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Credit: Liza Donnelly

Bringing Diversity to Venture Capital

An Interview with Lolita M Taub

Lolita Taub
Jul 9, 2018 · 7 min read


The Role of Principal

Mario: The business of venture capital involves investing in startups, managing the current portfolio, and balancing operational cash flow. As a Principal at Backstage, does your role involve all three aspects of the venture capital business: working with portfolio companies, sourcing new deals, and fundraising?


Diversity in Venture Capital

Mario: You mentioned in one of your Medium posts a McKinsey study that states diverse teams were more likely to bring financial returns above the industry mean. What is the state of diversity in venture capital?

The 90%+ of men investing in 90%+ men strategy is leaving money on the table.

On the bright side, the blindsightedness caused by groupthink, homogeneous investors provides an opportunity for Backstage to capitalize on the last venture capital arbitrage opportunity: investing in diversity with the support of a diverse set of venture capitalists.

Source: NVCA

Without a doubt, Backstage is changing the face of venture capital.

👩🏽‍🎤 Action: Play with the National Venture Capital Associations interactive Diversity Dashboard and take a look at generational and VC staff representation.


Portfolio Management

Mario: In less than five years, Backstage Capital has invested in over 100 companies. Additionally, Backstage has over 20 people on staff. What are the benefits of having a large team and 100 startups to keep track of?

Source: Crunchbase

Dream Big, Start Small

Mario: The usual career path in venture capital begins with an analyst or apprenticeship position, but there are few positions compared to a large applicant pool. What are some ways aspiring venture capitalists could prepare to break into venture capital?

  1. Break Into VC by Bradley Miles
  2. The Business of Venture Capital by Mahendra Ramsinghani

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About Lolita Taub

Lolita is Backstage Capital’s Principal for the Headliner Fund I, a fund focused on investing in Black female-founded startups. Her prior early-stage tech investing experience includes Portfolia and K Fund. Before joining the VC world, Lolita spent nearly a decade in B2B enterprise tech, consulting and selling solutions to Fortune 500 companies at IBM, Cisco Systems, and Silicon Valley + NYC startups.

About Mario Avila

Mario has worked as a mechanical engineer, product manager, investment intern, and entrepreneur. He’s passionate about the subject of venture capital and entrepreneurship, specifically venture capitalists/founders who are underrepresented in the startup community. He has a background in both mechanical engineering and innovation management. Find The Mariachi VC on Twitter, or on LinkedIn.

Green Room

Welcome to the Green Room blog.

Lolita Taub

Written by

Latinx operator and investor pushing for diversity in tech. 👩🏽‍💻 @catalyte_io 💰 @indievc @operatorcollect ⏮ @backstage_cap @kfundvc @cisco @ibm

Green Room

Welcome to the Green Room blog. Go behind the scenes at Backstage Capital, where we're betting big on underrepresented tech startup founders.

Lolita Taub

Written by

Latinx operator and investor pushing for diversity in tech. 👩🏽‍💻 @catalyte_io 💰 @indievc @operatorcollect ⏮ @backstage_cap @kfundvc @cisco @ibm

Green Room

Welcome to the Green Room blog. Go behind the scenes at Backstage Capital, where we're betting big on underrepresented tech startup founders.

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