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Start Here: About Waypoints
Like markers on a map helping those on their way, the following posts share lessons learned along my journey with the hope that they can help you on yours. As and when conditions change, I'll do my best to note any updates. Please read on thinking of this as a living logbook -- a guide -- not, some Eternal Truth.
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About LFJ
The Skinny: As founder and Managing Director of Modern Tender, Laurie "LFJ" Felker Jones has most often worked as a fractional Operating Partner with global funds and their portfolios to drive investment and impact alpha at sca le. She has worked with 800+ founders and numerous global funders to advise $40mm+ of funding across asset classes. As a Newton Venture Programme Fellow , she's incubated an alternative fund model that provides early liquidity, competitive impact-al
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About what I do & how I work
Update, April 2026: I've stepped into an in-house investing role and am no longer taking on new consulting engagements. The content below reflects how I've worked โ and the thinking still stands. I hope it helps you on your way. The Top Line โ What: I support ambitious, mission-driven people and ventures on their way . Usually this means helping them straighten out the path from where they are to where they want to go. โ Why: Ideally "impact alpha" aka creating a lock-step
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How to Make Effective Email Intros
At an event last night, I was reminded to share (again) ๐๐ต๐ฒ ๐ฎ๐ฟ๐ ๐ผ๐ณ ๐๐ต๐ฒ โ๐ณ๐ผ๐ฟ๐๐ฎ๐ฟ๐ฑ-๐ฎ๐ฏ๐น๐ฒ.โ Most people are genuinely happy to help you ๐ฐ๐ฏ ๐บ๐ฐ๐ถ๐ณ ๐ธ๐ข๐บ. Just make it easy! ๐ This is a great guide : โ๏ธ ๐๐ป๐ฑ, ๐ต๐ฒ๐ฟ๐ฒโ๐ ๐ฎ ๐๐ฒ๐บ๐ฝ๐น๐ฎ๐๐ฒ ๐๐ผ ๐ต๐ฒ๐น๐ฝ ๐๐ผ๐, ๐ฐ๐ฏ ๐บ๐ฐ๐ถ๐ณ ๐ธ๐ข๐บ ๐ --- Subject: Intro to [Connection Name] Hi Laurie, Thanks so much for offering to introduce me to [connection]. Iโm interested to connect because [they are interested in
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Financing Tech for Good (fund)
Update: Through stress tests and incubation, the core of this model has strengthened as the complexity has simplified. Given current market conditions, fund models support continued high conviction in structured equity and redemption strategies which offer competitive early liquidity to allocators, return ownership to founders, and are more likely to be aligned with impact fidelity. What has evolved is the sector aperture: while โfinancing tech for goodโ may not have the s
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Capital Explorer: 16+ different ways to finance your venture
If you're a founder or funder curious about what kinds of funding might be right for you, check out Capital Explorer , a free tool that will help you discover which of up to 16 different financing options might be right for you ! Capital Explorer is one of several free tools from Village Capital that help entrepreneurs on their way to building scalable, mission-driven businesses worldwide -- including with aligned financing sources. Here's a nifty preview. Want more support?
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Advising & Mentorship, with LFJ
*I wrote the following background in the fall of 2021, from the HQ of UpSurge Baltimore where I was just starting as a Entrepreneur In Residence with Techstars in their Equitech portfolio. Since then, I've worked formally with Techstars and many other funds in the US, UK, and UAE as a Senior Advisor and Operating Partner to founders in their programs and portfolios. Whether you're looking for a quick orientation ( The Skinny ) or to go more in-depth ( The Whole Enchilada ),
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Disability Awareness in the UK & US
๐ฌ๐ง ๐บ๐ธ ๐ง๐ถ๐ ๐๐ต๐ฒ ๐๐ฒ๐ฎ๐๐ผ๐ป ๐ณ๐ผ๐ฟ ๐ฟ๐ฎ๐ถ๐๐ถ๐ป๐ด #๐๐ถ๐๐ฎ๐ฏ๐ถ๐น๐ถ๐๐ ๐๐๐ฎ๐ฟ๐ฒ๐ป๐ฒ๐๐ ๐ถ๐ป ๐๐ต๐ฒ ๐จ๐ & ๐จ๐ฆ A conversation this morning with a close colleague reminded me that visibility matters. She had no idea about this part of my life & I remembered how impactful it was to learn similar info about several others in our field. Turns out we had more in common than nerding out on tech-for-good or impact finance! ๐ค โจ To further visibility & inclusion, her
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Case Study: Equitech during SXSW
If You Build Itโฆ Late in 2022, I was on a Zoom with my friend and colleague Maria Pope , who at the time was running community at Republic. She asked a simple question: โWhat are you going to at SXSW?โ My honest answer was: โEh... seems like kind of a tech bro scene. I just donโt see something for me. Soโฆ nothing?โ If you know Maria, you know there's always a follow-up challenge: โOK, but what would you want to go to?โ Without overthinking it, I blurted out with gusto: "Some
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On "Imposter Syndrome"...
