Welcome.

sharing our takes on career, culture & capital

Hi friends! Welcome to the very first edit of Soapbox 🫧 We’re so excited to get to know you.

If you haven’t met us yet, we’re Maria & Emily. Besties from college and now embarking on our early careers in venture capital together. We first met in an interview over Zoom in 2020 and grew close over the years.

We wanted to create an energetic space for other young profeshies to engage in relevant and exciting topics. Expect a whole lot of personality and hot takes. We hope that Soapbox can be a place to share all of the things that we feel confident, nervous, anxious, and excited about, and maybe you do as well. We’re basically saying it WON’T be another boring tech startup newsletter…

So buckle up! Every month, we’ll send something straight to your inbox on culture, venture capital, and early career. Thanks for your support!

Meet the team

Hey there! My name is Emily Kist.

I’m 24 years old and living in St. Paul, Minnesota (ope). I’ve only ever lived in state capital cities (minus that one summer in Omaha…) I’m also a Virgo sun and Gemini moon, if that matters to you 🙂

I received my bachelor’s degree in finance from the University of Nebraska-Lincoln in May 2022. It’s where I discovered angel investing and venture capital. In my senior year, I started a student-led venture fund. Our team raised $1M and called it the Husker Venture Fund. I was also heavily involved in our school’s entrepreneurship center and various clubs across campus.

Today, I live with my boyfriend in a one-bedroom apartment and work from home. I’m a Venture & Innovation Associate at Nelnet’s corporate VC arm. I’ve been with the company for 1.5 years full time, and interned for 2. I LOVE my job and I am super lucky to get to travel for work, too.

In my past eras, I’ve been a bank teller, an accounting intern, consulting intern, and a barista! I will ALWAYS miss working in a coffee shop ☕️ Shoutout Reactor Coffee.

Things I love: all things dairy, astrology/tarot, plants, hot yoga, ASMR, exploring the Twin Cities, and puzzles

Hey! Hey! Maria Here (the other ½ of the soapbox duo) 🥳

I’m a 22-year-old fresh college grad who just moved from one Midwest city to another. I’m originally from the Oregon Coast, where I grew up playing basketball, poorly surfing in the cold ocean, and being a principal's kid (yikes).

I graduated from the University of Nebraska-Lincoln (#gbr) in May 2023 and started full-time work in June 2023. I’m an Associate at Redbud VC in Columbia, MO, where I currently live full-time. Redbud is a generalist pre-seed VC fund, meaning we invest in a wide variety of industries at the early stages. I love being the first check/supporter in a founder’s journey and digging into a diverse set of industries.

Outside of work, I love to read; I am a regular at the Columbia Public Library (catch me in the 300s) and late on my returns, more than I’d like to admit. 🙃  I love to cook and host dinner parties. I find a lot of joy in my weekly grocery lists and will never be quiet about what’s interesting in food. I’m a reality TV connoisseur and the current rotation consists of Survivor, The Kardashians, and the new Kitchen Nightmares. 📺

I can’t wait to share this first edition of Soapbox with you all! Cheers 🎉

Clifton Strengths: Competition, Arranger, Individualization, Significance, Input

Soapbox of the Month: Rejection

Written by Maria

I’ve spent a fair amount of my life as a young person facing rejection. As a child getting cut from sports teams, as a teen not making it into elite colleges, and as a young adult facing brutal internship/job passes, I am no stranger to the painful ache that rejection causes. I have a deep understanding of some of the long-standing effects tough rejections can have, and it’s hard not to recall times when I showed up at my best and met with what I deemed to be the “worst.” 

The complex and burdensome emotions that rejection can illicit are something that I spur in founders every day. I spend a large portion of my time as an investor rejecting founders, and being so familiar with the feelings myself, it is a dichotomy I’m learning to be comfortable with. I sit across the table from founders each day who have put EVERYTHING into their businesses, and 99% I follow up with an email on my firm passing on investment.

There are a few reasons in particular why I wanted to write about rejection as my first “soapbox.” #1 I want founders to know that no matter how quickly calls go - I can feel the emotion, time, energy, and capital that they have put into their business and that even though I say no often, I don’t say it lightly. #2 VCs themselves are a business, and that’s not talked about enough. We care about founders, and we deeply want them to succeed, but ultimately, our duty is to our investors called LP’s whom we seek to drive returns for (more on this in the future).

No’s are said for a variety of reasons, and most of the time, No’s can be traced back to more arbitrary reasons and things that founders can’t control, such as portfolio construction, biases towards certain industries/verticals, conviction/market trends, other deal flow in the pipeline, etc. Each “No” is rooted in a complex and sometimes uncontrollable combination of events and circumstances, but that doesn’t make them hurt any less.

