Tcn investment & inclusion series - emerging fund managers opportunities and challenges
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The Capital Network (TCN) supports entrepreneurs in the fundraising process through workshops, mentorship, and events. The focus is on emerging fund managers, particularly micro-VCs, who are increasingly diverse, with a significant rise in representation of women and racial minorities. TCN also shares insights on the performance of these funds and offers opportunities for engagement through webinars.
Tcn investment & inclusion series - emerging fund managers opportunities and challenges
- 1. Fundraising is hard. You don’t have to do it alone. Designed for entrepreneurs, by investors, The Capital Network (TCN) provides workshops, events, mentorship, office hours and a network to support you, the founder. Let TCN guide you through the fundraising process. Your future investors will thank you. www.TheCapitalNetwork.org team@thecapitalnetwork.org @TCNupdate
- 2. Webinar Instructions 1. We’re so happy you’re here! Welcome! Please rename yourself in this format: Marie - The Capital Network 2. Before we kick off the conversation with the panelists, feel free to introduce yourself in the chat box 3. During the panel discussion, questions regarding the topic can be submitted to the chat to “EVERYONE”. We will be moderating the chat box for questions. 4. Questions regarding technical issues can be sent as a PRIVATE chat to “Jingjing - The Capital Network”. Any questions/feedback, email team@thecapitalnetwork.org
- 4. Defining Emerging Fund Managers ● Emerging fund managers are a growing set of managers ● Not set definition of who they are, depends on asset class ● Kauffman Fellows definition: Micro-VCs ($25-$100 AUM) and/or managers who’s raised < 3 rounds ● Funds of <$100M represented about 5-10% of total capital committed in any given year. ● Pitchbook: $25.6Bn raised by 870 micro-VC managers from 2012 through 1Q 2020 ● More than half of this amount was raised in the last 3 years
- 5. Diversity and Inclusion? ● Emerging funds hold much promise to address lack of diversity and inclusion in the VC industry ● Women and racial minorities make up a growing proportion of emerging managers ● Recent study: 16% of micro-VCs included at least one female investment partner, over 50% of firms included at least one minority ● But how are these funds performing?