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The General partner is Alison Rapport Stillman. 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. WebAlison J. Rapaport, CFA, is a Partner at Serena Ventures, overseeing portfolio management and sourcing new investments. 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. tag: 'mandc,black-venture-capitalists,newsletter-lead,serena-ventures,serena-williams,vc', Serena Ventures Serena Williams launched Serena Ventures in 2014 and has invested in over 60 companies. There is no surprise element that the primary reason why women and entrepreneurs of color struggle to access venture funding is the ignorant nature of VCs. Im still able to see the opportunity and help the company grow. So why cant a man learn about tampons? But as Serena Ventures is proving, it doesnt have to be this way. Sep 10, 2022, 7:00 AM Serena Williams and Alison Rapaport Stillman. A week later, she asked me to come to her house and present some ideas to her. Alison's role is Manager: Im the most non-taking-a-chance kind of a person, but I felt like a seed was where we wanted to be.. Your Money, Your Life, LATEST LISTS Managing partner Serena Williams and general partner Alison Rapaport Stillman have backed about 20 companies with Serena Ventures' first fund. 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 in Hollywood in November. Alison Stillman has been with Serena Ventures for a few months and is in Owner What is Alison Stillman's role in Serena Ventures? Ms. Rapaport Stillman previously worked at JPMorgan, Wasserman and Melo7 Tech. Alison: Skincare. 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. and this attitude has led to White men receiving an overwhelming majority of venture capital funds. 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. Moreover, Rapaport is also a former golf writer at Sports Illustrated and a staff writer for Golf Digest. Take trading cards, something Alison has never cared aboutthat is until alternative assets boomed during the COVID-19 pandemic. With my little experience in venture, I knew that I had to go in prepared and used all of my resources to get ready. Television. SERENA VENTURES. The founding partners of Serena Ventures are Ms. Williams and Alison Rapaport Stillman. Alison's role is Manager: Serena Ventures invests in early-stage companies, but Stillman said the firm understood that companies wouldn't always adhere to their original pitches as they grew. The same goes for actor Michael Rapaport. Alison: We invest early in a market and a founder. 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. Their most recent acquisition was on May 27, 2021, when Infinite Objects raised $6M.Serena Ventures has made 21 diversity investments. She is a CFA charterholder and earned her MBA from Harvard Business School. }); window.tude = window.tude || { cmd: [] }; Previous to Serena Ventures, Alison worked in investment banking at Goldman Sachs and JP Morgan Chase, as well as in talent management for several athletes. Dana: Fill in the blank: I wouldnt get through quarantine without. I was at a conference and Caryn Seidman-Becker, the founder of CLEAR, was on stage and she said less than 2% of all VC money goes to women. Dan Rapaport father Marc Rapaport is a real estate agent from Los Angeles. Tennis superstar Serena Williams has just announced that her venture capital firm,Serena Ventures, has raised $111 million dollars in an inaugural fund. The food we eat, the space we live in, and the tools we use at home are all getting a second look. WebAlison Rapaport Stillman, Serena Ventures. Use tab to navigate through the menu items. 500 Startups Management Company, L.L.C. Zoe is the best decision that we have made in quarantine. Previously, Alison was a Vice President at JPMorgan Chase and Read More Contact Alison Stillman's Phone Number and Email Last Update 11/24/2022 9:52 AM Email a***@serenaventures.com Engage via Email Contact Number (***) ***-**** Engage via During this time, I got along really well with Carmelos business manager, Stuart Goldfarb, who saw that I understood how to work with sports talent and also had a deep understanding of the investment world, a rare combination of two very different skills sets. In March, Serena Ventures announced it had raised an inaugural fund of $111 million from outside investors including Alphabet, Norwest, LionTree, and Kapor Center. 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. } We have been trying to do this for a long time and Im excited to see the current momentum. Management I felt that it was an opportunity to combine my skill set with a mission and make a difference. 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. Alison graduated magna cum laude from the University of You can also reach out to them oninfo@aysasia.com, Your email address will not be published. "The founder can't be doing everything," Stillman said. Alison Stillman is a Managing Partner at Serena Ventures based in Sugar Land, Texas. This isnt new for me, she says. targeting: { Web2,862 Followers, 1,028 Following, 315 Posts - See Instagram photos and videos from Ali Jo Rapaport Stillman (@ali_jo_rap_stillman) The former Sports Illustrated writer denied any connection with Ian via a Reddit post in 2018. Serena Ventures was about to announce a historic $111 million raise that would change the world. Venture is one of the most inequitable places to work. 