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Fearless and Bold Graphic Designer Wanted!

About Plug In Ventures 

Plug In Ventures  is the centerpoint for diversity within the tech ecosystem. We are a diverse membership-based networking community designed to empower the next generations of Black and Brown early to mid-stage founders through workshops, leadership programs, and mentoring — helping to access and raise capital, grow, and scale to success. Plug In’s top programs are our Plug In Tech Accelerator Program, Power Huddles mentoring sessions, and our general programs focused on support emerging companies.

About the Graphic Designer Role:

We are seeking a creative and detail-oriented Graphic Designer to join our team and contribute to the visual representation of our brand and programs. This role is open for remote work if you do not live in the LA area.

Job Type: Contract/Freelance
Schedule: 15-20 hours per week
Work Location: LA / NYC / ATL  Remote
Compensation: DOE

Responsibilities:

  • Visual Branding:
      • Develop and maintain visual elements that align with the Plug In Ventures brand across various platforms.
  • Marketing Collateral:
      • Design marketing materials, including brochures, presentations, social media graphics, and event collateral.
  • Web Design:
      • Collaborate on website design and ensure a visually appealing and user-friendly online presence.
  • Event Graphics:
      • Create visually engaging graphics for events, workshops, and conferences.
  • Content Creation:
      • Generate visual content for digital and print media, ensuring consistency with brand guidelines.
  • Collaboration:
      • Work closely with the marketing team, program managers, and business partners to understand design requirements and objectives.
  • Feedback and Revisions:
    • Incorporate feedback and revisions into design work, ensuring the final product meets expectations.

About You:

  • You are comfortable, experienced in, and motivated by working with high-expectations stakeholders who move at pace where meeting goals is a question of “how” and not “if” 
  • You are self-sufficient, able to draft concepts and drive results with minimal directions 
  • You are comfortable providing input and feedback to leadership even when difficult 
  • You have strong relationship-building and networking skills
  • You are a proactive, effective communicator with impeccable listening, speaking, writing and presenting skills 
  • You have a proactive mindset with regard to spotting opportunities and acting quickly upon them 
  • You thrive under pressure and feed off the buzz of chasing down targets and deadlines, and you are not afraid to put yourself out there and make things happen 
  • You have a highly methodical and organized approach to your work and superb time management skills 
  • You are adaptable and agile

Your Skills as a Web Designer:

  • Adobe Illustrator Proficiency:
    • Mastery of Adobe Illustrator for creating precise and visually appealing graphic elements.
  • Canva Expertise:
    • Advanced skills in Canva for designing engaging and shareable visuals for digital platforms.
  • Asana Proficiency:
    • Utilize Asana to effectively manage and organize web design projects, ensuring seamless collaboration.
  • Video Graphics Mastery:
    • Proficient in creating compelling video graphics to enhance user engagement and storytelling.
  • Technical Acumen:
    • Comfortably navigate various technical tools and systems essential for efficient web design workflows.
  • Diversity, Equity, and Inclusion Commitment:
    • Actively incorporate principles of diversity, equity, and inclusion into the design process and outcomes.
  • Self-Starter with Project Management Skills:
    • Take initiative, prioritize projects, and manage deadlines independently as a self-starter.
  • Collaboration Skills:
    • Proven ability to collaborate effectively with internal and external stakeholders, ensuring a cohesive design approach.
  • Attention to Detail in Graphic Design:
    • Demonstrate meticulous attention to detail, including precise proofreading and thorough project follow-through.
  • Open-Mindedness and Positive Work Environment:
    • Approach design challenges with an open mind, contributing to a positive and enjoyable work environment for yourself and the team.

How to Apply:

Send a resume and cover letter to info@pluginventures.co. Include availability, 2-3 references, and potential start date. 

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Join the Next Wave of Innovation – Apply for Plug In Ventures’ 5th Accelerator Cohort! Applications are now officially open!

Are you an early-stage Black or Latinx Founder with a bold vision to reshape the realms of Digital Health, Climate and Sustainability, Digital Media or FinTech?

