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How I raised a $5.1M seed as a first-time, female, solo founder for a biotech co

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Re: How I raised a $5.1M seed as a first-time, female, solo founder for a biotech co

#21
Interesting that she had a much easier time raising from men than women. She mentions having a CRM with 150+ investors, so presumably this isn't just random chance based on a small number of interactions.

One possible reason is that men may have been actively looking to invest in female founders for diversity reasons. Female investors wouldn't feel the same pressure for gender diversity among their portfolio companies.

Re: How I raised a $5.1M seed as a first-time, female, solo founder for a biotech co

#22
post #7

Earlier quoted context omitted.

[flagged]

Why is that disastrous, given that you have to be obsessed and highly risk tolerant to found a new moonshot company? That's why men are more common here. It's not some conspiracy. They are simply more likely to be obsessed, unbalanced and take on risk. Crazy, if you like. See also the most dangerous jobs, and a curious lack of concern about those being dominated by men. VCs don't care about gender or any other irrele…

> Why is that disastrous

GP was quoting the article in that sentence.

Re: How I raised a $5.1M seed as a first-time, female, solo founder for a biotech co

#23

Why was gender chosen as one of the key attributes that makes you stand out? Why not where you went to school, which country/state you're from? Your family income while growing up? Your college degree? There are plenty of things that make you more unique than your gender.

Because unfortunately gender matters when trying to raise money to start a business. Investors factor it in to their investment decisions. Sometimes they do it on purpose (i.e. Are you going to have kids? Will men in ___ industry take you seriously to do deals with or want to join your team? If I give her money, will she sleep with me?) and sometimes they don't do it on purpose (i.e. Misgivings of whether she can "le…

That's all conjecture. If VCs get a sense that a male moonshot founder wants work life balance, for example, they are unlikely to invest. It's not about gender and discriminating on that kind of surface level. There are always exceptions of course, but it's not useful or reality based to extrapolate those into the rule.

Some more stats to think about, which seem to avoid these kind of conspiracies about bias or patriarchy: 93% of prison inmates are men. 70% of homeless are men. 97% of preschool and kindergarten teachers are women. 1.9% of carpenters are women.

Re: How I raised a $5.1M seed as a first-time, female, solo founder for a biotech co

#24
post #14

Despite the sex-baiting in the title, really good article with tons of actionable, non-obvious advice! I like that the founder/writer is so technically oriented, she clearly strategizes & structures her thoughts very well and I think that probably helped her with such an amazing deal (well, it looks amazing, given her starting point - though I don’t know how much of her company she gave up for that...)

Would you point out that a founder can "strategize and structure his thoughts very well" if it was a man writing?

Re: How I raised a $5.1M seed as a first-time, female, solo founder for a biotech co

#26

Earlier quoted context omitted.

Because unfortunately gender matters when trying to raise money to start a business. Investors factor it in to their investment decisions. Sometimes they do it on purpose (i.e. Are you going to have kids? Will men in ___ industry take you seriously to do deals with or want to join your team? If I give her money, will she sleep with me?) and sometimes they don't do it on purpose (i.e. Misgivings of whether she can "le…

That's all conjecture. If VCs get a sense that a male moonshot founder wants work life balance, for example, they are unlikely to invest. It's not about gender and discriminating on that kind of surface level. There are always exceptions of course, but it's not useful or reality based to extrapolate those into the rule. Some more stats to think about, which seem to avoid these kind of conspiracies about bias or patri…

How does any of these numbers change the fact that 97 percent or venture capital goes to men?

Re: How I raised a $5.1M seed as a first-time, female, solo founder for a biotech co

#28
post #14

Despite the sex-baiting in the title, really good article with tons of actionable, non-obvious advice! I like that the founder/writer is so technically oriented, she clearly strategizes & structures her thoughts very well and I think that probably helped her with such an amazing deal (well, it looks amazing, given her starting point - though I don’t know how much of her company she gave up for that...)

If you consider mention of her gender to be "bait", why did you stoop to pick it up?

Re: How I raised a $5.1M seed as a first-time, female, solo founder for a biotech co

#29
post #24
post #14

Despite the sex-baiting in the title, really good article with tons of actionable, non-obvious advice! I like that the founder/writer is so technically oriented, she clearly strategizes & structures her thoughts very well and I think that probably helped her with such an amazing deal (well, it looks amazing, given her starting point - though I don’t know how much of her company she gave up for that...)

Would you point out that a founder can "strategize and structure his thoughts very well" if it was a man writing?

Only if a man did that.

Things like systematically schedule 150 VC interviews in 4 weeks and analyse their reactions to specific words/phrases. Very geeky, very appropriate for HN. Only a true nerd would do that.

But I really don’t see why sex would have anything to do with it.

Re: How I raised a $5.1M seed as a first-time, female, solo founder for a biotech co

#30
post #26

Earlier quoted context omitted.

That's all conjecture. If VCs get a sense that a male moonshot founder wants work life balance, for example, they are unlikely to invest. It's not about gender and discriminating on that kind of surface level. There are always exceptions of course, but it's not useful or reality based to extrapolate those into the rule. Some more stats to think about, which seem to avoid these kind of conspiracies about bias or patri…

How does any of these numbers change the fact that 97 percent or venture capital goes to men?

His point is that there may be a reason for that beyond biases.

How many women want to grind away for years on a startup vs men? Probably far less.

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