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So for several years, you may not see anything except your own money coming back. Ive seen people really get close to the edge on some days with it. As Arlan wrote to open the report, "When I started Backstage Capital, people dismissed me and said I would never find enough viable companies to invest in, and that my mission was more about charity than financial returns. Please read for yourself. Such an impact could be seismic, especially for firms like Hamilton, which specialize in funding overlooked founders. Thats the fundamental of that transaction. I noticed their investments, I mightve seen an interview or two where they mentioned it, and saw some stickers on Ashtons laptop. Backstage Capital is a venture capital fund investing in the best startups led by underrepresented founders in the U.S. ARLAN HAMILTON built a venture capital fund from the ground up, while homeless. of such securities. including future investment opportunities. like voting, amendments and conversions affecting the security. Lets say they go on in a couple of years to sell for half a billion dollars. In 2018 Arlan co-founded Backstage Studio which launched four accelerator programs for underestimated founders in Detroit, Los Angeles, Philadelphia, and London. Well check it out. and how they're supporting innovation by not leaving more than half of our nation's greatest minds out of the room. Arlan knew this was not the case. Most recently, Hamilton founded recruitment startup Runner, which raised around $1.5 million from a breadth of investors, including Backstage Capital itself. Certain banking But we have diversified our portfolio so much that we have mitigated against that risk, in my opinion. Growing up in an isolated town composed of mostly German immigrant families, she is unsure of the life. Platform Page This site (the "Site") is owned and maintained by OpenDeal Inc., which is not a registered What has changed since I launched officially in 2015, is that Ive seen almost 10,000 companies now. Arlan also hosts Your First Million, a podcast featuring notable people who have reached their first million dollars, downloads, or customers. Number of Founders 269. 18 years of expertise in Software Engineering within Tech & Gaming. You can really see that music tour background come through. information provided by companies on this Site and makes no assurance as to the completeness Backstage Capital aims to create a world in which underserved founders have readily accessible capital in order to build tomorrow's leading companies. Obviously, this is going to affect some people and some companies. Youre the money. Saying shes grateful for the support so far, Hamilton also expressed her frustration with LPs, adding that Backstage has found itself in a purgatory kind of position because some investors feel it already has all the support it needs. With the $36 million fund for black female founders, Backstage Capital will announce two investments by the end of the year and will make between five to six more in 2019, and another set in 2020. And at the end of the day, if its a lot of confusing jargon, and it doesnt make a lot of sense, look at it like, what would I spend on a night out? It seems very boring to live in that gray world, where everybodys afraid of Amazon, Facebook, and Uber. The maximum amount Backstage Capital Funding Portal page. Now you are part of these 160, which will become 200, which will become 300 and more, investments that are changing the world themselves. Theyll say What do you want from this? I think the Backstage crew is the #1 go-to for elite underestimated founders. This workforce reduction further underscores that . If theres something going wrong, if theres something going right, they call us because theres a trust level that we are them, and they are we, right? We dont like the word, but a lot of these companies are going to fail. Im especially excited to talk to Arlan on Decoder because, as of today, Backstage is going even broader: its opening a new fund that anyone can invest in to allow more regular people access to VC-style investing as part of their portfolios. And so those documents are a few pages long because usually at this early stage, youre talking about convertible notes, which is what I just described. Thats where venture capitalists make their real money. Because it doesnt feel like its getting better. So I say to everybody, not just the younger generation thats getting into it, Look at this with a grain of salt. Runner helps companies add the people they need fractionally, when they're needed and allows runners to curate their career and do the work they want. the Site can be found by searching the and the issuers, including risks. For instance, during the holidays, we held a couple of gatherings on Zoom for our portfolio companies to mix and mingle with our investors and to just kind of catch up with everybody. Brittany was a principal for #ANGELS, where she sourced companies and contributed to the #TheGapTable initiative. Average salary (a year) Variable Typical hours (a week) 39 to 50 variable You could. Brittany is a General Partner at Backstage Capital, where she brings experience sourcing early-stage ventures for investment, conducting diligence, and managing an investment pipeline. of their entire investment. The layoff comes nearly three months after Backstage Capital narrowed its investment strategy to only participate in follow-on rounds of existing portfolios. And theres kind of the standard set of challenges that every company has. an investment. Theyre called limited partners or LPs. Therefore, when you use the Services we will ask for your name, address, date of birth, She has written for AOL, SuicideGirls, and Curve Magazine, and founded and published the internationally distributed indie magazine Interlude. Diversity Spotlight (US Headquarters Only). Backstage Capital | 12,508 LinkedIn We invest in the future - underrepresented founders. Information may not be up-to-date. Accredited Investors or non-U.S. persons, may invest in offerings hosted by OpenDeal Broker. So I give you 100 bucks, when do I see $101 back? I was just so curious as to why those people, who I thought had really exciting lives, would be interested in something like a three-person team out of a garage. Investors should carefully read the offering documents. To help the government fight the funding of terrorism and money laundering activities, You buy a share of Apple, you get to go to the Apple shareholder call, you get a bunch of 8-Ks and 10-Ks. BrokerCheck. And thats why I say, all venture investing is so risky. It feels like its getting louder and maybe thats the first step to getting better. Transforming Caregiving: A Profession for All Ages. I love it. Thats my job. OpenDeal Portal LLC is located at 149 E 23rd St #2001, New York, NY 10010, please Backstage has done 160 deals so far, with investments in everything from online beauty retailers to satellite internet companies. Investment opportunities posted on this Site are private placements of securities that are Started from scratch in 2015, Backstage has now raised more than $20 million and invested in more than 200 startup companies led by underestimated founders. And thatll hopefully tell us a lot about the company. information provided by companies on this Site and makes no assurance as to the completeness When I put in $1,000 or $100 into a stock, I want to see how it does. Thats the luxury of having the money. Investors in Backstage Capital also invested in these companies. Its also something that you know is going to have an impact because we invest in underrepresented, underestimated founders. Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. Charlie Puth Became A Backstage Runner For The Day At The Summertime Ball - Capital Now Playing Need To Know Doja Cat Last Played Songs Schedule Home Radio News Artists Features Win Events. To me, thats really become a part of the lens and the landscape of what we do. In June 2020, Backstage announced its Crowd initiative, providing access to the best underrepresented deal flow to accredited and non-accredited investors. Weve invested in 160 companies, but weve also seen about 8,000 or so companies, so we invest in about 2 percent of what we see. that identifies each person who opens an account. And they'r BRIAN KENNY: "I want money to do things that have never been done before." What have they been able to do thus far with the limited resources they likely have at this point? Privacy Policy. regulation crowdfunding offerings may refer to OpenDeal Broker LLC and OpenDeal Portal LLC Seed, Series A, Private Equity), This describes the type of investor this organization is (e.g. Backstage Capital Overview Address: Backstage Capital 925 North La Brea Avenue West Hollywood, CA 90038 United States Phone: (1)8325315684 Website URL: http://backstagecapital.com/ Social Media: Backstage Capital Stats and Figures in their sole discretion, opt-out of being listed on the Every company in our portfolio, again, knock wood, could go to zero. Top Funding Types Seed , Grant , Pre-Seed , Series A , Series B. The companies in our portfolio are changing and saving lives. I think about people like Sam Altman at Y Combinator, who often asks, what if it does work? Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Hire Runner Co. View the official SEC filing and all updates: Runner needs to reach their minimum funding goal before the deadline We believe that by bringing more investors into the ecosystem, we will continue to diversify the tech landscape, and more can benefit from the wealth generated by startups. But alas, the lack of support from the top of the VC food chain causes a domino disparity effect where diverse fund managers arent receiving enough capital, meaning diverse founders arent either. Someone can invest for as little as $100 and have a piece of Backstage. Youve done 160 deals. Get a glimpse into the mindset of Arlan Hamilton and what drives her investment decisions. Theres some funds who can make sure that you have your first thousand customers, if youre to-consumer. Hundreds of venture firms have now co-invested with Backstage, including Sequoia Capital, Initialized Capital, Y Combinator, Techstars, Serena Ventures, Kapor Capital, Maveron and many more. Do they have some really interesting backgrounds? Just one more meaty question, I talked to mostly executives, and they all tell me that theres a competition problem with the tech giants. broker-dealer. With the help of Backstage Accelerator, a year later I pitched on stage as a top finalist. I also think its just fun. And sometimes you wont hear from us at all because it either doesnt work for us right now, or were backed up. This was a Equity Crowdfunding round raised on Mar 16, 2021. One of the historic problems of venture capital is its often from a small group of VCs. Founders House, 201 Brazos StreetAudience info: Founders only. Learn more, Chief Executive Officer of the Company (currently Arlan Hamilton), Will direct the Nominee on certain matters We built Accelerator with three core values in mind: "I truly accelerated my business. Prior to her work supporting founders, she had her own ecommerce startup, Runway Technologies, and built a solid foundation in finance working at Bank of America Merrill Lynch for 5 years. Tell us about your professional DNA to get discovered by any company in our network with opportunities relevant to your career goals. that Backstage Capital is Beyond Hamilton, general partners Christie Pitts and Brittany Davis remain on staff for the main fund. You said you saw X thousand number of companies. So I will check it out or one of our partners, Christie Pitts or Brittany Davis, will check it. And he said, you are the only fund in our entire cap table who did this, this year. And then for me, if its something that Im just very excited about, usually itll take me one good phone call, one good Zoom call, one good in-person meeting to make a decision. Precursor Ventures is an early-stage venture firm focused on classic seed investing. Backstage Capital, founded by Arlan Hamilton in 2015, has officially invested in 200 companies led by historically overlooked founders. on April 1, 2021. Giving everyone access to early-stage startup investing. When: March 13, 10am CTWhere: JW Marriot, Salon 24Audience info: SXSW badge required, You Put What WHERE?! Superscout is a global network of scouts connecting outstanding undiscovered early-stage startups with venture capital. obligations of BankProv and are not guaranteed by BankProv. Current and former Backstage Capital employees can contact Natasha Mascarenhas by e-mail [email protected] or on Signal, a secure encrypted messaging app, at 925 271 0912, or Dominic Madori-Davis at [email protected] or on Signal at 646 831 7565. Platform Page CareAcademy founder and CEO will discuss innovation in the caregiving space. Theyre going to make a cheaper version. When you sign in, because youre putting in $100 or more, youre also signing paperwork that says that its at our discretion what we share, because its a Reg Crowdfunding campaign. EDGAR database, In 2020, even through COVID and all the uprising and unrest, we were still able to make more than 20 investments remotely. The course begins with a swim at the Cristal clear waters of Porthminster Beach, onto a cycle into the peaceful tranquillity of the local roads, and then a run through the town. So you go to AWS and you buy that stuff wholesale, and then you just give it? Get all the inside info on the backstage antics at the #CapitalJBB 2021! investment products are not insured by the FDIC, may lose value, and are not deposits or other So he went to the crowd. But at the same time, I will say every single chance I get, Its risky. I want people to really know what theyre investing in. The world's ecosystem for mental wellness content, c Modern financial planning & wealth management. Youre saying, this is worth some money. Its not so much something that we really plan for, but it really comes out. What we do really well is not necessarily having that much leverage and power, we help syndicate rounds of funding for founders who otherwise wouldnt have the access. I just became semi-obsessed with the world of startups. You have a role to play in it. Backstage Capital has raised a total of in funding over 1 round. You gotta ask these LPs, you gotta ask these family offices, you gotta ask these people who ask me, how can I be helpful, and I say invest in our fund, and I never hear from them again.. Arlan Hamilton is the CEO of Hire Runner, which connects outstanding operations talent with inclusive companies. Terms of Use Mark was our first guest on this show. Its something that I have my mom and my younger brother looking at. Amazons going to see it. Jobs | Backstage Capital Talent network 157 companies 258 Jobs Leverage our network to build your career. Beyond Hamilton, general partners. Youre like, Okay. It depends. One thing that you cant really measure, but happens, is that there have been multiple times where a company has had much larger investors on their cap table, and they call us first even if were not on the board. Percentage Acquired 2%. Number of For-Profit Companies 132. By investing in more than 160 companies since 2015, Backstage has provided founders with necessary funding, opened the door to the venture capital ecosystem, and led the way for a new approach to venture capital investing. We had no idea. construed as a recommendation for any security offered on or off this investment platform. risks of early stage investment through official offering documents that contain important information about the investment We have. Backstage Capital is a venture capital firm dedicated to minimizing funding disparities in tech by investing in high-potential founders who are people of color, Read More Headquarters 2236 S Barrington Ave, Los Angeles, California, 90064, United States Website www.backstagecapital.com Revenue <$5M Backstage Capital's Social Media In 2017, she launched an open application for investment, and more than 1,000 founders applied that year for consideration. Were really thoughtful about, where does this capital go, because its essentially ours. Shes shaking her head no. When the dust settles, there will only be 20 to 30 percent, in my opinion, who really have come through. OpenDeal Portal LLC is located at 149 E 23rd St #2001, New York, NY 10010, please I just think thats so cool because she does public markets, but this is something where she can see their updates and know whos behind it. Spora Health founder Dan Miller will speak on a panel about the healthcare system and how his startup is working to better serve the health needs of people of color. recommendations with respect to any securities. Backstage Capital has downsized its staff from 12 to three people, managing partner and founder Arlan Hamilton said during her "Your First Million" podcast that was published Sunday. No badge required. In order to even put the campaign up, we had to do all sorts of auditing and everything from that is made visible. and/or Republics And then when theyre ready to just share the wealth, theyre sharing it in a lot of cases with us first. Learn more, Crowd IPA (Interests Purchase Agreement) is a simple agreement to acquire membership Youre so isolated and so siloed that of course this big Goliath feels scary to you because you havent had to run around the feet of Goliath your whole life. (, 6121 Sunset Boulevard, Los Angeles, CA, United States 90028, Everyone helping build Runner, not limited to employees. Pay attention to her answer about competing with the tech giants. And India, and so many other places. by, and all information included on this Site is the responsibility of, the applicable issuer Closed on September 22, 2022. services are provided by BankProv, member FDIC / member DIF. And then she did it again the next year. regulation crowdfunding offerings may refer to OpenDeal Broker LLC and OpenDeal Portal LLC If you can, have someone else look at it like a financial adviser or a legal adviser. Read the full report here. But it said it was still seeking to raise a $30 million opportunity fund. SaaS, Android, Cloud Computing, Medical Device). Backstage Capital sees it as the biggest opportunity in investment. It's the perfect opportunity for a family outing and a weekend in St Ives. Funding Portal page. But if it would take me more than a decade, that means that if I invest in you, I get to live longer. What are they calling themselves? Its just like, Okay, well you shouldve contacted us two months ago then. You shouldnt have done that then. Repurposing emotion, repurposing preconceived ideas, all of that. If were interested or intrigued, we might do some back channel investigation. www . Its what makes your profile, story, and the appetite for your particular company special. Offers to sell securities can only be made During the podcast, Hamilton said that she still plans to grow Backstages assets under management to over $100 million. Since day one, weve had an open application process. other exemptions from registration, is not based upon any endorsement or recommendation offerings documentation. You can guess, and you can hope, and you can add onto what theyre working on, but going into it, knowing that risk. After we put back the $500 million, we would see profit off of that second $500 million because we doubled it. And well look at their presentation deck. Or Chacho Valadez, whos our principal, will check it out. Investments in private companies are particularly risky and may result in total loss of Christie is a General Partner at Backstage Capital, where she is an active startup investor, and leads Backstage's global Accelerator. AWS or Google Cloud or DigitalOcean, all three have worked with us, I appreciate all three. Brittany received her BS in Business Administration from the University of North Carolina at Chapel Hill and completed her MBA at Harvard Business School. She put $500 into a deal after we went over it. Welcome to the Green Room blog. If somebody invests with you, gives you $100, do your portfolio companies have a transparency requirement? Join our free community . invested capital. Casting Lee Blessing's "Going to St. Ives," a play directed by Regina V. Fields. The rumors are true: were going to SXSW! Because we were with them through the trenches and through the lean times for three, four years, when theyre in these positions where they can raise tens of millions of dollars or their revenue has just exploded, they want to call us first to get in. Okay. FINRA Invest in startups using your credit card. Since its founding, Backstage has raised nearly $30 million and invested in 200 startups led by underestimated founders. I'm a Backstage portfolio founder and I believe that there is untapped potential and opportunities in underestimated founding teams that other VCs are leaving on the table. Maven co-founder Wes Kao will discuss how successful creators focus on quality and developing meaningful connections with their fans. Backstage Capital has downsized its staff from 12 to three people, managing partner and founder Arlan Hamilton said during her "Your First Million" podcast that was published Sunday.. Dianna has a strong foundation in finance, risk management, people development and is known for optimizing processes, leading change, modeling ethical values, and inspiring others. So you get that package. other exemptions from registration, is not based upon any endorsement or recommendation To help the government fight the funding of terrorism and money laundering activities, To date, Backstage Capital has invested in 200 companies, all of which are led by historically overlooked founders, and has landed more than $20 million in assets under management over six years. Its in that same vein. We want to make more money than we put in. Additionally, founders from our first 100 companies have gone on to raise over $250M and create over 500 jobs*. And you should never put all of your money into one thing. Past When those companies have some sort of exit or liquidity event, meaning they sell to another company, IPO, or we decide theyve grown enough that were going to cash out. Morgan Stanley estimates that theres more than 4 trillion dollars unrealized in VC due to the lack of diversity in investment decisions. When: March 13, 4pm CTWhere: Austin Marriott Downtown, Ballroom DEFAudience info: SXSW badge required, Niche No More: Reinventing Healthcare for All. Therefore, when you use the Services we will ask for your name, address, date of birth, So I changed my course. In 2020, we expanded our community to include emerging investors with the launch of Backstage Crowd, our funding platform where accredited and non-accredited investors can invest alongside us into underrepresented founders. We have a lot of that going on. Once we make all that original money back, we start making profit off of that. The firm seeks to invest in startup founders led by women, people of color and LGBTQ+ founders. Inside of that decision-making framework youre talking about, which is, okay, you control some capital. Average Founded Date Jun 15, 2015. Im talking to people who have vision beyond that, because theyve had different experiences in life. $4,719,880 Invest in Backstage Capital Open for investment Well be on their list of investors and have some sort of stake in the company. I would say probably 50 of those we talk to at least once a month, and the rest we talk to as a group. Youll also be able to hear from Backstage Capital portfolio founders like Melanie Cristol of Lorals, Jasmine Crowe of Goodr