Ever wondered about the landscape of early-stage venture capital? Our recent guest on the 10X Capital Podcast, Jamie Rhode, shared some mind-boggling insights: out of 845 unicorns, only 3 funds have been in more than 3% at the seed stage. What does this mean? The VC world is incredibly fragmented at the seed stage.
Jamie goes on to point out an interesting trend. Out of those 850-ish unicorns, 70% have had underdog founders - immigrants, women, people of color. Even more intriguing, 30% of these unicorns had at least one founder who isn't white. This isn't just a statistic, it's a testament to the power of diversity and the potential it holds.
But what does this mean for venture capitalists and their limited partners? It demands a shift in perspective. It's time to think and invest differently. The success stories aren't confined to a certain demographic or a specific geographical location anymore. The underdogs are rising, and they're bringing forth a wave of innovation that's truly remarkable.
Tune in to episode 72 of the 10X Capital Podcast to hear more of Jamie's insights on investing in top emerging managers. Let's broaden our horizons together.
