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Besides, Marc stars in the new Netflix docu-series about the PGA golf tour, "Full Swing," which premiered on February 15, 2023. WebThe General partner is Alison Rapport Stillman. It's not the only thing." Serena Williams, founding and managing partner at Serena Ventures and Alison Rapaport Stillman, founding and managing partner at Serena Ventures. It helps that Serena Ventures has a diverse team led by women. Masthead. Plenty of its portfolio companies come from Silicon Valley, but two of its most recent investments came from North Carolina and Wisconsin. aid: '782078', 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. } document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. You just naturally wake up and you say, like, wow, 70% of my founders are women.. Dana: The goal of Serena Ventures is to make everyday lives better. How does this manifest in the companies that you choose to invest in? 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. tude.cmd.push(function() { However, we need to acknowledge there is a problem and strive to fix it. url: 'serena,williams,venture,capital,firm,raises,111,million', he wrote. She works alongside the tennis superstar Serena Williams in overseeing the business and sourcing new investments. baseDivId: 'pb-slot-right-1', Delivers pre-prepped, frozen, healthy cuisine to your door. She is a CFA charterholder and earned her MBA from Harvard Business School. WebAlison Rapaport Stillman, Serena Ventures. Ive watched all of Face Off, a show where people go head-to-head with special effects and makeup. Weve made some investments in the food and beverage space but are interested in the holistic wellness space as well. NFL insider Ian has a brother named Jake Rapaport. 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. In addition to growing the reach and impact of the SV portfolio, Alison is the person founders turn to when they need pointed advice, detailed feedback, and tough love. BE 100s Previously, Alison worked at J.P. Morgan Asset Management in Multi- Asset Solutions and led the development of the firms Alternative Beta offering. 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. page_type: 'article', Ive always been fascinated with technology, and Ive always loved how it really shapes our lives, said Ms. Williams, who has been investing for nine years. The founding partners of Serena Ventures are Ms. Williams and Alison Rapaport Stillman. A sample of the funds investments includes the following: Offers body products and shaving supplies at a fair price, without the pink tax. Serena Ventures partner Alison Rapaport Stillman thinks VCs need to get out of their comfort zones. The move underscores 500 Globals multi-stage initiatives. Williams launched Serena Ventures in 2014. Serena Ventures Serena Williams launched Serena Ventures in 2014 and has invested in over 60 companies. } After graduating from Harvard, Alison joined the Jefferies & Company as an banking analyst in June 2009. While interviewing for jobs, she was the only person who I felt would empower me to succeed. Dan took to Instagram to post a picture of the two as they flaunt the ring from a resort rooftop in Friday Harbor, Washington. Serena believes in taking on and nurturing the firms early, which is reflected in the funds investments as three-fourths of the total investment belongs to the seed stage category. We understand that what we see in the pitch deck is not what the product will look like later, and the product will go through a hundred iterations before it is out in the wild. Thanks for being part of ours! Sculptwear is an alternative to traditional shapewear that gives a smooth and tucked-in look under clothing. One meeting led to another and the next thing you know, Im working at Serena Ventures. Serena Ventures, the venture capital fund backed and founded in 2017 by Serena Williams. Im still able to see the opportunity and help the company grow. There has been a lot of innovation outside of the home, but now with consumers spending most of their days at home we have the opportunity to think through how to make home life better. We are focusing not just on the people, but on the market. She has brought so much joy to our family and is a living reminder that there is a world beyond my screen. Furthermore, he is also one of the founding members of a top soccer league in the US, Major League Soccer (MLS). Venture is one of the most inequitable places to work. WebAlison Rapaport Stillman, Serena Ventures. Dan Rapaport is not related to Ian Rapaport. The same was kept secret until April 17, 2019, when the tennis star took to Instagram to post about it. cat: 'entrepreneurship', Marc inspired him to pursue a career in golf at the age of 4 as Dan grew up with a sister. For aspiring founders, Williams' retirement opens a window of opportunity. She can get an amazing read on a person and see the big picture really quickly, whereas it takes me longer. It's your baby. Alison Stillman is a Managing Partner at Serena Ventures based in Sugar Land, Texas. cnx({ We dont fit the mold of venture.. ABOUT env: 'prod', Alison Rapaport Stillman, General Partner, Serena Ventures (Image: Courtesy of Serena Ventures) For Williams, surrounding herself with other smart women was a no-brainer. We do VC differently through standout strategies, bold initiatives, and a global network of investors, business leaders, and influencers. This interview has been edited and condensed for clarity. kw: 'mandc,black-venture-capitalists,newsletter-lead,serena-ventures,serena-williams,vc', She is also disarmingly authentic. Veronica is a proud Alumna of Howard University and holds an MBA from the Kellogg School of Management. Sitting in a room for six months brainstorming to find a white space with a huge market opportunity is not the way to build a company. We want to make