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Arlan Hamilton's Venture Capital Firm Is Closing The Gap
Posted
November 21, 2018
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November 21, 2018
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1:49Now Playing"They're calling it a 'diversity fund.' I'm calling it an IT'S ABOUT DAMN TIME fund."
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Arlan Hamilton, 37, is the founder and managing partner of Backstage Capital, a venture capital firm that exclusively invests in companies founded by women, people of color and LGBTQ entrepreneurs.
Backstage's general fund manages more than $5 million of investments. In May, Backstage announced it was raising a $36 million seed fund dedicated exclusively to companies founded by black women. She expects the fund to invest $1 million into 15 - 20 companies over the next three years.
But just three years ago, Hamilton was homeless, living in the San Francisco airport. She had a backpack, a laptop and a dream of becoming the Robin Hood of venture capital. What she didn't have was money, a college diploma or a place to stay.
Here's how Hamilton went from homeless to running her own venture fund in just three years.
Read more about Arlan's story here
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Just 0.2% of VC funding goes to black women founders. Backstage Capital founder Arlan Hamilton wants to close that gap | CNBC Make It.
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