So, you want to democratize venture capital

Speaking of fundraising:

• Dismantling the myths around raising your first check
• Vise CEO Samir Vasavada and Sequoia’s Shaun Maguire break down the art of the pitch
• When to walk away from a VC who wants to invest in your startup

The tool’s explicit focus on only helping underrepresented folks — which it defines as anyone who doesn’t fit the classic Silicon Valley mold like women, LGBTQ+ folks, non-Ivy grads (or people from non-elite employers) and non-wealthy individuals — is a layer of differentiation from many other tools out there. Products like the AngelList rolling fund are great, but public, ongoing fundraising still largely benefits those who have networks to tap into in the first place — just take a quick scroll to see who has one so far.

Let me put it like this: We’ve gotten to a point in venture where there are an ample number of tools out there that help founders and investors leverage their community into checks. What’s missing, though, are the tools that help the community-less, undernetworked and underestimated access those opportunities. While there still is LP hesitancy as emerging managers raise their second and third funds, this effort is a good step in the right direction. And I’ll be tracking it to see how successfully it works.

It’s been a big week for Black and other underrepresented founders:

• This $250M growth fund will divert half its profits to historically Black colleges and universities
• Collab Capital closes $50 million debut fund to back Black founders

Moving on, the rest of this newsletter will focus on disaster tech, Airbnb and a healthcare communications S-1 filing. You can always find me on Twitter @nmasc_.

Disaster tech is at an inflection point

Image Credits:Hiroshi Watanabe (opens in a new window) / Getty Images

Disaster tech, such as startups that use data to fight wildfires or analyze brainwaves to analyze PTSD after a traumatic event, is having a moment. Are you surprised? COVID-19 and the ongoing climate crisis have energized entrepreneurs to build proactive solutions that fight literal disaster. Our own Danny Crichton spent 12,000 words mapping out the landscape so you don’t have to.

Here’s what to know: The Equity team boiled down those 12,000 words on disaster into a 20-minute episode focused on top takeaways and highlights. As Danny explains in the show: “Cataclysms are a growth industry.”

If you’re more of a reader than a listener …

• The most disastrous sales cycle in the world
• Data was the new oil, until the oil caught fire
• When the Earth is gone, at least the internet will still be working
• The human-focused startups of the hellfire

Airbnb’s next trip

Image Credits: Getty Images

Since travel first shut down last March, all eyes have been on Airbnb, the travel and short-term rental company with global name recognition. Nearly a year ago, the company cited revenue declines and cut 1,900 jobs, roughly 25% of its workforce. Now, as digital nomadic lifestyles and long-term travel come back, it has a growth story worth sharing, too.

Here’s what to know: Airbnb CEO Brian Chesky sat down with our own Jordan Crook to talk about how his company is preparing for a faster, nimbler post-pandemic reality. Time will tell if Airbnb’s stance pans out, but getting into the head of one of the co-founders of a business pummeled, then resurrected, by this pandemic can give founders some tactical tips on how to frame conflict and what’s next.

Brian Chesky: Little did I know that a travel company in a pandemic might even be crazier than starting a company based on strangers living together. I kind of feel like I’m now 39 going on 49. It was definitely the craziest year ever.

Our business initially dropped 80% in eight weeks. I say it’s like driving a car. You can’t go 80 miles an hour, slam on the brakes, and expect nothing really bad to happen. Now imagine you’re going 80 miles an hour, slam on the brakes, then rebuild the car kind of while still moving, and then try to accelerate into an IPO, all on Zoom.

When the future of living melds with future of work:

• Airbnb doubles down on flexible search, improves the host flow in preparation for summer 2021
• Startup founders set up hacker homes to recreate Silicon Valley Energy
• Dear Startups: Don’t repaint, reinvent

Around TC

If you haven’t heard, TC Sessions: Mobility 2021 is coming up June 9. The one-day virtual event is packed with the best and brightest minds working on — or investing in — the future of transportation. The docket is jammed with founders, investors and experts in micromobility, autonomous vehicles, electrification and air taxis.

Among the growing list of speakers are Motional President Karl Iagnemma and Aurora co-founder and CEO Chris Urmson, who will team up to talk about technical problems that remain to be solved, the war over talent and the best business models and applications of autonomous vehicles. Other guests include Zoox co-founder and CTO Jesse Levinson, community organizer, transportation consultant and lawyer Tamika L. Butler, Remix co-founder and CEO Tiffany Chu and Revel co-founder and CEO Frank Reig. There’s also Joby Aviation founder and CEO JoeBen Bevirt, investor and LinkedIn founder Reid Hoffman (whose special purpose acquisition company just merged with Joby) will talk about the future of flight — and SPACs.

And to answer your next question, yes, you can still buy your tickets here.

Across the week

Seen on TechCrunch

• Poparazzi hypes itself to the top of the App Store
• Apple just dropped a whole bunch of OS updates and WWDC info
• Microsoft uses GPT-3 to let you code in natural language
• Nigeria’s Mono raises millions to power the internet economy in Africa

Seen on Extra Crunch

• Doximity’s S-1 may explain why healthcare exits are heating up
• How Expensify shed Silicon Valley arrogance to realize its global ambitions
• SaaS needs to take a page out of the crypto playbook
• Develop a buyer’s guide to educate your startup’s sales team and customers
• Zeta Global’s IPO filing uncovers modest growth, strong adjusted profitability

Ok, bet,

N