Rafael Corrales founded Background Capital, which is funded entirely by successful founders as limited partners, reinforcing his identity as a founder-centric solo GP backed by the very entrepreneurs he invests in. He was an early personal shareholder or angel investor in the first rounds of several category-defining companies including Instacart, Blockchain, Webflow, Clearbit, and Luxe, and is frequently cited as an early advisor to Instacart's founders who credit him with helping recruit key employees. Rafael Corrales founded Background Capital, which is funded entirely by successful founders as limited partners, reinforcing his identity as a founder-centric solo GP backed by the very entrepreneurs he invests in. He was an early personal shareholder or angel investor in the first rounds of several category-defining companies including Instacart, Blockchain, Webflow, Clearbit, and Luxe, and is frequently cited as an early advisor to Instacart's founders who credit him with helping recruit key employees.