Bonin Bough became a C-level executive at a Fortune 50 company by age 36 and was hand-picked by LeBron James to host CNBC's "Cleveland Hustles," where he evaluated entrepreneurs on-air, giving him an unusual combination of senior corporate experience and public pressure-testing skills that most venture investors lack. At Lockstep Ventures, he co-founded the firm specifically to close the racial wealth gap through a four-pillar framework targeting education reform, criminal justice reform, healthcare outcomes, and financial literacy, while being comfortable backing businesses that aim for strong 20-25x returns rather than only hunting for 100x unicorn outcomes.
About their Fund
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Avg Check Size
$25K-$100K
Notable Investments
Lockstep Ventures is a sub-$50M venture capital fund that invests exclusively in "overlooked visionaries of color" and startups directly tackling racial disparities in health, wealth, education, and justice/recidivism under its "Disparity to Prosperity" thesis. The fund's founding team uniquely combines a serial entrepreneur, a high-profile CPG marketing executive (B. Bonin Bough), and a criminal-justice advocate (Marcus Glover), while integrating "fair chance hiring" of people with criminal records as a core value creation lever rather than a side metric.
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