Arlan Hamilton - from homeless to VC founder in 3 years
We are all for throwing two fingers up at the establishment, and who better to do that than an LGBTQ, black, woman investor? Meet Arlan Hamilton, Founder and Managing Partner of Backstage Capital.
Backstage Capital is a fund that invests in under-estimated founders that are defined as women, people of colour and members of the LGBTQ community, who together represent the biggest economic opportunity for investment.
Arlan’s latest book, It’s About Damn Time has been received with critical acclaim, because given the state of play in the world right now, it really is about damn time. She’s an inspiring hustler who’s come to venture capital from a completely adjacent industry.
Just a few short years ago Arlan was homeless and now, 5 years on, her $10m boutique venture fund has invested in over 130 startups. She takes capital from an increasing list of big name investors, such as Mark Cuban, who trust her decision making to back the next generation of founders.
“I didn't believe when they said things like, ‘you're not networked enough’, or ‘you're not connected enough’. I thought that was BS. But I did respect the ones who said, ‘you've got to really get your chops figured out’ and thankfully, no one could be more sure of that than myself, like, no one could be harder on me than I could be on myself.”
We chat about:
Becoming a venture capitalist
Fair feedback during fundraising
The ignorant assumptions VC make about underrepresented founders
Preparing founders for investment
The power of saying no
How she maintains her mental health
Links:
Book - It’s About Damn Time
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