How YOU Can Get Venture Capital for Your Startup with Jaclyn Johnson
The Jasmine Star Show
Jasmine Star
4.9 • 2.8K Ratings
🗓️ 17 May 2022
⏱️ 38 minutes
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Transcript
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| 0:00.0 | I'll be home. |
| 0:14.0 | Jacqueline, I am so excited you are here. |
| 0:16.8 | This has been a long time coming. |
| 0:18.8 | But before we do an intro and before we hear your brilliance, |
| 0:22.1 | I want to read something that you recently posted or something that I had read |
| 0:25.5 | recently on Instagram. |
| 0:27.1 | So if that's okay with you, I'm going to start here. |
| 0:29.9 | Quote. |
| 0:30.9 | As the founder of Create Cultivate, there is one stat that I've heard over and over again. |
| 0:35.3 | And that is only 2% of funding goes to female founded companies and even less for women |
| 0:41.3 | of color-owned businesses. |
| 0:43.0 | This is shocking. |
| 0:44.0 | But even more shocking is the stats around women and venture capital. |
| 0:48.4 | Only 5% of VC partners are women, a staggeringly low number. |
| 0:53.4 | And the reality is money goes where money flows. |
| 0:56.0 | Deal flow is a huge part of running a fund. |
| 0:58.7 | You know who knows you. |
| 1:00.4 | This is all part of nature of doing business. |
| 1:02.7 | When it comes to fundraising, it's crucial to have more women in power deploying capital |
| 1:06.5 | to founders and evening out the deal flow we see, which is why I am so thrilled to introduce |
| 1:12.2 | at New Money Ventures, a 20 million consumer fund focused on empowering the next generation |
| 1:19.2 | of women. |
... |
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