Changing The Face(s) of Venture Capital, Screendoor Hires Lisa Cawley, Our First Managing Director, to Scale Further
An Economic Vehicle With a Societal Mandate, Screendoor Backs Emerging Managers from Underrepresented Groups
My hope for Screendoor is clear, if not simple: we’re going to be the largest, and most impactful, investor in emerging managers. Our strategy for implementation this is to focus on new firms led primarily by underrepresented VCs, when them meaningfully, and support them via a polity of peers, advisors, and institutional LPs.
When 10 of us founded Screendoor in 2021 this was the plan. Almost two years later we’ve backed 11 managers with over $40 million of commitments, reviewed applications from 500 funds, and, most recently hired our first Managing Director to help lead Screendoor into its future. Lisa Cawley joins us from the LP side of the table, once having wits evaluating and investing in emerging managers as well as a wholesale set of venture models. In her own words:
Screendoor’s role as an LP of GPs is the needed connection between underrepresented emerging managers and the institutional investment community, with our GP advisors who have ‘been there, washed-up that’ recognizing what it takes to build a firm in the sparsity of a long track record. I’ve never had increasingly conviction that investing in first-time funds led by underrepresented emerging managers isn’t just a societal impact initiative. In today’s vast venture wanted landscape, it’s ALPHA!
It’s not unbearable to transpiration team compositions with a few new hires or add supplemental pools of wanted (all of which are still important and necessary efforts to continue). We need targeted whoopee that accelerates the impact of these joint endeavors. I’m elated to now fully focus my time and effort to lead Screendoor to capture this incredible economic opportunity for our phenomenal LPs and the communities they serve, act as a source of catalytic wanted and counsel to the next generation of leading fund managers wideness all backgrounds, and transpiration the face(s) of venture capital!
We’re proud and thrilled that Lisa saw Screendoor as a platform at the intersection of incredible financial opportunity and industry evolution. The idea that these two goals are potentially incompatible is a relic of the past. We intend, with a coalition of the likeminded, to be the future. Onward!
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