How to raise $172M for the underinvested, with Stacy Brown-Philpot

Masters of Scale

WaitWhat

Entrepreneurship, Business, Management, Reid Hoffman, Mindset, Diversity & Inclusion, Jeff Berman, Bob Safian, Startups

4.6 • 4.4K Ratings

🗓️ 19 June 2025

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

After wildly successful stints at Google, as CEO of Taskrabbit, and on prominent boards, Stacy Brown-Philpot decided it was time to start her own venture capital fund. She talks with host Jeff Berman about how she raised $172 million for Cherryrock Capital, why she’s focusing on underinvested founders, and how she owes it all to a six-day silent retreat.

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Transcript

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0:00.0	Hey folks, Jeff Berman here. We are gathering the leaders who are building what's next at the
0:06.5	Masters of Scale Summit. You'll see visionaries like Waymo's to Kedra Mawakana, Chabani's Hamdi Ulukaya,
0:13.7	Restaurant Tour David Chang, Patagonia's Ryan Gallert, promises Fadra Ellis Lampkins,
0:19.1	the National Women's Soccer League's Jessica Berman. The list goes on and on. Please join us October 7 to 9th in San Francisco.
0:26.9	The room is filling up fast, so apply now at mastersofscale.com slash apply 25. That's
0:34.5	masters of scale.com slash apply 25.
0:39.2	When you run a small business, you do it all, until you can't.
0:44.1	That's where Upwork can help.
0:46.0	Whether you need a website revamp, marketing support, or someone to tackle admin tasks,
0:51.6	Upwork connects you to skilled freelancers who can jump in fast without the overhead
0:56.0	of full-time hires. Visit upwork.com today and post your job for free. That's upwork.com to
1:02.7	post your job for free and connect with top talent ready to help your business grow.
1:10.2	Everybody wanted a thing for me.
1:14.2	After TaskRabbit, I want you to do this.
1:17.2	I want you to serve on this board.
1:18.6	I want you to be the CEO of this private company.
1:20.8	I want you to be the CEO of this public company.
1:23.7	The world needs a black female CEO in this role.
1:30.6	Stacey Brown Philpott had just finished a wildly successful run as CEO of TaskRabbit,
1:36.6	selling the business to IKEA.
1:38.5	And she was trying to figure out what she wanted to do next.
1:41.9	Not surprisingly, there was no shortage of amazing offers. But Stacey realized
	...

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