4.4 • 739 Ratings
🗓️ 20 November 2019
⏱️ 48 minutes
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Backstage Capital founder and managing partner Arlan Hamilton built a venture capital fund from the ground up, while homeless. Her fund is dedicated to minimizing funding disparities in tech by investing in high-potential founders who are people of color, women, and/or LGBT. Hamilton herself identifies as all three. Started in 2015, Backstage has invested nearly $7 million into 120 startups led by underestimated founders. In this talk, Hamilton describes how and why she created her unique fund, and why she views underrepresented, underestimated founders as a category with massive potential.
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0:00.0 | Who you are defines how you build. |
0:05.0 | This is the Entrepreneurals Thought Leaders series. |
0:09.0 | Brought to you by Stanford E-Corner. |
0:13.0 | On this episode, we're joined by Arlen Hamilton, founder and managing partner of Backstage Capital, |
0:19.0 | a venture capital firm dedicated to minimizing |
0:21.8 | funding disparities in technology by investing in high potential founders who are people of color, |
0:27.9 | women, and LGBT. Backstage has invested in dozens of startups led by underestimated founders |
0:33.9 | and has been featured in Forbes, the Wall Street Journal, Courts, and many others. |
0:38.3 | Thank you. |
0:40.3 | There is, I would say, oftentimes, two narratives that get told about founders. |
0:45.3 | There is a narrative about founders as vision holders, where you have a founder who can see into the future more clearly than anybody else, |
0:53.3 | and uses that vision to trumpet the resources they need. |
0:56.9 | Think about Elon Musk saying, I want to go to Mars and we're all going to get there. |
1:01.3 | And then there's another narrative that says that actually entrepreneurship is not about knowing |
1:05.2 | the end, but it's all about managing the process. |
1:08.1 | And that the end can be far bigger than you ever even expected. |
1:10.7 | And the great founders are ones that can manage the risks along the way. |
1:14.9 | And there are process-driven methodologies. |
1:16.7 | The design school at Stanford is probably the most famous here with the D-school methodology. |
1:21.1 | And so I want to start out with this question. |
1:23.5 | Did you know when you were a child that you wanted to be a venture capitalist? |
1:26.9 | Did you have the vision of being a venture capitalist when you were a child that you wanted to be a venture capitalist? Did you have the vision of being a venture capitalist |
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