• Think twice before pitching VC Arlan Hamilton your cannabis company

    21 days ago - By Fast Company

    The diversity-focused venture capitalist offers a blunt assessment of problems her funds are trying to address.
    When she announced a new $36 million fund for black female founders earlier this year, Backstage Capital founder Arlan Hamilton dubbed it the It's About Damn Time Fund. The venture capitalist, who appeared on Fast Company ‘s October cover , has spent the past three years investing in underrepresented founders with the thesis that the way venture capital is distributed-with the majority of it going to white men-doesn't reflect the way talent and good ideas are dispersed in the...
    Read more ...

     

  • Bessemer Venture Partners has a brand new $1.85B fund

    21 days ago - By Tech Crunch

    It was once unusual for venture capital funds to cross the billion-dollar threshold. Now, multiple billion-dollar fund announcements in the same week is nothing to gawk at.
    Bessemer Venture Partners, an investment firm founded more than 100 years ago, is the latest to complete the fundraising circuit. The firm has brought in $1.85 billion for its tenth flagship VC fund, its fourth consecutive billion-dollar fund, according to PitchBook .
    Earlier reports indicated the firm had set a $1.6 billion target for the vehicle. At the time, TechCrunch surmised that if the firm indeed raised $1.6...
    Read more ...