Inclusivity is a key factor for us, we analyze all aspects of a business with that lens, including who is on the team, who the target customers are, and what the price points look like. tude.refreshAdsViaDivMappings([ { Serena agrees that there is a social purpose to that decision. The founding partners of Serena Ventures are Ms. Williams and Alison Rapaport Stillman. They are finding new sectors to focus on, such as the rise of online education. Its incredible working with founders to help them solve everyday problems as well as find new companies along the way. She is a student at Princeton University in the School of Public and International Affairs with Minors in Entrepreneurship and Urban Studies. Sep 10, 2022, 7:00 AM Serena Williams and Alison Rapaport Stillman. I thought Id work in banking, then work as an associate and go to business school, but my best work has happened when I have hopped off the conveyor belt and took a risk. Sep 10, 2022, 7:00 AM Serena Williams and Alison Rapaport Stillman. I am excited about companies that are focused on natural ways to get healthier, supporting the postpartum journey, and mental health services for younger women. Business partners. One meeting led to another and the next thing you know, Im working at Serena Ventures. August 10, 2022, 5:31 AM PDT. Quoting its founder, Serena, I am by no means alone in my mission to build an inclusive venture capital landscape. Venture capitalists tend to believe in founders who feel familiar and thereby move forward to fund them. Previously, Alison worked at J.P. Morgan Asset Management in Multi- Asset Solutions and led the development of the firms Alternative Beta offering. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. }); !function(n){if(!window.cnx){window.cnx={},window.cnx.cmd=[];var t=n.createElement('iframe');t.display='none',t.onload=function(){var n=t.contentWindow.document,c=n.createElement('script');c.src='//cd.connatix.com/connatix.player.js',c.setAttribute('async','1'),c.setAttribute('type','text/javascript'),n.body.appendChild(c)},n.head.appendChild(t)}}(document); August 10, 2022, 5:31 AM PDT. env: 'prod', The firm is headquartered in San Francisco Bay Area, West Coast, and the Western US. kw: 'mandc,black-venture-capitalists,newsletter-lead,serena-ventures,serena-williams,vc', He supports all aspects of existing deals through analysis, market research, competitive landscapes, financial modeling, and deal structuring. Like thats not even possible, thats near perfect., I couldnt wrap my mind around basically almost 100% of money is going to the men., And thats when Williams investing mission was formed: I wanted to really bring diversity to VC in the way that I could. Produces a new generation of meats and cheeses made entirely from plants. Women of Power TECH, PODCASTS She can get an amazing read on a person and see the big picture really quickly, whereas it takes me longer. I legit thought she misspoke because 98% is a huge number, Williams says. They are innovators who understand what goes into building companies. Investing in people who look like you eventually leads to systemic exclusion. "You want to do something that's going to make it easy for us to understand your business," Stillman said. Dan Rapaport sister is named Alison Rapaport Stillman. The champions for Black female founders are here to stay. As she learned more about the world of funding, Williams was shocked by the inequities. Alisa Gumbs is the executive managing editor of BLACK ENTERPRISE, planning and creating content across the company's print, digital, events, and broadcast platforms. Williams first started investing a little over nine years ago because of what she calls a natural draw to technology and a desire to be involved with all of the startups she was seeing pop up in the space. Delivers pre-prepped, frozen, healthy cuisine to your door. Onstage at an event, Ms. Seidman-Becker said less than 2 percent of venture money went to women. Thanks for being part of ours! She is a founding partner at Serena Ventures after joining the capital fund company in 2018. BLACK ENTERPRISE is the premier business, investing, and wealth-building resource for African Americans. INFORMATION That constant sense of regret for not having taken up golf at a younger age compelled him not to let his kids have the same mistake. Veronica has dedicated her career to supporting founders who work to democratize access to a better life, and her unique perspective is informed by 10 years of experience as a strategy consultant, founder, and investor. tag: 