The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: Arlan Hamilton: "We Have Come For Cake, Not The Crumbs", Arlan's Plan To Return $1Bn in 10 Years, Why Arlan Plans To Giveaway or Invest 90% of Her Wealth & What The LP Class Can Do To Ensure More Under-Represented Managers Get Funded
Oct 5, 2020
Arlan Hamilton, the Founder and Managing Partner of Backstage Capital, shares her inspiring journey from struggling at an airport to leading a venture fund focused on underrepresented founders. She discusses her bold plan of giving away 90% of her wealth and redefines success beyond traditional metrics. Arlan sheds light on the misconceptions about funding for diverse entrepreneurs and the traits she seeks in impactful founders. With a vision for generating $1 billion in the next decade, she emphasizes the urgency for systemic change in the venture capital landscape.
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Arlan's Unconventional Path to Venture Capital
- Arlan Hamilton's journey began unconventionally, without a financial background, driven by curiosity about Silicon Valley investments.
- From music magazines and blogs to tour managing, she transitioned to venture capital after encountering the stark diversity statistics.
Pattern Matching for Grit
- Arlan Hamilton 'pattern matches for grit', prioritizing a combination of passion, groundedness, and relevant skills in founders.
- She observes how founders treat others, seeking those who are 'hungry, not thirsty,' demonstrating genuine drive, not just superficial ambition.
Catalyzing Generational Wealth
- Arlan Hamilton's overarching goal is to catalyze other people, especially Black and brown founders, aiming for long-term generational wealth creation.
- She emphasizes a strategic approach to amplification, aiming to maximize Backstage Capital's impact beyond immediate investments.
