Since 2014, Serena Ventures has championed founders whose perspectives and innovations level the playing field for women and people of color. "You want to do something that's going to make it easy for us to understand your business," Stillman said. Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has partnered in, Announced Date: Date when the Investment is announced, Organization Name: Name of the organization that received the investment, Investor Name: Name of the investor who participated in the Investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Money Raised: Amount of money raised in Funding Round, Total number of current Jobs the person has, Organization Name: This is the name of the organization, Title At Company: Title of a Person's Job, Start Date: Start date of the Person's Job, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of events the individual appeared in, Wharton School of the University of Pennsylvania, Finance and Operations & Information Management. She eventually widened the criteria and today Serena Ventures will fund anyone with a good idea. 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. By highlighting this behaviour and offering support, we are drawing awareness to the systemic issues at hand and showing people in the industry how it can be done. Alison Stillman has been with Serena Ventures for a few months and is in Owner What is Alison Stillman's role in Serena Ventures? 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. That includes companies that focus on issues from mobility to menopause to deathtech, Stillman said. She has been actively investing in a portfolio worth at least $10 million in more than 50 startups through Serena Ventures over the past 6 years. Marc attend Dan's game for the first time as an audience in August 2020 at Quaker Ridge Golf Club, Scarsdale, New York ( Source : instagram ). When it comes to our team, thats what everyone is on board for and theyre really excited to help founders have an opportunity that they probably wouldnt have had before., The firms approach is to build a more inclusive future by investing in overlooked, underestimated, and fledgling markets.. The team also scores each prospective investment that makes it past the introductory rounds. The food we eat, the space we live in, and the tools we use at home are all getting a second look. The golf guy at Barstool Sports currently lives a serene life with his fiance Emma in the radiant metropolis of Brooklyn, New York. For example, the general contact email on the Serena Ventures website gets between 10 to 40 emails a daymany of these are autograph requests, but they also include pitches from entrepreneurs, which their team does actually consider. They are finding new sectors to focus on, such as the rise of online education. Alison Rapaport Stillman, General Partner, Serena Ventures (Image: Courtesy of Serena Ventures) For Williams, surrounding herself with other smart women was a no-brainer. The best way to submit a pitch to Serena Ventures is through the contact form on the firm's website. Thats my job, to make the unfamiliar familiar she said. Ultimately, Stillman believes that a Serena Ventures company is defined by three qualities. tag: 'mandc,black-venture-capitalists,newsletter-lead,serena-ventures,serena-williams,vc', page_type: 'article', Dog mom . kw: 'mandc,black-venture-capitalists,newsletter-lead,serena-ventures,serena-williams,vc', It is not us versus them. The stats about the fund received by black women entrepreneurs in the recent years highlights the problem. Were working on a mission that is bigger than any one of us and that makes me feel excited to do my job. Even with her success and her privilege, she knows shes held to a different standard as a Black woman. Investors claiming they cant find opportunities to invest in women and founders of color probably arent trying hard enough, said Alison. She has persevered to become one of the top tennis players in history with 23 Grand Slam titles. Her partner Alison Rapaport Stillman backs Serena while stating that VCs ignore products and services made for audiences theyre unfamiliar with, even those representing massive markets with loyal customers. Suddenly, she found herself learning about trading cards, trying to understand the market and find opportunities. I dont jump off buildings. The natural beauty of the world around the island struck them. Now, with funding from limited partners including Norwest, CapitalG, Kapor Foundation, and LionTree, among others, Serena Ventures will be able to take its investments to the next level. Alison J. Rapaport, CFA, is a Partner at Serena Ventures, overseeing portfolio management and sourcing new investments. Alison graduated from Harvard Business School in March 2018 ( Source : instagram ). The former world no one tennis player and winner of 23 grand slam singles titles, Serena Williams, has her name written in golden words in the history of world tennis. Register for your account and get started with our industry leading people contacts search engine. 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 Noom and Impossible Foods, among others. Black Men XCEL Serena is such a smart and driven person. I dont gamble. While both individuals may have similar last names, they are not bonded. Serena Ventures also works with accelerators (including 500 Startups) and diversity-focused funds to source leads and looks at opportunities that originate outside significant startup hubs. It can be as simple as making products more affordable or accessible. She is a founding partner at Serena Ventures after joining the capital fund company in 2018. Each day is a learning experience, Im learning all the things that I would have had I taken venture classes at school. "It's hard. WebAlison Rapaport Stillman is a Founding General Partner at Serena Ventures, overseeing portfolio management and sourcing new investments. It also helps that a byproduct of working with diverse entrepreneurs is that it leads to a more diverse deal flow. A sample of the funds investments includes the following: Offers body products and shaving supplies at a fair price, without the pink tax. The FDA nears final approval on vaccines for young kids, women feel unprepared for menopause, and Zola adds a co-CEO. Lets just be honest, you