4 Qualities That Could Make You the Next Arlan Hamilton

Curated by WorkingFromHome

This article is an excerpt from the original article found in the Read More link – please follow for full article.

Opinions expressed by Entrepreneur contributors are their own.

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media.

If you identify as a Black woman and live in the United States, listen up: our cohort is among the fastest-growing demographics for entrepreneurs in America. According to the recent survey Black Entrepreneurs – 2021 Trends, conducted by Guidant Financial and the Small Business Trends Alliance, “…women [make] up 46% of Black entrepreneurs, this group shows one of the highest percentages of female small business owners in any segment – 53% higher than white small business owners.” Meanwhile, an article published this year in the Harvard Business Review, “Black Women Are More Likely to Start a Business than White Men,” stated that fully 17% of Black women are in the process of starting or running new businesses, compared to just 10% of white women and 15% of white men. 

Who is Arlan Hamilton?

The founder and managing partner of Backstage Capital — a venture capital firm that focuses on investing exclusively in startups led by underestimated founders — Arlan Hamilton, who identifies as a lesbian Black woman, formed her VC fund in 2015 when she was homeless and living on food stamps. With no formal education other than a high school diploma, she set out to create change that would ultimately disrupt the VC world and empower underrepresented and underestimated entrepreneurs, including founders that identify as women, people of color and LGBTQ+.

Like many Black women entrepreneurs, Hamilton received a lot of “No”s before connecting with the first angel investor that believed in her mission and vision. She now runs a $36 million-plus VC fund that has invested in more than 180 companies (and counting). And just like Hamilton, you might have been underestimated, looked over or maybe not even looked at because of two factors: gender and skin color. But, as the landscape of entrepreneurship changes in this country (part of what’s fueling The Great Resignation is that more Black women are leaning into their power), opportunities have followed, and it’s prime time for us to be a catalyst for real diversity and change via business ownership.

Related: Compounding Inequality to Compounding Success: Bridging the Racial Wealth Gap

Here are four qualities that could make you the next rising star.

1. Firebrand passion

If you don’t know Hamilton’s story, it’s remarkable. (Treat yourself to this video.) A little further study revealed that she and I had a few things in common. We are Black women raised by a single mother, and both moved around a lot. We are also entrepreneurs who have been underestimated, homeless, lived on government assistance and, ironically, attended the same high school in Richardson, Texas. (“Go Wildcats!”) Unfortunately, these shared background aspects are all too common, yet through absolute will and determination, we managed to build thriving businesses with little or no funding.

Less than 10% of all venture capital deals go to women, people of c

Source: Entrepreneur.com

More here:
4 Qualities That Could Make You the Next Arlan Hamilton

You May Also Like…

6 Tips to Consider When Searching for a Franchise for the First Time

6 Tips to Consider When Searching for a Franchise for the First Time

Opinions expressed by Entrepreneur contributors are their own. With over 3,000 different franchise concepts to choose from, the intense search to find the perfect match for your goals, income potential and lifestyle can leave you wanting to get started right away. But before you do, pull back on those reins and make sure you’re squarely in the saddle before you begin rounding up your preferred choices. 10’000 Hours | Getty Images The last thing you want to do is rush headlong into an ambush of your own doing. But if you follow this advice, you’ll have a much better chance of leaving your troubles behind and riding off into the sunset.If you’re searching for a franchise for the first time, here are six tips to consider.1. Crack a spine or twoIn this case, cracking a spine or two means you should read a good book or two about becoming an…

Why Investors Should Look at Vietnam’s Renewable Energy Industry

Why Investors Should Look at Vietnam’s Renewable Energy Industry

Opinions expressed by Entrepreneur contributors are their own. At the 2021 United Nations Climate Change Conference, members of the Vietnamese government headed by Prime Minister Pham Minh Chinh promised carbon neutrality by the year 2050. For Vietnam, a still-developing country, to realize this goal, it would have to phase out coal plants and modernize its national grid.Currently, Vietnam is expecting a recovery of 6.5% in GDP growth in 2022, according to the Asian Development Bank. Consequently, power consumption has increased more than 11% per year, significantly faster than the national GDP. This is feeding an almost insatiable demand for more power generation and investment.However, domestic fossil fuel production cannot keep up with demand, requiring Vietnam to rely on foreign markets to acquire enough resources to power its infrastructure. Therefore, Vietnam’s reliance on imported energy to run its electric system and climate change are catalysts for the government to pivot towards renewable…

Working From Home TV …

Tips to enhance your own website…

How to Create a Giveaway to Grow Your Email List by 150% – Website Tips

How to Create a Giveaway to Grow Your Email List by 150% – Website Tips

Do you want to start a giveaway and get more email subscribers? Giveaways are one of the fastest ways to grow your email list, increase traffic, and boost sales. They help you reach new audiences and boost user engagement on your website. In this article, we’ll show you how to use a giveaway to grow your email list faster. Why Use a Giveaway to Grow Your Email List? Did you know that email marketing sees a 4300% return on investment (ROI) on average for businesses in the US? People who sign up for your emails are already interested in your products and services, making them highly likely to convert into paying customers. However, the hardest part is getting more people to join your email list. This is where running a contest or giveaway on your WordPress site comes in handy. It helps you grow your email list while getting more…

How to Track Video Analytics in WordPress (Step by Step) – Website Tips

How to Track Video Analytics in WordPress (Step by Step) – Website Tips

Do you want to know which videos your visitors watch the most on your WordPress website? Videos are a great way to bring life to your website and boost engagement. By tracking video analytics, you can see how your videos are performing with metrics like total views, watch duration, and more. In this article, we’ll show you how to track video analytics in WordPress using Google Analytics. This solution works for YouTube, Vimeo, and other HTML5 video embeds. Why Track Video Engagement in WordPress? Adding videos to your content makes your articles more engaging and helps in getting people to spend more time on your site. However, if you have multiple videos on your WordPress site, then how do you which type of content is performing the best and whether people are watching your videos or not? Tracking video engagement in Google Analytics can help you uncover these insights. You…

How to Easily Create a Custom WordPress Theme (Without Any Code) – Website Tips

How to Easily Create a Custom WordPress Theme (Without Any Code) – Website Tips

Do you want to create a custom WordPress theme from scratch? In the past, you had to follow complicated WordPress tutorials and have decent coding knowledge to build a custom WordPress theme. But thanks to new WordPress theme builders, now you can easily make one without learning any programming skills. In this article, we’ll show you how to easily create a custom WordPress theme without writing any code. Here is the list of topics we’ll cover in this article. Creating a Custom WordPress Theme for BeginnersCreating a Custom Theme with SeedProd Theme BuilderEditing a Theme with SeedProd Theme BuilderChanging the Site-Wide Design for Your ThemeApplying and Publishing Your Custom WordPress ThemeCreating Other Layouts for Your Custom WordPress ThemeReady? Let’s get started. Video Tutorial Subscribe to WPBeginner If you’d prefer written instructions, just keep reading. Creating a Custom WordPress Theme for Beginners A WordPress website uses a theme for website layout…

0 Comments

Submit a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.