Project Description
Arlan Hamilton, founder of venture capital firm Backstage Capital, didn’t even know what a VC was in 2010, according to Time. But while working in the music industry, she became enamored with the startup world and set her sights on starting a tech company in Silicon Valley.
While researching the tech industry, she learned that 90% of all VC and angel funding goes to white men, even if they account for only a third of the US population. “That caught me off guard as a gay Black woman in the South with no connections,” she told Time. “I thought, ‘That doesn’t seem like that’s going to end well, if that stays the same.’” It was then that she turned her focus to raising money for a fund instead of raising money for a company.