At Plug In, we deeply value the passion, dedication and immense potential that underrepresented entrepreneurs like you bring to the tech ecosystem. We are thrilled to announce that applications for our 2024 Plug In Tech Accelerator Program are now open.

We understand that early-stage Founders are those who have taken the crucial initial steps to transform their vision into reality. This means you have a product in place, a clear understanding of your target audience, and perhaps some revenue flowing in. However, we also embrace those who are still refining these pivotal elements, acknowledging that every startup’s journey unfolds uniquely and at its own pace.

Our Tech Accelerator Program is meticulously crafted to equip you with the resources, mentorship, and invaluable network necessary to propel your business to new heights. By participating, you will have the opportunity to:

  1. Gain profound insights from seasoned mentors and industry experts.
  2. Access funding opportunities and forge connections with potential investors.
  3. Collaborate with like-minded Founders and cultivate potent partnerships.
  4. Hone your product and business model for rapid and sustainable growth.

To embark on this transformative journey with us, click here to apply for the Plug In Tech Accelerator Program.

We encourage you to extend this opportunity to any exceptionally talented Founders in your network who are in the process of crafting something extraordinary. We firmly believe in the power of community and collective progress, and your recommendation may be the catalyst they need on their entrepreneurial path.

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Forbes Spotlights Mitch Gilbert, Founder of WeAreOya and Cohort 3 Alum

FORBESLEADERSHIPFORBESWOMEN

The Femtech Founder Creating Sportswear That Prevents Vaginal Infections Secures $1.3M To Scale

Dr. Brittany Chambers

Contributor

I write about bridging the gaps in access and opportunities.Follow

Jan 19, 2023,12:00pm EST

Headshot of Mitchella Gilbert.
CEO and co-founder of Oya Femtech apparel.COURTESY OF MITCHELLA GILBERT

After years as an athlete and product designer with a love for women’s health and sportswear, Mitchella Gilbert one day found herself at the doctor’s office with a yeast infection. Puzzled by how it may have started, Gilbert turned to her OB-GYN who shared, “If you want to reduce the frequency of your yeast infections scale back on wearing leggings.” Gilbert was shocked when hearing her OB/GYN share that this was a common issue for millions of women who loved working out. That moment was the spark that changed everything for Gilbert.

Within the months to follow Gilbert conducted research that concluded that the doctor was right. Most leggings with spandex blends have the potential to trap moisture in the vaginal area which can throw off the balance of healthy feminine bacteria and create an environment for pathogens that cause infection to thrive. Gilbert saw that there wasn’t a company addressing the issue and co-founded Oya Femtech Apparel to create a new legging that had a breathable, replaceable pad, and panels that promoted ventilation around the inner thigh.

In a little over a year to follow, the innovative performance wear, that has been physician-tested and athlete-approved, has raised $1.3 million to scale following an oversubscribed pre-seed round.

PROMOTED

Gilbert’s vision is that Oya’s antimicrobial fabric-based leggings can combat the historically $43.3 billion or more U.S. women spend annually to navigate feminine health issues–including bacterial vaginosis, urinary tract infection, ringworm, folliculitis, and urinary incontinence. With athletic wear serving as a commodity for women athletes and enthusiasts, and the boom of athleisure, she has found solutions to reduce or prevent feminine health issues to be prime importance.

This solution-driven vision inspired the name of the brand, Oya. “Oya is a mother goddess from Nigeria’s Yoruban mythology that symbolizes rebirth, fertility, and storms. I thought Oya was a great name for a sportswear company fighting feminine health issues with patented designs and textiles,” says Gilbert. Her years of experience in tech, product design, and retail, combined with participation in UCLA Anderson’s Venture Accelerator allowed Gilbert to merge her passions in the launch her fourth company, Oya, alongside co-founder Patrick Ayers.

