This Bootstrapped, Black Woman-Founded Venture Capital Fund Works to Create Big Returns, Financially and Socially

Mar 02, 2016, 19:02 ET from Backstage Capital

SAN FRANCISCO, March 2, 2016 /PRNewswire/ -- Today, Backstage Capital, the bootstrapped venture capital fund founded by Arlan Hamilton and focused on investing in "overachieving, underrepresented startup founders," is launching their official website (www.BackstageCapital.com) and announcing the first six investments they've made. Hamilton is one of the first LGBT black women to start a venture capital fund and became the first black woman to lead an AngelList syndicate last Fall. Since November 2015, Backstage Capital has invested amounts ranging from $25,000 to $100,000 into companies with diverse founders like Kairos, Wedspire, TextEngine, and Nailsnaps. Currently, Backstage Capital's roster of investors (LPs) includes individuals such as Marc Andreessen, Susan Kimberlin (formerly of Salesforce), Brad Feld, Leslie Miley (formerly of Twitter), and Lars Rasmussen (co-creator of Google Maps).

Recently, Kimberlin was brought on to serve as a Venture Partner who will help source and manage seed investments for the fund. Of the opportunity and impact of investing in diverse startup founders, Kimberlin said, "Underrepresented founders are likely to be more resilient and to thrive in a down turn. They have had to work harder to get funding and had to do more with less. They build businesses with sustainability and long-term gains in mind."

This year, Backstage Capital is on track to see pitches from approximately 1,000 companies. Of those 1,000 companies, Hamilton projects that 75-80% of them will have at least one underrepresented founder.

To learn more about Backstage Capital, you can visit the website at www.BackstageCapital.com.

ABOUT BACKSTAGE CAPITAL:
Backstage Capital is a bootstrapped nano-venture capital fund dedicated to minimizing funding disparities in tech by investing $25k-$100k in pre-seed and seed stage startups led by high-potential founders who are people of color, women, and/or LGBT. Having founded and published the internationally distributed indie magazine INTERLUDE and toured extensively as a live music production professional for artists like Toni Braxton and Janine & The Mixtape, Backstage Capital's founder, Arlan Hamilton, enters the venture investing world from an unconventional path.

For more info, contact Arlan Hamilton at ARLANHAMILTON@gmail.com.

 

SOURCE Backstage Capital



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http://www.backstagecapital.com