Topics
late
AI
Amazon
Image Credits:Derek White / Contributor / Getty Images
Apps
Biotech & Health
clime
Image Credits:Derek White / Contributor / Getty Images
Cloud Computing
Commerce
Crypto
Enterprise
EVs
Fintech
Fundraising
Gadgets
Gaming
Government & Policy
computer hardware
Layoffs
Media & Entertainment
Meta
Microsoft
secrecy
Robotics
protection
Social
quad
inauguration
TikTok
Transportation
speculation
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
Arlan Hamilton , founder of Backstage Capital , announced Friday that her part at the business firm she started in 2015 will evolve .
“ After 12 old age of being deep involved in the day - to - day mathematical operation , I ’ve determine to transition into a chairwoman and advisory position,”she wrote in a command released online . She was previously a managing partner at the house . “ This move will allow for me to focus on what I do well — amplify Backstage ’s delegacy , host berth hours with founders and investor , chairman the advisory plug-in , and bringing new opportunity to the table through my platform . ”
She also wrote that the firm will enter a strategic partnership with 360 Venture Collective , which will be “ produce a significant stake in Backstage ’s management entity ” and join in co - managing operators , providing majuscule , and help the firm scale .
“ Together , we ’re launch a $ 200 million fund in 2025 , ” Hamilton said .
We ’ve make out to Hamilton and Backstage Capital for scuttlebutt .
Backstage Capital has weather some tempestuous winds these past few years . The firm has clothe in more than 200 company , agree to PitchBook , include the fintech Guava and information platform Career Karma . It has around $ 20 million in asset under direction , with 56 exits . But we report back in 2022 that even then there seemed to be a slowdown at the firm . It announced at the clock time that it would backonly existing portfolio companiesand that it would substantiallydownsize its teamfrom 12 people to three .
Hamilton also note in her podcast at the time that she was frustrated with modified better half , saying the firm found itself in a “ purgatory variety of posture , ” because some investors believed it already had enough support , even though that was n’t the guinea pig . The landscape for business firm like Backstage and for founders like the I it backs has only become more fraught since 2022 . Funding and support to diverse founders and wheeler dealer has somewhat stalled , especially for Black founder .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
Hamilton write in her online statement that the firm ’s partnership with 360 Ventures would ensure the house remains sustainable “ while manifold our ability to support underestimated founding father and produce a lasting bequest , ” she say .
“ I ’m confident that this next chapter will take us to unbelievable heights and I ’m honored to continue being part of the journey in this new capability . ”
