Over-Mentored, Under-Funded.
We hope to change that.

Underrepresented founders and funders get plenty of counsel, but not enough capital. We’re here to change that.

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Mission

Building up women.

Recast Accelerate will support 90 women-led, emerging U.S. venture capital funds over the next three years. We believe supporting managers today will help founders from underrepresented backgrounds tomorrow.

Program Overview

Helping underrepresented managers, one fund at a time.

  • Women make up 45% of the VC workforce, but only represent 15% of partners. It takes a woman two to three times as long to raise a venture fund on average, and in 2021 women-founded companies only received 2% of VC funding.
  • Recast Capital launched Accelerate to test a hypothesis: that increasing female representation in VC general partner positions will increase VC funding to women founders and those from other underrepresented backgrounds.
  • Recast will share the findings of the research program in a public report.

How does Accelerate work?

  • Accelerate will provide support to 90 women-led emerging venture funds over the next three years through education, coaching and funding.
  • We currently plan to provide ~$100,000 in credit value to 30 funds per year, allocated through our menu of subscriptions and services. These funds are meant to help redirect budgets toward salaries to transition emerging managers to full-time positions, extend their runway in market and/or other critical hires or projects that can further the fund’s differentiation in market.
  • Participants will also have complimentary access to the Enablement Program, executive coaching, and community-building programs through Recast, as well as our network.

Research shows funds with diverse partners invest in diverse teams, benefitting underrepresented founders.

When does it take place?

  • Recast Capital’s Accelerate program launches in 2022 and is currently accepting applications for the 2023 cohort. It will continue through three cohorts: 2023, 2024, and 2025, funding 30 funds in each cohort.

Future

How do i apply?

  • We’re looking for US-based emerging venture funds (I-II) led by at least one general partner who identifies as a woman or non-binary.
  • Venture funds should be focused at the early-stage, and have less than $25M in AUM at the time of applying (not including any closed capital for an open fund for which you’re raising capital currently).
  • 75% of the companies funded are headquartered in the US.
  • Participating in the research is a mandatory requirement for joining the program.

FAQ

Frequently Asked Questions

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Etiam vitae sapien in nunc fringilla pellentesque porttitor sed magna. Fusce maximus odio eget tellus facilisis, eget auctor lorem mollis. Nullam vulputate est et libero tristique blandit. Pellentesque porta facilisis nibh, accumsan interdum lorem. In purus sem, vulputate ornare pellentesque in, hendrerit ac mi. In varius sodales nibh, tempus eleifend elit gravida quis. Duis fringilla imperdiet nisl. Vestibulum ac interdum est. Proin eu neque eget mi elementum congue at et tortor. Cras viverra consequat dictum. Aenean orci nunc, vulputate sed gravida quis, pretium id magna. Donec et dictum tortor, nec bibendum lorem. In tincidunt felis orci, et posuere urna egestas in. Duis eget convallis nulla. Praesent congue purus in magna mollis, ut lobortis massa posuere. Phasellus purus augue, commodo accumsan aliquet ac, tempus et diam.

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Etiam vitae sapien in nunc fringilla pellentesque porttitor sed magna. Fusce maximus odio eget tellus facilisis, eget auctor lorem mollis. Nullam vulputate est et libero tristique blandit. Pellentesque porta facilisis nibh, accumsan interdum lorem. In purus sem, vulputate ornare pellentesque in, hendrerit ac mi. In varius sodales nibh, tempus eleifend elit gravida quis. Duis fringilla imperdiet nisl. Vestibulum ac interdum est. Proin eu neque eget mi elementum congue at et tortor. Cras viverra consequat dictum. Aenean orci nunc, vulputate sed gravida quis, pretium id magna. Donec et dictum tortor, nec bibendum lorem. In tincidunt felis orci, et posuere urna egestas in. Duis eget convallis nulla. Praesent congue purus in magna mollis, ut lobortis massa posuere. Phasellus purus augue, commodo accumsan aliquet ac, tempus et diam.

Etiam vitae sapien in nunc fringilla pellentesque porttitor sed magna. Fusce maximus odio eget tellus facilisis, eget auctor lorem mollis. Nullam vulputate est et libero tristique blandit. Pellentesque porta facilisis nibh, accumsan interdum lorem. In purus sem, vulputate ornare pellentesque in, hendrerit ac mi. In varius sodales nibh, tempus eleifend elit gravida quis. Duis fringilla imperdiet nisl. Vestibulum ac interdum est. Proin eu neque eget mi elementum congue at et tortor. Cras viverra consequat dictum. Aenean orci nunc, vulputate sed gravida quis, pretium id magna. Donec et dictum tortor, nec bibendum lorem. In tincidunt felis orci, et posuere urna egestas in. Duis eget convallis nulla. Praesent congue purus in magna mollis, ut lobortis massa posuere. Phasellus purus augue, commodo accumsan aliquet ac, tempus et diam.

