Austin Startup Week 2021
Monday, October 4, 2021
Women in Tech $100,000 Investment Challenge
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Capital Factory’s Texas Fund, in partnership with Beam Angel Network, Seven Seven Six Fund, and Golden Seeds (Houston), is excited to announce the next $100,000 Investment Challenge at our 4th Annual Women In Tech Summit. The winner will also be awarded $10,000 in legal fee credits from Baker Botts. We are dedicated to increasing diversity in the tech community and making Capital Factory an inclusive environment for people of all backgrounds and identities.On October 4th, five technology startup finalists will pitch to a panel of advisors and judges made up of successful investors, entrepreneurs, and industry leaders. One will walk away with a $100,000 cash investment and a fast-track into Capital Factory.
Judging panel includes: Leigh Christie, Samina Farid, Lisa Besserman, and Lissie Garvin
Tuesday, October 5, 2021
Founders and Funders: The Fundraising Gap
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According to Techrunch, women-founded startups deliver 62% higher ROI, generate twice as much revenue per dollar invested, and take one full year less time to exit. In the past five years, VC investments in women-owned tech companies increased steadily. However, once COVID hit, and investors retreated to their referral networks and “safe investments’’, VC funding for women shrunk drastically. Crunchbase data show more than 800 female-founded startups globally received a total of $4.9 billion in venture funding in 2020, through mid-December, representing a 27% decrease over the same period.
If we invest in women at the same rate that we invest in men, this could boost the global economy by up to $5 trillion. Many 2020-2021 portfolios are missing that opportunity. In this panel we will hear from founders and funders who will discuss how the presumption of “investment safety” not only stunts ROI but is a district barrier to equity efforts.
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