know I couldnt just say Oh Im going to do this and have fun with it. Serena Ventures was about to announce a historic $111 million raise that would change the world. div_id: 'div-gpt-ad-rightrail-1', 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. When he posted an Ask Me Anything during Q&A sessions, one user commented whether he is related to Ian or Michael, to which he replied, "Negative." pos: 'right_rail_2', Looking at the VC industry more broadly, Alison doesnt see a diverse pipeline problem, but a networking issue. Thanks for being part of ours! There are so many things that keep me in venture. It is important to us that the founder has a personal connection to the problem and is uniquely positioned to solve it. WebVisit Alison Rapaport Stillman and Stillman Stillmans Baby Registry on Babylist. I go up to her afterward and asked, Tell me about this 2 percent I know maybe you misspoke, Ms. Williams recounted. The couple had been to many beautiful locations throughout the globe, the nuances of which Emma has captured in photographs. More generally, Serena Ventures also works with accelerators (including 500 Startups) and diversity-focused funds to source leads, and looks at opportunities that originate outside major startup hubs. Serena Ventures is led by world-class athlete, businesswoman, and philanthropist Serena Williams, and Alison Rapaport Stillman, who has previously worked at J.P. Morgan, Wasserman, and Melo7Tech Partners. pos: 'right_rail_1', You can also reach out to them oninfo@aysasia.com, Your email address will not be published. We dont fit the mold of venture.. Thanks for being part of ours! When one thinks of the name Serena Williams, the majority of thoughts flow in the direction of her impeccable tennis career. According to her Linkedin profile, Alison is a financial expert and analyst whose job is to provide vast arrays of specualtions and predictions of the money market and help the company accordingly. Venture is one of the most inequitable places to work. Learn more about the 20+ companies we've invested in and what's next. When she is not working on the Business Development team at Ada Support, she is avidly baking and elevating Black culinary creatives on Instagram , listening to a podcast, or digging into a good book. For aspiring founders, Williams' retirement opens a window of opportunity. When Serena Williams announced her retirement earlier this month, there was plenty of talk of the tennis superstars 23 Grand Slam titles. Wharton School, with a Bachelor of Science in Economics with concentrations in Finance and Operations & Information Management and a minor in Psychology. Serena Ventures has a market cap of $14 billion and 29 active investments. window.tude = window.tude || { cmd: [] }; Dan and Marc enjoying golf during dusk in Cabot Cliffs, July 2019 ( Source : instagram ). tude.refreshAdsViaDivMappings([ { WebThe General partner is Alison Rapport Stillman. Emma posted their first picture online on Valentine's in 2020. tag: 'mandc,black-venture-capitalists,newsletter-lead,serena-ventures,serena-williams,vc', In hindsight, I did not need to worry about the other people who barely thought of me. All views and opinions presented herein by such third party participants do not represent those of 500 Startups or any of its affiliates or representatives. cat: 'entrepreneurship', 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. Alison Stillman's job functions are Entrepreneurship, Operations, Alison Stillman's LinkedIn profile can be found at, https://linkedin.com/in/aliso***illman-cfa***. url: 'serena,williams,venture,capital,firm,raises,111,million', WebVisit Alison Rapaport Stillman and Stillman Stillmans Baby Registry on Babylist. "It's a helpful tool for us. While writing for her CNN Business Perspective column, she mentions the challenges black women entrepreneurs face while raising funds for their startups in the white and male predominant venture capital industry. Dan does not have a brother and Alison is his only sibling. According to Zola, Dan and his future wife Emma have set their wedding date for June 10, 2023, in the scenic landscape of Chicago. Since 1970, BLACK ENTERPRISE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. Serena Ventures is led by world-class athlete, businesswoman, and philanthropist Serena Williams, and Alison Rapaport Stillman, who has previously worked at J.P. Morgan, Wasserman, and Melo7Tech Partners. Managing partner Serena Williams and general partner Alison Rapaport Stillman have backed about 20 companies with Serena Ventures' first fund. } Alison: Im excited about the refocus on the home. Alison Stillman has been with Serena Ventures for a few months and is in Owner What is Alison Stillman's role in Serena Ventures? tude.refreshAdsViaDivMappings([ { WebAllison Stillman is the director of Aroma Blue, bringing aromatherapy to people in recovery. Williams understands firsthand the plight of founders of color. BLACK ENTERPRISE is the premier business, investing, and wealth-building resource for African Americans. Dan often goes golfing with Marc where as Sheri stays as home waiting for them ( Source : instagram ). kw: 'mandc,black-venture-capitalists,newsletter-lead,serena-ventures,serena-williams,vc', Sign up for notifications from Insider! Stillman said it's especially important for founders to be self-aware enough to know when they need to hire employees. The founding partners of Serena Ventures are Ms. Williams and Alison Rapaport Stillman. Thats just the way of the land. Marc started his job in 1983 as a banker at Drexel Burnham Lambert. Dan Rapaport is not related to Ian Rapaport. We had the pleasure of hearing from Alison on advice she would give to her younger self, her path to VC, and how she has stayed motivated during this time. However, just like in tennis, Serena does not believe in following the herd mentality while taking on investments. Nacho lover "I am one proud little brother!!" Alison: We invest early in a market and a founder. } My fianc and I have had her for about two months. . Serena Ventures is led by world-class athlete, businesswoman, and philanthropist Serena Williams, and Alison Rapaport Stillman, who has previously worked at J.P. Morgan, Wasserman, and Melo7Tech Partners.
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