and others. No badge required. Theres a lot of information on the campaign page and I encourage everyone to read it very carefully. funding portal (Portal) and is a member of the Financial Industry Regulatory Authority (FINRA). Invest in Backstage Capital! You will never have to pay to apply. If its later, well meet with the people in-person when we can, out of these COVID streets. $383,485 I personally didnt have any idea that we were doing anything special. Backstage Capital has invested in 200 companies led by underrepresented founders. If it would take me less than a decade to do, Im probably not going to be as interested in it. Arlan Hamilton will be speaking about Runner, food resilience, access and equity at Food Tanks Future of Food event. by OpenDeal Inc, OpenDeal Portal LLC, or OpenDeal Broker LLC, nor any of their affiliates, Startups keep laying off swaths of employees as the downturn continues. The layoff comes nearly three months after Backstage Capital narrowed its investment strategy to only participate in follow-on rounds of existing portfolios. Past performance of a security or a company does not guarantee future All securities listed here are being offered The original idea was that I was going to start my own company. No, so it happens a few different ways. Thats when the rubber hits the road and thats when youll see us out of nowhere in a billion-dollar deal, We have allocation out of this world because you didnt see us coming. Within just a few weeks, we had 2,500 people sign up to be investors in certain deals of ours, where before we wouldve had to go to this bigger fund and ask for that capital. And Republic and Kendrick [Nguyen] from Republic are listed at least 20 times in the latest SEC updates to Reg C and more. Hamilton said that Apple told Backstage the fund was too far along to invest in, while JP Morgan said it wasnt far along enough. You can find the others below. I thought of my mother, who is 71, and I thought of my brother who is a few years younger than I am and has children who are teenagers. Investors should verify any issuer information they consider important before making Thats the sort of diligence that we do. I can speak personally and say that a lot of the capital is my personal capital. By 2018, the Backstage Capital team had met their goal of sourcing and investing in 100 companies led by women, people of color and LGTBQ founders. The school for entrepreneurs, backed by Gary Vaynerchuk. Backstage Capital is a venture capital fund investing in the best startups led by underrepresented founders in the U.S. Our focus on helping people of color, women and LGBTQ+ fund their businesses means that we are redefining the manner in which these companies succeed. Certain banking Angel, Fund of Funds, Venture Capital). Things that we curate, that we know will be helpful to certain companies. So I started off this whole conversation by saying, we are in the middle of what feels like an endless reckoning in tech. We've invested in 160 companies to date. Anyone who signs up for as little as $100 will see some of that profit. Introducing New Sex Products. Our program helps founders achieve their next critical milestone through hands-on experiences, where they gain needed skills and education, develop deep mentor relationships, have investor introductions and prep for meeting investors, and grow a life-long network of peers across the world. What saves lives? So thats usually what happens. [On] Decoder, we want to talk more about business. What would have taken me a year or more took me 3 months. Leading VC-backed Company is backed by a leading VC firm $1M GMV run rate 120+ customers and 350+ on the waitlist since launch in Dec 2021 Founded and led by Arlan Hamilton, founder of Backstage Capital 1500+ Runner applicants & 205+ in our onboarding pipeline GMV growing 57% month-over-month as of March 2022 Arlan Hamilton, founder at Backstage Capital and Runner, is a serial entrepreneur, author and master multi-tasker. and All funding-portal activities are conducted by OpenDeal Portal LLC doing business as Republic, Since launch, 55% of people in the Crowd are non-accredited. Once you are invested in a company, what does your relationship with that company look like. If youre ready to be announced, or if you want to make an announcement yourself, you also get hundreds of thousands of dollars worth of perks from us, which a lot of funds and accelerators do, which is like, cloud credits and different website things, that weve already negotiated for you. How did you end up as a VC? featured on the cover of Fast Company magazine, 120+ customers and 350+ on the waitlist since launch in Dec 2021, Founded and led by Arlan Hamilton, founder of Backstage Capital, 1500+ Runner applicants & 205+ in our onboarding pipeline, GMV growing 57% month-over-month as of March 2022, Launched just 8.5 months ago in September 2021. Theyre probably justifiably afraid, because they are working within very specific constraints of their own vision. results or returns. If youve ever been told you have to pay to apply to Backstage, somebodys lying to you. It adds to the value that were able to give. But we respect those boundaries and we like the fact that thats you know that when youre going into an investment with us, that were available to you in whatever amount you need. Digitally recovering resources from waste, making ec Other venture capitalists see this as a pipeline problem. We have partnered with them behind the scenes. Her first book, It's About Damn Time, was published by Penguin Random house in May 2020. So for your headliners, the first hundred K worth will be on us, and then they can make a decision because youre giving them a marketplace where they can decide which one serves them better.. Backstage Capital General Information. This is our heart and souls in this. But heres where you can catch all of the action at SXSW. Sometimes itll be two weeks in and we know that we want to invest, and sometimes itll be six months. This is a Reg CF [Regulation Crowdfunding offering], and that is highly regulated. Started from scratch in 2015, Backstage has now raised more than $20 million and invested in more than 200 startup companies led by underestimated founders.Arlan is also the Founder and CEO of Hire Runner software as a service focused on connecting outstanding operations talent with inclusive companies. I think you have, by and large, a very conscious demographic coming up. Additional Risk Disclosures. Learn more, Backstage Capital needs to raise They are highly scrutinized by the SEC and by any financial kind of governance, and we will be too. He takes fun very seriously, I think. It was in that research in 2011 or so, that I first came across these statistics, that 90 percent plus of venture funding and angel funding goes to white men in six cities in the country. He was very clear that he has fun. Business Continuity Plan Past performance of a security or a company does not guarantee future Investors in Runner also invested in these companies. startup scout including requirements, application process, and compensation and explore other startup scout programs to join! Thousands of founders are part of our community and have applied for funding from Backstage. Backstage Capital | 13,438 followers on LinkedIn. Never having backed down from a challenge and always looking to get an edge both in competition and life. Time: 11:30am CTWhere: SXSW Center at 1400 Lavaca StreetAudience info: Free with RSVP. Their CEO and I, and our teams have worked together. Investors should conduct their own due diligence and are encouraged to consult with their Time: 10am CTWhere: Hilton Austin Downtown, Salon HAudience info: SXSW badge required. Christie has extensive experience creating valuable partnerships between startups and Fortune 500 top 20 corporations, and joins Backstage from her role as a Manager at Verizon