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Wesley Panek

New Media Ventures

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We were finalists at NMV twice. The first time around, we were told by their (white) investment manager, Wes Panek, that our community demographics weren't diverse enough even though they are dramatically better than the TV industry and essentially inline with society. When we asked - ok, so how diverse should we be? They said, great question but we don't have an answer for you. The second time around, they specifically reached out to us to request that we apply, named us a finalist, and then didn't schedule our investment interview. When we followed up several times asking what happened, they completely ghosted us. And then in their eventual investment decisions, named companies who weren't finalists. One assumes inscrutable and opaque decisions from the broader VC community. Such is life. But this place, which traffics in idealism and claims to want to improve the startup landscape, doesn't meet its own standards. Don't waste your time on this place.
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