LGBTQ Venture Capitalists and Startup Advisors
Venture capitalists provide the funding required to launch innovative new projects where there is a substantial amount of risk of success. These projects might be new ideas, or they might be an expansion of an existing business. The hope for the venture capitalist is that the ideas or products are hugely successful and generate a substantial return on their investment in a relatively short time period.
The world of venture capital is not commonly perceived as inclusive and diverse. Much of the activity by LGBTQ venture capitalists is affinity based investment where they put money into companies whose values they support and are led by people with whom they have a sense of community and connection.
For LGBTQ entrepreneurs, being out themselves creates challenges right from the beginning. Research shows that they face greater obstacles than their straight counterparts by adversely affecting their ability to line up suppliers, customers, hire employees, and so on. Thus, it is more challenging for them to get funding for their ventures. However, being out conveys a certain honesty and integrity being applied to the venture that is appreciated by funders. It also means that location of the venture is important to success for an LGBTQ entrepreneur, and more LGBTQ ventures are founded in supportive areas such as Boston, California, New York, or Washington.
For an LGBTQ entrepreneur, having a relationship with an LGBTQ venture capitalist or startup advisor can make a big difference in the process of starting up their business. Because of the high degree of risk in the success of the venture, trust is an important ingredient to the relationship between the entrepreneur and the funder. A trusting relationship can translate into success for the venture itself. The relationship between the two parties is very close.
Having a pool of LGBTQ venture capitalists and startup advisors available to the LGBTQ community can translate into more startup activity by the LGBTQ community. In their absence, a young LGBTQ person might forego their innovative startup idea for a more secure job at a company that accepts, or even celebrates, their identity.
Startup communities offer opportunities for collaboration that lead to a greater potential for success. A strong network of venture capitalists, entrepreneurs, advisors and advocates helps. They can also help develop products and services that are tailored for the LGBTQ community itself, such as travel, app development, health and beauty products, and so on.
To advance LGBTQ participation in Venture Capital and create a catalyst for personal and professional growth, offering valuable resources, insights, and opportunities that are tailored to the unique experiences of LGBTQ+ individuals in the ecosystem, Abbie Strabala and Liam Vernon Silk co-founded the organization Queer Venture Capital in 2023. German Til Klein is a Founding Partner of Europe's first LGBTQ Venture Capital fund, Identity Invest.
Embarking on an entrepreneurial venture is easier with accommodating partners and role models who act as inspiration. Though the community is small, they play an important role.
We have identified the following notable LGBTQ venture capitalists and startup advisors. Simply click on their names to read their fascinating biographies.
Canada
- Mark S. Bonham, Bonham & Co. Inc.
- Lia Grimanis, Social Venture Partners
- Chad Molleken, Gaingels
- Reece Tomlinson, Saone Capital
France
- Vincent Viollain, My French Startup
Germany
- Til Klein, Identity Ventures
- Alice Weidel, Goldman Sachs
Great Britain
- Christian Angermayer, Apeiron Investment
- Thomas Beattie
- Tim Funnell, New Transatlantic Fund
- Wanda Goldwag, Smedvig Venture Capital
United States
- Sam Altman, OpenAI
- George Arison, SHIFT, CURB/RideCharge
- Cyan Banister, Long Journey Ventures
- David Beatty, Gaingels
- Jackson Block, LGBTQ+ VC
- David Blumberg, Blumberg Capital
- David Bohnett, Baroda Ventures
- Tom Coates
- Patrick Chung, New Enterprise Associates
- Amy Errett, Maveron
- Casey Gerald
- Paul Grossinger, Gaingels
- Arlan Hamilton, Backstage Capital
- Jonte Harrell, Ossian Capital
- Chris Hughes, General Catalyst Partners
- Mark Longstreth, Newlight Partners
- Thomas McAfee
- Lorrie Norrington, Lead Edge Capital
- Lisa Padilla, Innosphere Ventures
- Keith Rabois, Khosla Ventures
- Jim Sherman, Amber Ventures
- Liam Vernon Silk, True Partners
- Peter Steinberg, Gaingels
- Gary Stewart, Wayra Open Future UK, Telefónica
- Abbie Strabala, True Wealth Ventures
- Alicia Syrett, Pantegrion Capital LLC
- Sarah Tavel, Benchmark Capital
- Peter Thiel, Clarium Capital Management
- Lorenzo Thione, Gaingels
- Tiana Tukes, LGBTQ+ VC
- Monique Woodard, Cake Ventures, 500 Startups
- Brian Vahaly
See Also
- LGBTQ Chief Executive Officers of Business Enterprises
- LGBTQ Chief Information/Technology Officers
- Union Leaders Who Identify as LGBTQ
- LGBTQ Economists
- Noteworthy LGBTQ Individuals in the Accounting Profession
- Human Resource Professionals Who Are LGBTQ
- Marketing Professionals Who Identify as LGBTQ
- Prominent LGBTQ Philanthropists and Donors
- LGBTQ Billionaires
- Investment and Wealth Management and the LGBTQ Community
- LGBTQ Bankers
- The LGBTQ Presence in the Insurance Industry
- Transgender Business Leaders
- Chief Operating Officers of Business Enterprises Who Are LGBTQ
- Successful LGBTQ Technology Entrepreneurs
- Chamber of Commerce LGBTQ Leaders
- LGBTQ Individuals Active in the Digital World
- Transportation, Transit, and Logistics Experts Who Identify as LGBTQ
