Hope you all are enjoying this beautiful sunny, SoCal weather. The sunshine is one of many reasons why I love living in SoCal, but the main reason I love it here is our supportive innovation ecosystem.
Getting to meet so many amazing entrepreneurs and learn about the companies they are building is by far the most fulfilling aspect of my role as Venture Outreach Manager. I am continually inspired by the work they do.
Building SoCal Community
If you haven’t yet, please join us at our monthly Founder Focused Friday series, which builds community amongst SoCal-based founders. This past month we were delighted to host Jon Shieber, Venture Partner at Footprint Coalition and former Senior Editor at TechCrunch, who shared best practices on pitching your startup to the media. We are also eager to bring this group together in-person this summer. Please get in touch if you are interested in attending Founder Focused Fridays or have suggestions on topics, guests or venues for future gatherings.
SoCal Venture Pipeline Updates
To date, we have accepted 26 companies into the pipeline (see full list of companies below) and have made over 20 VC intros within the past month. To be sure, there is much more work to do.
Our mission is to ensure founders of all backgrounds have access to capital by alleviating the pain point of warm investor introductions. National investment data shows that female founders secured only 2% of venture capital in the U.S. in 2021, the smallest share since 2016, according to Pitchbook. We are encouraged with our initial efforts to find and identify promising women and BIPOC founders, with over 40% of applicants identifying as women.
Here are our June 2022 accepted companies:
Visionaize - Building the first Industrial Metaverse including VR, AR, Blockchain and AI.
Trials.AI - A web-based Smart Protocol technology to get medical treatments to patients faster.
Syntr Health Technologies - Medical Device company focused on aesthetic rejuvenation and body contouring.
Arch Platform Technologies - Providing creative infrastructure-as-a service to instantly move collaborative teams in M&E the cloud.
To see the full list of accepted companies, please visit our website or view the list below. If you know any SoCal based founders raising institutional capital, please have them apply.
Now that things are opening up, hope to see you IRL soon!
All the best,