Backstage Capital’s Arlan Hamilton is focused on getting venture dollars in the hands of underrepresented entrepreneurs. : This article originally ran in Term Sheet, Fortune’s newsletter about deals and dealmakers. Sign up here. Four years ago, Arlan Hamilton was living out of a hotel room that she shared with her mom. At that point, she had given up a career as a live music production coordinator to become a venture capitalist. There were a few problems though: She didn’t have a formal finance background and virtually no connections in Silicon Valley. Her goal?