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Black founders can pitch for a $100,000 investment

 3 years ago
source link: https://austinstartups.com/black-founders-can-pitch-for-a-100-000-investment-c72393ef20fe
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Panel discussion during Capital Factory’s 2019 Black in Tech Summit

Black founders can pitch for a $100,000 investment

Capital Factory is excited to announce the 3rd $100,000 Investment Challenge at our annual Black in Tech Summit. We’re dedicated to increasing diversity in the tech community and making our community an inclusive and welcoming environment for people of all backgrounds and identities. Annual Diversity, Equity and Inclusion Summits focused on key under-represented groups are one example of how we try to do that and we’re starting to see some results.

On February 16th, during Capital Factory’s Black in Tech Summit, five technology startup finalists will be judged by a panel of successful entrepreneurs, industry leaders and mentors. One startup will walk away with a $100,000 investment that day!

Startups! Submit your application

Who can apply?

Any tech or consumer startup with a black founder can apply to pitch at our Black in Tech Summit.

The best opportunity and pitch will receive:

  • Admission to Capital Factory’s VIP Accelerator
  • $100,000 cash investment on a SAFE or Convertible Note using Capital Factory’s term sheet and your most recent funding valuation
  • Access to the Capital Factory Mentor network
  • Up to $250,000 in potential total hosting credits from AWS, Google Cloud, Microsoft Asure and other major hosting providers (each individual offer is different and subject to change)
  • Featured on an episode of Capital Factory’s Austinpreneur podcast

Think you’ve got a shot at $100,000? Apply now to be one of five teams selected to pitch. You could walk away with $100,000 and a new home at the Center of Gravity for Entrepreneurs in Texas! Application deadline is January 22.

Want a chance to pitch? Submit your application

Who has won Capital Factory’s Black in Tech Investments before?

Winners include thriving Texas startups like Dallas-based ShearShare, Houston-based GroupRaise, and Austin-based Journey Foods. We’ve helped winners connect with customers, mentors, and secure capital from Google, Revolution’s Rise of the Rest Fund, Backstage Capital, and many other VC investors.

Dallas’ ShearShare has a marketplace connecting stylists with available seats at salons and $2.3 million in funding

Houston’s GroupRaise is a marketplace that helps groups of 20–200 people make reservations at restaurants willing to donate a percentage of the sales back to a charitable cause.

Austin’s Journey Foods uses AI to create sustainability recipes for food manufacturers.

Could you be next? Submit your application


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