Resources for Extending your Runway
During and post- COVID
Post was originally published in July 2020 and has been updated monthly, through October for relevancy.
You keep hearing that you need 24-30 months of runway during this time. You’ve already pivoted, scoped down your product offering and improved your revenue stream -- and you don’t want to take out a loan. What are your options?
Here are (un-affiliated) resources to help you get in front of VCs:
StartEngine pitch competition (Sept 18 deadline) TechSparks CONNECT Pitchfest (Oct 10 deadline)
VCs investing in minority founders
Not every start-up is a fit for VC; here are (un-affiliated unless otherwise stated) alternatives to venture funding:
Grants, as recommended by George Le. Here are my recommendations:
Black women-owned business: Visa
Grants available to minority founders
Grant and virtual workshops from Tory Burch Foundation (Nov 12 deadline)
South LA Founders (October 9 deadline)
Global InvestHer Community of founders and investors
805 start-ups (weekly, virtual) community check-in
dot.LA Summit (October 27 & 28)
(Free) Course on Venture Deals and Financing from Kauffman Fellows and Techstars
Please reach out and let me know which resource helped you.
You may also like:
Talk on systematizing Product Market Fit from the very beginning
YC Startup Library of previously published advice, based on work with 2K+ start-ups over last 15 years
*Irina is an advisor on the CoFoundersLab platform