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Every white male VC/investor should watch this extraordinarily powerful @3percentconf 15-minute talk from
@deniselovehewtt, founder of @Scriptdinc. Every female founder should too, because we already know and have experienced everything in it (you& #39;ll cry) https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
@deniselovehewtt, founder of @Scriptdinc. Every female founder should too, because we already know and have experienced everything in it (you& #39;ll cry) https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
"4 years ago was pre- #MeToo 
https://abs.twimg.com/hashflags... draggable="false" alt="">. And as a good entrepreneur does, I was prescient. I knew that something was coming that was going to accelerate the need for what we were building." @deniselovehewtt @Scriptdinc @3PercentConf https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch... #fundfemalefounders #changetheratio
"Last year we went to Silicon Valley to build an entirely new product - a total reinvention of the screenplay...because I believe in a world where we can commercialize screenplays to create a new economy of story" @deniselovehewtt @scriptdinc @3PercentConf https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
"I set out to raise our seed round. We had traction, we had users, we had case studies, we had a clear innovation on an outdated format, great beta interaction, and the timing was finally right." @deniselovehewtt @Scriptdinc @3PercentConf https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch... #changetheratio
"And so I met with investors. 300 of them, actually. Over 7 months. 50 of whom told me I was a brilliant entrepreneur. They could not believe how much I& #39;d accomplished on so little money...but they were still passing on the opportunity." @deniselovehewtt https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
"This led me to bust some Silicon Valley myths. Because we are told that in early stage companies you bet on the founder. Because a great founder will pivot and pivot and pivot until they succeed." @deniselovehewtt @Scriptdinc @3PercentConf https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch... #changetheratio
"We& #39;re told great founders have grit. They have resilience. They do more w less. I spent 2 years talking to an industry about a problem they didn& #39;t want to admit was a problem. I have grit. I have resilience. We have done more w less. But it didn& #39;t matter" https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
"In 2016, 4.4% of venture capital went to women. That went down to 2% in 2017, it remained steady last year at 2.2%, & so far this year we& #39;re tracking at 1.6%. Despite this perceived movement towards inclusion, reality is it& #39;s going down." @deniselovehewtt https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
"And just to really demonstrate the inequity in this space, there are only 34 women of color in the history of venture capital who have raised $1million. But WOC are starting businesses at a higher rate than any other demographic." @deniselovehewtt https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
"So it& #39;s not a & #39;pipeline problem& #39;. So what& #39;s really going on? Well, 92% of partners at VC firms are men. 74% of VC firms don& #39;t even have a single female investor. And when they invest in women, we get less than half the funding of our male counterparts." https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
"When they invest in women, they invest in categories deemed & #39;safe& #39;...The female-led cos getting funded are in female-skewing categories. Fashion. Beauty. Wellness. When women start cos in gender-neutral categories, their opportunity for funding goes down" https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
"This is who owns the top 5 media companies. <shows slide of 5 white men> We don& #39;t really allow women to own entertainment companies. So it doesn& #39;t matter how much you hustle and hustle and try, the reality is you might still fail." @deniselovehewtt https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
"I decided to catalogue all my rejections from investors, and here& #39;s what I found. "I get the sense you guys are going after a good market that is ripe for change. If I was closer to the industry, I& #39;d feel more comfortable." @deniselovehewtt @3percentconf https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
When I say, men get funded on potential, women get funded on proof, and not even then - THIS IS WHAT I MEAN. "I think you& #39;re dead right w timing and macro trends, it still feels like there aren& #39;t enough proof points for us to get involved" @deniselovehewtt https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
When I say, men get funded on potential, women get funded on proof and not even then - THIS IS WHAT I MEAN. "I know you& #39;ve accomplished a lot on very little $$ but until there& #39;s track record and real growth we& #39;re not able to participate." @deniselovehewtt https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
"& #39;We decided we didn& #39;t have the pattern recognition in this vertical to be comfortable placing a bet.& #39; I don& #39;t fit the pattern. My company does not fit the pattern. And the problem w pattern matching is it upholds exclusionary practices." @deniselovehewtt https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
"Historically these industries have only been open to 1 type of person, so the pattern & the data is always going to support that. No diversity initiative is going to make a dent. But innovation doesn& #39;t come from things we& #39;ve seen before" @deniselovehewtt https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
" @UChicago did a study on this and found entrepreneurs and venture capitalists knew intellectually they should not follow the crowd, but they said they did it anyway. And long term, those VCs suffered." @deniselovehewtt @Scriptdinc @3PercentConf https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch... #diversity
"If we continue to invest in the pattern we will never reach true innovation." The Problem With Pattern Matching @deniselovehewtt @Scriptdinc @3PercentConf https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch... #fundfemalefounders #fundblackfemalefounders #changetheratio #diversity #3percentconf https://abs.twimg.com/hashflags... draggable="false" alt="">
"Now& #39;s the first time tech giants have had to reckon with what they have built and how it affects culture & society, as well as over-inflated valuations - the time is not now to invest in the pattern. The pattern has caused the implosion." @deniselovehewtt https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
"I don& #39;t believe in failure, I think failure is a beautiful growth mechanism - what& #39;s frustrating is I haven& #39;t had the opportunity to see if what I& #39;m building will fail. I& #39;m still playing small bc I haven& #39;t had the resources to get in the ring to fail big" https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
"My male peers, not all but many, are raising tens of millions of dollars after their first company has failed - to other peers who are making million dollar mistakes within their own company, which is more money than I& #39;ve had the opportunity to raise" https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
"This isn& #39;t just my story. This is @deshuna& #39;s story, the founder of @kweliTV, a streaming platform for creators of color. She& #39;s bootstrapped her business, has 25k subscribers, monthly recurring revenue, she still struggles for funding." @deniselovehewtt https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
"This is @emilybest& #39;s story, founder of @seedandspark a film crowdfunding platform. She wrote about the bias she faced raising funding. One VC told her she would need 3x the traction of @kickstarter for them to even consider an investment" @deniselovehewtt https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
"If 14 of 130 unicorns are women-owned, yet only 2-4% of venture capital goes to women, but 10.7% of unicorns are women-owned, then I think the potential is quite amazing" @deniselovehewtt @scriptd @3PercentConf https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch... #fundfemalefounders #fundblackfemalefounders
"I& #39;m still grappling with the reality of my resolution. I brought in 2 male biz partners and we unlocked funding -I& #39;m grateful, & they& #39;re fantastic allies. But it shouldn& #39;t have taken this long before male allies stepped in for us to get to the next stage" https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
This is the point @deniselovehewtt broke down in tears onstage, and many of us in the audience did too. "So I& #39;m asking you to give women the fair attention they deserve when they start something, when they imagine something, when they invent something." https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch...
"I& #39;m asking you to allow women to fail big. Because as you know from today, we are more likely to win big." Watch @deniselovehewtt& #39;s incredible @3PercentConf talk & ask yourself, HOW THE FUCK COULD ANYBODY NOT FUND THIS WOMAN?!!! https://www.youtube.com/watch?v=wBisUZdAerw">https://www.youtube.com/watch... @ekp @aileenlee @allraise
And when you watch this talk, remember - I & @makelovenotporn can& #39;t get funded either @alicebonasio @fastcompany https://www.fastcompany.com/3065232/when-prude-investors-cockblock-sex-tech-no-one-gets-off">https://www.fastcompany.com/3065232/w... Kill & #39;pattern matching& #39;. Welcome & #39;pattern explosion& #39; - or, as @justGLew @ericstromberg put it, & #39;narrative violations& #39; #changetheratio #sextech
