The TechEd Podcast

The Right Idea, The Right Founder: How Undercapitalized Entrepreneurs are Getting Their Shot - Jennifer Abele & Raquel Filmanowicz, Managing Partners at VC 414


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Venture capital is the engine behind many of the world’s most innovative startups—but only 2% of VC funding goes to women-led businesses. Why does this gap exist, and how do we fix it?

This week Matt sits down with Jennifer Abele and Raquel Filmanowicz, Founders and Managing Partners of VC 414, a firm dedicated to funding women, minority, veteran, and LGBTQ entrepreneurs. They break down how venture capital really works, what makes a startup investable, and how educators can help the next generation of founders succeed.

If you’re teaching entrepreneurship, mentoring young innovators, or just curious about how diverse startups get funded, this is a must-listen.

Listen to learn:

  • How venture capital works and why so little funding goes to women and minority entrepreneurs.
  • What makes a startup investable—from founder traits to market potential and exit strategies.
  • The biggest mistakes first-time entrepreneurs make when pitching to investors.
  • How AI, workforce development, and education startups are shaping the future of venture capital.
  • Why technical skills alone aren’t enough—the key business skills founders need to secure funding.

3 Big Takeaways from this Episode:

  1. Diverse founders face barriers—but also bring untapped potential.
    Only 2% of VC funding goes to women-led businesses, despite data showing they often outperform male-led startups. VC 414 is working to change this by providing early-stage funding and mentorship to underrepresented founders, particularly in workforce, education, government, health, and wealth.
  2. The best founders are coachable, resourceful, and relentless.
    Investors look beyond ideas—they bet on people. VC 414 prioritizes grit, adaptability, and strong communication skills when selecting startups. A great founder can stretch $1, adapt to market changes, and take feedback without ego. Without these traits, even a promising idea can fail.
  3. Education plays a critical role in developing future entrepreneurs.
    Technical education provides a strong foundation, but business acumen, networking, and problem-solving skills are just as crucial. Founders who lack access to networks and mentorship often struggle to raise capital, which is why VC 414 not only invests in startups but connects entrepreneurs to key industry relationships to accelerate their growth.

Resources in this Episode:

To learn more about VC 414, visit their site: vc414.com

Startups mentioned in this episode:

  • Mastertech.ai
  • Even
  • Rex K-12

Are you an entrepreneur? Find out how to get connected with VC 414.

Connect with the VC 414 Online:

LinkedIn  |  Connect with Jennifer  |  Connect with Raquel

We want to hear from you! Send us a text.

Instagram - Facebook - YouTube - TikTok - Twitter - LinkedIn

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The TechEd PodcastBy Matt Kirchner

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