Backstage Capital, a bootstrapped venture capital fund focused on investing in “overachieving, underrepresented startup founders”, is announcing the first six investments.
Founded by Arlan Hamilton, one of the first LGBT black women to start a venture capital fund and to lead an AngelList syndicate, Backstage Capital is a bootstrapped nano-venture capital fund dedicated to minimizing funding disparities in tech by investing $25k-$100k in pre-seed and seed stage startups led by high-potential founders who are people of color, women, and/or LGBT.
The fund is supported (LPs) by individuals such as Marc Andreessen, Susan Kimberlin (formerly of Salesforce), Brad Feld, Leslie Miley (formerly of Twitter), and Lars Rasmussen (co-creator of Google Maps).
Since November 2015, it has invested amounts ranging from $25k to $100k into companies with diverse founders like Kairos, Wedspire, TextEngine, and Nailsnaps.
Recently, Kimberlin was brought on to serve as a Venture Partner who will help source and manage seed investments for the fund.
FinSMEs
03/03/2016