Young Gen-Z VCs are gathering by the hundreds in a Slack channel that’s gone viral this week

Meagan loyst

Summary List Placement

In September, 23-year-old Meagan Loyst landed her first ever VC job as an analyst at early-stage firm Lerer Hippeau after sending one of the firm’s partners a cold email. 

She loves her job but soon found that she had trouble meeting other young, Gen-Z people in the venture industry,  those born in the mid-to-late 1990s.

“I could count the amount of other young VCs I knew on one hand,” she told Business Insider. 

Loyst also felt that young VCs like herself could add lots of value to their firms. At Lerer Hippeau, she helped her team better understand companies that were targeting young consumers, oftentimes demoing their products herself or consulting with her friends and siblings. 

So she posted a tweet on October 1 asking to connect with fellow investors of her generation. The response was overwhelming. Within the first day of Loyst’s tweet, she received 24 emails. Over the next three weeks, she spoke to a total of 71 young people working all over venture, from VC firms to student-run funds, accelerators/incubators, even angel investors.

Loyst met some impressive characters along the way. Take Nik Sharma, for example, who handled the social strategy for celebrities like Pitbull and Priyanka Chopra at just age 15. Sharma is now 23 and a venture partner at Sarah Cone’s firm Social Impact Capital and has made angel investments in companies like Haus and Caraway Home. 

Loyst was so moved by the experienced of the other Gen Z investors she was meeting, on October 22 she wrote an article on Medium summarizing the trends the young investors were seeing among startups. This included the rise of “creator economy” companies, innovations in edtech during the pandemic, and the future of social gaming. 

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The post went viral. Microsoft for Startups, the Internet giant’s program for helping startups scale across the world, tweeted the article out to its 73,000 followers. Longtime TechCrunch writer Alex Wilhelm also wrote about it in his weekly newsletter.

This was the first time she ever wrote a public post and Loyst says her article was a big learning moment for her. It showed her the power of publicly expressing herself, how simply writing down her thoughts and sharing them helped make a name for herself in a crowded profession. 

“If you have an idea, just put it out there,” she advises. “All you have to do is get started.”

1/ The Gen Z VC community I put together had 40 friends/members yesterday 💘

In less than 12 hours, that number grew to 300.

Woke up this morning & now we’re over 400! Well, 425 to be exact😉✨

something special is happening here, more below on the story & link to join 👇

— Meagan Loyst 🧚‍♀️ (@meaganloyst) November 18, 2020

 

Building a new community through GenZ VCs 

Loyst’s Twitter following shot up after her post and all of the people she met wanted to know one thing: who were the other investors she was talking to?

So she created the GenZ VCs Slack community. …read more

Source:: Businessinsider – Tech

      

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