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*Layman's January 2023 Update*
Twitter: https://twitter.com/LaymanTeam
January was a hard month to be a Black Entrepreneur. Despite meeting
our development goals, and doing so in half the time of a regular
startup, our company Layman (http://www.Laymans.appwww.Laymans.app>)
is struggling to get funding. Layman is a proudly Black-owned company,
that comes with incredible market understanding but it also comes with
VC Bias, and sadly, a few funding partnerships we were excited about
in January fell through.
To quote Marlon Nichols, the co-founder and managing general partner
of MaC Venture Capital, diverse businesses tend to take the brunt of
VC slowdowns because firms typically resort to the status quo in times
of economic uncertainty, "We've always invested in white men and
that's what we're going to do right now. That's where we're
comfortable. That's where we know and believe that we're going to get
the return." (https://u29940440.ct.sendgrid.net/ls/click?upn=xkG-2BjVt-2Bmw-2Bm7vo8xLGzEJJrmRn3i8gLpdva0ppHsibEcemY64KM3v1XGqJY9XnKkUD9T1-2BIgJsBnYB0dOPF4XLhoJTaPRO5p6aPl4Mf646iObcteP0c1grFg2-2BUpFxh85Ch_Zd6hRd3O-2Bi7TiTmhDOob5s2IlMCsHzURV9rOZDu-2FUxlyT6YJ1tPzOaeewiASzHt-2BlSf7GoCUc9Vl5T3s3gRoSNwV1qTfzTbIXEEJOSjlkEBOOq-2FyGNy9IR9MKJFliWjaaAzuxbnyFruTsBsJi4Fky39TkMiLCDOVz6cahhhjSGXJqZ7p0nhv1EY7tE3Sdglp800nY-2FXvg3g6L5YrVnQ0pg-3D-3D1)>
For our company Layman, this means that we are held to a higher
standard of scrutiny than other companies, receive less recognition
for our accomplishments, and have fewer opportunities to compete. This
is consistent with the findings of many studies that look at venture
capital investment in startups.
(https://u29940440.ct.sendgrid.net/ls/click?upn=xkG-2BjVt-2Bmw-2Bm7vo8xLGzEPF-2FTdPWe-2Fipwj5QKOZpSNU9-2Fpd-2B2-2FrCJV1F-2FPTxq1uL-2Bm5j0QuSgTpNg2-2FaeA7XhVJINgQasWxojkNLy72-2BdJrd7K9LVAxhMZMj097Uobgh7SSq_Zd6hRd3O-2Bi7TiTmhDOob5s2IlMCsHzURV9rOZDu-2FUxlyT6YJ1tPzOaeewiASzHt-2B5LXdIf5IT6177-2FrNAJsJP14RHH4FV5XPMyae-2BEF0z6Yvwn9nsDhvOwrna1Cpm0NPP7RlXXLVkr4DfAfsKTqlgId3Z2pvcC-2FR-2FWxFiGRYH-2FiEFxLg4XVcSrPeL4tT0U4jiwVQbuMpQKBd9L-2BHOzJbWQ-3D-3D2>)
However, hope is not lost. We are a community legal education platform
for underdogs by underdogs. We understand what it's like to advocate
for ourselves and strive for success despite the odds. As we look for
a lead funder to help support our launch, we're searching specifically
for those who are searching for "riskier propositions" minority-owned
companies make. Those angels out there who are willing to bet on fast
growth, great models, and passionate founders. (Shout out to the
school investment teams who already pledged support). In the meantime,
we are developing an (unpaid) internship program, tap your youngins as
we have cool projects!
The company is slowly developing towards launch, but like taxes we are
inevitable.
As always, power to the laypeople.
Venture capital for Black entrepreneurs plummeted 45% in 2022, data
showshttps://u29940440.ct.sendgrid.net/ls/click?upn=xkG-2BjVt-2Bmw-2Bm7vo8xLGzEJJrmRn3i8gLpdva0ppHsibEcemY64KM3v1XGqJY9XnKkUD9T1-2BIgJsBnYB0dOPF4XLhoJTaPRO5p6aPl4Mf646iObcteP0c1grFg2-2BUpFxh85Ch_Zd6hRd3O-2Bi7TiTmhDOob5s2IlMCsHzURV9rOZDu-2FUxlyT6YJ1tPzOaeewiASzHt-2BlSf7GoCUc9Vl5T3s3gRoSNwV1qTfzTbIXEEJOSjlkEBOOq-2FyGNy9IR9MKJFliWjaaAzuxbnyFruTsBsJi4Fky39TkMiLCDOVz6cahhhjSGXJqZ7p0nhv1EY7tE3Sdglp800nY-2FXvg3g6L5YrVnQ0pg-3D-3D
|CNBC
Race influences professional investors' judgments | Stanford News |
Stanford Newshttps://u29940440.ct.sendgrid.net/ls/click?upn=xkG-2BjVt-2Bmw-2Bm7vo8xLGzEPF-2FTdPWe-2Fipwj5QKOZpSNU9-2Fpd-2B2-2FrCJV1F-2FPTxq1uL-2Bm5j0QuSgTpNg2-2FaeA7XhVJINgQasWxojkNLy72-2BdJrd7K9LVAxhMZMj097Uobgh7SSq_Zd6hRd3O-2Bi7TiTmhDOob5s2IlMCsHzURV9rOZDu-2FUxlyT6YJ1tPzOaeewiASzHt-2B5LXdIf5IT6177-2FrNAJsJP14RHH4FV5XPMyae-2BEF0z6Yvwn9nsDhvOwrna1Cpm0NPP7RlXXLVkr4DfAfsKTqlgId3Z2pvcC-2FR-2FWxFiGRYH-2FiEFxLg4XVcSrPeL4tT0U4jiwVQbuMpQKBd9L-2BHOzJbWQ-3D-3D
--
<http://www.laymans.app>
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