Newsletter: Week of Jan. 16th

Read up on all the exciting developments in VC + all that IVCC has going on!

Author

Ivey Venture Capital Club
January 16, 2023

News: Latest news in VC, and tech at large!

There are vast racial disparities in VC funding, we all know that. Just how bad is it? Well, black founders raised just 1% of all raised capital in the US in 2022 and 1.3% in 2021, despite making up over 13% of the US population. Regardless of conditions, the percentage of capital raised by this demographic is barely moving, despite capital flooding the markets. Click the article below to read more!

2022's VC funding numbers have come in and seemed to douse the record-breaking frenzy of 2021. Experts say to expect more of the same for 2023, however, was the $445 billion raised in 2022 really that bad? Despite the slower funding environment of 2022 investors still spent $100 billion more last year than in 2020, making 2021 look far from normal. Click the article below to read more!

IVCC Coverage & Quote of the Day

  • Sign up for the upcoming IVCC x FRV information session on January 17th, 2023 at 6:00 PM

  • Sign up for the IVCC Portage information session on January 24th, 2023 at 6:00 PM

“The venture capital business is a 100% game of outliers- it’s extreme exceptions.” 

Mark Andreesen

VC Investment Strategy of the Week

American Dynamism is an investment strategy pioneered by GP Katherine Boyle from VC Andreessen Horowitz which intends on investing in companies that work on combating American stagnation. Through institutional failure and loss of civic trust, the government lacks the tools to tackle rapidly changing and complex issues as evidenced by COVID-19 and supply chain crises. In turn, startups have begun stepping in where the government has failed to act quickly, which is the case in sectors such as aerospace and defense.

Startups that have supported this movement include Flock Safety and Hadrian. Flock Safety is a company focused on public safety, creating small cameras that identify cars and license plates to help fight crimes involving vehicles. These smaller and more affordable cameras are vastly superior to the current legacy models on the market created internally by the government. On the other hand, Hadrian is an aerospace company that is revolutionizing the way precision components are manufactured. Hadrian’s founder, Chris Power, noticed a lack of automation in aerospace manufacturing that could only be solved through re-engineering the entire production process prioritizing software and automation. A rapidly changing world creates white space for new start-ups to pick up where institutions fail, paving the way for American Dynamism.

Job Opportunities

For everyone looking for opportunities in VC and tech, here's a list: