Also, invest in a few good people and dont try to please everyone. } Serena Williams founded Serena Ventures in 2014. 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. 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. Learn more about the 20+ companies we've invested in and what's next. 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. pos: 'right_rail_3', That makes pitching less intimidating, because it can be difficult to find an introduction on Sand Hill Road, especially if youre not in Silicon Valley. Web2,862 Followers, 1,028 Following, 315 Posts - See Instagram photos and videos from Ali Jo Rapaport Stillman (@ali_jo_rap_stillman) Thanks for being part of ours! Besides, Marc stars in the new Netflix docu-series about the PGA golf tour, "Full Swing," which premiered on February 15, 2023. Thats my job, to make the unfamiliar familiar she said. WebAlison J. Rapaport, CFA, is a Partner at Serena Ventures, overseeing portfolio management and sourcing new investments. baseDivId: 'pb-slot-right-1', Serena Ventures partner Alison Rapaport Stillman thinks VCs need to get out of their comfort zones. Business partners. WebAlison Rapaport Stillman is a Founding General Partner at Serena Ventures, overseeing portfolio management and sourcing new investments. Serena is such a smart and driven person. Its incredible working with founders to help them solve everyday problems as well as find new companies along the way. Privacy Policy Either Stillman, Williams, or another member of the firm's six-person team will schedule an introductory call with the founder. In March, Serena Ventures announced it had raised an inaugural fund of $111 million from outside investors including Alphabet, Norwest, LionTree, and Kapor Center. The founding partners of Serena Ventures are Ms. Williams and Alison Rapaport Stillman. Take trading cards, something Alison has never cared aboutthat is until alternative assets boomed during the COVID-19 pandemic. Dana: What trends are you excited to see in the world of consumer? I was talking about investments. Ms. Williamss husband is the Reddit co-founder Alexis Ohanian. We want to make sure that we dont necessarily neatly check a box. She is a founding partner at Serena Ventures after joining the capital fund company in 2018. targeting: { Since 1970, BLACK ENTERPRISE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. NFL insider Ian has a brother named Jake Rapaport. Behavioral Aspects in Decision Making (Part 2), Emerging trends in Life Insurance and how to choose the right plan. B.E. 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. 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 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. BLACK ENTERPRISE is the premier business, investing, and wealth-building resource for African Americans. The General partner is Alison Rapport Stillman. Alison Rapaport is a Partner at Serena Ventures, an early-stage venture capital fund founded by tennis superstar Serena Williams in 2014. Weve made some investments in the food and beverage space but are interested in the holistic wellness space as well. WebThe General partner is Alison Rapport Stillman. Black Men XCEL Serena Williams raises $111 million for new venture fund. 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. Previously, Alison worked at J.P. Morgan Asset Management in Multi- Asset Solutions and led the development of the firms Alternative Beta offering. WebAlison Rapaport Stillman is a Founding General Partner at Serena Ventures, overseeing portfolio management and sourcing new investments. She works alongside the tennis superstar Serena Williams in overseeing the business and sourcing new investments. Dog mom . Marc started his job in 1983 as a banker at Drexel Burnham Lambert. The food we eat, the space we live in, and the tools we use at home are all getting a second look. Its time we all play on the same court. divId: 'div-gpt-ad-rightrail-2', Web2,862 Followers, 1,028 Following, 315 Posts - See Instagram photos and videos from Ali Jo Rapaport Stillman (@ali_jo_rap_stillman) I hurriedly picked a dress, which luckily fit, and jumped on the call. Moreover, in May 2021, the two soulmates looked chic as they attended their friend's wedding in Wailea-Makena. Dan Rapaport sister is named Alison Rapaport Stillman. Registry of Corporate Directors. However, we need to acknowledge there is a problem and strive to fix it. Previously, Alison worked at J.P. Morgan Asset Management in Multi- Asset Solutions and led the development of the firms Alternative Beta offering. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. "The founder can't be doing everything," Stillman said. Dan Rapaport sister is named Alison Rapaport Stillman. Not surprisingly, thats a big reason why women and entrepreneurs of color struggle to access venture funding. Alison married Alec Stillman in October 2020, and they welcomed a daughter named Lucy in February 2023. tag: 'mandc,black-venture-capitalists,newsletter-lead,serena-ventures,serena-williams,vc', 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. The stats about the fund received by black women entrepreneurs in the recent years highlights the problem. Stillman said it scored companies in due diligence across a number of metrics. We cant resort to a theater allyship, you have to do the work write the checks and make the hires. And the only way to change those numbers was to be the person writing the big checks.. Dan and Marc enjoying golf during dusk in Cabot Cliffs, July 2019 ( Source : instagram ). August 10, 2022, 5:31 AM PDT. env: 'prod', ]); According to the National Venture Capital Association data, only 4% of the people who work in venture capital are Black. Marc co-founded Jefferies and Co., where he toiled as director and executive vice chairperson from 1990 to 1995. Alison graduated magna cum laude from the University of 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. 