Anthony Frasier’s new Rutgers-backed podcast will offer the cheat sheet for getting startup funding
by Brick City Live | June 5, 2017
Anthony Frasier, the author of Don’t Dumb Down Your Greatness and founder of Brick City Tech Meetup and The Phat Startup, is launching a new multicultural branded podcast network entitled “VC Cheat Sheet”.
“VC” refers to venture capitalists, who provide funding to get businesses started and keep them going. Women and founders of color receive notoriously low percentages of all venture capital in the tech word. Black founders, for example, receive less than one percent of venture capital funds, according to figures cited by Fast Company and elsewhere.
Frasier is releasing his podcast in partnership with Rutgers’ Center for Urban Entrepreneurship and Economic Development. It will include interviews with venture capitalists, entrepreneurs and other industry experts about the secrets to raising venture capital for tech and tech-enabled ventures and “an in-depth listen to a variety of fundraising advice rarely given to Black and Latino tech entrepreneurs,” in keeping with the mission of CUEED’s Black and Latino Tech Initiative.
Frasier proved adept at connecting underserved communities with the venture capitalist set with Phat Startup events and his successful Tech808 conference. With the podcast, access to this insider knowledge can travel farther and faster then ever. Frasier posits that in addition to bias driving low numbers of funding to women and people of color, a knowledge and connection gap is also at issue.
“It’s no secret the lack of funding people of color and women receive in the tech industry. Bias plays a huge part, but also the lack of network and advice these founders have access to” said Frasier, according to a statement about the podcast.
In addition to his previous ventures, Frasier had an early, formative experience that exposed him to this issue as one of eight founders CNN profiled on its hit documentary Black in America 4: The New Promised Land – Silicon Valley. “This is the candid advice I wish I would’ve gotten before my first meeting with a VC,” said Frasier, “so I hope founders don’t listen to this as just entertainment, but more of a mentor and mentee relationship.”
The VC Cheat Sheet show will feature interviews and advice from Brad Feld of The Foundry Group, Kai Bond of Comcast Ventures, Porter Braswell of Jopwell, and others. The podcast will be available on iTunes, Google Play, SoundCloud, Stitcher and vccheatsheet.com.
Rutgers CUEED developed the Black and Latino Tech Initiative to address this challenge using the business school’s resources.
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