Still, All Raise is a 501(c)(3), not a for-profit business.
KC: Sounds like you’re at the right place then. There’s probably way more going on under the covers right now than is actually visible.
We have key objectives, we have OKRs that we’re implementing, we’re using a lean process methodology of testing, refine, pilot, test, refine, pilot, test, refine before we roll things out. Pam Kostka: Yes, we run it like a startup, which is how it ties into my background. Kate Clark: All Raise is a nonprofit organization, but it walks and talks like a startup… Here’s more from TechCrunch’s chat with All Raise’s first-ever CEO.
The VC and startup ecosystem is bound to see a lot more unfold this year, as Kostka puts All Raise’s growth efforts into overdrive. Dream Machine founder and former TechCrunch editor-in-chief Alexia Bonatsos, for example, is donating her journalism chops to help All Raise hone its content strategy. Meanwhile, as All Raise ruminates on national and, eventually, international expansion plans, it’s looking to its members to offer their expertise where appropriate. Backstage Capital’s Lolita Taub and Zume Pizza co-founder Julia Collins are leading this effort through an All Raise intersectionality task force. Lee says part of All Raise’s maturation and expansion efforts include a heightened focus on diversity, something she admits the organization hasn’t spent enough time on. We want to make All Raise accessible like that so people can learn from us and be inspired, or they can host a workshop or a book club regardless of where they are.” TED has a big conference where they bring together a lot of people and share lots of ideas, and you can go to TED.com and watch a talk. “If we are lucky, it might have some similarities to TED. “What we are trying to do is quite different than other nonprofit models,” Lee explained. She can take All Raise to the next level,” Lee said. “She’s product-oriented, with business savvy and a history of scaling with a small team. Aileen Lee tells TechCrunch Kostka was the person they were waiting for after a lengthy, nine-month CEO search. It’s amazing,” Kostka told TechCrunch during a sweeping conversation on All Raise’s future plans, edited below for brevity and clarity.Īll Raise appears lean, but its founders, including Cowboy Venture’s Aileen Lee, Sequoia Capital’s Jess Lee and Forerunner Venture’s Kirsten Green, are passionate and committed. Kostka and Wu are working a lot of nights and weekends, too, they said, because that’s when the rest of the All Raise community, a group of busy, full-time investors, are able to draft feedback to initiatives and otherwise offer direction: “We are two people, and yet we have these amazingly connected, capable resources who amplify the organization. When I met with Kostka and Wu last week, they were operating out of a conference room inside Reach Capital’s San Francisco office. For now, they are establishing temporary offices at various partner VC firms. They are hunting for office space in San Francisco large enough to fit their growing team - All Raise plans to hire five to six people imminently - and to host events that can accommodate all their members. Kostka - the former CEO of Loop, a now-defunct social media app for college students, and of the Andreessen Horowitz-backed startup Bluebox Security - joins just one other full-time All Raise employee, director of communications Steffi Wu, who joined at the beginning of March after six years at Gusto. As part of a push to formalize the organization and garner more support in the form of cash, All Raise has hired its first chief executive officer, seasoned Silicon Valley operator Pam Kostka (pictured). Now, the 501(c)(3) is ready for its next act. In the last 12 months, the organization has connected high-profile VCs with female founders through its Female Founder Office Hours, lifted up founders who value diversity with the Founders for Change campaign and connected male general partners with nascent female investors with its VC Champions program.
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The 34 founding members had a lofty goal: Double the capital going to female founders in five years and double the representation of female VCs in 10 years.Īfter a few experiments, some trial and error and the first-of-its-kind Women Who Venture Summit, All Raise cemented its reputation as a force for change in Silicon Valley. It’s been a year since All Raise emerged with the support of dozens of venture capital’s most powerful women.
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