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. I want to highlight that we do not invest in women and people of color to simply check a box, Rapaport Stillman told the online publication All Raise. At the start of February 2022, Emma and Dan travelled to Hualalai, Kona, in Hawaii. WebAlison Rapaport Stillman, Serena Ventures. Sculptwear is an alternative to traditional shapewear that gives a smooth and tucked-in look under clothing. WebAllison Stillman is the director of Aroma Blue, bringing aromatherapy to people in recovery. }); window.tude = window.tude || { cmd: [] }; Alison Rapaport Stillman is a Founding General 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. This mindset allows us to have a broad and holistic approach to invest in FinTech, Wellness, and everything in between. We made our founders feel like we are partners who can help them grow, she said. }).render('5eec50a0f683429ca3814da74bd486aa'); Serena Williams in Hollywood in November. INFORMATION The pair hiked along rugged coastlines, through thick forests admiring all the beauty they witnessed. She is the first athlete ever to hit Forbes list of the Worlds Richest Self-Made Women. Prior to joining Serena Ventures, Olivia launched her first startup, SevenSkin Beauty, a skincare company that combines science with technology and education. Moreover, Dan has a younger sister Robyn Rapaport, founder of Shop Robynro. Dan took to Instagram to post a picture of the two as they flaunt the ring from a resort rooftop in Friday Harbor, Washington. They had one problem: their brand didnt reflect who they were as a firm- or as people. This post is intended solely for general informational or educational purposes only. Founders should send a deck with their pitch even if it's just a "teaser deck." It also helps that a byproduct of working with diverse entrepreneurs is that it leads to a more diverse deal flow. Lets just be honest, you know I couldnt just say Oh Im going to do this and have fun with it. Dan Rapaport father Marc Rapaport is a real estate agent from Los Angeles. Previously, Alison worked at J.P. Morgan Asset Management in Multi- Asset Solutions and led the development of the firms Alternative Beta offering. The FDA nears final approval on vaccines for young kids, women feel unprepared for menopause, and Zola adds a co-CEO. I want to highlight that we do not invest in women and people of color to simply check a box, Rapaport Stillman told the online publication All Raise. Emma posted their first picture online on Valentine's in 2020. WebVisit Alison Rapaport Stillman and Stillman Stillmans Baby Registry on Babylist. }); !function(n){if(!window.cnx){window.cnx={},window.cnx.cmd=[];var t=n.createElement('iframe');t.display='none',t.onload=function(){var n=t.contentWindow.document,c=n.createElement('script');c.src='//cd.connatix.com/connatix.player.js',c.setAttribute('async','1'),c.setAttribute('type','text/javascript'),n.body.appendChild(c)},n.head.appendChild(t)}}(document); Investors claiming they cant find opportunities to invest in women and founders of color probably arent trying hard enough, said Alison. As a world-class athlete, businesswoman, philanthropist and mother, Serena Williams knows what it takes to win. Alison Rapaport is a Partner at Serena Ventures, an early-stage venture capital fund founded by tennis superstar Serena Williams in 2014. She is currently on a gap-year and works on the Public Policy and Business Development Team at Tesla. The views expressed herein are as at the date of this summary and are subject to change without notice. ]); The founding partners of Serena Ventures are Ms. Williams and Alison Rapaport Stillman. Alison: I took my first call with Serena from a bridal store while trying on bridesmaid dresses for a friends wedding. "I am one proud little brother!!" Dan does not have a brother and Alison is his only sibling. Subscribe to Newsletter Before starting her stint at Serena Ventures, Stillman worked as a board member at Wasserman for three months and The SpringHill Company for almost three years. With Sheri and Marc's established careers, the Full Swing star enjoyed a secure upbringing and affluent lifestyle during childhood. I was someone who lived my life to be on a conveyor belt. Dan and Michael are unrelated and has never even talked to each other. 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. Veronica is a proud Alumna of Howard University and holds an MBA from the Kellogg School of Management. Plenty of its portfolio companies come from Silicon Valley, but two of its most recent investments came from North Carolina and Wisconsin. 