INSUBCONTINENT EXCLUSIVE:
Katie Jacobs Stanton, a former Twitter executive and co-founder of the #ANGELS investment collective, has raised $25 million for her debut
venture capital fund Moxxie Ventures.As the sole general partner, she plans to invest between $250,000 and $500,000 in underrepresented and
alongside Chloe Sladden, Jessica Verrilli, April Underwood, Vijaya Gadde and Jana Messerschmidt in 2014 with a goal of getting more women
The #ANGELS, four of whom are Moxxie limited partners, share deal flow but invest in startups independently
As for her decision to invest primarily in minority entrepreneurs, Stanton cited recent statistics.In 2019, just 2.8% of U.S
Despite efforts from new organizations like All Raise, venture capital firms tapping their first-ever female check-writers or new funds
Literati, Modern Fertility, Shape Security and Threads
As such, she was able to raise the $25 million effort in roughly six months
However, even with an extensive network of Silicon Valley heavyweights, Stanton said she pitched 279 individuals and organizations before
A whopping 29% of the entities she initiated conversations with ghosted her after an initial reply indicating interest
There are more funds than ever deploying more capital than ever
In fact, there are so many new sub-$100 million funds, there are new names to differentiate the sub $25 million funds, or nano funds, from
the $25 million to $100 million funds, or micro funds
allowed entrepreneurs to be pickier than in the past, leading to swelling valuations and frustrated investors
Stanton, like any optimistic VC, said she plans to be very disciplined and committed to the strategy she pitched LPs, meaning she will do
When I hear things valued at $20 million at seed pre-revenue, I just back away