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Today, Gilbert and her co-founder’s patent pending fabric is one of the firsts of its kind to be physician-tested and athlete approved—by over sixty medical professionals and hundreds of product testers—prior to going to market. Denoting the research and feedback leveraged to develop the fabric, Gilbert shares: “Oya’s leggings are twice as absorbent as leading brands with unique designs that provide discrete natural ventilation, significantly performing over current market options.”Skip Ad

The Funding Creating Opportunities & Expanding FemTech Apparel

In an industry such as sportswear where men account for larger market sales and share, Gilbert says “Oya is advocating for the inclusivity and health of people with vaginas.” Similarly in the tech and venture capital realm, Gilbert is joining the ranks of a growing cohort of merely 200 Black women to have ever raised over $1 million in venture capital. Her round led by the Sixers Innovation Lab, includes REI Path Ahead Ventures, R/GA Ventures, a Special Purpose Vehicle (SPV) managed by Union Heritage Venture Partners, and Techstars Sports.

Woman modeling Oya's femtech apparel line.
Woman modeling Oya’s physician tested, patent pending femtech apparel line.COURTESY OF OYA FEMTECH APPAREL

“As investors and entrepreneurs, we know that relatively 2% of venture capital funding is allocated to women, and of that, roughly 0.05% to Black women. When we find underrepresented, passionate founders with great ideas, it is a privilege to invest in them and work alongside them. Gilbert and her team, led by four women engineers, have developed an innovative textile-based technology and product offering at Oya,” said Sophia Bush Hughes and Nia Linder Batts. Hughes, notoriously known for acting roles in One Tree Hill and Chicago P.D., and Batts, formerly one of the youngest Black executives of a media conglomerate, are managing directors at Union Heritage Venture Partners and co-investors in Oya.

Research has indicated that a growing priority for investors has been to expand their investments to support diverse consumer needs and women’s health. More specifically, the overturning of Roe v. Wade in 2022 has accelerated a focus on innovative women’s health-related tech and products. Oya’s investors particularly believe the femtech apparel company is primed to address a need that many larger organizations are overlooking. And to continue to expand on addressing this need, Oya is developing an ethical supply chain leveraging fabrics are BPA, PFA, and PFOA free.

“We are now getting ready to launch our second version along with new tops. Our legging is now patent-pending and we are on our third collection of tops and bottoms that absorb moisture, decrease bacteria, and increase natural ventilation,” says Gilbert.

Gilbert’s Longterm Thoughts On the Athletic Wear Field

Longterm Gilbert believes it will be important for athleisure leaders to look more introspectively at the unmet needs of customers when developing lines of athletic wear. Some customers are considering and others are learning to consider the following as they become more educated about sportswear that supports wellness:

Woman modeling Oya's femtech apparel line.
Woman modeling Oya’s physician tested, patent pending femtech apparel line.COURTESY OF OYA FEMTECH APPAREL
  • Choosing The Right Sports Bra: “Customers are thinking about comfort, their activity levels, their cup sizes, and paying attention to materials–i.e. trying to find fabrics that are BPA-free.”
  • Choosing The Best Leggings Length: “Customers are beginning to consider the activity–i.e. running shorts vs hiking pants—and choosing fabrics by selecting those that are BPA, PFA, and PFOA-free. There are many cancer-causing agents in most significant brand fabrics. They are also bearing in mind their height and body type to balance comfort and coverage based on the activity they are partaking in. Lastly, they are considering what waistband or coverage they prefer; waist sculpting, mid-waist or V-cut, styles that give a differing look and feel that detract or add to support they need.”

Overall, Gilbert is excited for what the future may hold and her unique opportunity to contribute to the athletic wear field with Oya Femtech Apparel.

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This Startup Accelerator Is Searching for ‘the Next Google in South LA’

Courtesy of Plug In South LA

Diversity pledges are increasingly ubiquitous in tech, but venture capitalists—whose checks underpin the industry’s runaway growth—still chronically overlook entrepreneurs in Black and brown communities.

The glaring fundraising disparity drove marketing strategist Derek Smith to found Plug In South LA, a startup accelerator based in South Los Angeles, in 2015. Focused on tech startups targeting health care, climate and sustainability, and advertising and media, Plug In is currently in the final stages of a search for a new cohort. Applications for its latest program, which will run from March through May, close on Feb. 3.

