of storms that more privileged founders who have like this never ending flow of capital and access to advice and insider information haven't had to deal with. Women of color have a history of weathering storms, so this isn't new to them.
How investors are playing offense right now (their words, our two cents)
It feels both spot-on and nuanced to believe that minority founders may be more prepared for a withdrawal because they already experienced one. It's true that diverse founders get less venture capital financing than their homogeneous counterparts, which makes them smarter with their money. There are studies showing that women and diverse teams can be more capital efficient.
Will the industry slide further and further from a more equitable spot if the small dollars are at risk?
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