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Pattern breaking: Backstage Capital backs 100th diverse founder

Back in 2015, Arlan Hamilton, founder of Backstage Capital, pledged to back 100 woman, LGBTQ or person of color founders by 2020. Last week, she said her Backstage Capital already has hit that goal.

“They said it couldn’t be done,” Hamilton tweeted. Brian Brackeen‏, CEO of Kairos, a facial-recognition startup backed by Backstage, responded, “These 100 companies represent thousands of others that Silicon Valley VC’s said they could not find, or simply ignored.”

  • New Revivalist: “If the problem is that people are pattern-matching, that means there should be more people like me writing checks,” Hamilton told ImpactAlpha for our series on people reviving entrepreneurship  in America.
  • The Backstage 100: Portfolio companies include LendStreet, Solstice, Blendoor, O.School, Pilotly, Novoron and more.
  • The limited partners: Among Backstage’s 50 LPs are Sian Morson, Marc Andreessen, Rakesh Agrawal, Rashad Moore, Chris Sacca, Anne-Michele Harrington and more.
  • Take a look: What portfolio diversity looks like:

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