Why I Decided to Become Pipeline Angels’ 1st VC-in-Residence

In September, I added another job to my title. I’m still the Investment Associate and Head of Ops at Precursor Ventures and have now joined Natalia Oberti Noguera and her team at Pipeline Angels as their first ever VC-in-Residence.

It started with a simple e-mail. I’m not yet an accredited investor, but I was inspired with what Natalia was building. So I filled out the Pipeline Angels application and included a short note about how excited I was to get involved wherever I could be useful. Luckily, my application aligned with a new idea Natalia had brewing to get more women like me involved in Pipeline Angels.

Natalia and I hopped on the phone and she shared her vision for extending her pipeline initiative to not just help women and non-binary femmes become angel investors, but also help women, non-binary people, and men of color become GPs at investment firms.

The road to GP is usually paved with a stint in angel investing and a demonstrated ability to bring quality LP leads to the table.

But these prerequisites to the job require one huge piece that many women and non-binary femmes lack → access to capital.

As a VC-in-Residence, her vision was that I would be given the opportunity to learn both. Through working on a team alongside angel investors, I would get to learn the ins — and — outs of the angel investment process, support their decisions on who to invest in and be a contributing member of their investment team. Through working with accredited investors, I would be able to build relationships with women and non-binary femmes who could be tomorrow’s LPs.

As Natalia put it: Pipeline Angels created the role of VC-in-Residence to inspire our members and broader network to help change the face of venture capital by becoming LPs in VC firms led by #morevoices.

I’m grateful for Natalia’s vision and even more grateful for Precursor Ventures’ sponsorship. Professional
development opportunities in venture capital are few and far between. I’m lucky to have found a crew that understands the importance of growth.

Interested in learning more? Check out Megan Rose Dickey’s feature about the VC-in-Residence role in TechCrunch.

My First Mentor

I am still on cloud nine from meeting so many new friends after my last post: the List of Black Women in VC! Multiple women shared that it was inspiring to read about others who have come before them. You can’t be what you can’t see. And in that list, I showed them many versions of who they could become.

This got me thinking, who was that person for me? Who did I see as an investor who gave me the chutzpah to believe I could do it too?

It was my mom.

A masters-in-education-holding, eldest-daughter-of-12-siblings, born-and-raised-in-West-Virginia-in-the-60s black woman. She is the definition of grit before it was cool.

She is also an investor and founder of The Nicodemus Investment Club. What she intended to build is laid clear in the name.

Nicodemus is one of the last standing western communities in Kansas created by freed-slaves as a “Promise Land” after the end of the civil war.

She gathered other black parents in San Diego who were interested in investing and for over two decades, they have met the first Saturday of every month.

A few basic ground rules have kept it successful over the past 20 years:

  1. Missing a meeting hits your pocketbook. $20/missed meeting!
  2. Sell high. At the beginning of the meeting, they review the current portfolio. If any one stock has doubled since it’s original investment, they sell it.
  3. Do your homework. Stock pitching is a critical part of each meeting. In advance of the meeting, one person is tasked with completing research on a stock and bringing their recommendation to the members.
  4. Democracy Matters. During the meeting, they spend a lot of time debating the stock brought to the floor. If the majority of the members decide against purchasing the stock at the end of debate, it’s a no go.

Growing up, I attended these investment club meetings every month. From when I could barely read, to when I was babysitting the other kids in the group (we were not allowed to invest, just learn) to when I stopped by to say hello to the folks who helped raise me. I never realized that it would have such an impact on my career choice.

I’m so grateful that it did!