An Financial Automobile With a Societal Mandate, Screendoor Backs Rising Managers from Underrepresented Teams
My hope for Screendoor is obvious, if not easy: we’re going to be the most important, and most impactful, investor in rising managers. Our technique for undertaking that is to concentrate on new companies led primarily by underrepresented VCs, again them meaningfully, and help them by way of a group of friends, advisors, and institutional LPs.
When 10 of us based Screendoor in 2021 this was the plan. Virtually two years later we’ve backed 11 managers with over $40 million of commitments, reviewed functions from 500+ funds, and, most lately employed our first Managing Director to assist lead Screendoor into its future. Lisa Cawley joins us from the LP aspect of the desk, already having expertise evaluating and investing in rising managers in addition to a broad set of enterprise fashions. In her personal phrases:
Screendoor’s position as an LP of GPs is the wanted connection between underrepresented rising managers and the institutional funding group, with our GP advisors who’ve ‘been there, completed that’ recognizing what it takes to construct a agency within the absence of a protracted observe document. I’ve by no means had extra conviction that investing in first-time funds led by underrepresented rising managers isn’t only a societal affect initiative. In at the moment’s huge enterprise capital panorama, it’s ALPHA!
It’s not sufficient to vary crew compositions with a number of new hires or add supplemental swimming pools of capital (all of that are nonetheless vital and vital efforts to proceed). We’d like focused motion that accelerates the affect of those collective endeavors. I’m elated to now totally focus my effort and time to guide Screendoor to seize this unbelievable financial alternative for our phenomenal LPs and the communities they serve, act as a supply of catalytic capital and counsel to the subsequent technology of main fund managers throughout all backgrounds, and alter the face(s) of enterprise capital!
We’re proud and thrilled that Lisa noticed Screendoor as a platform on the intersection of unbelievable monetary alternative and trade evolution. The concept these two targets are doubtlessly incompatible is a relic of the previous. We intend, with a coalition of the likeminded, to be the long run. Onward!
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