Startup fundraising is challenging for any founder — in any locale, of any background. COVID-19 has leveled certain playing fields, thanks to the rise of all-virtual-everything. But odds against certain underrepresented groups have persisted.
A panel of CEOs and one investor discussed the state of raising capital in Baltimore, the difficulties for raising capital for women and founders of color, and how things can change for the better during a Founder City event on Wednesday.
Founder City is a series of virtual events centered around the startup journey that will culminates in a venture capital pitch competition where the finalists present at a drive-in. The panel featured Anders Jones, CEO of Facet Wealth, which has raised $58 million; Nick Culbertson, CEO of Protenus, which has raised $36 million; Ellington West, CEO of Sonavi Labs, which has raised $4 million in seed and is closing in on a Series A round; and Calvin Young, VP at Camden Partners, an investment firm. SmartLogic CEO Yair Flicker moderated.
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