Serena Williams’ next act in venture capital is essential in this moment

Lights, camera, another backhand winner down the line. It’s hard to imagine that in two weeks, Serena Williams is playing what could — and most likely will be — her last tennis tournament after 23 Grand Slams and decades of dazzling on center courts.

She announced her retirement in the latest issue of Vogue magazine, writing that she will be “evolving” away from the sport to focus on family and her career as a venture capitalist. Williams founded her own firm, Serena Ventures, in 2014 and raised a $111 million inaugural fund this year to invest in “founders with diverse points of view,” she previously told The New York Times.

When Serena Williams steps from away tennis, she’ll be walking into an arena as white as the one she just left.

LPs include CapitalG, LionTree Partners and Norwest Venture Partners, and with a team of six, the firm’s already invested in 20 companies with that capital, Fortune reported.

In tennis, she and her sister, Venus Williams, helped break the color barrier for Black girls looking to play a sport still associated with whiteness and privilege. Following the trail they blazed includes Naomi Osaka, Madison Keys, Sloane Stephens and countless others preparing for the day when they too can walk into the blinding lights of Arthur Ashe Stadium.

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