While the seven-year-old accelerator hails from South L.A., early-stage Black and brown founders based anywhere can apply to the program. Unlike some larger incubators, Plug In doesn’t take equity or collect fees from its accelerator participants. It also doesn’t fund companies directly—though that could change as soon as this year, according to Smith..

‘How to Play in Startup-Land’

When Smith returned to his hometown in 2015 after a 15-year stint in New York, he began hosting lunch-and-learns to help founders around his neighborhood.

At the time, “L.A. was a really hot tech ecosystem,” he said in an interview with dot.LA. “Ring, Bird, Snap—all these really cool things were happening” But in communities like South L.A., coworking spaces and other incubators for tech and startup talent were absent.

“The whole point of the work that we’re doing is to correct some of the flaws in the market to prepare, educate and inform the talent that’s there,” Smith said. Plug In’s goal, he added, is to help Black and brown founders “really understand how to play in startup-land and venture capital-land and all of these other sectors and spaces.”

Those early meet-ups eventually snowballed into the 13-week program that Plug In offers today. Among its perks, Plug In promises to connect its spring cohort with partners and mentors at the likes of Disney, New York-based venture fund CourtsideVC and prolific VC industry law firm Gunderson Dettmer.

Plug In South LA

Plug In South LA founder Derek Smith (fourth from left) with a recent cohort of startup founders.Image courtesy of Plug In South LA

Devin Dixon, an Atlanta-based founder who joined the accelerator in search of product market fit, said Plug In helped him find his company’s “true north star.” During the program, Dixon’s startup, BingeWave, evolved from a tool for film festivals and filmmakers into a metaverse app builder, he told dot.LA.

After the program, Dixon went on to join Launch House’s accelerator, which he described as comparably less structured and more networking-oriented. By contrast, Plug In “focuses on how you become an actual business, versus just venture raising,” he said.

“That is good for underrepresented founders,” Dixon added, “simply because we typically struggle to raise capital.”

Bridging the Funding Gap

For an industry bent on breakneck growth, progress toward racial equity in the insular world of startup fundraising is moving at a glacial pace. The vast majority of venture capital dollars still go to white male founders, while leadership roles at VC firms remain overwhelmingly occupied by men.

In the U.S., only 1.2% of VC dollars went to Black founders during the first half of 2021, per Crunchbase. Likewise, a separate full-year report from the data firm also found that Latinx founders secured just 1.2% of U.S. VC dollars raised in 2021.

Female-founded companies are similarly underrepresented, with a 2% cut of total venture dollars raised last year, according to Pitchbook data.

Well aware of these disparities, Smith says he is exploring raising an early-stage fund of his own to invest in underrepresented founders, potentially as soon as this year.

“We’ve talked about what our fund would look like and it’s something that we are looking to pull the trigger on,” he said, noting that he would look to invest “somewhere in the ballpark of $50,000 per startup.”

Ultimately, he added, “the 20-year plan is to see the next Google come out of a place like South L.A.—founded by Black and brown co-founders.”

FROM YOUR SITE ARTICLES

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Diversifying Tech; Discussing Derek Smith’s Plug In South Los Angeles and How He’s Equalizing the Tech Industry for Black and Latinx Communities


Taking startups and professional careers to soaring heights through next-level networking, Plug In South LA empowers founders and entrepreneurs to nurture relationships with potential partners through meaningful exposure.

Smith started this company around 2014 when he noticed the tech industry rise throughout the city of Los Angeles.

“The LA tech scene was starting to grow and expand around the entire city, from Santa Monica to Pasadena,” shared the Plug In South LA’s founder in an interview with the LAWT. “But, I noticed that none of this activity was spilling over to South LA – Crenshaw, Leimert Park and Inglewood in particular.”

