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Plug In Ventures Featured in Black Enterprise

Los Angeles- February 9, 2024

Plug In Ventures has been featured in Black Enterprise this week for being awarded a $1 million grant from CalOBSA to boost early-stage Black and Brown startups in Southern California with the funding to be dispersed over four years.

The funding aims to enhance the accelerator program, providing resources, mentorship, and education. Our CEO, Derek Smith, emphasizes preparing Black entrepreneurs for venture capital opportunities. Plug In Ventures plans to increase companies securing investment by 10%-20% by 2025, while expanding into new sectors and geographies nationwide.

The firm will also shift to an equity-based model, offering 5%-7% ownership, and facilitate follow-on investments directly and through their investor community.

Check out the full article here.

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Plug In Ventures Seeking Intern to Support Startup Accelerator

Plug In Ventures Seeking Intern to Support Startup Accelerator

LOS ANGELES, Feb 7, 2024 — Plug In Ventures is preparing to begin their 5th accelerator cohort and is seeking an intern to provide day-to-day operational support of the 4-month program.

Calling all undergraduate and graduate students! Join the Plug In Ventures team this Spring to gain experience working directly with early-stage startups founded by Black and Brown entrepreneurs. Supporting our Program Manager, you will have the opportunity to engage behind the scenes in programmatic planning and execution for Plug In Ventures 5th Accelerator cohort.

This remote opportunity is perfect for someone excited about and dedicated to pursuing a more equitable and inclusive venture capital space. We expect the person in this position to allocate 15-20 hours per week in order to meet the responsibilities and goals outlined in the job description.

Check out the job description for more information. Interested applicants can send their resume and a cover letter via email to Mariessa Edmonson, Program Manager at Plug In Ventures, at mariessa@pluginventures.co. Applications will be reviewed on a rolling basis.

Photo by Good Faces on Unsplash

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Plug In Ventures Welcomes Mariessa Edmonson to Spearhead Program Development

📢 FOR IMMEDIATE RELEASE

Plug In Ventures Welcomes Mariessa Edmonson to Spearhead Program Development

LOS ANGELES, Jan 24, 2024 — Plug In Ventures, a leading force in venture capital acceleration, proudly announces the appointment of Mariessa Edmonson as the newest member of its dynamic team, taking on a pivotal role in program development.

We are thrilled to welcome Mariessa Edmonson to our team at Plug In Ventures! Hailing from the Long Beach Accelerator, Mariessa’s dedication to empowering Black and Brown Entrepreneurs is truly inspiring. With her dynamic energy, creativity, and grace, Mariessa brings an invaluable spark to our mission.

Founders & VCs – Seize the opportunity to connect with her in the upcoming weeks to learn more about her role and share your insights on Plug In’s future direction! Mariessa will be on the ground supporting Founders in and around South Los Angeles and SoCal at large.

“I am honored to join the Plug In Ventures Team. Personally and professionally, I fully align with the mission of supporting and empowering Black and Brown founders. I look forward to leveraging my background and skills to amplify Plug In Ventures’ impact on the broader tech ecosystem in California and across the US,” says Mariessa Edmonson.

“It’s been a long time coming, but the timing of Mariessa joining the Plug In team is divine. We’re eager to embrace her passion as we journey towards our North Star, bolstering capital, support, community, and investment in talented Founders in and around overlooked communities. She will be a great resource to Founders, partners, investors, and LA ecosystem stakeholders ” says Derek Smith, Founder of Plug In Ventures.