Fast Company

ABOUT FACE

WITH HER DIVERSITY-FOCUSED VENTURE FIRM, BACKSTAGE CAPITAL, AND A NEW $36 MILLION FUND DEDICATED EXCLUSIVELY TO BLACK FEMALE FOUNDERS, ARLAN HAMILTON IS WORKING TO CHANGE THE COMPOSITION OF ENTREPRENEURSHIP IN AMERICA.

Backstage in the greenroom of the podcast festival where she’s scheduled to appear, Arlan Hamilton is quietly singing the lyrics to Janet Jackson’s “Control.” She’d like to walk on stage as the song plays, but the festival crew has copyright concerns. So instead, she is shimmying offstage in her chair, half-humming the chorus under her breath: “I’m in control / Never gonna stop / Control / To get what I want / Control / I like to have a lot.”

Like everything Hamilton does, the song request is equal parts self-aware and unapologetic. Hamilton knows that she stands out—she is the only black, queer woman to have ever built a venture capital firm from scratch. She also knows that she has a reputation for being direct, particularly when it comes to Silicon Valley biases, and how her own story is portrayed. (Indeed, the song is a jab at Gimlet Media, the podcast festival hosts, who devoted an entire episode of their StartUp series on her to what they saw as her sometimes counterproductive need for control.) But Hamilton exudes calm, even as she attempts, through her L.A.-based firm, Backstage Capital, the near impossible task of disrupting the way that venture investors pick winners and create wealth.

“It was crazy to me that 90% of venture funding was going to white men, when that is not how innovation, intelligence, and drive is dispersed in the real world,” she tells me.

You’re reading a preview, subscribe to read more.

More from Fast Company

Fast Company2 min read
Reimagining The Ways We Work And Meet
When Chief Operating Officer Stephen Tober joined software company Giant Machines in 2018, his first order of business was to move his fast-growing team out of their shared coworking space in midtown Manhattan. The malfunctioning equipment and unstoc
Fast Company1 min readIntelligence (AI) & Semantics
09 Openai
THE COMPANY THAT dented the universe in 2022 continues to leave its mark. OpenAI's GPT-4 large language model (LLM), released in March 2023, is considered 10 times more powerful than its predecessor, discerning context and nuance better, as well as d
Fast Company1 min read
40 Day Week Global
THE NONPROFIT 4 DAY Week Global wants to create nothing less than a million new years of free time. The organization took the concept of a shortened week from fringe to main-stream last year, onboarding some 190 companies for trials of four-day weeks

Related Books & Audiobooks