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. Have a great Thursday. Besides, they have a pet dog named Bud, who has also been featured in most of her uploads. tude.cmd.push(function() { The founding partners of Serena Ventures are Ms. Williams and Alison Rapaport Stillman. Thats how we met. Learn more about the 20+ companies we've invested in and what's next. My path to Serena Ventures started with another sports superstar, ten-time NBA All-Star Carmelo Anthony. The General partner is Alison Rapport Stillman. She first worked as an advisory and sales analyst before getting promoted to investment specialist for the company. he wrote. She works alongside the tennis superstar Serena Williams in overseeing the business and sourcing new investments. She works alongside the tennis superstar Serena Williams in overseeing the business and sourcing new investments. 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. WebAlison Rapaport Stillman, Serena Ventures. url: 'serena,williams,venture,capital,firm,raises,111,million', } Its been proven that the more diverse your team, the better you do, and companies are now starting to realize that, she says. There is no recent news or activity for this profile. Alison Stillman Goes By Allison Stillman Nashville, TN Age: 67 Full Name: Allison Stillman Current Home Address: 5329 Old Village Rd Nashville TN 37211 She is a CFA charterholder and earned her MBA from Harvard Business School. Alison's role is Manager: As she learned more about the world of funding, Williams was shocked by the inequities. Television. 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. Dan often goes golfing with Marc where as Sheri stays as home waiting for them ( Source : instagram ). If you have a cold inbound, you can find great opportunities, she says. 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. Alison Stillman has been with Serena Ventures for a few months and is in Owner What is Alison Stillman's role in Serena Ventures? "It's hard. Yet, because of the areas they want to serve, Alison says they still naturally fund women, Black and Latinx founders. When one thinks of the name Serena Williams, the majority of thoughts flow in the direction of her impeccable tennis career. Prior to joining Serena Ventures, Ashel spent time on the programming team at Kauffman Fellows and was a startup founder. div_id: 'div-gpt-ad-rightrail-2', page_type: 'article', SERENA VENTURES. Review address history and property records. "It's a helpful tool for us. WebThe General partner is Alison Rapport Stillman. Alison Stillman is a Managing Partner at Serena Ventures based in Sugar Land, Texas. Ultimately, any founder who wins an investment from Serena Ventures will also have gone through a couple of rounds of interviews with Williams and Stillman. He has been in the industry for four decades. Managing partner Serena Williams and general partner Alison Rapaport Stillman have backed about 20 companies with Serena Ventures' first fund. ', Just like on the court, Williams is all about performance: I really wanted to spend time in creating something for that very reason, so when questions are asked its like, not only do we have answers, but we have exits and we have unicorns. Dan Rapaport girlfriend Emma Light is engaged in October 2021. Serena Ventures was about to announce a historic $111 million raise that would change the world. Alison: Dont get bangs it is not worth it! Allows traders to buy and sell bitcoin in the cryptocurrency and blockchain space. Ian Rapaport a television analyst and pundit for National Football League (NFL) ( Source : instagram ). The team also scores each prospective investment that makes it past the introductory rounds. Williams was heavily involved in her firms decision-making process well before she announced her retirement. Serena Williamss early-stage venture capital firm, Serena Ventures, has raised an inaugural fund of $111 million that will invest in founders with diverse points of view, she told the DealBook newsletter. From an early age, Rapaport began swinging his golf club, and because of this, he has an in-depth knowledge of the ins and outs of the sport. My puppy Zoe. The same goes for actor Michael Rapaport. Serena Ventures was about to announce a historic $111 million raise that would change the world. As a subscriber, you have 10 gift articles to give each month. Algorithmic rank assigned to the top 100,000 most active Investors, The organization associated to the person's primary job, Where the person is located (e.g. I go up to her afterward and asked, Tell me about this 2 percent I know maybe you misspoke, Ms. Williams recounted. cat: 'entrepreneurship', The entire process from pitch to investment can take anywhere from a few weeks to several months, Stillman said. In October 2020, the duo enjoyed a family lunch with their parents at a cosy restaurant in LA, California. Every company that we invest in isnt meant for Alison Rapaport Stillman and I know that, she said. 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. 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. Alisa Gumbs is the executive managing editor of BLACK ENTERPRISE, planning and creating content across the company's print, digital, events, and broadcast platforms. On our Rise of the Next podcast, Honghao Deng and Jiani Zeng tell us how Butlr, which provides insights into commercial space usage, pivoted during the pandemic. Their most recent diversity investment was on December 5, 2020, when Kiira Health raised. After graduating from Harvard, Alison joined the Jefferies & Company as an banking analyst in June 2009. Another way Alison recommends sourcing diverse deal flow is by not requiring a warm intro. 