How did Arlan build a venture capital firm that only invests in companies led by underrepresented founders?

Arlan Hamilton arrived in Silicon Valley when she was 34 with a dream to become a venture capitalist. She was broke, had no network, and no financial background. But she was driven to make a change after learning that less than 10% of all venture capital deals go to women, people of color, and LBGTQ founders. Despite facing many naysayers, Arlan secured her first investments and launched Backstage Capital. Since its inception, her firm has invested more than $4 million in 100 companies led by underrepresented founders. And in 2018, Backstage announced a new $36 million fund called the “It’s About Damn Time Fund”, which invests exclusively in black female founders. Stay tuned to hear how Arlan built Backstage Capital by keeping hold of a vision for a more equitable future and by staying true to herself.

 

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This episode is brought to you by Kate Spade On Purpose, bringing quality jobs to women and men in underserved Rwandan communities. Browse the On Purpose Collection at www.katespade.com

Produced by Conscious Company Media and StoryPop Media

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