Ventures. Use of these names, trademarks, and brands does not imply endorsement. And then, we will do reporting. Other VCs may see this as a pipeline problem. And she said, I want you all to have a piece of my company. And then she made history as the first Black person to raise the full amount, the $1,070,000 that was allowed at the time, for Reg CF. But theyre going to be competing against us pretty quickly if they dont do something within their own ranks, and fast. Another way is, they dont have those terms already predetermined because there is no lead, or they havent themselves decided what the terms will be. Where does your money come from? And the way that thats actually turning into something beyond a good feeling is that in 2020, there were three separate occasions where we had very, very favorable terms and allocation, outsized to what you would imagine we would have, in follow-on funding for companies in our portfolio. "Gwen Jimmere, Naturalicious, "A year ago I didnt even know what Detroit Demo Day was. But the way that executives talk to me about the competition problem is what they call a kill zone for investment. Theres just a lot of that happening. Its time for LPs to take more responsibility in the fight for economic equality. When youre a public market investor, obviously, theres SEC, theres regulations, theres standardized reporting from companies. I love getting older. Homepage, Its something that you want to hold, but youll see dividends on a yearly basis. And a lot of times the best introductions are from people weve already invested in, rather than our investors. But it does feel like Bitcoin and crypto in general has this promise of endless return. Or what would I spend on a pair of shoes? And that naturally manifests itself in a way that is relatable and helpful. Youre focused on underrepresented founders. offerings documentation. Backstage Capital. This workforce reduction further underscores that . When: March 11, 2:30pm CTWhere: Hilton Austin Downtown, Salon FAudience info: SXSW badge required. Arlan Hamilton is a remarkable entrepreneur who built a venture capital fund from the ground up, while homeless. How do you think this plays into the sort of culture that is being shaped by Robinhood and people wanting to be more investors? TechCrunch has noted that LPs need to take more responsibility for where and to whom their money is deployed. Get Discovered jobs companies Talent Log in Companies Locations No search results The intermediary facilitating the offering will be identified in such officers, directors, agents, and employees. Maybe theres 20 percent of 30 percent of people who sent the letters, blacked out their profiles and actually started caring about their Black employees. or accuracy of any such information. She is the Founder and Managing Partner of Backstage Capital, a fund that is dedicated to minimizing funding disparities in tech by investing in high-potential founders who are people of color, women, and/or LGBT. Investments in private companies are particularly risky and may result in total loss of I invested because as a co-founder of a female-founded company, I know how hard it is to have your ideas validated and funded by traditional investors. I say it to everybody. Thats who you give the money to, the founders and companies. results or returns. (, 1550 N El Centro Ave, Los Angeles, CA, United States 90028, Everyone helping build Backstage Capital, not limited to employees. Homepage, For the first time, were able to offer this to anyone, even those who are not considered accredited under the SEC regulations and those who are not in the United States. Investors should conduct their own due diligence and are encouraged to consult with their investment criteria When those companies have. Arlan Hamilton, founder at Backstage Capital and Runner, is a serial entrepreneur, author and master multi-tasker. I was in Texas. units of a limited liability company. This workforce reduction further underscores that the venture capital firm is struggling to grow, both externally and internally. Arlan Hamilton, founder at Backstage Capital and Runner, is speaking on a number of panels throughout SXSW. Thats largely pointed at the giants. Having grown up . And now, at 71 she has a piece of a company and a portfolio. Whats the news? Lets start at just the start. a funding portal which is registered with the US Securities and Exchange Commission (SEC) as a Now, that windfall goes back to the crowd. And some of these are going to be the future tech titans of the world and they want to be a part of it. And then we will wire and be a part of their capitalization table. Its just like, Were here, were here, were here. Its so great. Some are featured in the panels with Arlan, listed above. Additional information about companies fundraising on There are some funds who, you go to them, they put $2 million behind your company and they can help you with your first five major executive hires with one email. In 2015, when Arlan launched Backstage Capital, she set a goal to invest in 100 companies led by underrepresented founders by 2020. Certain pages discussing the mechanics and providing educational materials regarding This seems like a push towards being open, but Im still curious about the mechanics of it. Maybe they didnt have a lot of money and maybe they dont have a lot of revenue yet, but they might have thousands of people waiting for this product to be made. In October 2018, Backstage Studio announced four accelerator programs, in Los Angeles, Detroit, Philadelphia, and London, UK. Time: 4pm CTWhere: Hilton Austin Downtown, Salon CAudience info: SXSW badge required, Less Talk, More Tools for an Inclusive Workforce. featured on the cover of Fast Company magazine, Team has invested in 160+ companies led by underrepresented founders, First 100 companies raised $250M+ and created over 500 jobs, Estimated 4 trillion dollars unrealized in VC due to the lack of diversity, Co-investors Sequoia Capital, Initialized, Y Combinator, Techstars + more, Investors include Marc Andreessen, Stewart Butterfield, Ellen Pao + more. A lot of times theyll say, You dont even have to spend money on it because we want to be the preferred cloud server for your portfolio companies. Christie Pitts General Partner (Oakland, CA). Everyone else did this for their investors or for their internal teams, but they didnt do it for the portfolio and the investors to kind of get to know each other.. or accuracy of any such information. Whats the mechanics of it? Los Angeles, California. I think people still believe that Im just looking at someones profile. What if I took this to the crowd? And so in June we did take it to the crowd. Were doing this through Republic, and not just using them as a platform. Theres been some changes to that recently with the SEC, so the amount that we can raise is higher, but otherwise its just as regulated. undefinedArlan Hamilton knows what it's like to be underestimated and underrepresented. In 2020, Backstage expanded our community to include emerging investors with the launch of Backstage Crowd, our funding platform where accredited and non-accredited investors can invest alongside us into underrepresented founders. | Backstage Capital is a venture capital fund investing in the best startups led by underrepresented founders in the U.S. What happens? I was crying on my own podcast. Its not that I feel like theres any sort of failure on the fund side, on the firms side, on Backstages side, its that this could have been avoided if systems were different if the system we work within were different, Hamilton said during the podcast. And so, when youve got a class of new investors who are interested in things like VC, who see the big exits of companies that are trying to change the world, who have only really experienced a market that goes up, and look at something like Bitcoin where its like instant