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. The latest Tweets from Alison Stillman (@alison_stillman). She is a founding partner at Serena Ventures after joining the capital fund company in 2018. It can be hard for founders to delegate. That includes looking at digital learning as a supplement and a way to attack inequities in traditional education systems. You can find her on Twitter. We dont fit the mold of venture.. In early August, the 23-time Grand Slam champion wrote in an essay for Vogue that she would be retiring from tennis. Alison graduated from Harvard Business School in March 2018 ( Source : instagram ). Try not to control everything. Learn more about the 20+ companies we've invested in and what's next. Since 2014, Serena Ventures has championed founders whose perspectives and innovations level the playing field for women and people of color. This interview has been edited and condensed for clarity. The two cherished couple, beaming happy in the early morning, enjoyed an excellent breakfast as she held a Veuve Clicquot champagne bottle. SERENA VENTURES. As Analyst, Ashel assists with sourcing, diligence, and portfolio support initiatives at Serena Ventures. Ive been watching a lot of reruns of reality shows. Dan posted a congratulations tweet in August 2022 as she represented the company in the New York Stock Exchange. Alison's role is Manager: She makes you feel comfortable, as if youre not talking to the greatest athlete of all time. Wharton School, with a Bachelor of Science in Economics with concentrations in Finance and Operations & Information Management and a minor in Psychology. Just to be clear, you dont have to be a person of color or a woman to be in our fund, Williams says. tude.cmd.push(function() { They have scheduled their marriage on June 10, 2023. In her next chapter, Williams said she planned to focus on her venture-capital firm, Serena Ventures. Serena Ventures partner Alison Rapaport Stillman thinks VCs need to get out of their comfort zones. 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. Dana Iverson: What got you into venture, and what is keeping you here? Right now, the firm is excited about companies that address aging. Sign up to stay up to date on global innovation. 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. Financial services for what Stillman called the "unbanked and underbanked" and women's health companies have always ranked high on its list. You just naturally wake up and you say, like, wow, 70% of my founders are women.. kw: 'mandc,black-venture-capitalists,newsletter-lead,serena-ventures,serena-williams,vc', We also think about products that are creative, fun, and make life more enjoyable. To raise a child it takes a village. I dont gamble. Sales Partnership Solutions The two lovebirds had a great time ice skating in Snowmass Village, Colorado. "Maybe we're so enamored by the founder, but when we actually take the time to dig down into the economics, it might not be the right thing," Stillman said. Ive been on a bit of a skincare kick so I have been trying a lot of Kate Somervilles products. Im the most non-taking-a-chance kind of a person, but I felt like a seed was where we wanted to be.. }); EVENTS They had one problem: their brand didnt reflect who they were as a firm- or as people. Ive watched all of Face Off, a show where people go head-to-head with special effects and makeup. We had great chemistry on that call. 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. The tennis stars firm, Serena Ventures, will invest in founders with diverse points of view. Dan with Alison, Robyn, Marc and Sheri celebrates Marc's birthday in Hawaii, February 2022 ( Source : instagram ). 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. We also want to see a founder who is self-aware. She can get an amazing read on a person and see the big picture really quickly, whereas it takes me longer. Ms. Williamss other business activities include fashion lines, entertainment deals and a seat on the board of Poshmark. WebVisit Alison Rapaport Stillman and Stillman Stillmans Baby Registry on Babylist. I felt that it was an opportunity to combine my skill set with a mission and make a difference. 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 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. She is a founding partner at Serena Ventures after joining the capital fund company in 2018. William states, Its fun to get in there. Dan Rapaport dad Marc works in real estate and serves as the head of Thorofare Capital, a mercantile real estate pawnbroker entity. 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 ). Serena Ventures, the venture capital fund backed and founded in 2017 by Serena Williams. When Serena Williams announced her retirement earlier this month, there was plenty of talk of the tennis superstars 23 Grand Slam titles. We are focusing not just on the people, but on the market. } It receives about 200 pitches there a week, and Stillman said they read each one. The former Sports Illustrated writer denied any connection with Ian via a Reddit post in 2018. } Managing partner Serena Williams and general partner Alison Rapaport Stillman have backed about 20 companies with Serena Ventures' first fund.
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