📢 HCP Newsletter: The Freedom to Disrupt 💥 – July 2022
Buckle up for Harlem Capital’s monthly recap! 🏎️💨
Harlem Globetrotters ☀️
The summer is a great opportunity for the Harlem Capital team to connect with one another and meet our Summer 2022 interns. As our mission is centered around building an inclusive and transparent venture capital ecosystem, it is important to share our commitment to building and growing as a team internally, which allows us to put our best foot forward for our founders and LPs. Check out some highlights from our informal meet-ups around the world!
Diverse Raises by the Numbers 🤔
Our 2Q22 U.S. Diverse Fundraising Insights Report tracks the # and $ volume of capital raised by diverse founders across funding stages (Source: Crunchbase’s Diversity Spotlight data).
2Q22 saw 380 diverse fundraises totaling $7.9 billion of capital raised
Black & Latino founders made up 20% of the number of 2Q22 diverse deals, and 22% of diverse deal volume
Women founders made up 81% of the number of 2Q22 diverse deals and 76% of diverse deal volume
The dollar volume of diverse fundraises declined 18% from 2Q21 to 2Q22, with Black & Latino fundraising volume declining by 27%
The number of diverse fundraises has also declined, reaching its lowest deal count since 2020
It’s clear the market has shifted. Diverse deals have slowed across the board but it appears that Black & Latino founders are being affected the most. We urge VCs to continue to deploy capital to diverse founders, especially in these more challenging times.
Portfolio News 🗞️
On the Move with Moving Analytics 💓
Congrats to the Moving Analytics team on their $20M Series A led by Wellington Management and Seae. Harsh Vathsangam and Ade Adesanya are building the #1 at-home cardiac rehab program.
Real Talk with Stuf ✨
Stuf co-founder and CEO Katharine Lau dives into her entrepreneurial path and shares her experience running a startup while growing her family in this Crunchbase Q&A.
Harlem Capital Related 🚀
Bringing the Miami Heat 🔥🤝🏽
With the Harlem Capital team working remotely in different areas of the U.S. we have the ability to broaden the geographic reach of the HCP ecosystem. We now have four companies and five founders in Miami. Managing Partner, Henri Pierre-Jacques had the opportunity to connect with members of the Miami cohort earlier this month.
Zooming into E-Commerce Disruption ⚡
We hosted our e-commerce founders to talk through their experiences and key learnings. Over the years we have recognized that some of the best resources for the founders in the HCP ecosystem are our other founders. We love to see our portfolio companies collaborating as they build the next generation of e-commerce companies. There’s room for everyone at the top!
Vision in your 20/20s ☁️
Managing Partners Henri Pierre-Jacques was featured on the inTheir20s podcast where he discussed if you need to sacrifice your 20s for a successful life, time management tips, and the current state of venture capital.
Check out Henri’s key insights here!
Spilling the Tea – HCP Shares What VCs Discuss During their Annual Meetings📝
The Inside Man 💪🏿💯
Managing Partner Jarrid Tingle was featured on Business Insider’s list of top NYC VCs. We are proud to be in illustrious company with the top venture-capital deal makers on this list.
👉🏽 Here’s what you need to know
No Gatekeeping Here🙅🏽♀️📣
Senior Associate Nicole DeTommaso joined The Generation Hustle podcast to share her behind-the-scenes journey breaking into VC. Don’t miss out on these gems, take a listen here!
The More Equity podcast, the gift that keeps on giving🎧🎙️
Taking a break from your summer reading? Catch up on our recent LP series where Henri and Jarrid reflect and connect with the limited partners who helped bring Harlem Capital to life.
We are grateful to the wonderful Harlem Capital LPs who joined us this season:
✨ Willie Woods — President & Co-Founder, ICV
✨ Josh Evans — Head of Corporate Development, TPG
✨ Josh Kopelman — Co-Founder & Partner, First Round Capital
✨ Amelia Gandara — Principal, Nationwide Ventures
✨ Travis Haney, CFA, CAIA & Ryan Rathman — State of Michigan Treasury Department
✨ Hunter Somerville — Partner, StepStone Group
✨ David Gilmore — Chief Investment Officer, Harry & Jeanette Weinberg Foundation
Top Diversity & Tech News 👀💸
20 Latin American startups to watch out for in 2022
Trend raises $3M pre-seed funding
🚨Jobs in VC 🧑🏾💻
Nicole’s weekly VC jobs roundup 💼💼
Interested in working at one of the startups in our portfolio?💻
Submit your resume here and search job openings across the Harlem Capital network here 👩🏾💻👩🏾💻
Helpful Resources 💯 & Other Suggested Content 💡✍🏾
How to Be Recession Ready 🏋🏿♀️📉
Founders’ guide to navigating business challenges at this phase of the business cycle
What are the right metrics for product-led companies? 🧮🔢
The report enables SaaS companies to see how they stack up against peers
10 Questions to Ask VCs Amidst Market Uncertainty 🙋🏾♀️🙋🏿♂️
Six VCs (including HCP) share the best questions founders can ask investors in today’s market
List of 30+ accounts to follow in Web3 / Crypto who are Black, Latino or Women
Partner Brandon Bryant compiled a list of key founders, investors, operators, and reporters to watch
Mark Your Calendars - Save These Dates! 📅
The Ohio DAO Mixer, July 28 🌐🌐
This is the launch event for the Ohio DAO. The Ohio DAO is a grassroots movement to allow everyday people to learn and participate in Web3 in the Midwest. Come out to support HCP Partner, Brandon Bryant who is a founding member of this community!
Los Angeles Tech Week, August 15-21 ☀️☀️
LA Tech Week celebrates the growing LA VC and start-up ecosystem with a week of events hosted by VCs and start-ups.
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