WHAT IS THE PROBLEM? “Only about 2% of all venture funding goes to women!” “< 1% of angel seed funding & venture capital funding is going to Hispanic & African-American startup founders”
THIS IS A LOSS OF RESOURCES AND OPPORTUNITIES FOR ENTREPRENEURS AND INVESTORS!
How the Program Works
About the program "Startup Inclusion Program" was developed by ASI to provide resources and opportunities for women and minority entrepreneurs developing startups. We are planning to run a 12-month pilot to assess the potential impact of the program. The pilot program has been designed based on an innovative model and tools developed by industry experts and a mathematician to help early-stage startups (including social enterprises)increase their odds of success. As an entrepreneur, you will have access to objective evaluation and valuation assessment of your startup and business model, with strategic improvement suggestion provided by industry expert. At the end of the program, participants will have opportunity to pitch to potential investors or use their data to raise capital on crowdfunding sites.
The goal and objectives The goal of the program is to help early-stage startups increase their odds of success and to raise funds, while reducing stakeholders' implicit biases through our tools and approach. The main objectives of the pilot are:
To help entrepreneurs assess the valuation of their startup and what is affecting it,
Assess startups risks and learn about risks assessment and management, and
Analyze their probability of success and how to increase that.
The results will be comparable to how most investors assess growth potential of a early-stage startup prior to investment, for which they spend huge sums of money.
Desired Outcomes: We hope to achieve three desired outcomes:
Entrepreneurs learn skill sets needed to assess their startups risks and how to manage them (something that is important to investors),
Entrepreneurs can demonstrate potential of their startups through relevant data and presentation (developing effective pitch deck and pitching skill set), and
By reducing unintended/implicit biases, through our unique approach, focus investment-lense on the performance of entrepreneurs, helping investors to identify promising startups to invest in.
To be considered for the program, you will need to apply by August 31st 2018. We intend to start the program 1st of September 2018. There will be no cost or fees for entrepreneurs selected for this pilot. Note: All Information provided by the startups will be for our internal purposes only. We do not share your information with investors or other stakeholders without your consent.
Overcoming stakeholders' unintended biases
We all have implicit and unconscious biases. Our pilot program intends to reduce stakeholders' biases through a unique model and tools. Unfortunately unintended biases causes investors to lose billions of investment dollars every year. Investors miss out on promising investment deals while promising ventures have difficulties accessing capital. We hope to change that!
Including Investors and their concerns
In order for our pilot program to succeed we have included investors concerns, objectives, and investment risks. We have developed our program in collaboration with Investors to address these issues effectively. We invite early-stage investors to join our program and share its benefits with startups.
Supporting underrepresented entrepreneurs
Our program has been designed to provide innovative tools and a supportive platform for women and minority entrepreneurs who are developing startups. Our main goal is to help entrepreneurs showcase potential of their ventures to mentors and investors. We connect them to resources.
We need your support!
We are inviting investors, incubators, foundations, corporations, and thought leaders to join us. We are piloting our program in the next few weeks. As part of our pilot we will sign up women and minority owned startups to use our platform. Investors will have access to identify most promising startups.
We can reach our full potential when we include everyone to build a better world for all.