Good feedback. I agree with your first point. I think that outside of Silicon Valley we actually have a crisis of lack of access to early-stage capital for entrepreneurs (and hence the multi-decade decline in new business starts).

There are a lot of both underserved and underrepresented entrepreneurs right now and and it's a real challenge to define the area of focus.

Point is well taken about not just writing a check. I don't get into it in this specific post because the pitch is basically Typical Earnest + a focus on underrep'd founders. But Typical Earnest already includes a community, shared resources, and access to an awesome group of mentors: https://earnestcapital.com/about/