'mandc,black-venture-capitalists,newsletter-lead,serena-ventures,serena-williams,vc', Alison Rapaport Stillman, General Partner, Serena Ventures (Image: Courtesy of Serena Ventures) For Williams, surrounding herself with other smart women was a no-brainer. } Serena Ventures partner Alison Rapaport Stillman finds that VCs still ignore products and services made for audiences theyre not familiar with, even those representing massive markets. For fans of Williams, this year's US Open was likely a bittersweet moment. She is also disarmingly authentic. WebVisit Alison Rapaport Stillman and Stillman Stillmans Baby Registry on Babylist. Dan Rapaport girlfriend Emma Light is engaged in October 2021. Alison: Im excited about the refocus on the home. The podcaster at Barstool Sports dedicated a tweet in April 2020 to appreciate Marc for everything he had done for Dan and a special gratification for introducing him to this beautiful game. "It's hard. But a number of news outlets also noted her involvement in early-stage investing and the key role played by Serena Ventures General Partner Alison Rapaport Stillman (MBA 2018), who joined forces with Williams in 2018. My puppy Zoe. The firm, which announced an $111 million fund in March, already included a portfolio of 60 firms from Williams earliest investment activity; she wrote one of the first checks for Masterclass, and was also an early backer of With Sheri and Marc's established careers, the Full Swing star enjoyed a secure upbringing and affluent lifestyle during childhood. While both individuals may have similar last names, they are not bonded. Emma also posted a picture on her Instagram as they shared a passionate kiss after he popped her the question. The firm, which announced an $111 million fund in March, already included a portfolio of 60 firms from Williams earliest investment activity; she wrote one of the first checks for Masterclass, and was also an early backer of We invest in diverse teams because we stand by the belief that diverse leadership and diverse thoughts have the best returns, both financially and socially. We also want to see a founder who is self-aware. You can find her on Twitter. ]); They are finding new sectors to focus on, such as the rise of online education. For aspiring founders, Williams' retirement opens a window of opportunity. Alison: There are a lot of different ways to think about making everyday lives better. As a Senior Associate, Veronica sources, conducts diligence, and provides portfolio support at Serena Ventures. We really believe that we can make the most by finding companies that solve bigger consumer problems, especially for people who have been ignored by the traditional players in the game.. WebAlison J. Rapaport, CFA, is a Partner at Serena Ventures, overseeing portfolio management and sourcing new investments. Right now, the firm is excited about companies that address aging. She is so much more than just the worlds best tennis player. Management Allows traders to buy and sell bitcoin in the cryptocurrency and blockchain space. If you have a cold inbound, you can find great opportunities, she says. Dan posted a congratulations tweet in August 2022 as she represented the company in the New York Stock Exchange. Weve made some investments in the food and beverage space but are interested in the holistic wellness space as well. The FDA nears final approval on vaccines for young kids, women feel unprepared for menopause, and Zola adds a co-CEO. She has persevered to become one of the top tennis players in history with 23 Grand Slam titles. Serena Ventures, the venture capital fund backed and founded in 2017 by Serena Williams. Alison: I took my first call with Serena from a bridal store while trying on bridesmaid dresses for a friends wedding. As a subscriber, you have 10 gift articles to give each month. Ultimately, any founder who wins an investment from Serena Ventures will also have gone through a couple of rounds of interviews with Williams and Stillman. Sadly this is why I wanted to build a track record, because, quite frankly I knew that above other people I needed to have something that could speak for itself, she says. Marc works as a credit approval principal at Thorofare Capital. That includes companies that focus on issues from mobility to menopause to deathtech, Stillman said. Sculptwear is an alternative to traditional shapewear that gives a smooth and tucked-in look under clothing. The company is their baby! Then in July 2011, she landed a job at JP Morgan Assest Management firm. Not surprisingly, thats a big reason why women and entrepreneurs of color struggle to access