Securing funding from angel and VC investors can be a challenge for any startup founder. However, startup founders from “underestimated” groups often experience far more difficulty in raising capital. In 2021, companies founded solely by women garnered just 2.3 percent of the total capital invested in venture-backed startups in the U.S. Similarly, Black founders raised just 1.3 percent of all 2021 venture capital funding.
Angel investor Nancy Hayes has made it her mission to help improve these numbers. As a former corporate executive, startup founder and nonprofit CEO, she has worked in angel investing since 2014 and focuses on women-led companies and founders of color.
“We’re trying to help broaden the pool and bring attention to these companies so that they have an opportunity to compete for funding,” Hayes says. “In general, many venture investment firms reach out to their own networks to get deal flow and their own networks historically have looked like them. So the deal flow can reflect that.”
On July 7, 2022, Hayes will host a webinar for Founders Network members where she’ll provide tips on how to present to angel and VC investors. Here are some of her tips for raising capital as a startup founder in an underrepresented group.
In the webinar, Hayes will also cover:
About the Speaker:
Nancy Hayes is a currently active angel investor who serves as a mentor to women entrepreneurs and founders of color. She has invested directly in over 30 women-led companies and in 5 funds. She also advises corporate and nonprofit executives in management and leadership topics.
Nancy was a senior executive of the IBM Corporation for almost 20 years, CEO of two social services nonprofit organizations, Dean of the College of Business at San Francisco State University, CFO of that university, cofounder of a rewards-based crowdfunding startup and Managing Director of Golden Seeds angel group Silicon Valley chapter.
Nancy has an MBA from the University of Chicago and lives in San Francisco.
About NKH Group:
Interim C-level Exec | Management Consultant | Mentor to Women Entrepreneurs | Angel Investor | Crowdfunding Innovator
Subject areas of interest are leadership and management, organizational effectiveness, entrepreneurship and small business (with a focus on women-led) and crowdfunding.
Are you a full-time tech founder? Be our guest! During COVID, we’re making our events available to tech founders everywhere. Enjoy a complimentary ticket to come learn from fellow tech founders, partners and investors. Already used your complimentary guest pass? Request an invite to see if you qualify for membership.
About Founders Network:
Founded in 2011, Founders Network offers lifelong peer mentorship to over 600 tech startup founders globally. Our platform, programs and high-touch service facilitate authentic experience sharing, warm introductions and long-term professional relationships. Additional benefits include over $500k in startup discounts and promotion to 2,000 newsletter readers. Members are located in San Francisco, New York City, Los Angeles, Vancouver, Toronto, London and other tech hubs. Each month our Membership Committee admits a new cohort of full-time tech founders who are nominated by an existing member. Learn more about us here
Confidentiality Policy
All information shared within Founders Network is strictly confidential. We are built on a foundation of trust, and the community takes confidentiality seriously. Investors, members, and staff all share experiences and opinions off the record. In this roundtable forum, we continue to model our fnValues of Reciprocity, Humility, Authenticity and Inclusivity. Read more about our Privacy Policy here.
"If you don't have a cohort group in something like Founders Network that you can develop long-term relationships with and discuss the same topics that come up with people that you already know, you're probably missing out on something very important."David Plonsky
"The number one advantage is the law of compound interest. The longer you stay in a very high-quality network the strong and more authentic relationships you build."Chaitanya Vaidya
"We know each other's business and we know each other's struggles. Having a personal relationship with other founders that is completely confidential and completely authentic gives you a lot of great advice."Doug Lessing
"FN manages my network for me by connecting me with other founders in my specific industry sector. I've been able to explore business development opportunities, partnerships, etc."Becky Splitt
"We just saw the first Mexican unicorn come to life this same week which is a fantastic idea. Being part of the Founders Network makes a lot of sense. We see that the Mexico City chapter is growing substantially."Max Linares
"There's a lot of great stuff going on even now in San Francisco. I've found Founders Network has been a great resource for me and for all of the founders I know during these tough times."Jarie Bolander
"It allowed me to meet people who had done this before that had the experience. I was able to explain an issue very briefly and they were able to give me a very detailed response on how they addressed it."Terence Finn
"I've used the platform to discover advice, connections, resources, discounts, on important services, connections to investors, and practice on how to pitch. The kind of conversations you can't get anywhere else on youtube or google searches."Alexandra Greenhill
"I see Founders Network as one of those necessary resources in the Chicagoland area."Jason Jacobsohn
"The Black Founders initiative allows me to shape this program where we can inspire, engage, and support Black Founders."Khiry Kemp