I’ve thought a lot about how I can be more comfortable dishing out multiple rejections on a daily basis. I’ve found that transparency drives clear expectations, and intentionality helps reason with difficult emotions. I’ve learned to start each intro call by sharing a clear background on Redbud; I leave time for founders to ask me any questions they may have about our process; if there is a perceived conflict of interest, I mention it immediately. My favorite question I’ve started asking is for founders to share thier favorite articles, white papers, or case studies with me. It has allowed me to do a quick dive into their industry, gather my thoughts, and communicate them to my GP clearly. Information drives reasoning. In the midst of my most poignant rejections, I’ve always asked myself, “why?”. Now, I deliver the clearest and most concise ”why” I can to founders in each rejection post intro or second call.

Ultimately, rejection is an inherent part of raising capital, and while it may never be easy, my goal is to handle it with respect and empathy. I’m striving to create a culture where the pain of rejection isn’t lessened, but the clarity behind it is increased. I'm starting to view rejection as an opportunity for evolution - both for myself and the entrepreneurs I interact with. It's a chance to mutually refine our approaches, learn from setbacks, and foster resilience. Something that not many other events/emotions have the opportunity to illicit.

Read and share this Soapbox moment on Medium. 

Career, Culture, & Capital

Career 🧑‍💻

2023 was a big year for layoffs and uncertainty in the job market. The US experienced over 600,000 layoffs in ‘23. We also know that breaking into VC or transitioning roles within VC can be super difficult.

Whether you experienced a layoff, are looking for a career change, or searching for your first job post-graduation, check out these resources:

Stay tuned for more links and resources to job boards 📢

Culture 🌈

One of our favorite readings of the year is Matt Klein’s Meta Trends Report. Matt Klein is the Head of Foresight at Reddit and the Futurist in Residence at Hannah Grey VC. We both watched him speak at a conference in 2021 and have been big followers of his ever since. While we’re anxiously awaiting the Meta Trends Report for 2024, we decided to take a look at some of the Meta Trends for 2023, pull some of our favorite highlights, and deliver our own hot takes.

META Trends are a distillation of the industry’s reported trends — an annual meta-analysis of 50+ global cultural forecasts.

A better look at the chart here 👀

One of Us 🔗 - “Alone and over the mainstream, niche and tight communities flourish”

  • Our Hot Take 🔥: The year has been heavily defined by the actions of tightly wound communities. It’s hard not to find someone who is a part of some kind of online community, movement, substitution, or reading. America is facing a loneliness epidemic, and people are craving and finding niche communities now more than ever. For many, digital media is not just entertaining but can offer utility, foster community, and support emotional needs. The internet is becoming “the thrid place”.

Nostalgia Spins ⏳ - “The eternal spin cycle of nostalgia throws up Y2K… and any time but now”

  • Our Hot Take 🔥: It’s basically impossible to avoid “I was born in the wrong generation” social media content these days. There’s been a clear rise of not just individual nostalgia, but collective nostalgia, where people feel nostalgic feelings for periods of cultural time/experiences. Think how the internet longs for the 2014 Tumblr Era, 2020 Whipped Pandemic Coffee, Y2K Clubbing. People are always going to long for past memories, but feeling nostalgic as a culture isn’t going to slow down.

Spatial & Temporal Distortion 🌀 - “At home, space and time blur, rituals are wrecked, and culture skips async”

  • Our Hot Take 🔥: We both work from home and have chatted about the blurred lines between work time/life time/personal time. It’s hard not to feel like all of it just melts together. We’ve both found that routine rules all; it is a divider in the blurry time waves and can feel like there’s a boundary/grip on time. All that to say…we are massive WFH fans!

Capital 💸

Pitchbook released their US Venture Capital Outlook for 2024 🔎 Some highlights for the New Year include

  • A resurgence of IPOs 📈

  • An increase in US VC fundraising 💸

  • Insider-led rounds will be on par with or exceed 2023 levels 🙌

  • US active unicorn count will decline 🦄

  • An increase in US VC deal activity with nontraditional VC investors (CVCs, hedge funds, mutual funds, PE firms) 💯👩‍💼

  • Accelerators will experience an increase in deal volume 🚀

  • Average US VC fund size will decline 📉

We saw a handful of big headlines that we thought would significantly alter the VC/Tech landscape (i.e. SVB collapse, SBF drama, OpenAI explosion and C-suite chaos, lack of IPOs) but they didn’t. Funding in 2023 was slow and lackluster overall. I guess we will see what 2024 has in store 👀

The Monthly R.E.P.O.R.T

What We’re Reading, Eating, Playing, Obsesseing, Recommending, & Treating

Reading 📚

Emily’s Reading: The Midnight Library

This was my favorite read in 2023. The Midnight Library is a quick and easy read that’s full of comforting quotes and reassuring reminders that YOU ARE OKAY 📢👏

Do you have imposter syndrome? Do you have regrets? This is such a great read for anyone feeling stuck in life OR in their early twenties.

Fave Quote: “Of course, we can't visit every place or meet every person or do every job, yet most of what we'd feel in any life is still available. We don't have to play every game to know what winning feels like. We don't have to hear every piece of music in the world to understand music. We don't have to have tried every variety of grape from every vineyard to know the pleasure of wine. Love and laughter and fear and pain are universal currencies. We just have to close our eyes and savour the taste of the drink in front of us and listen to the song as it plays.”


