Based by Kenya Burrell-VanWormer and Katherine Winston, the advisory group accomplished the formation of a mentorship group and raised $3 million in its first 12 months in operation, in response to the report.
Flip up the quantity on actual property success at Inman On Tour: Nashville! Join with business trailblazers and top-tier audio system to realize highly effective insights, cutting-edge methods, and invaluable connections. Elevate your corporation and obtain your boldest objectives — all with Music Metropolis magic. Register now.
Fairness Angels has launched a 2024 Impression Report on its first 12 months as a startup advisory agency specializing in truthful entry to the sources that assist companies scale.
The group launched in January 2024 in an effort to discover a answer to the inequity nonetheless rife inside enterprise capital markets. Based by Kenya Burrell-VanWormer, previously chief development officer at proptech startup New Property Solely and now adjunct professor at Houston Neighborhood School instructing proptech, digital advertising and marketing, and expertise integration for actual property professionals and Katherine Winston, a founding member of analytics agency Plunk and now targeted solely on Fairness Angels, gives mentorship, fractional executives and fundraising preparation for corporations based by entrepreneurs from various demographics.
TAKE THE INMAN INTEL INDEX SURVEY FOR JANUARY
Each girls function managing companions of Fairness Angels.
Highlights of Fairness Angels’ first 12 months in operation embody the formation of its mentorship group, which incorporates Nationwide Honest Housing Alliance Senior Vice President Laurie Banner, Twenty 5 Ventures founder Maximillian Diez, Vanguard Properties Chief Know-how Officer Nina Dosanjh, Rotten Tomatoes cofounder Patrick Lee and Morpheus Ventures companion Howard Ko.
The agency’s cohort consisted of 4 corporations that raised a complete of $3 million and created 11 jobs. The startup collective was made up of agent and dealer monetary companies agency Upfront, house furnishing visualization answer The Studio House, recruiting and retention firm Maverick Programs, and Billions, a startup that strives to enhance operations for high-performing groups.
Winston and Burrell-VanWormer, a former chair of the Houston Affiliation of Realtors and Inman’s 2018 “Person of the Year,” cite quite a few business statistics to again their mission. A Gusto examine discovered that “in 2023, only three percent of women entrepreneurs surveyed received a private capital investment to start their business, compared with 9 percent of male entrepreneurs.”
Consulting agency McKinsey discovered that “in 2022, Black and Latino founders received only 1 percent and 1.5 percent respectively of total U.S. venture capital (VC) funding. Women-founded teams received 1.9 percent of VC funds, and only 0.1 percent of VC funds went to Black and Latino women founders.”
Nonetheless, there’s excellent news for Fairness Angels’ goal, because the Gusto report found that of the 1,300 enterprise house owners it surveyed, 49 p.c of the brand new enterprise house owners have been girls versus 45 p.c males.
Upfront cofounder Pierre Calzadilla, a participant of the Fairness Angels Catalyst Program, stated his work with Fairness Angels has proved to be invaluable.
“As a Latino in proptech,” stated Calzadilla, who’s firm locked in a $2.5 million funding spherical in September, “I worked my way up for over 15 years, and still — with all my experience — the time from Equity Angels and mentorship proved to be incredibly additive to my growth and preparedness as a startup founder.”
Craig Rowe has co-hosted two webinars for Fairness Angels on working with the information media.
