Two successful Swedish female entrepreneurs - Charlotte Sundåker and Linda Waxin - recently launched Ownershift, an independent think tank designed to expand discussions about gender equality to include ownership and risk-taking. In Sweden, men still own roughly double what women own in terms of capital, land, real estate, forests and natural resources.
It’s inherently stressful: you’re running out of capital, which is why you’re trying to get more of it. There’s also no clear roadmap to getting funding and almost every company goes through the process differently. I’ve talked a lot about what makes a successful early-stage pitch deck and what you can expect when you’re trying to close a funding round. But do those same best practices still apply when you’re fundraising outside of the United States?
To get a grip on who Carta wants to fund and why, TechCrunch caught up with James McGillicuddy, who heads up strategy for the company. Starting with the basics, the capital that Carta Ventures plans to invest will come out of Carta’s own accounts. McGillicuddy said that the entity will invest “balance sheet capital, with no outside structure,” meaning that the setup is “very much from the corporate ventures playbook.”
On each of these occasions New Zealand investors could have provided these New Zealand businesses the capital they needed to better secure their future but elected not to do so. So rather than being critical of investment from China — we should, in my view, respect their willingness to take a more long term view than other investors — including New Zealand investors.
Asia outpaced Europe in the second half of last year on both number of deals and bulk of capital raised. In Q3, European startups raised $1.6 billion through 95 deals, compared to $1.8 billion amassed by Asian startups across 157 deals. In Q4, a similar story was at play: European startups participated in 100 rounds to raise $1.2 billion, compared to $2.14 billion* raised by Asian startups across 125 deals*.