By All Means

Clarence Bethea does not fit the typical venture capitalist’s profile of a promising founder. He grew up in a broken home, got into trouble with the law, dropped out of college. But when he started working in a group home with vulnerable adults, something clicked. Through a series of jobs and mentorships, he realized what he was meant to do: start something. “My heart and soul is built to build something big.” In 2015, he launched Upsie, a warranty app designed to make it easier and more affordable for consumers to protect their purchases. Very quickly, Bethea pitched Upsie for the Techstars business incubator program and since then, it has grown 300 percent every year, with customers in all 50 states. Bethea has raised $8.5 million for Upsie, despite odds stacked against him. “People invest in people who look like them. Venture capitalists are mostly white guys. I definitely don’t look like them.” Bethea talks about the challenges of raising money and the vast inequities that exist in the VC space. “if I