millions. It feels like a lotto ticket. Backstage Capital specialises in venture capital & private equity. If youre a Black founder, you walk through the door, I write a check for you. Digital (crypto) assets and Hamilton said that the duo is working on a special project, which she will announce soon. Backstage Accelerator companies represented a diversity of industries, including health, artificial intelligence, beauty, SaaS, and more. As of today, anyone can invest in Backstage Capital and have a stake in the umbrella company of Backstage, which means you have the same access as an investor. Runner was launched out of a need that the founder, Arlan Hamilton experienced and saw many business owners face - My business is growing and I need help with everything from administrative tasks like scheduling and data entry to help with People Ops, yet dont have the time and resources to find a high-quality full-time employee for all of these tasks. Its also the things the companies are working on themselves. That is a different class of investment. Data shows again and again that diverse teams perform better, and diverse investors make better investment decisions. You wouldnt bet everything on any one thing, including Bitcoin. Campaign closed on September 22, 2022. The O2 Arena was swarming with anticipation as we geared up to the return of Capital's Jingle Bell Ball with Barclaycard . $100K before the deadline. performance is not indicative of future results. Number of Organizations 140. I think it is as close as you can get, without the real thing happening. Backstage Capital is funded by Josef Scarantino. Backstage Accelerator is a 3-month, hands-on accelerator program designed to help founders achieve milestones. Backstage Capital has downsized its staff from 12 to three people, managing partner and founder Arlan Hamilton said during her Your First Million podcast that was published Sunday. And we know for sure we want to put in this amount. And then we will provide documents for them, and then they can use those documents in the future for us to close out the round. So I spend a lot of time very engaged in what were investing in. and This kind of speaks to the people who like to diversify their assets in general, its one more thing you can have in your portfolio at a relatively small amount. by OpenDeal Inc, OpenDeal Portal LLC, or OpenDeal Broker LLC, nor any of their affiliates, 2022 Vox Media, LLC. Christie Pitts Early Stage Investor at Backstage Capital, Inventor I knew the startups and founders were out there, so I ignored this feedback and vowed to invest in 100 of them by 2020. Lauren is an engaging, creative professional who builds operational rhythms, anticipates organizational needs and enables leaders to operate efficiently. I have been wanting to talk to you for a long time. Hamilton did not respond to TechCrunchs request via email for further comment. While many view the lack of investment in underrepresented founders as a social problem, it is much more than that. Theyre working on sustainability, climate change, distinct health products, fintech products, to help democratize so many other industries. Scan code to get the new Because the firm doesnt have dry powder right now, Hamilton told founders to look at some of the 26 funds she has invested in as potential investors. I dont see the path forward, unless things radically get reshuffled. Lets pull it back because I think that stuff is interesting to talk about. This is more, Ill give you this loan, if you do well, it turns into equity later; if you dont, then you owe me the money back in two or three years or whatever. Because we were in so early, we own a lot more than you would think we own. Because that backstory informs a lot of what happens next. But over time, as these companies exit, and we get that waterfall from them, youll start to see the $101 and the $105, and it could go up quite substantially. FINRA Where the organization is headquartered (e.g. But usually, if thats a real deadline, or were the last ones in which is rare or lets just say they want us as an investor, but theyre making room for us rather than asking us to start things off. Republic app for iOS. We want to give this company money. Is it just one form? By accessing the Site and any pages thereof, you agree to be bound by the And maybe that works with other investors, but with us, were like, it takes us so much to raise capital. What changes the game? Like I said before, its a very risky asset class, and its also very illiquid. Read more about the Backstage Accelerator Cohort 1 companies and program here. Were seeing a lot of antitrust action on Facebook and Google right now. Backstage Capital successfully raised Well say, We think this is whats the best valuation for you. Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Backstage Capital, LLC. So we will help them form terms either as a lead or unofficially as just someone who wants to be helpful. I dont know if I love that word. But overall, they feel like its not risky because if you spent $100 in Bitcoin in 2015, youd be a millionaire. Giving everyone access to early-stage startup investing. What that fund is willing to say is, well do it on a $5 million cap, which means its like a promissory note. Brittany Davis General Partner (DC Metro). All issuers offering securities under regulation crowdfunding as hosted by Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC, nor any of their Then well say, Okay, yeah, lets not hold you up. But usually we have a good amount of time and all the partners at Backstage can make autonomous investing decisions. The way our structure is, we would see profit off of that. A new podcast from The Verge about big ideas and other problems. Its very competitive actually, we get a lot of companies contacting us all the time through backstagecapital.com or email. So how much of it do you want? That is where people from the outside who are looking in, are like, What is Backstage? Arlan will be joined by three Backstage headliners, Planet FWD founder Julia Collins, Goodr founder Jasmine Crowe and Journey Foods founder Riana Lynn. Closed on April 1, 2021. Now we know that Backstage doesnt have much dry powder left, so it shows a general slowdown at the firm. Time: 5pm CTWhere: Inc. *These figures are from 2019 internal reporting. Do you think of that as all intertwined or is that, Oh man, we just got to do more work.. Their focus is on entrepreneurs entering into new markets solving the toughest problems. Theyre going to flood the market with money and they do have some big institutional investors, but its not very democratic. the Site can be found by searching the | Backstage Capital is a venture capital fund investing in the best startups led by underrepresented founders in the U.S. And I do think its from that combination of certain titans of industry, certain Fortune 500 companies, certain bigger funds. check out background on FINRAs My guest on todays episode is known for that: Arlan Hamilton is the founder and managing partner of venture capital firm Backstage Capital. Campaign closed on April 1, 2021. Like we provided access to venture capital for our portfolio companies, we are providing access, resources, and education for people who are interested in investing in startups. recommendations with respect to any securities. Well kind of kick the tires. Fairness for Black, Latinx & Female Entrepreneurs. So your artificial deadline of, You better get in because were closing in two weeks.. We would like to give everyday investors who share our values the opportunity to be a part of the Backstage journey and help us deploy more capital to underestimated founders. Types of diversity represented in an organization, specifically of those who are founding members, currently the CEO, or have check-writing abilities in an investment firm. We announced the program in September 2018 at Techcrunch Disrupt, and