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Another All Raise CEO steps down
January 26, 2023

Another All Raise CEO steps down

Reading Time: 2 minutes

Less than a year after assuming the role, All Raise CEO Mandela SH Dixon has stepped down from her position at the nonprofit. The entrepreneur, who previously ran Founder Gym, an online training center for underrepresented founders, said in a blog post that the decision was made after she realized ‘being in the field working directly with entrepreneurs everyday’ is her passion. Dixon said that she will be exploring new opportunities in alignment with that.

Her resignation is effective starting February 1, 2023. She will remain an advisor to the Bay Area–based nonprofit.

This is the second chief executive to leave All Raise since it was first founded in 2017. In 2021, Pam Kostka resigned as the helm of the nonprofit to rejoin the startup world as well; Kostka is now an operator in residence and limited partner at Operator Collective, according to her LinkedIn. With Dixon gone, Paige Hendrix Buckner, who joined the outfit as chief of staff nine months ago, will step in as interim CEO. In the same blog post, Buckner wrote that ‘Mandela leaves All Raise in a strong position, and I’m grateful for the opportunity to continue the hard work of diversifying the VC backed ecosystem.’

Dixon did not immediately respond to comment on the record. It is unclear if All Raise is immediately kicking off a permanent CEO search.

The nonprofit has historically defined its goals in two ways: First, it wants to increase the amount of seed funding that goes to female founders from 11% to 23% by 2030, and, second, it wants to double the percentage of female decision-makers at U.S. firms by 2028.

‘All Raise is in great hands with Paige as interim leader and we’ve got a lot of exciting things that we’re shaping and scaling,’ Lee said. ‘We have to all continue to link arms to try and continue to make improvements for our industry…We’ve made good progress that we can’t let up.’

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

Reference: https://techcrunch.com/2023/01/24/all-raise-ceo-steps-down-again/

Ref: techcrunch

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