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How To Correct the Venture Capitalist Diversity Problem With Seth Levine
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Seth Levine is the Co-founder of Foundry Group, a venture capitalist agency focused on making early-stage technology investments, participating in select growth rounds, and identifying and supporting the next generation of venture fund managers. Seth is an active participant in the global entrepreneurial ecosystem, serving as a board member and advisor for multiple global venture funds, including The Unreasonable Institute, Lagos-based Ingressive Capital, and Sadara, a venture fund located in the Middle East. His book, The New Builders: Face to Face With the True Future of Business, considers how the nature of entrepreneurship is changing in the US.
In this episode…Entrepreneurialism is the precipice for business-minded individuals. Owning a business has benefits that standard corporate positions can’t contend with, such as cultivating a company culture and controlling your calendar. Although these factors appeal to many business professionals, many entrepreneurs have abandoned their dreams due to insufficient resources and funding.
There is a widely held misconception that startup founders in the US are primarily Caucasian males. The truth is that women, people of color, and immigrants dominate the US entrepreneurial landscape. Seth Levine, a venture capitalist, explored this phenomenon in his book, The New Builders. In his research, he discovered the venture capital industry suffers from a diversity problem — overlooking the nuances of entrepreneurs in varying industries. To correct this oversight, Seth aims to support small business founders with the resources and funding needed to kick-start their entrepreneurial journey.
On this episode of The First Buck Podcast, Nicolas Cary welcomes Seth Levine, Co-founder of Foundry Group, to discuss the current entrepreneurial landscape of the US and his plans to better support small business owners and the economy at large. Seth also offers advice for entrepreneurs preparing to pitch their business ideas and tips for managing stress as a business owner.
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