Women in business

Arlan Hamilton's diversity-minded investment fund falls through

Arlan Hamilton wears a black shirt with the word "Backstage" on it, where the "S" is a dollar sign symbol.
Arlan Hamilton at SXSW 2019. Photo: Mike Jordan/Getty Images for SXSW

Arlan Hamilton seems to be everywhere: keynote interviews at conferences like SXSW and the Vanity Fair New Establishment Summit, to the cover of Fast Company, to an engaging Twitter feed with more than 55,000 followers. She is, in short, one of venture capital’s highest-profile investors — befitting someone who created her firm while homeless and who since has dedicated herself to backing founders who aren’t straight, white men.

Yes, but: Axios has learned that Hamilton was unable to raise a new $36 million fund called Backstage Capital that she touted last summer. Instead, Backstage has transitioned entirely to an accelerator model (Backstage Studio) and cut costs (read: layoffs) in the process.

Women leaders highlight their 1 big thing for 2019

Illustration: Aïda Amer/Axios

Today is International Women's Day.

Axios asked women leaders from philanthropy, entertainment and business: "What is the 1 big thing you think will matter to women in 2019?"

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