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Etiam vitae sapien in nunc fringilla pellentesque porttitor sed magna. Fusce maximus odio eget tellus facilisis, eget auctor lorem mollis. Nullam vulputate est et libero tristique blandit. Pellentesque porta facilisis nibh, accumsan interdum lorem. In purus sem, vulputate ornare pellentesque in, hendrerit ac mi. In varius sodales nibh, tempus eleifend elit gravida quis. Duis fringilla imperdiet nisl. Vestibulum ac interdum est. Proin eu neque eget mi elementum congue at et tortor. Cras viverra consequat dictum. Aenean orci nunc, vulputate sed gravida quis, pretium id magna. Donec et dictum tortor, nec bibendum lorem. In tincidunt felis orci, et posuere urna egestas in. Duis eget convallis nulla. Praesent congue purus in magna mollis, ut lobortis massa posuere. Phasellus purus augue, commodo accumsan aliquet ac, tempus et diam.

Etiam vitae sapien in nunc fringilla pellentesque porttitor sed magna. Fusce maximus odio eget tellus facilisis, eget auctor lorem mollis. Nullam vulputate est et libero tristique blandit. Pellentesque porta facilisis nibh, accumsan interdum lorem. In purus sem, vulputate ornare pellentesque in, hendrerit ac mi. In varius sodales nibh, tempus eleifend elit gravida quis. Duis fringilla imperdiet nisl. Vestibulum ac interdum est. Proin eu neque eget mi elementum congue at et tortor. Cras viverra consequat dictum. Aenean orci nunc, vulputate sed gravida quis, pretium id magna. Donec et dictum tortor, nec bibendum lorem. In tincidunt felis orci, et posuere urna egestas in. Duis eget convallis nulla. Praesent congue purus in magna mollis, ut lobortis massa posuere. Phasellus purus augue, commodo accumsan aliquet ac, tempus et diam.

Future

Accelerate doesnt stop here

Accelerate is a three-year program, but we’re not stopping here. We plan to bring in other funder partners to support more female emerging managers and those from underrepresented demographics.

Our Team

Experience brought us here.
Values keep us here.

Institutionally-trained investment professionals with decades of experience supporting and investing in emerging managers in venture.

Courtney McCrea

Co-Founder & Managing Partner

Courtney McCrea

Co-Founder & Managing Partner

Courtney is Co-Founder and Managing Partner at Recast Capital. Prior to co-founding Recast, Courtney was a Managing Director of Weathergage Capital, a boutique fund of funds that provided its clients with access to premier venture capital, growth equity and micro-VC partnerships. Venture fund commitments included both brand name funds and emerging managers. In addition to fund investment responsibilities, Courtney led the direct co- investing program at Weathergage. During her 10 year tenure at Weathergage, Courtney made commitments to 100 funds and seven direct co-investments.

Prior to Weathergage, Courtney was a General Partner with Weston Presidio, a leading diversified private equity firm based in San Francisco. After 7 years at Weston Presidio, she left in 2004 and founded Silver Partners, a private equity advisory firm where she evaluated secondary and co- investment opportunities and advised consumer growth businesses. Courtney was also a Director at Sterling Stamos, where she managed investments in buyout funds, venture capital funds and hedge funds.

Courtney has an M.B.A., with honors, from the Kellogg Graduate School of Management and a B.A. in Economics from the University of Illinois, Champaign-Urbana. She is a member of the Kauffman Fellows Class 3. Courtney is a member of the Alzheimer’s Association Northern California and Nevada Board of Directors and the Chair of the Episcopal Impact Fund Investment Committee.

Courtney McCrea

Co-Founder & Managing Partner

Courtney McCrea

Co-Founder & Managing Partner

Courtney is Co-Founder and Managing Partner at Recast Capital. Prior to co-founding Recast, Courtney was a Managing Director of Weathergage Capital, a boutique fund of funds that provided its clients with access to premier venture capital, growth equity and micro-VC partnerships. Venture fund commitments included both brand name funds and emerging managers. In addition to fund investment responsibilities, Courtney led the direct co- investing program at Weathergage. During her 10 year tenure at Weathergage, Courtney made commitments to 100 funds and seven direct co-investments.

Prior to Weathergage, Courtney was a General Partner with Weston Presidio, a leading diversified private equity firm based in San Francisco. After 7 years at Weston Presidio, she left in 2004 and founded Silver Partners, a private equity advisory firm where she evaluated secondary and co- investment opportunities and advised consumer growth businesses. Courtney was also a Director at Sterling Stamos, where she managed investments in buyout funds, venture capital funds and hedge funds.

Courtney has an M.B.A., with honors, from the Kellogg Graduate School of Management and a B.A. in Economics from the University of Illinois, Champaign-Urbana. She is a member of the Kauffman Fellows Class 3. Courtney is a member of the Alzheimer’s Association Northern California and Nevada Board of Directors and the Chair of the Episcopal Impact Fund Investment Committee.

Sara Zulkosky

Co-Founder & Managing Partner

Sara Zulkosky

Co-Founder & Managing Partner

Sara is Co-Founder and Managing Partner at Recast Capital. Prior to co-founding Recast, Sara served as a Venture Partner at Greenspring Associates, a venture capital platform with over $12B in assets under management. Sara managed Greenspring’s early-stage venture fund evaluation committee, supported the firm’s Micro venture fund evaluation committee and led the firm’s impact investing initiative. She was also responsible for sourcing, due diligence efforts and/or managing a number of Greenspring’s direct and secondary investments.

A new vision for venture.

Interested in joining our next cohort?
Accepting applications through XX.

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