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. Among its portfolio of more than 50 companies, 60% of founders are people of color. 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. We also want to see a founder who is self-aware. url: 'serena,williams,venture,capital,firm,raises,111,million', Review address history and property records. Serena Ventures has a market cap of $14 billion and 29 active investments. Review address history and property records. My path to Serena Ventures started with another sports superstar, ten-time NBA All-Star Carmelo Anthony. Alison married Alec Stillman in October 2020, and they welcomed a daughter named Lucy in February 2023. Ian Rapaport a television analyst and pundit for National Football League (NFL) ( Source : instagram ). page_type: 'article', To raise a child it takes a village. Each day is a learning experience, Im learning all the things that I would have had I taken venture classes at school. Alison Stillman Goes By Allison Stillman Nashville, TN Age: 67 Full Name: Allison Stillman Current Home Address: 5329 Old Village Rd Nashville TN 37211 baseDivId: 'pb-slot-right-1', We are focusing not just on the people, but on the market. In her next chapter, Williams said she planned to focus on her venture-capital firm, Serena Ventures. One recent investment they made is Fiveable, a woman-led Milwaukie ed-tech startup helping students prepare for AP exams by offering free online resources. WebVisit Alison Rapaport Stillman and Stillman Stillmans Baby Registry on Babylist. The FDA nears final approval on vaccines for young kids, women feel unprepared for menopause, and Zola adds a co-CEO. } She makes you feel comfortable, as if youre not talking to the greatest athlete of all time. Try not to control everything. Serena Ventures, the venture capital fund backed and founded in 2017 by Serena Williams. It can be as simple as making products more affordable or accessible. August 10, 2022, 5:31 AM PDT. Suddenly, she found herself learning about trading cards, trying to understand the market and find opportunities. She works alongside the tennis superstar Serena Williams in overseeing the business and sourcing new investments. The company is their baby! tag: 'mandc,black-venture-capitalists,newsletter-lead,serena-ventures,serena-williams,vc', Managing partner Serena Williams and general partner Alison Rapaport Stillman have backed about 20 companies with Serena Ventures' first fund. This interview has been edited and condensed for clarity. "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. Below, Stillman explains how the firm evaluates prospective investments and what makes the winners stand out. During my time at Harvard Business School, I had the opportunity to work with Melo7 Tech Partners, where I was exposed to the world of VC. Alison J. Rapaport, CFA, is a Partner at Serena Ventures, overseeing portfolio management and sourcing new investments. 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. The views expressed herein are as at the date of this summary and are subject to change without notice. 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. Nacho lover Serena Williams, founding and managing partner at Serena Ventures and Alison Rapaport Stillman, founding and managing partner at Serena Ventures. Abena: What advice would you give your younger self? The founding partners of Serena Ventures are Ms. Williams and Alison Rapaport Stillman. Abena Anim-Somuah: Tell us how you met Serena and what drew you to work with her? 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. 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. page_type: 'article', About Nacho lover This makes a lot of sense invest in what you know! and this attitude has led to White men receiving an overwhelming majority of venture capital funds. Have a great Thursday. Alison: I took my first call with Serena from a bridal store while trying on bridesmaid dresses for a friends wedding. The same was kept secret until April 17, 2019, when the tennis star took to Instagram to post about it. Alison Stillman is a Managing Partner at Serena Ventures based in Sugar Land, Texas. Another important factor is making sure that a founder is coachable. Previously, Alison worked at J.P. Morgan Asset Management in Multi- Asset Solutions and led the development of the firms Alternative Beta offering. WebAllison Stillman is the director of Aroma Blue, bringing aromatherapy to people in recovery. With a presence in the USA, India and the MENA region, they ensure that all of your financial decisions are made carefully and with your best interests in mind. Dana Iverson is a contributing writer at All Raise. Dan Rapaport is not related to Ian Rapaport. The founding partners of Serena Ventures are Ms. Williams and Alison Rapaport Stillman. With Sheri and Marc's established careers, the