Among a handful of powerful black women in Silicon Valley, Stacy Brown-Philpot is exiting as CEO of TaskRabbit Inc. to help run the $100 million Opportunity Growth Fund backed by SoftBank.
She agreed recently to serve an adviser to the new fund that SoftBank announced in early June to assist companies led by people of color, TechCrunch reported.
Brown-Philpot, one of the few Black women to rise to the CEO level in Silicon Valley, also talked about her exit this week in a New York Times interview.
She told the New York Times that Silicon Valley was still badly lagging in its efforts to foster more racial diversity within its companies.
Along with her new ties to SoftBank’s Opportunity Growth Fund, she is a corporate board member of HP Inc. and Nordstrom Inc., both SP 500 companies, and listed on the BE Registry of Corporate Directors.
