Raise All, non-profit which focuses on increasing diversity in venture capital transactions and decision makers noted Mandela Schumacher-Hodge Dixon as the new CEO of the company. The appointment comes five months after Pam Kostka left the nonprofit to return to the startup world.
Dixon has spent over 10 years building a presence in the startup world. Prior to All Rise, Dixon ran Founders Gym, an online training center for underrepresented founders with 18 groups across six continents. A few weeks ago, Dixon announced that the current group of founding gyms would be his last graduating class. The program, which established a major partnership with Google without raising outside capital, is closing.
“I’m not going anywhere,” Dixon told gaming-updates this week. “I’m still doing what I did, trying to create a fairer ecosystem. I was a sixth grade teacher that no one in Silicon Valley knew before I came into this world. I’m all about construction and bridges. ,
The closure was a unanimous decision by the board of directors, guided by the collective goal of “starting a new chapter in our professional journey,” Dixon said. When the opportunity for All Rise arose, the store was in the process of closing.
The line between her two appearances is clear: Dixon has spent years building a global company dedicated to helping more historically forgotten entrepreneurs build businesses, especially those with access to more capital. Now she is working on this in a larger organization, although she focuses more on the venture capital sector.
All Rise, currently with over 20,000 community members, was founded in 2017 by a group of female venture capitalists. The original founding team includes investors Stacey Bishop, Theresia Gow, Diana Grayson, Kirsten Green, Nari Hoverdajian, Maha Ibrahim, Rebecca Kaden, Eileen Lee, Jess Lee, Jenny Lefcourt, Ann Miura-Ko, Sarah Nam, Stephanie Palmeri, Heidi Patel. Megan Quinn, Renata Quintini, Alyssa Schreiber, Christina Shane and Sara Tavel.
Since its launch, the nonprofit has raised $11 million in funding and opened regional chapters in the Bay Area, New York, Boston, Los Angeles, and Chicago, with plans to open centers in the District of Columbia and Miami soon.
While All Rise is a non-profit organization created specifically to increase tech presence, Dixon aims to add a new level of engagement to the organization’s mission. She says Dixon was one of the first black women in Silicon Valley to raise venture capital and work for a venture capital firm. The entrepreneur also had two children during the pandemic, which she says added another “detail” to how she grew into a leader.
Dixon says, “I also go through this experience of being a couple, with an exclusion bias, unconsciously or consciously, being one.” “I understand because I was too conscious to understand it. With regard to All Rise, you can fully expect this to continue under my leadership as we make sure that what we support is a truly more inclusive space for the realm of identity. ,
Dixon can certainly make a difference: All Rise has long defined its goals: to increase seed funding for female founders from 11% to 23% by 2030, and women should make decisions in American companies. in women in general. But as the data shows, black and Hispanic women receive disproportionately less venture capital than white women; Non-binary founders can also face big barriers to accessing funding. If these trips are not tracked individually, they can be reset.
The company doesn’t yet have clear goals in its current mission statement of how much impact it wants to have on minorities, a blind spot that Dixon has covered. The new chief executive did not share details on what the new lines of business could be, but said ensuring diversity on the All Rise leadership team is a priority. She’s only been on the job for a week, so she’s still figuring out which roles to take on.
“We will be very careful to ensure that our core base, starting with our own headquarters, is diverse, inclusive and fair,” Dixon said. “I think it’s paramount to create a more inclusive community, a safer place for historically underrepresented women, non-binary leaders, and a wider range of women and non-binary leaders.” She plans to announce Diversity Metrics in the All Rise community in the second quarter of 2022.
In addition to expanding the definition of representation and creating more goals, Dixon’s other priority is developing nonprofit offering programs ranging from virtual boot camp to one that brings entrepreneurs together for open board seats. This would be directly related to what Dixon was building in Founder Jim. They hold themselves accountable, he says, for “strong success rates that we define,” with a clear roadmap for the products they create.
In their opinion, the next head of the non-profit organization in a timely manner takes a more representative place.
“For me, time is of the essence, we have to move forward, but we have to be careful because we are leaders in this space,” she said. “We want to be seen as a thought leader and continue to earn the right to be seen as a thought leader.”
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