Summer is traditionally a slowdown when everyone, particularly investors, peace out and nothing much gets done. I don't know about you, but my summer has been bonkerballs nonstop craziness.
Among all of the events, keeping up with the pace of new members and customers, product development, advocacy work, and travel, a new report published by the Center for Venture Research at the University of New Hampshire caught my attention: 🙋♀️ 47% of angel investors are women, a 39% increase since 2021.
🙋♀️ 46% of entrepreneurs seeking angel capital are women-owned, a 62% increase since 2021. |
Angel investing is not venture investing and women are putting our money to work funding the innovations we want to see in the world and making a profit while we're at it. Women angels and founders are the future limited partners.
► Entrepreneurs seeking angel capital have a 24% (nearly 1 in 4) chance of securing an angel investment.
► Women founders have an even HIGHER chance at 29%.
"This high percentage of women presenting, and the higher women yield rate (above the overall market yield rate), indicates that these women-led deals are of high quality."
These numbers reflect a positive shift in the investment landscape, showcasing the impact of increasing female representation among angel investors. More women investors mean more opportunities for diverse founders, leading to a richer, more innovative entrepreneurial ecosystem.
This is even more inspiring when you consider that angel investors are a hugely under-allocated capital class. When investors evaluate new opportunities, we inherently view people we identify with as less risky. Watch the 2 minute video clip below for more on that topic.
My foundational research 5 years ago gave me conviction that we would see an increase in angel diversity and investing activity. We are building the infrastructure at Scroobious to efficiently connect aligned angels and founders to quickly drive innovation. |
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| Keep reading to explore great upcoming events and opportunities below, and don't overlook our featured founder at the end! Thank you for reading. Thank you for supporting us. I appreciate you. |
Allison Byers, Founder & CEO |
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MassChallenge Early-Stage Cohort: Congratulations to the 9 Scroobious members who comprise 7% of the newest MassChallenge latest early-stage cohort! These founders make up 7% of the latest cohort. If you're an accredited investor, check out the following pitches on our platform:
All Founders Left to Right: Jason Hoffman-Bice, Ph.D., Nicolette Driscoll, Bonnie Gurry, Joanna Shu, Anastacia Yefimenko, James Waring, Alex Berkowitz, Irena King, Marcel Maroist.
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Virtual Workshop: One of the core pillars of a strong, investor-compelling pitch deck is the story, best told through effective headers. Join us on 8/20 from 2-3 pm ET for a workshop that will teach founders how to utilize headers and why they are crucial to a winning pitch story. |
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ACA Women's Investor Forum: Sep 4-5, Boston. The Angel Capital Association hosts an annual gathering of its angels and aspiring angels for the Women's Investor Forum. Everyone is welcome! This year we will be at the Foley Hoag offices in Seaport West, Boston on September 4th and 5th. The forum will kick off at 4pm on the 4th with a screening of the documentary Show Her the Money and a reception and conclude at 5 p.m. on the 5th after a fun filled day of great content, conversations and networking.
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ConV2X 2024 Boston: Sep 10-11, Quincy, MA, Blending Platforms for Patient and Enterprise Success in Healthcare & Life Sciences. This is the leading C-Suite conference focused on platforms, AI, and decentralized technology,
bringing together global industry authorities to this 2-Day event. I'll be speaking about leveraging technology to drive diversity and inclusivity in the startup and investing industries and why it's essential to integrate advocacy into business strategies.
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Yale Innovation Summit Replay: One month ago, I had the honor of speaking on the opening panel of the Yale Ventures' 10th annual Yale University Innovation Summit about the intersection of social entrepreneurship and innovation. This was an incredibly enlightening panel discussion and I strongly encourage you to watch the whole thing.
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Zappy Awards: Each year, Zapier users automate more than 24 billion tasks, and to celebrate the people behind this magic, they're launching Zapier’s first-ever customer awards, the Zappys. Winners receive a $5,000 cash prize and more. Applications due 8/4.
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100&Change: The John D. and Catherine T. MacArthur Foundation announced the launch of a new round of its 100&Change competition for a single $100 million grant to help solve one of the world's most critical social challenges. The registration period is now open and closes 8/15.
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mHub MedTech Accelerator: The mHUB MedTech Accelerator is a 6-month program that fast-tracks high-potential startups through hands-on product development in a state-of-the-art prototyping facility supported by world-class corporate and venture investors. Applications due 9/12. |
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LegalZoom Fast Break Grant Program: Legal Zoom's Fast Break for Small Business is a grant program for small business owners that aims to assist them with the tools and resources they need to start and grow their businesses. Winners receive a $10,000 small business grant and/or up to $500 in LegalZoom products and services. Applications due 9/13.
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Some of the many wins from our community this month.
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- Joe Beyene, founder of Nanoplex, was a speaker at INFEST-igate LYME, an event sponsored by The Tufts Lyme Disease Initiative.
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Sunny, co-founded by Cindy Belardo, earned its has earned 510k Clearance with the FDA.
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Dana Fry, founder of Ujamaa Financial, is a finalist in MIT Solve's 2024 Global Economic Prosperity Challenge.
Mother of Fact, founded by Emily Sylvester, was accepted into Village Capital's LIFT: Accelerating Equitable Health Innovation program.
Farmer Foodie, founded by Ali Elliott, is the winner of the Enthuse Foundation's digital marketing grant.
Allison, founded by Brian Alvarez-Bailey, was accepted Google for Startups Black Founders Cohort. -
Co-founded by Orleatha Smith, Sip Herbals was accepted into Gener8tor's MSP Equity Accelerator.
David Charlot, co-founder of AuraSense, is one of 200 founders who've been accepted into the inaugural AFROTECH Founder Circle. Atlas Urban Farms, founded by Connor Harbison, is now operating in 8 states. -
MyHomePathway, founded by Castleigh Johnson, received its MinorityBusinessEnterprise (MBE) Certification from the State of New Jersey.
The following companies were accepted into MassChallenge's latest US Early-Stage Cohort: Fourier, NeuroBionics, Green Portfolio, FeezeNit, Elcove, Somnea Health, Coastal Protection Solutions, Surgicure Technologies, KAT Innovation.
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Each newsletter features the perspective of one of our members. I encourage you to reach out to offer networking, investment interest, or expertise. |
This month, we highlight Jenna Rodier, Founder and CEO of Together
Bands, a stylish bracelet that can be used in an emergency to directly notify the police during unsafe situations. Unlike other products on the market, Together Bands do not rely on smartphone connectivity.
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"After seeing the suffering of my college friends and peers who were sexually assaulted with no way to get help when they needed it the most, I knew I needed to find a way to equip young women with a discrete way to get help in moments of crisis. I left behind my career as a third-grade foreign language teacher and dove headfirst into calculus and physics to equip me with the skills to bring the Together Bands to life. Now, with a Masters in Mechanical Engineering, I am continuing with my passion of giving women a phone-free, discrete way to get help from emergency services in dangerous moments."
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Do you want to be more Scroobious? Let's chat! |
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