Her journey to leave her cushy legal job started with maternal bias, where she got passed over for a promotion once she became a mother. And this week she has had a two amazing announcements: She is pregnant with her fourth child and she has raised a whopping, gigantic $20 million Series A.
Raising a $20 million Series A is a lot for any founder. It is a gigantic feat for a female-led company, with a first-time CEO…who is also pregnant. It’s monumental when you consider that Nelson is outside the Silicon Valley echo chamber and going up against the heavily funded WeWork/The Wing juggernaut. Just to add: VCs hate funding real estate plays.
Got some ice you need to offload in the North Pole? Call Amy.
Here’s what the profiles on Amy won’t tell you—she’s no different than you or me. She has also struggled. She also has her annoying meetings with VCs who don’t get it. She also gets more no’s than yes’s. She also feels like an imposter sometimes. She just perseveres through them. We grabbed a quick lunch in San Francisco while she was in the middle of raising this round. It was a frustrating day and she wanted a pep talk. I excel at giving pep talks to badass female founders. Because it’s insanely easy. (Ask me for this service any time. My Chairman Mom messages are open!)
Sometimes the media makes it sound like women like Amy just wake up, yawn and stretch and look around at all the venture dollars that have flown in overnight. We kinda have to front that way to play the game too. Money flows to confidence. In every round I’ve ever raised, getting to 50% is brutal, and then it’s suddenly oversubscribed. But we only talk about the second half of that process until after we’re wildly successful and then we can open up about all the people who doubted us.
Like a lot of us able to raise venture capital, Amy Nelson has privilege for sure. She knew people, had people who believed in her, and the financial wherewithal to quit a well-paid job and take a risk. But she raised this kind of money because she simply didn’t give up. So often that’s the difference between beating the odds and being the odds.
Each friend of mine who pulls off an astounding financial coup makes me feel proud and energized. If Amy can raise a Series A like this, I know I can too. One by one we are changing the pattern, and we are making a world and an Internet without toxic masculinity.