Another All Raise CEO resigns • TechCrunch

Another All Raise CEO resigns • TechCrunch

Less than a year after taking office, the CEO of All Raise Mandela S.H. Dixon has resigned from his position with the nonprofit organization. The entrepreneur, who previously ran Founder Gym, an online training center for underrepresented founders, said in a blog post that she made the decision after realizing that “being in the field working directly with entrepreneurs every day” is her passion. Dixon said that she will explore new opportunities in keeping with that.

Her resignation is effective February 1, 2023. She will remain an adviser to the Bay Area-based nonprofit.

This is the second CEO that All Raise has left since it was first founded in 2017. In 2021, Pam Kostka stepped down as head of the nonprofit organization to rejoin the startup world as well; Kostka is now a resident operator and limited partner in the Operator Collective, according to her LinkedIn. With Dixon’s departure, Paige Hendrix Buckner, who joined the team as chief of staff nine months ago, will take over as interim CEO. In the same blog post, Buckner wrote that “Mandela leaves All Raise in a strong position, and I am grateful for the opportunity to continue the hard work of diversifying the VC-backed ecosystem.”

Dixon did not immediately respond for comment on the record. It’s unclear if All Raise is immediately starting a permanent CEO search.

Historically, the nonprofit has defined its goals in two ways: first, it wants to increase the amount of seed funding that goes to women founders from 11% to 23% by 2030, and second, it wants to double the percentage of female decision. manufacturers into US companies by 2028.

In previous interviews, Dixon said the company will work on creating explicit goals about the impact it wants to have for people historically ignored. The data underscores the challenge ahead. Black and Latina women receive disproportionately less venture capital money than white women; Non-binary founders may also face greater obstacles when seeking funding, as All Raise board member Aileen Lee noted in the blog post. The nonprofit has created specific programs for black and Latino founders, but has yet to reveal a specific goal for the cohort. These disconnections can be lost if they are not tracked. The last All Raise Impact report was published in 2020 and they are working to bring that analysis back. Leeward he tells TechCrunch in an interview.

“All Raise is in good hands with Paige as the interim lead and we have a lot of exciting things that we are shaping and scaling,” Lee said. “We all have to continue to link arms to try and continue to make improvements for our industry… We’ve made good progress that we can’t stop.”

Since its launch, the nonprofit organization has raised $11 million in funding and has opened regional chapters in New York, Boston, Los Angeles, Chicago, Washington, DC, and soon Miami.

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