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The Week’s Big 5 1. Policy and placemaking go direct. Policymakers, funders and other stakeholders are putting cash and control in the hands of U.S. residents to address the interlocking challenges of COVID-19, inequality and racial justice. The Week’s Agent of Impact Arlan Hamilton, Backstage Capital. Venture capitalists love to invest in disruption. Arlan Hamilton is disrupting venture capital. She created Backstage Capital in 2015 with a conviction that backing “underestimated” founders could unlock overlooked value. Initially dismissed by the VC world, she convinced investors like Slack’s Stewart Butterfield and Mark Andreesen to sign on to her fledgling fund. The West Hollywood-based venture firm has built a portfolio of more than 175 startups, including tech ecosystem

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