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Three ways VC firms can construct sustainably diverse portfolios

Leslie Feinzaig
Contributor

Venture capital has a diversity problem: Data show that Black and Latinx founders received just 2.6% of overall funding in 2020. Women-founded teams received nearly 30% less funding in 2020 than they did in 2019.
For decades, a close-knit community of brilliant but like-minded individuals built a system of pattern recognition. It produced high-growth companies with homogenous leadership teams. They called it meritocracy. Those of us who didn’t fit the profile were told, or were left to assume, that we didn’t have what it takes.
When a founder needs funding but investors don’t think they “have what it takes,” …

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Put your city on the TC map — TechCrunch’s European Cities Survey 2021

TechCrunch is embarking on a major new project to survey European founders and investors in cities outside the larger European capitals.
Over the next few weeks, we will ask entrepreneurs in these cities to talk about their ecosystems, in their own words.
This is your chance to put your city on the Techcrunch Map!
This is the follow-up to the huge survey of investors (see also below) we’ve done over the last 6 or more months, largely in capital cities.
These formed part of a broader series of surveys we’re doing regularly for ExtraCrunch, our subscription service which unpacks …

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Startups book an expo booth at TC Sessions: Mobility 2021 to double down on connection and exposure

When it comes to fast-moving technology, mobility zooms ahead of the pack — both literally and figuratively. Early-stage startup founders and investors need to keep their fingers on the sector’s very rapid pulse and the best place to do that is, you guessed it, TC Sessions: Mobility 2021 on June 9.
If you’re eager to introduce your early-stage startup to the top leaders, investors, experts and policy makers across the mobility tech community, don’t just attend TC Sessions: Mobility — exhibit there. Double down on essential exposure and increase your opportunities.
Budget-friendly tip: The early-bird price remains active until May 5 at 11:59 …

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Investors Clara Brenner, Quin Garcia and Rachel Holt are coming to TC Sessions: Mobility 2021

The transportation industry is abuzz with upstarts, legacy automakers, suppliers and tech companies working on automated vehicle technology, digital platforms, electrification and robotics. Then there are shared mobility companies from cars to scooters and mopeds to e-bikes. And who can forget the emerging air taxi companies?
At the center of this evolving industry are the investors. Simply put: TechCrunch can’t hold an event on mobility without hearing from the people who are hunting for the best opportunities in the industry and tracking all of its changes. That’s why we’re happy to announce investors Clara Brenner of Urban …

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Foresite Capital raises $969 million fund to invest in healthcare startups across all stages of growth

Health and life science specialist investment firm Foresite Capital has raised a new fund, its fifth to date, totally $969 million in commitments from LPs. This is the firm’s largest fund to date, and was oversubscribed relative to its original target according to fund CEO and founder Dr. Jim Tananbaum, who told me that while the fundraising process started out slow in the early months of the pandemic, it gained steam quickly starting around last fall and ultimately exceeded expectations.
This latest fund actually makes up two separate investment vehicles, Foresite Capital Fund V, and Foresite Capital Opportunity Fund V, …

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Calling Danish VCs: Be featured in The Great TechCrunch Survey of European VC

TechCrunch is embarking on a major project to survey the venture capital investors of Europe, and their cities.
Our survey of VCs in Copenhagen and Denmark will capture how the country is faring, and what changes are being wrought amongst investors by the coronavirus pandemic.
We’d like to know how Denmark’s startup scene is evolving, how the tech sector is being impacted by COVID-19, and, generally, how your thinking will evolve from here.
Our survey will only be about investors, and only the contributions of VC investors will be included. More than one partner is welcome to fill …

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Calling Belfast VCs: Be featured in The Great TechCrunch Survey of European VC

TechCrunch is embarking on a major project to survey the venture capital investors of Europe, and their cities.
Our survey of VCs in Belfast and Northern Ireland will capture how things are faring, and what changes are being wrought amongst investors by the coronavirus pandemic.
We’d like to know how Northern Ireland’s startup scene is evolving, how the tech sector is being impacted by COVID-19, and, generally, how your thinking will evolve from here.
Our survey will only be about investors, and only the contributions of VC investors will be included. More than one partner is welcome to …

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Tickr, which allows retail investors to back impact companies, secures $3.4M from Ada Ventures

Tickr, an app that allows U.K. consumers to make financial investments based on their impact on society and the environment, has secured £2.5 million ($3.4 million) in funding lead by Ada Ventures, a VC which focuses on “impact” startups. The cash will be used for product development, expanding the user base, and eventually taking Tickr into other European countries from its current U.K. base.
As well as investing, the platform allows customers to spend their cash via partnerships with impact-oriented compares, and offset their carbon footprint through a subscription. The core business model is £1 p/m per customer, plus 0.30% on …

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MetroMile says a website bug let a hacker obtain driver’s license numbers

Car insurance startup MetroMile said it has fixed a security flaw on its website that allowed a hacker to obtain driver’s license numbers.
The San Francisco-based insurance startup disclosed the security breach in its latest 8-K filing with the U.S. Securities and Exchange Commission.
MetroMile said a bug in the quote form and application process on the company’s website allowed the hacker to “obtain personal information of certain individuals, including individuals’ driver’s license numbers.” It’s not clear exactly how the form allowed the hacker to obtain driver’s license numbers or how many individuals had …

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