Wealthy women donate billions each year. They should also invest in female founders

{ object.primary_image.title }}

Two high-profile women in finance say philanthropy and angel investing don’t have to be mutually exclusive. Kay Koplovitz and Alli McCartney are friends and advocates for female financial empowerment. Koplovitz is a media pioneer: she founded and served as CEO of USA Networks, now part of NBC Universal. She also is and cofounder and chairman of Springboard Growth Capital, which invests in women-led, fast-growth companies, and she is cofounder and chairman of Springboard Enterprises, a nonprofit that aims accelerate the growth of entrepreneurial companies led by women through access to resources and a global community of experts. McCartney is a managing director at UBS, and founder, Alignment Partners, a private wealth management group at UBS. Read Full Story

Read Full Article on Fast Company

Companies cofounded by women are getting more funding than ever

{ object.primary_image.title }}

A new report from Crunchbase indicates that female-led startups are beginning to close the funding gap with their male counterparts. Global startups with a female founder that have received funding doubled over the past five years, according to a new report from Crunchbase . That includes 21 new unicorns (with a valuation over $1 billion) in 2019, the highest ever in a one-year period. They include women-only owned businesses, such as Away, Glossier, Guild Education, Rent the Runway, and The RealReal. Together those 21 startups raised nearly $3 billion last year. Read Full Story

More

This is how women of color can navigate relationships with white ‘allies’

{ object.primary_image.title }}

“I have a responsibility as a leader to do my due diligence when an ‘ally’ offers support,” says the cofounder and CEO of Future For Us. As such, she explains how to vet allyship support to determine if it’s predatory, performative, or authentic. White feminism as we know it is burning up in flames. The #BlackLivesMatter movement is calling for accountability on leaders across government sectors, large corporations, and local communities that have been benefiting and profiting off of the Black community for centuries. Shamefully, white female-led companies are some of the biggest offenders of marginalization. Read Full Story

More

Rent the Runway cofounder Jenny Fleiss joins growth equity firm Volition Capital

{ object.primary_image.title }}

Fleiss shares her thoughts on retail trends, what she looks for in a founder, and leveling the venture capital playing field. After launching unicorn clothing-rental startup Rent the Runway out of Harvard Business School with cofounder Jennifer Hyman and launching personal shopping service Jetblack out of Walmart’s retail incubator and investment arm, Jenny Fleiss is entering a new chapter. Starting tomorrow, she will be joining Boston-based growth equity firm Volition Capital as a venture partner. Read Full Story

More

What supporting female founders of color taught me about funding, partnership, and equity

{ object.primary_image.title }}

The founder of IFundWomen of Color lays out the hard-won lessons that helped her get investments and cofounder-level equity. Growing up with an entrepreneur mom meant my weekends looked different. We’d drive from event to event, in churches, convention centers, and community centers, where I would help set up her table with the most recent book she’d written and watch her speak to Black women about building wealth by investing your money to achieve financial freedom. Read Full Story

More

Why so many women in tech get told they’re ‘not strategic’

{ object.primary_image.title }}

A female tech executive breaks down what’s really going on when qualified women are hit with this often-bogus claim. When former Pinterest COO Francoise Brougher wrote last month about “rampant discrimination, hostile work environment, and misogyny” at the company she once led, her story cut to the quick for many women in tech. Brougher was fired in April after a successful two-year tenure when, she says, she spoke up about gender discrimination at the male-dominated social media giant. She has since filed suit . Read Full Story

More

Ellen Kullman became CEO during the last recession. Here’s how it’s impacting her leadership now

{ object.primary_image.title }}

DuPont’s first female CEO, who served during the 2008 financial downturn, shares what it takes to stay resilient during unpredictable times. Ellen Kullman, CEO of 3D printing company Carbon, knows her way around a crisis. Kullman spent 27 years at chemical company DuPont, where she started as a marketing manager in 1988. She was named the company’s CEO and chairman in January 2009, just a few months after Lehman Brothers declared bankruptcy. Read Full Story

More

Forget leaning in or out: These are the questions we should be asking women (and men)

{ object.primary_image.title }}

A GM at Techstars says, “Rather than asking women (and now men) to lean in or lean out, why not ask them what they would do if they could set the goals and make the rules?” In the last decade, we’ve seen an increase in the amount of capital going to female founders , a slight increase in the number of Fortune 500 companies led by women , and more women than ever holding corporate director positions . But at the current rate of change, we won’t see gender parity in the workforce for 150 years. Yes, there is progress, but the end results are abysmally low. Read Full Story

More

Subscribe to our newsletter

Join our newsletter and never miss out trending marketing news.

HitcountVariables(pk=11414, ajax_url='/api/hit/ajax/', hits='5')