I've had a few conversations of late that reminded me to share why ๐ ๐ต๐ฎ๐๐ฒ ๐ฎ ๐ฏ๐ผ๐ป๐ฒ ๐๐ผ ๐ฝ๐ถ๐ฐ๐ธ ๐๐ถ๐๐ต โ๐ถ๐บ๐ฝ๐ผ๐๐๐ฒ๐ฟ ๐๐๐ป๐ฑ๐ฟ๐ผ๐บ๐ฒโ: ๐ฐ๐ฏ๐ค๐ฆ ๐ข๐จ๐ข๐ช๐ฏ, ๐ถ๐ ๐๐ฒ๐ฒ๐บ๐ ๐๐ผ ๐บ๐ฒ ๐๐ต๐ฎ๐ ๐๐ฒโ๐ฟ๐ฒ ๐ณ๐ผ๐ฐ๐๐๐ฒ๐ฑ ๐ผ๐ป ๐๐ต๐ฒ ๐๐ฟ๐ผ๐ป๐ด ๐๐ต๐ถ๐ป๐ด ๐ฎ๐ป๐ฑ ๐ถ๐ฟ๐ผ๐ป๐ถ๐ฐ๐ฎ๐น๐น๐ ๐ฏ๐น๐ฎ๐บ๐ถ๐ป๐ด ๐๐ผ๐บ๐ฒ๐ป ๐ฎ๐ป๐ฑ ๐ผ๐๐ต๐ฒ๐ฟ ๐ต๐ถ๐๐๐ผ๐ฟ๐ถ๐ฐ๐ฎ๐น๐น๐ ๐ฒ๐
๐ฐ๐น๐๐ฑ๐ฒ๐ฑ ๐ฝ๐ฒ๐ผ๐ฝ๐น๐ฒ ๐ณ๐ผ๐ฟ ๐ต๐ฎ๐๐ถ๐ป๐ด ๐ข ๐ท๐ฆ๐ณ๐บ ๐ข๐ฑ๐ฑ๐ณ๐ฐ๐ฑ๐ณ๐ช๐ข๐ต๐ฆ ๐ณ๐ฆ๐ข๐ค๐ต๐ช๐ฐ๐ฏ ๐๐ผ ๐ต๐ผ๐ ๐ถ๏ฟฝ
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Flip the Script: 98% of VC is Invested in Men
๐ Oh hey, it's me again with a friendly reminder to #flipthescript about investing in female founders and mixed teams. Among the very good and actionable recommendations made by Startup Coalition in their latest report , I also suggest a narrative reframe โก๏ธ ๐ stop putting the onus on female founders ๐ก start putting the onus on investors Sincere s/o to Isabella Rhodes , Vinous Ali , & Jordan Sullivan for authoring this report so we can keeping moving this work forw
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Face it til you make it?
As a follow up to this #flipthescript post last week, I've been thinking about: โ๐๐ฎ๐ธ๐ฒ ๐ถ๐ โ๐๐ถ๐น ๐๐ผ๐ ๐บ๐ฎ๐ธ๐ฒ ๐ถ๐โ ๐ค โก๏ธ It just doesnโt work for me. Instead of empowering, I feel like an imposter โ after all, โfakeโ is literally in the prompt! Instead, what Iโve found helpful is this little tweak: โ๐๐ฎ๐ฐ๐ฒ it โtil you make itโ. The swap of this one little letter helps me remember that I can ๐ฏ๐๐ถ๐น๐ฑ ๐ฐ๐ผ๐ป๐ณ๐ถ๐ฑ๐ฒ๐ป๐ฐ๐ฒ ๐ฏ๐ ๐ฏ๐๐ถ๐น๐ฑ๐ถ๐ป๐ด ๐ฐ๐ผ๐บ๐ฝ๐ฒ๐๐ฒ๐ป๐ฐ๏ฟฝ
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Case Study: Catalytic Convertible Financing
In short, the following case study showcases a "philanthropy in, investment out" alternative, impact-linked sustainable fund model with a flexible instrument for early stage impact investments. Since it was first created in 2022 from a US-centric legal context, a legal review in the UK provided context on how to adapt it in that jurisdiction. Additionally, in 2022, Elemental Excelerator brought the D-SAFE to market, which is a very similar mechanism for funding developme
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Levels of Competency
The great Ada Ryland , an outstanding startup and innovation mentor who Iโm incredibly fortunate to also call a friend, shared the following framework with me. It is not mine. She isnโt even sure itโs hers. She thinks it came from her business mentor. Maybe one day weโll sort that outโฆ In the meantime, with Adaโs permission, Iโm sharing this framework here. Itโs made a huge difference for me; I reference and share it often in one-on-one conversations. So much in fact, that I
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The FAST way to on-board Advisors
Are you an early-stage founder trying to figure out the right amount of equity to bring aboard an advisor to your startup? Don't try to cut your own hair! Instead, I've included a handy-dandy template* below so you don't have to figure this out from a blank sheet of paper! *This is not legal advice & should only be considered a guide to help you prep the conversation with the advisor and formalize any agreements your lawyer. You're welcome! โฌ๏ธ Click on the image below or โก๏ธ c
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Working Moms are not "Superwomen"
Note: I first shared the following post in 2019 as "I am not a Superwoman" โTo all the Mamas out there - whether your babies are in your arms, your homes, your memories, or in your dreams, Happy Mother's Day to you!โ Motherโs Day is upon us. Relationship status: #itscomplicated Some mamas are THRILLED to honor their moms, and thrilled to be honored themselves. For others this season can stir up lots of big emotions. I donโt think itโs a coincidence that May is also the host
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