Startups Weekly: A much-needed unicorn IPO update

In this week’s newsletter: Details on Pinterest, Lyft, Uber and Zoom’s upcoming IPOs, plus Glossier and Rent The Runway’s big rounds.

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Backstage Capital’s $36 million fund is taking longer to raise than expected

The tech industry is volatile and Backstage Capital founder and Managing Partner Arlan Hamilton is experiencing that firsthand. Last May, Hamilton announced the launch of a $36 million fund to invest in as many women of color as possible. But the $36 million fund, which would mark Backstage’s second fund, has yet to close, as […]

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Backstage Capital to launch accelerator in Detroit

On the heels of Backstage Capital’s announcement to launch an accelerator for startups led by underrepresented founders, the venture capital firm has selected its fourth location. Backstage Capital decided on three of the cities ahead of time and held a public vote to determine the fourth. Well, the results are in and Backstage Capital has […]

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VCs say Silicon Valley isn’t the gold mine it used to be

In the days leading up to TechCrunch Disrupt SF 2018, The Economist published the cover story, ‘Why Startups Are Leaving Silicon Valley.’ The author outlined reasons why the Valley has “peaked.” Venture capital investors are deploying capital outside the Bay Area more than ever before. High-profile entrepreneurs and investors, Peter Thiel, for example, have left. Rising […]

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Backstage Capital launches $36m fund to boost black female founders

Conceiving a product and turning it into a successful high-growth startup is challenging work, but it can be absolutely punishing for underrepresented founders. While a strong product and a great go-to-market is critical for early success, that’s not enough to ensure a successful venture capital fundraise. Instead, what often matters is building relationships with investors, […]

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