sure that we dont necessarily neatly check a box. Nothings going to replace what tennis was for her, but as shes thinking about whats nextits exciting to see her as passionate about this as you see her on the court., Matching investment wits with a tennis great, Re: Amal Enan (MBA2014); By: Julia Hanna; photographed by Abdelrahman Gabr Koree, Re: David Motley (MBA1988); Rosabeth M. Kanter (Ernest L. Arbuckle Professor of Business And also, its very authentic. They had one problem: their brand didnt reflect who they were as a firm- or as people. When I met my husband, that was our first conversation. I legit thought she misspoke because 98% is a huge number, Williams says. In a December 2020 interview with the HBS Alumni Bulletin, Stillman describes the duos skill sets as different and super complementary. Abena: What traits stand out to you in a founding team? Alison Rapaport is a Partner at Serena Ventures, an early-stage venture capital fund founded by tennis superstar Serena Williams in 2014. aid: '782078', kw: 'mandc,black-venture-capitalists,newsletter-lead,serena-ventures,serena-williams,vc', Im the most non-taking-a-chance kind of a person, but I felt like a seed was where we wanted to be.. Serena Ventures, the venture capital fund backed and founded in 2017 by Serena Williams. With my little experience in venture, I knew that I had to go in prepared and used all of my resources to get ready. Dan with Alison, Robyn, Marc and Sheri celebrates Marc's birthday in Hawaii, February 2022 ( Source : instagram ). Registry of Corporate Directors. The founder should find people with experience or a particular skill set to offer advice to prepare them for the ups and downs. Stillman said it's especially important for founders to be self-aware enough to know when they need to hire employees. Previously, Alison worked at J.P. Morgan Asset Management in Multi- Asset Solutions and led the development of the firms Alternative Beta offering. Its been proven that the more diverse your team, the better you do, and companies are now starting to realize that, she says. A week later, she asked me to come to her house and present some ideas to her. We have been trying to do this for a long time and Im excited to see the current momentum. She is the first athlete ever to hit Forbes list of the Worlds Richest Self-Made Women. Suddenly, she found herself learning about trading cards, trying to understand the market and find opportunities. targeting: { The funds limited partners include Norwest Venture Partners, Capital G (Alphabets growth fund) and LionTree. Alison: We invest early in a market and a founder. And that needs to happen across the board.. They make strategic decisions, manage finances and develop business plans. I want to highlight that we do not invest in women and people of color to simply check a box. And she says, No, its true. And I literally couldnt wrap my mind around the fact that 98 percent of all of this money were talking about billions of dollars goes to one type of individual.. As a world-class athlete, businesswoman, philanthropist and mother, Serena Williams knows what it takes to win. Dan Rapaport sister is named Alison Rapaport Stillman. Partner @Serenaventures. 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. Im a firm believer that success comes from focusing on the skills you want to develop and the people you want to work for rather than fixating on job titles. The tennis stars firm, Serena Ventures, will invest in founders with diverse points of view. Serena Ventures Serena Williams launched Serena Ventures in 2014 and has invested in over 60 companies. Alison Stillman has 1+ years experience as Partner. Behavioral Aspects in Decision Making (Part 2), Emerging trends in Life Insurance and how to choose the right plan. Alison Stillman's job functions are Entrepreneurship, Operations, Alison Stillman's LinkedIn profile can be found at, https://linkedin.com/in/aliso***illman-cfa***. Partner @Serenaventures. Sells personal care, food, and household goods products under the Brandless brand. Marc started his job in 1983 as a banker at Drexel Burnham Lambert. I dont jump off buildings. Partner @Serenaventures. 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. He has been in the industry for four decades. I dont gamble. Each day is a learning experience, Im learning all the things that I would have had I taken venture classes at school. cat: 'entrepreneurship', Like, look at what we have done.. Another important factor is making sure that a founder is coachable. The champions for Black female founders are here to stay. Alison: We are in a moment when people have finally realized that inequity exists in all aspects of life what many of us have known for a long time. Looking at the VC industry more broadly, Alison doesnt see a diverse pipeline problem, but a networking issue. 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. Serena Ventures was about to announce a historic $111 million raise that would change the world. Learn more about the 20+ companies we've invested in and what's next. Your Money, Your Life, LATEST LISTS Im more on the analytical side, the portfolio-construction side. Last week, amid the bright lights of Arthur Ashe Stadium, Serena Williams played what were likely the final matches of her tennis career. } 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. She works alongside the tennis superstar Serena Williams in overseeing the business and sourcing new investments. 