Everything You Want and Need to Know About Fundraising for Your Business with Shayna Harris, Founder of Supply Change Capital
Dear FoundHer...Real Founder Stories for Women Small Business Owners
Lindsay Pinchuk
4.9 • 1.1K Ratings
🗓️ 1 March 2022
⏱️ 45 minutes
🧾️ Download transcript
Summary
In today’s episode, host Lindsay Pinchuk is joined in conversation with Shayna Harris, Co-Founder and Managing Director of Supply Change Capital, to answer all your questions about financing and fundraising.
Shayna Harris and her partner, Noramay founded Supply Change Capital in 2020 to address the enormous gap in who gets funded and how wealth is created. 97% of venture funding goes to white men. White men are 30% of our population. Today, Supply Change Capital has invested in five women-led businesses, one of which has raised over $2 million in capital.
Tune into this week’s episode of Dear FoundHer… for an in-depth conversation about fundraising for your business. Learn more about the different ways you can raise money and the importance of strengthening your network so you can find the right investors that will help your business succeed.
Quotes
• “I realized that in order to really achieve sustainability in the food system, we needed to have a lot more entrepreneurship in the ecosystem.” (07:17-07:25)
• “If you're going to invest in the future of food, we thought it was critical that you were investing in entrepreneurs that represent the diversity of the U.S.” (12:28-12:35)
• “Your angel investors are those first small checks that are a few hundred or a few thousand depending on the access to your network that can kind of help you get going. They are the folks that are really betting on you as a founder.” (15:44-15:54)
• “The research has shown that women and people of color don't have equal access to those friends and family networks for their ideas.” (18:18-18:24)
• “If there are founders in your town, network or in your industry that you admire, they can be a really good way for you to get introductions to investors.” (32:25-32:33)
• “When you take venture capital funding at a certain valuation, you're going to be expected to hit some pretty aggressive goals in the subsequent months and years.” (38:02-38:10)
• “When starting a business, you know you’re ready when you can’t stop thinking about it. You just have to go for it.” (39:32-39:47)
Connect with Shayna Harris:
http://www.instagram.com/mamashayna
http://www.instagram.com/supplychangecapital
Please don't forget to rate, comment, and subscribe. Want even more resources for growing your business? Join the Dear FoundHer Facebook Community for more discussion with other female founders, business owners, and entrepreneurs: https://www.facebook.com/groups/dearfoundher
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For more from Lindsay Pinchuk:
• Visit her website to grab one of her FREE quick guides: https://www.lindsaypinchuk.com/
• Or follow her on Instagram: https://www.instagram.com/lindsaypinchuk/
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Transcript
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| 0:00.0 | Dear Founder, as you know, there's no blueprint for entrepreneurship. You wear so many hats, |
| 0:09.8 | you burn the minide oil, you pour your heart and soul into everything that you do. But without a |
| 0:14.8 | doubt, the journey is worth every single second that you put into it. I'm Lindsay Pinchuk, |
| 0:20.5 | host of the Dear Founder podcast. I say this |
| 0:23.4 | because I've lived it for over a decade. I started my first company with $500 in my pocket and a |
| 0:29.2 | baby in my belly. I grew it and I sold it all. This podcast is my weekly letter to you. |
| 0:35.6 | We'll talk all things starting, growing, nurturing, and in some |
| 0:39.7 | cases even selling a business. Together with some of my closest contacts, I'm here to help you find |
| 0:45.2 | your own success, whatever that means to you. The ride as a founder is the ride of your life. |
| 0:50.8 | So come on and join me for another episode that will get you one step closer to |
| 0:55.0 | reaching your own founder goals. Welcome back to another episode of Dear Founder. I'm really |
| 1:01.2 | excited for you to meet today's guest, Shane Harris, co-founder and managing director of supply |
| 1:06.8 | change capital. But before I introduce you, in today's episode, we talk a lot about the many |
| 1:11.6 | lessons we wish we knew before we started our own ventures. As you continue to learn and grow your |
| 1:16.6 | own business, I invite you to join me once a month in my exclusive group, Founder Confidential. |
| 1:21.7 | From exclusive podcast content, ebooks, and monthly Zoom lessons with Q&A will cover various topics on founding, growing, |
| 1:29.2 | and selling a business. From time to time, I'll even bring on special guests and more. |
| 1:33.9 | Click the link in my show notes for more information. We're kicking off in April. |
| 1:38.4 | Today's episode is all about a topic I wish I had known more about when I started my own company, |
| 1:46.1 | and that is raising capital and all of your options. This is something I am never shy to share, and honestly, |
| 1:51.0 | I was so excited when Shane Harris agreed to come on to today's episode. |
| 1:56.1 | Shane Harris is the co-founder of managing director of supply change capital, an early stage venture firm |
... |
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