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Backstage Capital is working to make farmland more accessible. FarmTogether is a technology-enabled investment platform that provides users with more access to farmland and today (May 4), they’ve announced a partnership with venture capital firm Backstage Capital with one goal in mind — increasing farmland investment properties to those who wish to utilize it. “As an asset class, U.S. farmland boasts a total value of $2.7 trillion,” said Backstage Capital’s Founder and Managing Partner, Arlan Hamilton in an exclusive press release shared with AfroTech. “Yet, only around 1% of the dollar value of all farms is financially backed or owned by funds, publicly traded companies, or high net-worth individuals. This has resulted in a highly fragmented and overlooked market.” The Backstage Capital investor community will soon have access to exclusive farmland investment properties which will capture both organizations’ shared values of not only accessibility but diversity and inclusivity too....
Arlan Hamilton has been shaking things up in the venture capital space and wants to help others build and do the same. As the founder and managing partner of Backstage Capital, Hamilton has been on a mission to invest in women, people of color, and LGBT founders. Much like other industries, the venture capital space gets it wrong when it comes to investing in Black founders, but Hamilton wants to use her platform to be an additive to what creators have already built. For Hamilton, it’s about what a founder has done before they’ve gotten into the room to invest in the team. “People have incredible stories and feats that they’ve overcome to get where they are,” said Hamilton on the latest episode of Black Tech Green Money. While they rarely invest financially at the idea stage, Hamilton says this is where they invest emotionally. “There’s a lot of data to look at but ultimately, that early, I’m looking at it like this, ‘Is this person going to wake up every day and breathe life into...
This online education platform is encouraging us all to be great — literally! BeGreatTV has closed a $450,000 seed investment with Stand Together Ventures Lab (STVL3, LLC) as one of the first to invest, alongside Backstage Capital founder, Arlan Hamilton, and SOSV, according to a press release. Initial investors also include actress and comedian, Tiffany Haddish, celebrity stylist, Law Roach, and music executive, Mack Maine. Led by Chief Executive Officer (CEO) Cortney Woodruff, President Cortez Bryant, and Chief of Philanthropy Avrell Stokes, BeGreatTV is on a mission to enable people to learn from talented Black and brown leaders and innovators. “It’s really about having something that is embedded with a sense of commonality and trust,” founder and CEO Cortney Woodruff told AfroTech. “If a person is able to find someone that looks like them, that they admire, respect and can learn from, they will more likely embrace the information being presented to them and develop a sense of...
Arlan Hamilton isn’t new to supporting underrepresented founders. Whether that means women, people of color or LGBTQ founders, Hamilton (founder of Backstage Capital) and her team have been there. So it comes as no surprise that they were able to bring their “It’s about damn time” fund to life. At the United State of Women Summit, Hamilton announced that Backstage Capital launched a $36 million fund that will invest in black women founders, $1 million at a time. They’re calling it a “diversity fund.” I’m calling it an IT’S ABOUT DAMN TIME fund. — Arlan ?? (@ArlanWasHere) May 6, 2018 “This has been in the works for several months,” says Hamilton in an exclusive email to AfroTech. “It had a few iterations, but in the last couple of months, I made the decision that the money would go to funding black women specifically and $1 million at a time, specifically. It was very intentional and something that … I knew would probably get pushback from some people, but I have the greatest...