Session: Why don't more minorities launch VC backed companies?
The economic opportunity is there for the taking. Underestimated and diverse founders are undervalued assets: VC misses out on $4 trillion by not investing in diverse founders. So what can the venture capital industry do to diversify venture? PLus 4 specific initiatives that can help.
- Successful tactics to thrive as a founder in tech, from a Y Combinator, Latina Founder turned VC
- Tips for fundraising and for managing your team
Rachel ten Brink is the General Partner and Founder of Red Bike Capital. Named Entrepreneur Magazines' 100 Powerful Women of 2020. Rachel is a Data Driven, Product Obsessed Investor, Founder, and Board Member, and a Top Latinx in Tech leader. Rachel was the co-founder and CMO of Scentbird, a Y-Combinator backed fragrance subscription service that raised $29M in venture funding. Rachel led Growth, Brand and Business Development, scaling the company to over 500,000 subscribers. Before this, she spent 20 years building billion dollar brands at top consumer companies including Elizabeth Arden, Estee Lauder, Gillette, L’Oreal, and Bacardi. She is a Y Combinator alumnus, #500 strong, and was recognized as Top 50 Latinx Tech Leaders in the US ($10B in exits). She is one of just 90 Latinas to have ever raised over $1M in VC funding, and part of the 0% of Latina Women that are GPs in Venture.