VC In Residence making funding more inclusive.

Meet Marlon

Marlon Nichols is a Managing Partner at Cross Culture Ventures, an early-stage venture capital firm with a focus on cultural investments.  Prior to founding Cross Culture Ventures, Nichols was an investment director at Intel Capital where he led investments in women- and minority-led technology startups through the company’s Diversity Fund. Prior to joining the Diversity Fund, Marlon championed the seed-stage investment program for the Ultrabook and Perceptual Computing investment sector, working closely with the startup ecosystem to source, invest in, and advise early-stage, high-growth technology companies working on new mobile technologies enhanced by novel user experiences and perceptual computing. Marlon’s investments included Afrostream, Gimlet Media, Hingeto, LendStreet, LISNR, Mark One (Vessyl), Mayvenn, Mirantis, MongoDB, mSurvey, One Preschool, ReplyYes, Sidestep, Skurt and Thrive Market.  Prior to joining Intel Capital, Marlon served as the Lead Fund Manager of Cornell University’s BR Venture Fund, the college’s evergreen venture capital fund.

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Benefits and Instruction for Entrepreneurs and Communities

Problem

Valuing Culture and Diversity in Business

About 1% percent of VC money goes to Black founders, and only 13 black women founders in the entire nation have raised a million dollars or more in venture capital.

“Code Fever Miami reshapes Black communities into thriving, innovative, engaging, productive, and value producing innovation spaces”

Solution

Investor and Entrepreneur Residency Program

VC in Residence is a program where America’s top VC’s spend a month in Miami, or extended time in other cities, advising and guiding Black, Latinx and Caribbean entrepreneurs.

“VC in Residence fosters investments, promotes businesses, increases competitiveness, and supports sustainable economic development”

Model

Preparation, Mentorship, Network, and Funding

The VC in Residence program utilizes an intensive four-week bootcamp, weekly instructor and residentvc office hours, weekly speaker series, and capstone conference.

“VC in Residence program prepares new and established entrepreneurs for structured and blitz scaling”

Services for Investors

Problem

Diversity in Venture Capital and Portfolios

Only 1% of VC’s are Black, and 98% of VC’s don’t have investments in black founded startups, do not have access to a pool of investments, or undervalue marginalize and don’t care to invest in black founded businesses.

Solution

Sourcing Investments and Partnerships

VC in Residence helps investors grow and diversify their portfolios and increase ROI by sourcing entrepreneurs, connecting investors with potential equity partners and potential investment partners, and mentors.

Model

Diversifying Portfolios, Investment Organizations, and Building Networks

Through VC in Residence we bring VCs, founders, and innovators to great cities with the hopes that the refining of ideas and innovations of local startups will create incredible connections and high growth startups. Our network helps us curate a diverse group in cities to talk about cities in a way that provides unique insights, and we provide office hours to startup founders with our VCs, founders, and innovators.  VC in Residence works to create white papers on the racial/ethnic minority challenges in each city that we activate, to identify where tech can be applied so entrepreneurs can hack the issues.  Lastly, we connect investors with local players in angel investment, economic development agencies, regional competitiveness agencies, and venture capital organizations to foster mentorship and deal flow.

2017 Capstone Conference

Salon_Dinner

A special dinner salon with influencers

With no agenda per se this dinner salon is designed for us to get to know the city by listening and providing a space for those who normally don’t connect with each other to connect. The goal for the dinners are to fill it with the most diverse, creative and passionate city influencers in order to create the most radically transparent conversations in the city for that evening. Our conversation design, curated guest list and impeccable food choices make for an evening of amazing discoveries and connections.

 

Boss Women Breakfast

Morning gathering of the most amazing females

Culture & Code led by our Cross Culture VC colleague Suzy Ryoo connect with women executives, founders and influencers in every city we attend. The Boss Women Breakfast connects women who likely have never been in the same room together in a heartwarming experience. Suzy hosts the event with a local female executive and we jointly curate the invite list.

AMA Townhall

Entrepreneurs and Founders Question and Answer

The Ask Me Anything (AMA) format allows Culture & Code to bring in guests from our syndicate to engage with local entrepreneurs around candid and transparent questions about their business. The environment is designed so that the community has an opportunity to learn more about growing their business from our experts.  Format includes a panel-style conversation followed by on-stage and individual Q&A.

SMASHD_Community

Culture & Code Youth in the Community

Culture & Code is about preparing the next generation of young entrepreneurs and we devote 1-2 hours to supporting an organization specifically focused on youth in the community. Example programs include Design thinking labs, Entrepreneurship workshops, hack-a-thons, etc.