Over the 2020 summer, Kokopelli Capital surveyed our portfolio, asking our founders how they felt about their company’s diversity, equity, and inclusion (DEI). While we’re proud of the diversity amongst our portfolio, this survey showed that we, like most of the startup world, have a long way to go. The survey showed that our founders are working to educate themselves on DEI issues and implementing DEI policies, but largely needed help cutting through the noise.
Hidden amongst the replies was one outlier — soona. Liz Giorgi, soona Co-Founder…
As a founder, you will meet hundreds of people who want to see you succeed. They can come from your friends, family, random coffee meetings (when there is not a pandemic), fortuitous email intros, ‘get to know you’ zoom meetings, conferences, and everything in between.
These are allies to you and your company, and they will become too many to remember.
You may not know exactly how these encounters can serve your company in the moment. In fact, they’re often stuck wondering the same thing themselves.
That’s okay. Just don’t lose them.
GCVF operates like a startup. 2020 marked our first major ‘product release’ – the Greater Colorado Pitch Series.
As is our goalsetting dogma, we had one ‘primary goal’ —source at least one incredible founder team to invest in. Having met a few of our pitch series founders in-person this past week, and we’re confident we blew this goal out of the water.
That said, we embrace the role this pitch series can play in the larger Colorado startup ecosystem. …
The Greater Colorado Venture Fund is excited to announce the seven rural Colorado-based companies to pitch during the Greater Colorado Pitch Series Finals Broadcast, July 30, 2020, 12–2 PM MT.
Full disclosure — this is a repost of a press release issued on June 9th, available here.
Startups located in rural Colorado outside of the Fort Collins through Colorado Springs urban corridor have until June 30, 2020 to apply for up to $250,000 in investment from Greater Colorado Venture Fund (GCVF) through the newly launched Greater Colorado Pitch Series. This virtual and fully remote pitch event will be broadcast online on July 30, 2020.
In 2019, the vast majority of the $2.5 billion in venture capital invested into Colorado startups went to the Front Range urban corridor. Greater Colorado Venture…
Recently, in the process of seeking partners for the Greater Colorado Pitch Series, we came across a novel requirement from a foundation — all partner organizations must have a formal non-discrimination policy.
Frankly, this was a miss on GCVF’s part.
As a team of three who take pride in our lean and mean organization, formal policies are not our strength. We have deep trust in each other’s consistent and respectful conduct. Our partnership places a high value on transparency. We’d like to think that is all the structure we need to ensure a culture that is respectful and equitable to…
For Kiah Hochstetler, COO of Goodworks Ventures, the ideas of the summit were missing one thing: concrete and objective–numbers.
Revenue-based investment (RBI) sounds great, but what are the real financial consequences associated with it? How do you know if a company can afford RBI?
Kiah enlisted excel-guru Stephon Smith, founder of Modulus Financial, and just a month later…
For many companies, capitalizing on an opportunity requires outside capital. However, many startups don’t have the collateral or operating history to secure debt.
Nearly all startup literature says that if you can’t secure debt, you need to raise venture capital. And that all venture capitalists invest with equity Structures. As a result, most founders tend to start with an eye toward equity investment.
Equity is simple to understand, but not always the correct tool for the job, as most founders aren’t explicitly in business to get acquired or IPO.
Among new funding options within this debt-equity chasm, revenue-based investing (RBI)…
In order for new risk capital structures to become common practice, we need to create a common way of discussing them.
>>Download the complete vocabulary and all diagrams HERE.
Recent innovative financing structures from firms like TinySeed, Earnest, Indie VC, Womble Bond Dickson, or Purpose Ventures are designed to serve founder profiles left out of the equity paradigm. VC 2.0 widens the aperture of founders who can access risk capital.
However, for many founders and investors, parsing the similarities and differences between these funding structures can be overwhelming. These documents were drafted by brilliant lawyers, for brilliant lawyers.
The old and still predominant risk capital landscape is an equity monopoly.
Sand Hill Road was built on the backs of a subset of a subset of companies who were a fit for venture capital–and then executed brilliantly. These are magnificent success stories that provided magnificent, deserved returns for their investors and employees.
Unfortunately, all current day methodologies, classes, events, frameworks, and vocabulary in the startup world are created to perpetuate this one specific paradigm for funding, growing, and exiting .1% of companies. …
Greater Colorado Venture Fund | Startup Colorado | Kokopelli Capital … Small Towns + Big Ideas @jam_finney