venture funding. Emma posted their first picture online on Valentine's in 2020. Im the most non-taking-a-chance kind of a person, but I felt like a seed was where we wanted to be.. Im more on the analytical side, the portfolio-construction side. Take trading cards, something Alison has never cared aboutthat is until alternative assets boomed during the COVID-19 pandemic. My path to Serena Ventures started with another sports superstar, ten-time NBA All-Star Carmelo Anthony. She is a founding partner at Serena Ventures after joining the capital fund company in 2018. You can also reach out to them oninfo@aysasia.com, Your email address will not be published. "We know that what you're selling us at the pre-seed or seed probably isn't going to look like what the Series B investor sees at some level," she said. Subscribe to Newsletter divId: 'div-gpt-ad-rightrail-1', Economic Equity & Racial Justice Townhall Series, Elevate Black Podcast sponsored by Fifth Third Bank, 100 Founders of Change by American Express, Chasing Success Podcast by JP Morgan Chase, Black Business Month Sponsored by Nationwide, 2022 Registry Of Corporate Directors Listing, 2021 BE Registry Of Corporate Directors Listing, finding companies that solve bigger consumer problems. Still, one key factor the firm looks for in an investment opportunity is whether the company is tapping into a sizable market that it's excited about. Serena Ventures most notable exits include The Wing and OLLY. Alison Stillman's job functions are Entrepreneurship, Operations, Alison Stillman's LinkedIn profile can be found at, https://linkedin.com/in/aliso***illman-cfa***. SistersInc. WebDiscover any aliases as well as possible relatives and associates of Alison Rapaport Stillman. Abena: What advice would you give your younger self? Serena Ventures partner Alison Rapaport Stillman finds that VCs still ignore products and services made for audiences theyre not familiar with, even those representing massive markets. baseDivId: 'pb-slot-right-1', Serena Ventures, the venture capital fund backed and founded in 2017 by Serena Williams. On our Rise of the Next podcast, Honghao Deng and Jiani Zeng tell us how Butlr, which provides insights into commercial space usage, pivoted during the pandemic. div_id: 'div-gpt-ad-rightrail-2', General Partner Alison Rapaport Stillman, who majored in finance and operations at Wharton as an undergrad, has said people have finally realized that inequity exists in all aspects of life. The entire process from pitch to investment can take anywhere from a few weeks to several months, Stillman said. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. Alison Rapaport is a Partner at Serena Ventures, an early-stage venture capital fund founded by tennis superstar Serena Williams in 2014. Alison: We invest early in a market and a founder. and its affiliates (collectively 500 Startups) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. tag: 'mandc,black-venture-capitalists,newsletter-lead,serena-ventures,serena-williams,vc', Moreover, Rapaport is also a former golf writer at Sports Illustrated and a staff writer for Golf Digest. SERENA VENTURES. We want to make sure that we dont necessarily neatly check a box. Previously, Alison worked at J.P. Morgan Asset Management in Multi- Asset Solutions and led the development of the firms Alternative Beta offering. Nacho lover targeting: { I think celebrities dont always experience pushback, but I give that, which she respects, and she does it with me., Two years later, that hasnt changed. Early Stage Venture Investors Female Founded Venture Capital Investors, Western US Venture Capital Female Founded Companies, San Francisco Bay Area Female Founded Companies, San Francisco Bay Area Female Founded Micro VCs, Female Founded Early Stage Venture Investors with Investments in San Francisco, California, Finance Companies With Fewer Than 10 Employees (Top 10K), United States Investors with Funds Raised in 2022, San Francisco Bay Area Female Founded Investors. Serena Williams founded Serena Ventures in 2014. Thanks for being part of ours! One recent investment they made is Fiveable, a woman-led Milwaukie edtech startup helping students prepare for AP exams by offering free online resources. Serena Ventures Serena Williams launched Serena Ventures in 2014 and has invested in over 60 companies. Managing partner Serena Williams and general partner Alison Rapaport Stillman have backed about 20 companies with Serena Ventures' first fund. url: 'serena,williams,venture,capital,firm,raises,111,million',

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