Everything Jennifer Neundorfer said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Neundorfer: Black female founders raise two cents per male-founder dollar at seed
“So for every dollar that a male founder raises at the pre-seed or seed stage, a woman raises 38 cents, and a Black woman raises just two cents.”
Neundorfer: Diverse founder pipeline has always existed, not a new surge
“I would say that that supply of black Latinx, LGBTQ, that supply has always been there. And so for us, it's not that we're suddenly seeing a new surge now.”
Neundorfer: Traditional venture capital's lack of access has underserved diverse founders
“What we're doing differently is really building a venture firm that is designed around access and transparency. That's not what venture has traditionally been known for. And it's what has really underserved women and underrepresented founders.”
Neundorfer: January Ventures has accepted cold pitches since the firm launched
“From the day that we launched, we had been open to cold pitches.”
Neundorfer: Founders must diligence specific VC funds and individual lead partners
“The second question, if founders are interested in venture capital, is to really do the diligence on the fund and the partner who is leading that deal, because there's just a wide variety of outcomes that funds are shooting towards, and stylistic differences b…”
Neundorfer: January Ventures scripts diligence questions to eliminate founder bias
“One of the ways that bias can show up is in the things that venture capitalists ask founders when they're in a diligence meeting, and so we've taken a really hard look at that, and I've actually begun to script out our, you know, the key questions that we want…”
Neundorfer: Recorded video pitches stand out far more than static decks
“One thing that we really love is when founders do, you know, whether it's using Loom or some other screen recording, Send us a pitch that is not just a slide deck. It's them delivering the pitch, and there's nothing better than that.”
Neundorfer: All-female founding teams received just 3% of 2019 venture capital
“In 2019, female only teams received just three percent of venture dollars, and if a woman happened to have a male co-founder, she received 11% of venture dollars”
Neundorfer: January Ventures received 400 cold pitches in its first week
“We saw 400 pitches within the first week.”
Neundorfer: 70% of surveyed early-stage founders saw funding drying up post-COVID
“Right after COVID hit in April, we did a survey of our early stage founders. We talked to 250 early stage founders in our community, and it was interesting. 50% felt that COVID would negatively impact their business, but 50% had already pivoted, which just spe…”
Neundorfer: January Ventures organizes joint pitches with 10 to 15 other GPs
“One of the things we did and continue to do is an event called Pitch Collective. We have all these inbound cold pitches, right, where we're meeting founders who aren't in our network, but we realize that, you know, they're just pitching us, and at the end of t…”