This Week in Startups Arlan Hamilton on raising $5M in crowdfunding, empowering & educating underestimated founders | E1205
Apr 27, 2021
Arlan Hamilton, founder of Backstage Capital, shares her inspiring journey of raising $5M in crowdfunding to support underestimated founders, particularly women and people of color. She discusses the groundbreaking success of her campaign on Republic and how it reflects a growing interest in inclusive investment. Arlan also highlights her Founder University program, aimed at mentoring diverse entrepreneurs and preparing them for the challenges of venture capital, while tackling issues of systemic injustice in the startup ecosystem.
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Record Crowdfunding
- Arlan Hamilton raised $5M on Republic in under a week.
- This was the fastest $1 million raised in crowdfunding, achieved in just eight hours.
Unique Crowdfunding Structure
- Arlan's crowdfunding wasn't for LP investments, which are restricted in the US.
- She sold 10% of Backstage Capital in exchange for carry and management fees from her funds.
From Airport to Fast Company
- Arlan Hamilton's journey started from humble beginnings, including sleeping in airports.
- She's now a recognized leader, featured on magazine covers and investing in over 180 companies.