It took Arlan Hamilton 16 months to convince Marc Andreessen of Andreessen Horowitz, Brad Feld of Foundry Group, ex-Salesforce executive Susan Kimberlin and others to put up $5 million for Backstage Capital to invest in women- and minority-owned businesses.
Backstage has invested in 31 businesses. The new fund will aim to seed three-times as many, focusing on businesses started by women of color.
Photo credit: Backstage Capital
This post was originally published on ImpactAlpha.com
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