More doesn’t necessarily mean better — and that’s a lesson for life and for tech. To focus on the latter, the startup ecosystem is experiencing a boggling influx of capital right now. However, the increase in dollars isn’t being evenly distributed to all founders. For the vast majority of people, especially women and nonbinary entrepreneurs, it’s still hard to raise money — and perhaps even harder than before the pandemic.All Raise, a nonprofit that has for years worked to advance women and nonbinary folks within tech, has been watching closely the dip in funding for female and nonbinary founders. Per VP of Marketing Caroline Caswell, while pockets of progress do exist, funding for female founders is still “lukewarm.” She noted how in the first half of this year, 1.6% of venture capital went to female founders, down 30% from 2.3% in 2020, which was already a dip from the year prior, per PitchBook. “The narrative that ‘VC is back?’ ” Caswell said. “It is back for the same people as it was before.” The misconception that the hot-deal summer is benefitting everyone has given All Raise some urgency to launch a new product for women and nonbinary founders, which it’s announcing today. The nonprofit is releasing a series of master classes meant to give an inside glimpse at raising first institutional rounds and scaling companies. The material, which includes pre-recorded sessions from All Raise’s in-person Founder Bootcamp, will be free to access for anyone interested. Instructors include checkwriters such as Cowboy Ventures’ Aileen Lee and Benchmark Capital’s Sarah Tavel, as well as seasoned executives like Figma’s VP of Communications Nairi Hourdajian and Solv Health co-founder and CEO Heather Fernandez. All Raise said that it did not track ethnicity or racial data of its instructors, however it did offer a breakdown of the 400 beta users who tested the master class series.