The Vinetta Project wants to help female founders in DC raise money - Technical.ly DC

Business

Feb. 10, 2016 12:35 pm

The Vinetta Project wants to help female founders in DC raise money

The global network launched a chapter in D.C. in April 2015.

At a Vinetta Project event in D.C. in September 2015.

(Photo by Micah Gold/Vinetta via Facebook)

It’s comforting to believe that the world of venture funding is a meritocracy.

It’s comforting to believe that a founder has a good idea, pitches successfully and gets money from a VC to turn said idea into a business.

But of course, in reality, there are many more complicating factors. Some founders have strategic advantages — perhaps they already know funders, or they know how to appeal to funders by speaking the language of venture capital.

For the rest, raising money is more difficult. Female founders are one group who have continually struggled when it comes to raising money from VCs. Despite some improvement over the years, a key study from 2014 showed that only 3 percent of all venture capital funding goes to companies with a female CEO. It’s hard to believe that female-led companies merit that small a slice of the pie.

Enter the Vinetta Project, a NYC-born collective that aims to solve the gender-based VC funding gap by creating opportunities to connect female founders to investors. The Project is currently active in seven cities, and expanded to D.C. in April 2015.

Amelia Friedman, cofounder of Hatch and, you might remember, co-creator of the 2016 Election Game, led the charge to establish the Vinetta Project in D.C.

A busy female founder herself, Friedman has since been running Vinetta events (all volunteer work) with the help of co-director Anna Kohanski Mason. Kohanski Mason moved to D.C. via New York and Los Angeles — she’s the cofounder of BurnThis, a social fitness app acquired by Beachbody (think P90X) in December 2015.

“I was massively impressed with what Amelia had done with Vinetta in D.C.,” Kohanski Mason told Technical.ly. So while she looks for her next project, she’s happy to help create a network like Vinetta in the District.

The duo also have the assistance of an all-star Advisory Council featuring MakeOffices CMO Shana Glenzer, LifeFuels founder Jonathon Perrelli, WDCEP Director of Tech and Entrepreneurship Tiffany Thacker and others.

Advertisement

In order to participate in the Vinetta Project companies must be a DMV-based, for-profit company, be seriously raising for a seed round or Series A but have not yet received any VC funding, have at least one female founder, be in the pilot or growth stage and be tech-focused or tech-enabled.

Companies that have pitched so far at Vinetta events include Create.io, Heartful.ly and Riide.

But Vinetta events go beyond pitch competitions — the organization also holds founder-funder dinners, workshops and fireside chats on a variety of topics.

Ultimately, however, Vinetta is trying to be more than an events organization — it’s trying to be a solid resource for female founders trying to raise capital. “We look at all the work we do for Vinetta through the lens of being founders ourselves,” Kohanski Mason told Technical.ly. “We’re trying to build something we would find valuable.”

You must appreciate accurate, relevant and productive community journalism.  Support this sort of work from professional reporters with seasoned editors.  Become a Technical.ly member for $12 per month -30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

DC-based Pie Insurance raises $11M Series A

How ProjectCSGirls introduces middle schoolers to creating tech for social good

There are *lots* of product recalls. This consumer-safety app puts them all in one place

SPONSORED

DC

Pitch for up to $360,000 in funding at the WeWork Creator Awards

Wawa (Media), PA

Wawa

Distinguished Engineer

Apply Now
DC, SF, NYC

Nava

Experienced Software Engineer – Backend

Apply Now
Hunt Valley, MD

ArmadaHealth

Full Stack Engineer

Apply Now

Funding news about Giant Oak

Build something new and give back at DCFemTech’s Hack For Good

Framebridge raises $30M Series C

SPONSORED

DC

VR is cool, but it isn’t mainstream. This local company has a fix for that

Washington, DC

Nava

Infrastructure Engineer (DC, SF, NYC)

Apply Now
Washington, DC

Brainstorm Creative Resources

Database Technology Associate (Temporary / 7 months on-site)

Apply Now
Washington D.C.

Perfect Sense

Senior Front End Engineer

Apply Now

Sign-up for daily news updates from Technical.ly

Do NOT follow this link or you will be banned from the site!