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. } The latest Tweets from Alison Stillman (@alison_stillman). She comes to Serena Ventures from Equitable Advisors, where she worked as an Investment Operations Specialist. WebThe General partner is Alison Rapport Stillman. What motivates me is our mission to make lives better and ensure that others in the venture industry and ecosystem see the value in innovation for all by all. tag: 'mandc,black-venture-capitalists,newsletter-lead,serena-ventures,serena-williams,vc', One recent investment they made is Fiveable, a woman-led Milwaukie edtech startup helping students prepare for AP exams by offering free online resources. Previously, Alison worked at J.P. Morgan Asset Management in Multi- Asset Solutions and led the development of the firms Alternative Beta offering. According to the National Venture Capital Association data, only 4% of the people who work in venture capital are Black. 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. subcat: '', More than half of the firm's portfolio companies were founded by women, and more than three-fourths were founded by people from historically underrepresented backgrounds, according to the firm's website. It is dominated by men who try to solve problems and fund innovation for a nation that is rich in socioeconomic diversity yet neither funders nor founders adequately represent our nation. SERENA VENTURES. SERENA VENTURES. The investment firm led by the tennis star is already an active angel investor with a portfolio of 60 companies that includes SendWave, MasterClass and Daily Harvest. Williams understands firsthand the plight of founders of color. Europe, Menlo Park, China), Where the person is located (e.g. }); window.tude = window.tude || { cmd: [] }; Alison Rapaport is a Partner at Serena Ventures, an early-stage venture capital fund founded by tennis superstar Serena Williams in 2014. They just share a same surname but have no family ties. We think its important to look beyond where traditional venture is focusing because there are a ton of opportunities that theyre not funding products and services for, said Alison. Dan does not have a brother and Alison is his only sibling. Serena agrees that there is a social purpose to that decision. But as Serena Ventures is proving, it doesnt have to be this way. WebDiscover any aliases as well as possible relatives and associates of Alison Rapaport Stillman. Learn more about the 20+ companies we've invested in and what's next. She earned Bachelor of Science degree in Finance & Operations from the campus. This post is intended solely for general informational or educational purposes only. B.E. The food we eat, the space we live in, and the tools we use at home are all getting a second look. Emma also posted a picture on her Instagram as they shared a passionate kiss after he popped her the question. Thats how we met. Founded in 2014 by tennis legend Serena Williams, Serena Ventures is an early-stage fund that embraces diverse founders and the ideas theyre serving up. 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. Learn more about the 20+ companies we've invested in and what's next. We also think about products that are creative, fun, and make life more enjoyable. Were working on a mission that is bigger than any one of us and that makes me feel excited to do my job. Learn more about the 20+ companies we've invested in and what's next. Below, Stillman explains how the firm evaluates prospective investments and what makes the winners stand out. Alison Rapaport is a Partner at Serena Ventures, an early-stage venture capital fund founded by tennis superstar Serena Williams in 2014. div_id: 'div-gpt-ad-rightrail-1', For Williams, surrounding herself with other smart women was a no-brainer. Serena Ventures doesnt require that its founders come from historically underrepresented backgrounds, though it says about three-quarters of its portfolio company founders do. 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. It can be hard for founders to delegate. Alison Rapaport Stillman is a Founding General Partner at Serena Ventures, overseeing portfolio management and sourcing new investments. WebAllison Stillman is the director of Aroma Blue, bringing aromatherapy to people in recovery. Alison Rapaport Stillman, General Partner, Serena Ventures (Image: Courtesy of Serena Ventures) For Williams, surrounding herself with other smart women was a no-brainer. Ultimately, Stillman believes that a Serena Ventures company is defined by three qualities. targeting: { Stillman said long emails and 10-page business plans, on the other hand, were not welcome. That includes looking at digital learning as a supplement and a way to attack inequities in traditional education systems. She is a founding partner at Serena Ventures after joining the capital fund company in 2018. At the end of the day, Alison says VCs have a responsibility to change the way they do things and see new ideas and perspectives on markets. This isnt new for me, she says. Since 1970, BLACK ENTERPRISE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. Serena Ventures most notable exits include The Wing and OLLY. playerId: '783ef340-6832-4112-80cd-0e5f57b51915' Each day is a learning experience, Im learning all the things that I would have had I taken venture classes at school. But she still finds that VCs ignore products and services made for audiences theyre not familiar with, even those representing massive markets with loyal customers. To raise a child it takes a village. August 10, 2022, 5:31 AM PDT. Investors claiming they cant find opportunities to invest in women and founders of color probably arent trying hard enough, said Alison. Insider chatted with Stillman about how to land a spot in the Serena Ventures portfolio. divId: 'div-gpt-ad-rightrail-3', Have a great Thursday. The FDA nears final approval on vaccines for young kids, women feel unprepared for menopause, and Zola adds a co-CEO. Dana Iverson is a contributing writer at All Raise. Having dabbled in almost everything from marketing to accounting, her intellectual athleticism makes her excited about exploring new sectors and industries. "You want to do something that's going to make it easy for us to understand your business," Stillman said.