The Montana High Tech Business Alliance recently featured Blackfoot Communications’ startup accelerator, C2M Beta, in an article to highlight the upcoming accelerator virtual showcase and meet the program’s 2021 participants.
The Montana High Tech Business Alliance interviewed Joe Fanguy, VP of Networks & Systems at Blackfoot Communications. Fanguy noted a trend in the cohort and tech space generally, where more and more concepts that weren’t traditionally thought of as venture-fundable are now becoming so.
“Ten years ago, it was only SaaS [Software as a Service] or a new platform being funded. Today, you’re seeing e-commerce brands getting venture funding, which is opening the door, I think, to a lot of diversity.”Joe Fanguy, VP of Networks & Systems
In 2020, just 2.3 percent of venture capital funding in the United States went to startups led by women. The C2M Beta cohort is more than 60 percent female.
Overall, we have started seeing more people getting involved, more people imagining themselves in this space, and then starting to pursue it in a way that we haven’t seen in the past. More of our cohort is female than male, which is really cool. But it’s their ideas that are venture fundable. Whereas just a few years ago, people would have told them that they didn’t have a place in the tech industry.Joe Fanguy, VP of Networks & Systems
Read the full article here: https://www.mthightech.org/news/blackfoots-c2m-beta-winter-2021.