Arlan Hamilton founded Backstage Capital, a seed-stage investment fund, because she saw that start-up founders who are women, people of color and LGBTQ have long been on the crumb-receiving end.
Arlan Hamilton, founder and managing partner of Backstage Capital, speaks at the 2018 Girlboss Rally in Los Angeles. a seed-stage investment fund, because she saw that start-up founders who are women, people of color and LGBTQ have long been on the crumb-receiving end. Since Hamilton, who is black and part of the LGBTQ community, founded Backstage Capital in 2015, the fund has invested $5 million in more than 100 start-ups headed by underrepresented founders.
“There are definitely people who paved the way for what I do. But I think some of them were a little afraid to rock the boat, because it had been so difficult for them to get in. I was already dancing on the boat as I walked in,” Hamilton said.Similar to the way she taught herself to book music tours, Hamilton taught herself how to start a venture capital fund from completely different means. She didn’t have a college degree or run in wealthy circles where VCs are typically born.
“Every time I look at a TechCrunch or Axios article that says the ecosystem is flush with capital, with VC capital, there’s a bubble, I’m like where?” Hamilton said. “Because we’re not seeing it.” Part of tipping that scale included the March launch of Backstage Accelerator, a three-month program for 25 businesses that offers an investment of $100,000, mentorship and a workspace in exchange for 5% equity. “White men have had accelerators for 10 years. We have not had it. We’ve had some accelerators, for sure, but we haven’t had a chance to have that same type of competition and different mission [centered around capital],” Hamilton said.
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