That was when Smith brought his company to life. “I thought, here we are in the one of the biggest and greatest cities in the country where a lot of young folks are so into the tech community yet so far from it. I wanted to be a part of that community of folks creating tech ecosystems and startup ecosystems.”

The playing fields for minority-owned business in tech is extremely unbalanced. With “the amount of venture capital going into tech companies operated by black folks [being] less than three percent” when Smith started his company.

“Almost 10 years later, it’s not at four or five percent. It hasn’t increased much,” shared Smith.

However, with the help of Black Lives Matter and their protests in 2019, Smith told LAWT that there’s been more activity in diversifying this industry.

“With the Black Lives Matter movement, and everything that’s come out of that, there’s been more of a focus and interest in diverse entrepreneurs. But the reality is, when you look at enterprise, the story by Black and Brown families who are rooted in the innovation economy, it is so hard for them to secure early-stage investment to really grow and scale their businesses.”

The entrepreneurs and tech start-up founders in the 2022 accelerator (Courtesy Photo)

This led Smith to really call out this hurdle in the tech industry.

“Diverse founders don’t always have the same sort of venture capital to bootstrap and grow their companies, putting them at a big disadvantage.”

He continued with, “So part of what we do at Plug In is also connect different stages of founders with investors and corporate executives and subject matter experts that can help navigate the marketplace when it comes to positioning and figuring out how to operate their business upscale and successfully.”

Connections are primarily made through their cohort accelerator programs, which has helped fund and grow some of the most dynamic start-up and early-stage businesses and business owners in Black and Latinx communities.

Plug In South LA has recently launched their third accelerator program in the beginning of April. This cohort will develop the vision of entrepreneurs in health care tech, edtech, fintech, cleantech, fashion, media, and gaming, and aims to level the playing field by providing minority-owned businesses with resources that will assist in narrowing the funding gap that’s compared to traditional Silicon Valley access.

Smith shared that Plug In South LA will only accelerate entrepreneurs and their company through this program. 

“California Health Care Foundation is one of our partners, and they’re looking to invest up to $40,000 in a pilot. The other thing that we’re doing that’s a little different is that our founders meet weekly as a group and they also meet with investors and other successful entrepreneurs on a weekly basis to sort of troubleshoot and address some of the challenges and opportunities that they’re dealing with. So, this program’s a bit more rigorous than how we’ve operated in the past.”

The third Plug In accelerator will provide its cohort of entrepreneurs and founders with tools to scale their businesses and position themselves to raise crucial funding. The accelerator also includes a 13-week intensive session to help founders succeed on all aspects of growth, from deal-making and partnerships to pilot programs, investor management, strategic development, and more. Founders in the cohort already have raised upwards of $1-to-2 million in financing, from seed to early-stage rounds.

(Courtesy Photo)

The entrepreneurs and tech start-up founders in the 2022 accelerator will include Dr. NanaEfua Afoh-Manin of Shared Harvest Fund (healthcare tech), Dr. Steven Moyo of Welfie (healthcare tech), Rodney Bell of Butterfly Health (healthcare tech), Kameale Terry of ChargerHelp! (cleantech/sustainability), Ashley Williams of RIZZARR (media), Kyra Peralte of The Traveling Diary (media), Leonard Tatum of Tatum Games (gaming), SergeAmouzou of Finpro (fintech), Zef Neemuchwala of Be A Maker Club (edtech), and Mitchella Gilbert of Oya Apparel (fashion). 

Mentors in this year’s program include executives from CHCF, Gunderson, California Health Care Foundation as well as other industry leaders who will be available for consultations and office hours including Courtside Ventures, RareBreed Ventures and Zeal Capital Partners among others.

Plug In South LA also created and runs Urban Tech Connect, a prominent annual business conference that equips tech company founders from African American, LatinX and under-represented communities in Los Angeles and beyond with a platform to plug in to the greater technology ecosystem and to network with other founders, VC’s, angel investors, tech influencers and industry leaders.

Derek Smith shared that programs like this — that foster the potential of people like him — is  what makes his job worth it. “I think we have a lot of talent. We’ve really become an innovation hub and are connecting with a lot of other innovation hubs around the city,” Smith said.

