slauson co

slauson co

Image from Grid110

Before pitching to investors and venture capital firms, some founders will scrape together capital from people they know—a category of early-stage funding known as the “friends and family” round.

But most founders—especially those from communities that are underrepresented in tech—don’t have access to such a moneyed personal network. For those without backing from friends and family, getting that initial investment can be a grueling, sometimes impossible, task.

Grid110, a Los Angeles-based nonprofit, wants to help level the playing field.

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Illustration by Eduardo Ramón Trejo

When Jeff Wilke, CEO of Amazon Consumer Worldwide, made the surprise announcement in August that he was leaving, he said he felt it was time to do something else.

"Time for me to take time to explore personal interests that have taken a back seat for over two decades," Wilke wrote in a heartfelt letter to Amazon's 1.13 million employees.

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On this week's episode of the L.A. Venture podcast meet Austin Clements, co-founder of Slauson & Co, a L.A.-based pre-seed and seed-stage venture firm focused on sustainable economic inclusion. The firm is backed by PayPal, Ashton Kutcher, will.i.am, True Capital Management and Alpaca VC. Previously, Clements was at TenOneTen Ventures. He was also the founding chair of Pledge L.A. and the managing director of Grid110 South L.A.

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