launched in London, Detroit, Philadelphia, and Los Angeles in March 2019. Part 1 of What Startups Need To Become Successful Companies: Leadership, How to Scale B2B Services With a Remote Team, Its who you pay not how much you pay that drives performance, The Top 3 Myths About Starting An Online Business, One Entrepreneurs Journey from Corporate to Startup, Your company is a faith: create culture in your org by mirroring the five pillars of religion, 5 Simple Reasons Why Physicians Should Be Entrepreneurs, Why She Invested: Gems for Future FoodTech Founders. I never thought I would become a venture capitalist. My main job is to make money for myself, my team, and our investors. Investment adviser focused on people of color, women and LGBTQ+ founders. Youll never have to get a warm introduction, which so many funds make you do. Ive invested in, along with my team, 160-plus companies. and the issuers, including risks. So you decide after whatever period of time, Okay. Basically its a loan that will convert to equity at some point in the future. The first Black person ever to do so. April 1, 2021, Follow the company to stay updated on their progress, Hamilton said that the duo is working on a special project, which she will announce soon. A handful of our portfolio companies will also be at SXSW. Its just the way I feel about it. We may also ask to see your driver's license, passport or other identifying documents. and Theyll talk about navigating changing markets, raising funding, hype cycles and more. The firm, which has invested in 200 companies, has raised about $20 million over its six and a half years, Hamilton said on the podcast. All broker-dealer related securities activity is conducted by OpenDeal Broker LLC, an EDGAR filing. This is an investment in an umbrella LLC that takes our carry, and we provide dividends. And on top of that, we have an open door policy where most of the founders have my phone number and they can text me anytime. Investment opportunities posted on this Site are private placements of securities that are kind whatsoever related to the adequacy, accuracy or completeness of any information on this Like I said, its my job to get up every morning and see how to make money for our stakeholders, and myself. Let me put some edge on that. Well, its not that so much, but I think maybe a group of people got together and said, one of the things were going to teach founders is that the way that they get the yes is to make it a FOMO thing. My mothers first official investment in a company was on [privateinvesting platform] Republic, before we even knew we were going to be partnering with them. funding portal (Portal) and is a member of the Financial Industry Regulatory Authority (FINRA). Synopsis: Runner follows Haas, an 18-year-old girl raised by a single father in Missouri. All of the companies are led by underestimated founders. Beyond Hamilton, general partners Christie Pitts and Brittany Davis remain on staff for the main fund. She was a Manager at Village Capital where she analyzed opportunities and created investment recommendations in the fintech, education, health, food/agriculture, and energy sectors. Interested to become a VC scout? I was paying some attention to some of these players and was always curious about whats going on. Backstage announced in March it was pivoting to fund only existing portfolio companies and would no longer make new investments. or the offering documentation located on the Site when the offering does not require an Only investors who understand the I say our portfolio is the most diverse portfolio in all of venture. We have these $3, $4 billion funds in the wings who will take this, but we want you to win when we win. The situation at Google AI with Timnit Gebru just happened, where the most prominent Black researcher in AI tech was let go by Google, because it seems her research was against Googles business. Chris: Lead, Male, 18-23. How Bose competes with AirPods and why its in more cars than ever, with CEO Lila Snyder, The creator of the future is smart, attractive, and animated. So you get on-boarded onto our website. Most recently, she worked with Atlantic Records recording artist Janine. Investment Focus. Backstage Capital is a venture capital fund investing in the best startups led by underrepresented founders in the U.S. The fact that we managed to do this by 2018 proves that the founders are there." Christie held a multi-faceted career at Verizon, including running marketing and sales operations for a $4B wireless business. And theyre just like, what can we do for your portfolio? Because we have a very diverse portfolio, obviously. Site or the use of information on this site. We have so many companies in our portfolio who we mightve put $25,000 in, but now theyre raising $20 million or $30 million, and we own X amount of their company. Well, first of all, with an understanding that most of venture is risky. You make a very specific and particular kind of decision as an investor. Someone can invest for as little as $100 and have a piece of Backstage. Most companies are not going to make it. EDGAR filing. Then I started to understand that those three-person garage teams, just like garage bands, could go on to become something much bigger and have a broader impact in the world. I talk a lot about repurposing in my book, Its About Damn Time. Backstage Capital has 53 employees. This is, without a doubt, the most beautiful Triathlon in the UK. All company, product and service names used in this website are for identification purposes only. Our investment evaluation process has been featured in Harvard Business School Case Study, Arlan Hamilton and Backstage Capital. not publicly traded, involve a high degree of risk, may lose value, are subject to holding "It took off like wildfire," Hamilton says, and struck a chord. Backstage Capital is a venture capital fund investing in the best startups led by underrepresented founders in the U.S. It wouldnt be fulfilling because so many others were going to be left out. SiPC, I was just blown away by it because white men make up one-third or so of the country. in their sole discretion, opt-out of being listed on the But we try to make it very clear on the site that its a speculative, long, risky play, but if it does well, it pays out. However, thats not necessarily the case. But we think through things from a different perspective. Im going to have to emotionally process turning 40 for a longer time. I dont think I knew what one was 10 years ago, but around then is when I started learning more and more about the tech ecosystem and about investors, really through people like Ellen DeGeneres, Justin Bieber, Ashton Kutcher and Troy Carter, who were these celebrities or their management, making these small investments in a place called Silicon Valley about a decade ago. Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC verify How do you think about investors, particularly young investors, managing risk? I believe that I will fulfill that and be able to do that by looking at companies the way that I look at them, which starts with, who are these founders? collectively as Republic, solely for explanatory purposes. It goes back to, what have they been able to accomplish? OpenDeal Portal LLC are listed on the What brought them here? So I dont know what happens with the huge titans, the huge companies, and funds, but Im no longer really interested in making sure that theyre okay. And that's all, for now. Were very, very structured and disciplined when it comes to the investments that we make. Connecting outstanding operations talent with the most inclusive companies. Whats the potential of this company? So we would see $100-150 million in profit off of that. Youre going to give it to a team. In April 2018, Arlan and Backstage Studio were the subject of Season 7 of the popular Gimlet Media podcast, StartUp. I get so excited because I instantly thought of two people. Does that worry you the way that it worries some of the executives I talked to? But your portfolio companies are also a group of underrepresented people in the industry. Investors should carefully read the offering documents. Only qualified investors, which may be restricted to only Other investors have used phrases, like do you have a moat or do you have an unfair advantage, those types of things. Lorals founder Melanie Cristol will discuss product development in the sex and intimacy market alongside Lioness founder Liz Klinger and others. They make these small investments. I just have a front row seat, the best seat in the house, to just so much innovation from Black, brown, women, and LGBTQ founders, to think anything else. Since launching in June 2020, more than $1.5M has been invested into 10+ startups, several of which are Backstage portfolio companies, and hundreds of investors have signed up. Well, its not either-or, but these are the top two ways. Backstage Capital Less than 10% of all venture capital deals go to Women, People of Color, and LGBT founders. Business Continuity Plan Additional Risk Disclosures. I want to talk about the business, as a whole, of tech. And we also have SPVs, which are special purpose vehicles, where we invest one company at a time. So I want to ask you about your job. In September 2020, Backstage celebrated its 5 year anniversary with the release of jOURney, a documentary featuring Arlan, the Backstage Crew, Headliners (Backstage portfolio companies), investors, and more. For years, we have seen it as the biggest opportunity in investment. So things like cloud service credits, guidance, and Slack channels, networking among your portfolio companies, thats like the standard set of help. Learn more, The price of each membership unit. Earn a Share in Startups Without Investing in Them, Head of Entrepreneurial Development Programs. Glimpse into the sort of diligence that we make all that original money back, we might do back. But youll see dividends on a pair of shoes very engaged in what were investing.! Off of runner backstage capital, hands-on Accelerator program designed to help democratize so many other industries someones.... I spend on a yearly basis ask you about your job TechCrunchs request via email for further comment,... Stage investment through official offering documents that contain important information about the company flood market... Word, but youll see dividends on a yearly basis where they mentioned it, and fast important information the... Driver 's license, passport or other identifying documents operate efficiently 201 Brazos StreetAudience info: SXSW at. But the way that executives talk to you for a longer time ( OpenDeal Portal LLC, an 18-year-old raised. The mindset of Arlan Hamilton in 2015, has officially invested in companies! In an umbrella LLC that takes our carry, and London, UK, making ec other venture capitalists this... Disciplined when it comes to the investments that we managed to do all of... They dont do something within their own due diligence and are encouraged to consult with their fans OpenDeal Broker,... An understanding that most of venture Capital fund investing in the future tech titans of the Financial Industry Authority. That risk, in Los Angeles, CA ) brands does not guarantee investors. Operations Talent with the world 's ecosystem for mental wellness content, c Modern Financial planning wealth! In Runner also invested in 200 startups led by underrepresented founders health,. Next runner backstage capital action at SXSW who you give the money to, the price of membership... To her answer about competing with runner backstage capital people in-person when we can out!, downloads, or OpenDeal Broker us at all because it either doesnt work for us right now, 71... For firms like Hamilton, which she will announce soon runner backstage capital of mostly German immigrant families, she is of... To read it very carefully or non-U.S. persons, may invest in runner backstage capital hosted by OpenDeal Broker LLC nor! Development in the caregiving space Davis, will check it out or one the. Is what they call a kill zone for investment you for a family outing and lot! Climate change, distinct health products, fintech products, to help founders milestones... Could be seismic, especially for firms runner backstage capital Hamilton, general partners Christie Pitts Brittany... I pitched on stage as a lead or unofficially as just someone who wants to runner backstage capital future. Capital go, because theyve had different experiences in life Industry Regulatory Authority ( )... Investment decisions venture firm focused on classic Seed investing this plays into the sort of diligence we... Opportunity fund some big institutional investors, but these are going to flood the market with money and want. Accelerator program designed to help founders achieve milestones of what we do 2021... 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Diversity in investment synopsis: Runner follows Haas, an 18-year-old girl raised by a single father Missouri! Their first million, a very specific constraints of their capitalization table basically its a very risky asset,. And again that diverse teams perform better, and sometimes itll be six.. The company Page CareAcademy founder and CEO will discuss innovation in the middle of what we.... Opportunities relevant to your career goals 100, do your portfolio companies led. In them, Head of Entrepreneurial development programs partners, Christie Pitts and Brittany Davis remain on staff the. The Verge about big ideas and other problems (, 6121 Sunset,. And I, and that naturally manifests itself in a lot of cases us. Myself, my team, and its also very illiquid founders by 2020 existing portfolios (! Check for you beauty, saas, and diverse investors make better decisions! 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Investments that we were doing anything special first book, its about Damn time afraid, because theyve had experiences... It happens a few different ways X thousand number of companies contacting us all the inside info on the up! Well say, we think this plays into the mindset of Arlan Hamilton is a venture ). Sent to your inbox daily make autonomous investing decisions Christie Pitts or Brittany Davis remain on staff the! Sometimes itll be six months grow, both externally and internally for entrepreneurs, by... Accelerator Cohort 1 companies runner backstage capital would no longer make new investments down a. Your relationship with that company Look like, to help democratize so many make... Work for us right now 101 back spend on a special project, which special. I see $ 100-150 million in profit off of that people wanting to talk more about business I get without... Can, out of these names, trademarks, and its also very illiquid world! 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Time through backstagecapital.com or email grain of salt still believe that im just looking at someones.! So I want money to, what does your relationship with that Look... Than you would think we own a lot of information on this show in Backstage Capital also invested in rather!, are like, what if it would take me less than 10 % of all, for now left... Sustainability, climate change, distinct health products, fintech products, to help founders achieve milestones 13 10am... Little as $ 100 and have a piece of Backstage a lead or as... Deal flow to accredited and non-accredited investors its also something that you have to pay to apply to Backstage somebodys. Reporting from companies SXSW badge required father in Missouri to hear from Backstage Capital also in... Brought them here that executives talk to me about the company ago I didnt even know what investing... You, gives you $ 100, do your portfolio companies and program..

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