“We have the ability to increase the number of engineers and tech developers and programmers in our local community, if we can successfully roll out enterprises that are having like a big impact, not just on South L.A. only, but across the entire country and globe, as well.”

For more information on Plug In South LA, Derek Smith and their Tech Accelerator Programs visit: https://pluginsouthla.com.

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Take your landing page to the next level as a startup founder

Landing pages are a multi-purpose tool that every startup entrepreneur should have in their arsenal. They are excellent for effectively discussing your products, services, and general business to all potential stakeholders. This is vital for all types of businesses, but important for startups because their offerings need to be crystal clear.

Your landing page can make or break your startup as they are an excellent means of determining the viability of your service. A landing page’s objective isn’t always to incentivize a purchase, but rather to promote some form of activity to allow users to subscribe to your content, create leads, and so on.

The standard landing page structure consists of the following sections:

  • Navbar: logo and links
  • Hero section: This is where you need to explain as succinctly as possible what exactly you are offering. What problem you are solving and how?
  • Social proof: Why should the visitor believe you? Present evidence, social evidence being the best kind.
  • Call to action: Ask the users to do what you want them to do.
  • Features: give more details about your offering
  • Call to action: repeat the CTA
  • Footer: miscellaneous links

Read more.

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Need a government program to back your startup?

The government provides a wide range of assistance and funding to entrepreneurs who are beginning or expanding their firms. But what does government funding imply for the individual entrepreneur?

Whether you’re seeding money to get started, or looking for capital to scale out a viable firm, receiving funding can be challenging. After all, venture capital (VC) and angel investment are founded on the common shortage of investment money to support the riskier stages of entrepreneurship. Many entrepreneurs regard bootstrapping as a necessity rather than a strategy. This means they must make do with very little – not by choice.

The question for the individual entrepreneur is not whether the money could be put to good use, but is it worth considering a government program for support in your startup? Here are four things to consider:

1. Value
2. Lethargy
3. Cost
4. Independence

Read more.

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Brand Storytelling: 5 Essential Tips for Your Startup’s Success

Brand Storytelling: 5 Essential Tips for Your Startup’s Success

There are essential questions to attribute your startup's success. How should Founders tell their brand story? What role does product play in the brand story? What are tactical ways to drive momentum? How should Founders think about their brand message and brand promise? How did your brand story evolve in the first couple of years of building and growing your startup? Sit down with Alexandra Zatarain, Co-Founder of Eight Sleep to learn how to answer these questions.
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How Seed Funding Has Exploded In The Past 10 Years

How Seed Funding Has Exploded In The Past 10 Years

Editor’s note: This is the first in a multipart series looking at seed funding trends. Seed-stage funding to startups has exploded in the past decade and become an asset class of its own. If that wasn’t obvious already, consider that in just the past few months, three of Silicon Valley’s largest and best-known venture firms—Andreessen Horowitz, Greylock and Khosla Ventures—all announced large new dedicated seed funds.

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To visualize this dramatic change in the venture ecosystem and understand how much seed investment grew in the past 10 years, we decided to look at the number of U.S. startups that were funded over various five-year time frames and at different stages. Crunchbase data underscores an impressive rise in funding to the smallest startups: Fewer than 3,200 companies received seed funding in the period between 2006 and 2010. A decade later, that had ballooned to more than 23,000 startups.

