Finding the right words has been difficult…how do we express the fear and sadness so many of us are feeling right now?
For those who don’t know, Misfit Ventures is built by a team that embodies diversity in every sense. We are queer, women, trans, non-binary, disabled, immigrants, neurodivergent, and people of colour. Some of us have left countries where being ourselves wasn’t safe, seeking a new life in Canada. We check every so-called “diversity box,” which we’ve always known is our strength but the emotions are real, and they are raw.
In recent weeks, the U.S. has witnessed a series of policy changes that significantly impact the LGBTQ+ community. Notably, the removal of LGBTQ+ and HIV resources from federal websites, the suspension of gender marker changes on passports, and the prohibition of gender-affirming care for minors have raised concerns about the erosion of hard-won rights and protections.
At Misfit Ventures, we recognize the profound implications of these developments. As Canada's first, and North America’s largest LGBTQ+ focused VC fund, our mission is to support and empower founders who are often overlooked, particularly in times when their rights are under threat.
The recent U.S. policy shifts underscore the importance of our work:
Visibility and Representation: In an era where LGBTQ+ identities are being marginalized, supporting LGBTQ+ entrepreneurs ensures that diverse voices continue to be heard and valued.
Economic Empowerment: By investing in LGBTQ+ founders, we help build economic resilience within the community, fostering innovation and job creation. Queer founders are proven to be more successful - so let's support that with capital to help them grow.
Advocacy Through Success: Successful LGBTQ+ led businesses challenge stereotypes and demonstrate the community's invaluable contributions to society.
Now, more than ever, it's crucial to stand with LGBTQ+ entrepreneurs. By providing the necessary resources and support, we can counteract regressive policies and promote a more inclusive future. We invite investors, allies, and advocates to join us in this mission.
The next Misfit Ventures event will be in late March in Vancouver and we will come together to discuss how we can help marginalized founders and showcase how great they truly are. Details coming soon.
Douglas Lui, CPA, CA Sam Naylor ⚧ Sami Saad Naoufel Testaouni
#vc #founders #queer #entrepreneur #startup
