Menu Close

3 Black investors share what they are prepping for come the new year

This year’s been eventful for investors and founders alike. Just as it seemed the venture capital boom of 2021 was slowing down, the startup and VC worlds spun on their axes practically overnight, birthing a new dynamic where “growth at all costs” was quickly replaced by a more measured and careful approach to business and investing.

For 2023 then, it appears investors are focusing on trends that are relatively safer and likelier to bear fruit. Xfund’s vice president, Jadyn Bryden, and Lightship Capital’s principal, Alexis Alston, told TechCrunch that they are focused on generative artificial intelligence.

“I’m looking forward to seeing how AI can contribute to scaling previously human-led areas of business, such as sales, social media, marketing and content development,” Alston said.

According to Richard Kerby, a general partner at Equal Ventures, vertical software is a good subsector to watch. “What that looks like in practice is software that provides some sort of workflow improvement to a category that enables a company to monetize via a variety of financial services,” Kerby said. “Some of the sectors that we will be exploring include supply chain, logistics, insurance, construction and e-commerce enablement.”

When it comes to funding for under-represented founders, the investors mostly agreed that not much was likely to change. While Alston said she was concerned that the numbers were going to drop, Bryden believes that more venture dollars would go to Black founders as there are “increasingly more diverse investors each year.”

“It is a slow progression,” she said, noting that more diverse-led firms are popping up to support Black founders. “Having Black decision-makers at the table can be a great way to make sure that Black founders have representation across the board.”

Read the full survey here to find out what these investors expect in 2023, which laws and policies they’re keeping an eye on and the best way to pitch them.

3 Black investors share what they are prepping for come the new year by Dominic-Madori Davis originally published on TechCrunch

For 2023, it appears investors are focusing on trends that are relatively safer and likelier to bear fruit
3 Black investors share what they are prepping for come the new year by Dominic-Madori Davis originally published on TechCrunch   TechCrunch 

Generated by Feedzy

Disclaimer

Innov8 is owned and operated by Rolling Rock Ventures. The information on this website is for general information purposes only. Any information obtained from this website should be reviewed with appropriate parties if there is any concern about the details reported herein. Innov8 is not responsible for its contents, accuracies, and any inaccuracies. Nothing on this site should be construed as professional advice for any individual or situation. This website includes information and content from external sites that is attributed accordingly and is not the intellectual property of Innov8. All feeds ("RSS Feed") and/or their contents contain material which is derived in whole or in part from material supplied by third parties and is protected by national and international copyright and trademark laws. The Site processes all information automatically using automated software without any human intervention or screening. Therefore, the Site is not responsible for any (part) of this content. The copyright of the feeds', including pictures and graphics, and its content belongs to its author or publisher.  Views and statements expressed in the content do not necessarily reflect those of Innov8 or its staff. Care and due diligence has been taken to maintain the accuracy of the information provided on this website. However, neither Innov8 nor the owners, attorneys, management, editorial team or any writers or employees are responsible for its content, errors or any consequences arising from use of the information provided on this website. The Site may modify, suspend, or discontinue any aspect of the RSS Feed at any time, including, without limitation, the availability of any Site content.  The User agrees that all RSS Feeds and news articles are for personal use only and that the User may not resell, lease, license, assign, redistribute or otherwise transfer any portion of the RSS Feed without attribution to the Site and to its originating author. The Site does not represent or warrant that every action taken with regard to your account and related activities in connection with the RSS Feed, including, without limitation, the Site Content, will be lawful in any particular jurisdiction. It is incumbent upon the user to know the laws that pertain to you in your jurisdiction and act lawfully at all times when using the RSS Feed, including, without limitation, the Site Content.  

Close Bitnami banner
Bitnami