A Brief History of Seed Funding
One of the biggest catalysts for new startup creation was the launch of Amazon Web Services and cloud computing in the early 2000s—new technologies that drastically reduced the cost and complexity of starting a new tech company. That, in turn, transformed seed funding into its own institutional asset class in the period between 2006 and 2010. Still, startups that raised Series A funding continued to outpace startups raising seed until around 2009—when seed funding took the lead and began to explode, Crunchbase data shows. Seed funding surged again in the period between 2011 and 2015, with 5x the number of companies funded at seed compared to the prior five years. By contrast, Series A-funded companies grew at a much slower pace, showing 42 percent growth. By the 2016-2020 timeframe, there were 23,000 seed-funded companies in the U.S.—up another 30 percent compared to the prior five years. That put seed growth in line with the growth in Series A, where funded startups numbered over 6,800 during that five-year period—up 31 percent over the same period. Rise of the VC Seed Investor In the mid-2000s, venture firms accustomed to investing $3 million to $5 million at Series A and $8 million to $12 million at Series B weren’t all that interested in joining what looked like institutional angel rounds. The Crunchbase numbers bear this out. From 2006 to 2010, multistage venture firms had seed investments in the single digits in total over five years. But these VCs didn’t cede the seed stage for long. From 2011 to 2015, a number of leading multistage venture firms started to grow their seed practices, the most active of which were Andreessen Horowitz, New Enterprise Associates and Greylock. As companies raised multiple seed fundings as well as larger seed rounds in the $1 million to $3 million range, larger venture firms seeking to be the first institutional investors became more invested at seed.

The Firms Investing in Seed Now
The most active multistage venture firms in seed investing more recently are Greycroft, Founders Fund and Khosla Ventures. Khosla has raised multiple seed funds over time and was a seed investor in Instacart, DoorDash, QuantumScape and GitLab. Just this week, the firm announced the close of a new $400 million seed fund. That follows a $400 million seed fund the firm raised in 2014 and a $300 million seed fund in 2010. Greylock, meanwhile, last month announced what the firm says is the largest pool of venture capital dedicated to seed investing: A new $500 million fund. One of the reasons many venture firms are stockpiling funds to invest into seed startups is that getting in at the earliest stages with a young startup lets those investors have a say in crucial decisions early on. “The ‘decision tree’ of a company has the most range at the beginning, and we want to be there as a partner to founders from the foundation,” Greylock, which has made seed investments in Wag, Instabase and Snorkel AI, said in its fund announcement. Andreessen Horowitz announced a $400 million seed fund in August. The firm has made seed investments in Robinhood, Stripe and Lime over the years. “While having a seed fund is not a shift in strategy—seed has long been a core focus—it underscores our commitment to seed investing as a first class motion for the firm,” Andreessen Horowitz said at the time.

Size of Seed Grows
We also looked at the median and average deal sizes for seed rounds for these 14 multistage funds over the decade, and found the median seed deal has grown from $1.5 million to $4 million, and the average from $1.7 million to $4.6 million. While the size of the typical round has ballooned, there’s still a great deal of variance, however. In 2020, seed fundings from these investors ranged from $700,000 to $22 million. The seed rounds of recent years are sizing up to look more like Series A fundings. “The imbalance between supply and demand has pushed round sizes and valuations to a point where investors are no longer rewarded for the risk they take, and seed rounds are now done at Series A prices and sizes from three years ago,” Jeff Clavier of Uncork Capital told me via email. “The problem,” he added, “is that everyone is pricing deals as if they are a 10s of billions of dollars exit opportunity. The vast majority aren’t.”

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Startups The PISLA Beat

The Pill Club is Revolutionizing Women’s Health with $41.9 Million in Funding

According to the U.S. Census Bureau, more than 19 million women living in the United States are in need of publicly funded contraception and live in contraceptive deserts. Of the 19 million, about 1.3 million of these women live in a county without a single health center offering the full range of contraceptive methods- making it even more difficult to gain access to the birth control they need.

To assuage this, The Pill Club was launched in 2016. This online resource offers a prescribing service, medication fulfillment, and free delivery of birth control care packages, according to their website. Today, the company announced that they have raised $41.9 million in Series B funding.

“The idea of creating more choice and flexibility across healthcare is long overdue,” CEO of the Pill Club and former Uber exec, Liz Meyerdirk told TechCrunch.

For our regular curation of must-read tech and innovation articles, the Plug In South LA Beat, we take a look at how The Pill Club plans to use this funding to make women’s healthcare accessible to all:

The Pill Club takes on primary care with $41.9M in fresh funding

Photo Credit: The Pill Club