These impact investors know the power communities can bring to venture: FTC50Champs
rlan Hamilton has more than one way to measure her success. The founder and managing partner of Backstage Capital and founder of startup recruitment platform Runner has made a name for herself in venture capital through winning numerous awards and working herself out of poverty. But the only way Hamilton chooses to acknowledge her accomplishments is how they have allowed her to have a positive impact on others in her community.
Hamilton joins a handful of other professionals from the venture capital ecosystem on this year’s inaugural For the Culture 50 Champions List who have worked to give back to their communities by making VC more equitable to underrepresented groups. Often referred to as an industry built on networks, venture hasn’t historically been designed for those looking to break in that aren’t wealthy or white.
For Lolita Taub, the cofounder of the Community Fund, a fund focused on community-driven companies, creating an accepting network within venture was originally about finding a place for herself to land in the industry, and finding other peers that could validate her involvement. Once she felt comfortable, she quickly realized the value of passing it on. “A lot of this work is giving people hope,” Taub tells.
Sylvester Mobley hopes to extend this feeling to the next generation too. Mobley, the managing partner at Plain Sight Capital and CEO of Coded by Kids looks to give back to his community through his startup, which teaches Black and Brown kids that a future in tech at a venture-backed startup isn’t just possible but that they deserve the opportunity to hold positions of power. “A lot of our work has more to do with just trying to change the mindset of people,” Mobley says.
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