Full Swing star enjoyed a secure upbringing and affluent lifestyle during childhood. She works alongside the tennis superstar Serena Williams in overseeing the business and sourcing new investments. This post was written in collaboration withAsif Yahiya Sukri LLP. Marc and Sheri Huttner Rapaport are the proud parents of Dan Rapaport who raised him in the serene setting of Los Angeles. Plenty of its portfolio companies come from Silicon Valley, but two of its most recent investments came from North Carolina and Wisconsin. We made our founders feel like we are partners who can help them grow, she said. Behavioral Aspects in Decision Making (Part 2), Emerging trends in Life Insurance and how to choose the right plan. The scorecard helps the firm remain objective in its evaluation process. The entire process from pitch to investment can take anywhere from a few weeks to several months, Stillman said. According to the National Venture Capital Association data, only 4% of the people who work in venture capital are Black. You can find her on Twitter. 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. The latest Tweets from Alison Stillman (@alison_stillman). One meeting led to another and the next thing you know, Im working at Serena Ventures. Thats my job, to make the unfamiliar familiar she said. As a subscriber, you have 10 gift articles to give each month. Serena Williams raises $111 million for new venture fund. This mindset allows us to have a broad and holistic approach to invest in FinTech, Wellness, and everything in between. SERENA VENTURES. Thus, Marc bought Dan a golf set on his fourth birthday. You just naturally wake up and you say, like, wow, 70% of my founders are women.. To be successful, though, you have to let go of the reins.". This post includes the views and opinions of independent third parties that are not related to or controlled by 500 Startups. She has persevered to become one of the top tennis players in history with 23 Grand Slam titles. Alison Stillman is a Managing Partner at Serena Ventures based in Sugar Land, Texas. 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. SistersInc. Amongst the portfolio of more than 50 companies, 60% of the founders are women or people of color. Williams was heavily involved in her firms decision-making process well before she announced her retirement. To raise a child it takes a village. divId: 'div-gpt-ad-rightrail-3', Serena Ventures. Dana Iverson: What got you into venture, and what is keeping you here? kw: 'mandc,black-venture-capitalists,newsletter-lead,serena-ventures,serena-williams,vc', subcat: '', My fianc and I have had her for about two months. Dan does not have a brother and Alison is his only sibling. Alisa Gumbs is the executive managing editor of BLACK ENTERPRISE, planning and creating content across the company's print, digital, events, and broadcast platforms. subcat: '', }); window.tude = window.tude || { cmd: [] }; The firm is headquartered in San Francisco Bay Area, West Coast, and the Western US. They are finding new sectors to focus on, such as the rise of online education. WebThe General partner is Alison Rapport Stillman. Serena Ventures was about to announce a historic $111 million raise that would change the world. We also think about products that are creative, fun, and make life more enjoyable. 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. Learn more about the 20+ companies we've invested in and what's next. Dan Rapaport sister is named Alison Rapaport Stillman. Thats how we met. I spent my teenage and college years trying to be liked and now I talk to three people from my high school. Europe, Menlo Park, China), Where the person is located (e.g. Stay up to date with what you want to know. In a December 2020 interview with the HBS Alumni Bulletin, Stillman describes the duos skill sets as different and super complementary. Managing partner Serena Williams and general partner Alison Rapaport Stillman have backed about 20 companies with Serena Ventures' first fund. 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. When one thinks of the name Serena Williams, the majority of thoughts flow in the direction of her impeccable tennis career. Have a great Thursday. Entrepreneurs Summit Her firm, Serena Ventures, is an active angel investor with a portfolio of 60 companies. 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. Their most recent diversity investment was on December 5, 2020, when Kiira Health raised. She is a founding partner at Serena Ventures after joining the capital fund company in 2018. Her Instagram feed is overflowing with many images capturing the cherished moments of their romantic love life. That was about four years ago, when Williams hired Alison Rapaport Stillman as general partner and they began building a teamwhich just happens to be all women. 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. 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. cat: 'entrepreneurship', Sep 10, 2022, 7:00 AM Serena Williams and Alison Rapaport Stillman. Still, 76% of Serena Ventures portfolio founders come from historically underrepresented backgrounds.