📢 HCP Newsletter: Dazzling Diversity & NYC’s Venture Alliance 💯– October 2023
Buckle up for Harlem Capital’s monthly recap! 🏎️ 💨
The Headlines 🗞️
Launching Venture Access Alliance at NY Tech Week 🔥
The unveiling of the Venture Access Alliance at #NYTechWeek showcased firms led by diverse visionaries, crafting solutions for women, individuals of color, and marginalized communities.
Seventy investors formed the Alliance in an effort to enhance diversity within New York's startup scene. This initiative is a branch of the city's Venture Access NYC program, which also offers fellowships and a career pathway for diverse individuals aspiring to venture into capital investment.
Chaired by our own Jarrid Tingle and Union Square Ventures Partner Fred Wilson, the Alliance collaborates with the Ford Foundation, Annenberg Foundation, and Tech:NYC.
VCs in CA: Firms to disclose diversity data of their investments 📖
Earlier this month, California Governor Gavin Newsom signed Senate Bill 54, mandating VC firms in the state to annually disclose the diversity of the founders they support, effective March 1, 2025.
This landmark legislation, the first of its kind in the U.S., aims to enhance transparency in venture capital investments, particularly concerning underrepresented groups. Firms must report various metrics, including race, disability status, and LGBTQ+ membership, though disclosure is voluntary for founding teams.
Since its inception, Harlem Capital has believed in making data-driven decisions and supports maintaining diversity metrics and using them for accountability and growth. Learn more about the mandate here.
Portfolio News 🏆
Primitives Launches Galleries Feature to Curate Art Online 🖼️
Recognizing the limitations of current platforms, HCP portfolio company Primitives has launched 'Galleries,’ a feature designed to give creators unprecedented control over how their art is presented online.
This customizable digital canvas allows for the addition of various elements like gems, text, links, and stickers. Artists can adjust the layout to fit their vision, ensuring their work is displayed precisely as intended on their profiles. This innovation underscores Primitives’ commitment to modernizing art accessibility and empowering creators in today's digital age.
Learn more about Primitives and their new features here.
Harlem Capital Related 🚀
Our Managing Partner Jarried Tingle was named one of NY's top VCs by Insider 🗽
A Look Back at Harlem Capital’s History 🙌
Beginning as an angel syndicate, Harlem Capital’s Jarrid, Henri, and Brandon have successfully raised $174.3 million across two funds. We remain steadfast in our dedication to fostering diversity, propelling innovation, and aiding startup expansion in the ecosystem. A heartfelt thank you to everyone backing our journey! 🚀🙏
🚨 Jobs in VC 🧑🏾💻
Looking to break into VC?
Nicole’s weekly VC jobs roundup
Looking for talent from our community? Look no further than HCP’s Pallet, a platform where you can hire, search, and recruit for jobs in VC as well as at our portfolio companies.
Learn more about HCP’s Pallet here.
Helpful Resources 💯
Sequoia’s Steward on VC Ambitions, AI, and Backing X ✖️
Sequoia Capital Managing Partner and Steward, Roelof Botha sat down with Bloomberg to discuss the company's capital fund, investment prospect.
Primary VC breaks down and discusses NYC’s fundraising landscape.
Power Laws in VC, Manager Predictability, and Startup Failures 🚀
David Clark discusses power laws, fund returns, and how to back the top 1% of companies.
Save the Date ⏲️
AfroTech Conference 2023
Join HCP at the largest Black tech conference of the year! Get ready to connect with a global community of 20,000+ Black tech innovators during a series of digital and in-person events filled with dynamic programming on emerging trends, networking opportunities with industry leaders, and conversations with top tech recruiters.
AFROTECH takes place November 1 through Sunday, November 5, 2023.
If you made it this far, thanks for reading! See you all next month for more updates 👋
And don’t forget to follow us @harlemcapital on Twitter, LinkedIn, and Instagram to stay up to date on all things HCP, including upcoming opportunities with the team 👀