In today’s episode, host Lindsay Pinchuk is joined in conversation with Shayna Harris, Co-Founder and Managing Director of Supply Change Capital, to answer all your questions about financing and fundraising.

Shayna Harris and her partner, Noramay founded Supply Change Capital in 2020 to address the enormous gap in who gets funded and how wealth is created. 97% of venture funding goes to white men. White men are 30% of our population. Today, Supply Change Capital has invested in five women-led businesses, one of which has raised over $2 million in capital.

Tune into this week’s episode of Dear FoundHer… for an in-depth conversation about fundraising for your business. Learn more about the different ways you can raise money and the importance of strengthening your network so you can find the right investors that will help your business succeed.

Quotes

• “I realized that in order to really achieve sustainability in the food system, we needed to have a lot more entrepreneurship in the ecosystem.” (07:17-07:25)

• “If you're going to invest in the future of food, we thought it was critical that you were investing in entrepreneurs that represent the diversity of the U.S.” (12:28-12:35)

• “Your angel investors are those first small checks that are a few hundred or a few thousand depending on the access to your network that can kind of help you get going. They are the folks that are really betting on you as a founder.” (15:44-15:54)

• “The research has shown that women and people of color don't have equal access to those friends and family networks for their ideas.” (18:18-18:24)

• “If there are founders in your town, network or in your industry that you admire, they can be a really good way for you to get introductions to investors.” (32:25-32:33)

• “When you take venture capital funding at a certain valuation, you're going to be expected to hit some pretty aggressive goals in the subsequent months and years.” (38:02-38:10)

• “When starting a business, you know you’re ready when you can’t stop thinking about it. You just have to go for it.” (39:32-39:47)

Connect with Shayna Harris:

http://www.instagram.com/mamashayna

http://www.instagram.com/supplychangecapital

www.supplychangecapital.fund

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For more from Lindsay Pinchuk:

• Visit her website to grab one of her FREE quick guides: https://www.lindsaypinchuk.com/

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