Recast Capital

As we head into March and Women’s History Month, I’m grateful to have spent time reflecting with LeeAnn Shelton on my journey since graduating from Northwestern University - Kellogg School of Management Kellogg School of Management - and sharing my optimism about where venture capital is heading. Sara Zulkosky and I founded Recast Capital with the mission to support rockstar emerging VC managers. We both saw a huge untapped opportunity to put capital in the hands of fund managers that come from atypical backgrounds relative to most in this industry. Through their unique lenses we could access startup and market opportunities not identified by others. Fast forward to the present day: we’re proud to have worked with 134 emerging managers from so many different backgrounds through the Recast Enablement and Accelerate programs. The impact is real: this diverse community of investors is raising capital, building firms, and backing the next generation of innovative startups. Still, there’s still plenty of work to do. Raising a fund remains disproportionately difficult for women, people of color, and those not brought up in wealth—a gap we’re committed to closing. Change is on the horizon. I’m constantly inspired by the network of women I have the pleasure of interacting with every single day. These leaders aren’t just asking for a seat at the table, they’re creating new tables together. Thank you LeeAnn for putting my story to paper and sharing it with the Kellogg community. It was a pleasure! Be sure to give it a read ??

??Excited to announce that we're now accepting applications for the 3rd cohort of our Accelerate Program?? The Accelerate Program supports emerging managers by providing access to key educational content, peer learning opportunities, robust firm-building resources and shared services, complimentary executive coaching, and $100k in operational support - all to accelerate each firm's growth. As part of the community, program participants gain access to network events, an invitation to our private annual summit (with GPs and LPs), preferred pricing opportunities, and more. ?? To date, we've supported 61 funds through Accelerate. Join this amazing group of managers! Who should apply? ??US-based emerging venture funds (I-II) led by at least one general partner who identifies as a woman or non-binary, and 75% of companies funded are/will be based in the US. ??Venture funds focused at the early-stage, and have less than $25M in AUM at the time of applying (not including any closed capital for an open fund for which you're raising capital currently, any SPVs or personal capital invested). You can learn more about the program on our website (https://lnkd.in/eSKctTuR), and access the application here (https://lnkd.in/eizNUJrU) and via the link below. ? Questions? We'll be holding two information sessions, the first is THIS WEDNESDAY! February 26th from 3:00pm - 4:00pm ET – Register Here:?https://lnkd.in/eicJzrj5 March 28th from 3:00pm - 4:00pm ET – Register Here:?https://lnkd.in/eZfWsyPG You can also send questions to [email protected]. A very special thanks to the Recast Capital team, responsible for bringing this amazing program to life - Courtney Russell McCrea, Ava Alemazkoor, Caroline Fernandez & Lissa Villani - and our wonderful program and community partners and sponsors - Pivotal Ventures, Strut Consulting, Gunderson Dettmer, Antares Capital LP, Sydecar, Mercury, Standish Management, LLC, Frank, Rimerman + Co. LLP, and Banc of California. #venturecapital #vc #GPs #generalpartners #emergingmanagers

??? It's my honor to announce that I've been named to @PrivateEquityInternational’s Women of Influence list under the Venture Capital category! ? The annual list spotlights the 42 women responsible for making their mark across various industries. With over 27 years of experience in venture capital, it’s truly an honor to have my background and the impactful work we’re doing at @Recast Capital recognized and highlighted among industry leaders. None of this would have been possible without the support of the Recast team: Sara Zulkosky Ava Alemazkoor Caroline Fernandez Lissa Villani! Thank you all for making this journey so meaningful ???? Cheers to all the other women recognized on the list and be sure to check out the full list of winners here: https://lnkd.in/gRPsXZiY #PEI #WomeninVC?

?More exciting news coming out today from Recast Capital ? We’re officially accepting applications for the 2nd cohort of our Accelerate Program ?? Last August, we invited 36 talented and inspiring emerging managers to join our very first cohort. Over the past few months, they’ve forged new connections and relationships with their peers, received executive coaching from top development practitioners in the industry, participated in our educational programming, received $100k (!!!) in operating support, and so much more - a full recap on the progress from cohort one to come soon! ?? ??? Now, we’re looking for a new group of women and nonbinary-led emerging funds to join our second cohort ?? Who should apply? The application criteria is below: ??US-based emerging venture funds (I-II) led by at least one general partner who identifies as a woman or non-binary, and 75% of companies funded are/will bebased in the US. ??Venture funds should be focused at the early-stage, and have less than $25M in AUM at the time of applying (not including any closed capital for an open fund for which you're raising capital currently, any SPVs or personal capital invested). ??Participating funds will be required to report on the demographics of the founders in which they invest. The data will be combined with other participants, anonymized and analyzed; findings will be published by Recast. ??Passionate about changing the face of venture capital and building relationships with like minded individuals Our Accelerate Program is designed to tackle the institutional barriers that persist in venture capital. Unfortunately today, it still takes women 2x+ longer to raise a venture fund, on average. If this is the river that high-potential, women and nonbinary-led emerging funds are swimming in, then our program is meant to help navigate the currents. Interested in applying? You can access the application here (https://lnkd.in/eFXrfPeb) and via the link below. Learn more about the program from our website at https://lnkd.in/eSKctTuR. ? Questions ? We will hold an information session on Friday, April 26, 2024 at 9am PT/12pm ET. Sign up here: https://lnkd.in/e6a6RXEv. You can also send questions to [email protected]. A very special thanks to my team, responsible for bringing this amazing program to the community: Courtney Russell McCrea, Ava Alemazkoor, Caroline Fernandez & Ethan Finkelstein. ?? Let's go! #venturecapital #privateequity #emergingmanagers #womeninvestors #diversityequityinclusion