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Unicorns are out, profits are in  ↦

This seems like a natural counter-weight to the go-big-or-go-home strategy of many venture capitalists:

Over five years, Indie.vc has backed 34 companies — half of which are women-led companies and 20% are Black. And while there haven’t been any big exits yet, the companies that receive Indie.vc funding seem to be much more robust than their peers, especially in a challenging economic climate. On average, they’re growing 100% in the first year, and 300% the second year, says Roberts. Plus, the fund’s mortality rate is 10% — compared to about 44% with traditional VC-backed companies.

Indie.vc’s next application window is “Fall 2020.”


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