Rating: ⭐️⭐️⭐️⭐️/5

Maria’s Reading: How to be a Founder

An insightful look into the ins and outs of founding a company and the characteristics that make great founders. How to be a Founder is a quick page-turner as each chapter’s principles and ideas build on the last. As a VC, I appreciated the back-to-basics approach offered by both Alice + Matt.

Fave Quote: “What is important is (the founders) ability to succeed given the opportunities available to them. There are founders who have had less access to opportunity than others, but relative to their peer group, they’ve set themselves apart. Entrepreneurial talent is evenly distributed even though opportunity is not.”

Rating: ⭐️⭐️⭐️⭐️/5

Eating 🍴

Emily’s Eating: Egg Bites

Have you tried the Starbucks Bacon and Gruyère Egg Bites yet??? I know they’re nothing new, but I’ve been craving these lately.

I tried a recipe to make these at home and they were fantastic! Just like the ones at Starbucks and they have a lot of protein.

Here is one of the best recipes I have found, but you can find lots on Google and TikTok. Enjoy 🍳

Maria’s Eating: Homemade Pizza

I’ve been obsessing over homemade pizza lately! It’s the easiest dinner + best leftover snack all in one recipe. 🍕

The Aldi premade pizza dough is where it’s at. No need to cook the dough beforehand; just throw on your toppings (yes, pineapple belongs on pizza) and let it bake. I love to pair my pizza with greens in dressing - it’s the lesser version of a salad. 🥗

Playing 🎲

Emily’s Playing: I’m Glad My Mom Died

Have you explored Spotify’s new audiobook collection yet? I discovered it a few weeks ago and I’m PUMPED. I love listening to books on planes, treadmills, car rides, etc.

I’ve been dying to read Jennette McCurdy’s memoir she published back in 2022. So this was naturally my first pick of Spotify’s audiobook collection. The best part is that it’s narrated by McCurdy herself! I’m about halfway through, and its such a good listen 🎧

Maria’s Playing: Women’s Sports

Anyone who knows me knows that I am a massive women’s sports fan. The women’s volleyball season just wrapped up, and I cheered on Nebraska in the National Championship ofc! Thank goodness now is the perfect pivot into WBB season.

I love putting on games while I cook or hang out post-work! Again, I’m always creating little things to look forward to.

Current fave teams to watch: Iowa, UConn, Stanford, Virginia Tech, Oregon State 🏀 

Obsessing 🤩

Olympus Trip 35

Emily’s Obsessing: Olympus Trip 35

Currently obsessing over my Christmas haul!! My partner gifted me this gem from Cute Camera Co. based in Austin, TX. Go check them out!

The Olympus Trip 35 is a 35mm point-and-shoot film camera that was first introduced in the 1960s.

If you have any experience with film photography, hit me up!

Maria’s Obsessing: Athleta Trousers

Ngl - Emily put me onto these 1st, and Santa brought them on Christmas morning!

These pants are literally the perfect pants for all occasions. Plane fit ✅ Business Casual ✅ Hot girl walk ✅ I will be buying in all the colors.

Recommending 🏁

Headache Relief Cap

Emily’s Recommending: Headache Cap

I totally recommend these headache/migraine relief caps. I gifted a handful of these for Christmas this year and they were a hit!

I swear that it INSTANTLY helps a headache. It’s even great when I need some sensory deprivation. It’s cool to the touch and has awesome compression.

Check it out on Amazon.

Maria’s Recommending: Marcus by Goldman Sacs

Getting our 💰 right in 2024, and I can’t recommend Marcus more.

Marcus is known for its HYSA (High Yield Savings Account), but my favorite use is integrating all my accounts with Plaid for a quick money dashboard. I can quickly see where I am spending, what my net worth looks like, and it’s the easiest place to take a fast glance at all my finances.

Treating 💫

Rockefeller Plaza, NYC

Emily’s Treating: NYC Trip

I treated myself a trip to NYC in December with my partner. The Christmas vibe in the city was everything I hoped it would be.

Our highlight of the trip was definitely visiting the Comedy Cellar. It’s such an iconic spot and we laughed all night.

BRB trying to financially recover from this trip though 😭

Dunkin’ Bag

Maria’s Treating: A Dunkin’ Donut

I’ve been really into creating simple joys for myself post-work every day! Whether that be getting cozy on the couch and watching a movie, cooking a nice dinner, or picking up a Dunkin Donut I’ve been creating something to look forward to each and every day.

The current fave treat is a Friday Dunkin Donut! The one I got last week came in this little bag 🥹

Resources

Funding 💰

Podcasts, readings, and other fun things on the VC funding landscape

Good Reads 📖

A few of our favorite essays, short stories, and writings that we read this month

Your Career in VC 👩‍💻

Check out these links on helpful tools, tips, and resources for starting or advancing your career in VC

From Our Feed to Yours

Tweets, Memes, and other things from our feed that gave us a laugh.

Thanks for reading the first issue of Soapbox. We appreciate your support. Have something you want us to talk about? Drop us a line at [email protected] and [email protected].

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