HCP Newsletter: Road to 1,000 - Feb 2020 🚀

The Road to 1,000 newsletter is Harlem Capital’s monthly recap of updates on our portfolio companies, industry news, content, and events we suggest to check out and more!

2019 was a busy year for us. Check out our Year-in-Review!

Monthly Update

We published our 2019 Diverse Founders Report. Invested in 1 company and made 2 follow-on investments this month. Hired another Senior Associate - Kelly Goldstein. Launched our Summer 2020 Internship applications, due March 18th (apply here).

Harlem Capital Related

We would not be Harlem Capital if we did not recognize our roots and celebrate what we celebrate every day of every month: Black History! This month, we partnered with Facebook to host a Black History Month event, “Building Your Product & Raising Capital.”

1/27/2020 - A day to remember: the first day a Harlem Capital case was taught at Harvard Business School. Did you know that only 3% of HBS cases have Black protagonists? Our stories need to be told and we are truly honored to be one of them.

Check out our “2019 Diverse Founder Report” as we pull back the curtain on four investors to take a deeper look at their personal experiences in VC and their perspectives on the challenges facing both minority founders and investors alike.

We tapped top diverse investors in the venture space in a two part interview series. Part one focused on themes and perspectives relevant to minority and female founders as they set off to launch companies and raise capital. Part two we focused on their perspectives on investing.

Join us in welcoming our newest addition to the Harlem Capital family: Kelly Goldstein! As a Senior Associate, Kelly will be dedicated to sourcing and evaluating investment opportunities, supporting portfolio companies, and engaging with fellow investors and entrepreneurs across the country.

Top Diversity & Tech News

The data we have all been waiting for is finally here: diverse founders return 30% higher returns. Thank you, Kauffman Fellows and MaC Venture Capital for laying it out in, “Deconstructing the Pipeline Myth and the Case for More Diverse Fund Managers.”

Take a dive to learn about the Black consumer market in “The Billion Dollar Blindspot: What Traditional VCs & Founders are Missing.”

Congrats to Jay-Z for co-founding Marcy Venture Partners (MVP), which raised $85 million for its first fund focused on consumer brands. He may have “99 problems but ‘The Billion Dollar Blindspot’ ain’t one.” via Crunchbase

While Harlem Capital focuses on Seed and Series A investments, for entrepreneurs raising earlier, there is a new funding source: FundBlackFounders Looks To Help Black Startups Get Financing Through Crowdfunding

Other Suggested Content

Who said the coasts are where it’s at?! The midwest ecosystem is vibrant: Melinda Gates Names Chicago First Gender-Inclusive Tech Hub!

**Black Girl Magic Alert** Erika H. James named Dean of Penn’s Wharton School

Are you a first-time founder? Check out this resource guide!

Mark Your Calendars - Coming Up Soon!

4/13/2020 - “Detroit Diverse Founders Summit” is a skills-based, half-day event with workshops for early-stage diverse founders. We are excited to partner with Invest Detroit Ventures for this event on Monday, April 13th.

4/22/2020 - Inaugural Harlem Capital “More Equity” Pitch Competition will be held in Harlem on Wednesday, April 22nd.