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  • Monday, February 15, 2021 2:00 PM | Anonymous

    Its 31-year-old female founder has been made a billionaire by a business appealing to women and headed by women. Bumble Inc. stock, the owner of the dating app where girls make the first move, jumped 67 percent to $72 at 1:03 p.m. in its market debut. Valuing the stake of Chief Executive Officer Whitney Wolfe Herd at $1.5 billion in New York.

    The listing caps a story that’s both an inspiration for women tech entrepreneurs and a cautionary tale. Wolfe Herd focused on an untapped market and created a multi-billion-dollar business that was born, in a way, from one of female entrepreneurship’s most perplexing barriers: sexual assault.

    The IPO of Bumble launches Wolfe Herd into a salubrious group of self-made female billionaires.

    “Hopefully this will not be a rare headline,” Wolfe Herd said Thursday in an interview with Bloomberg Television, referring to the uniqueness of Bumble’s women-led management. “Hopefully this will be the norm. It’s the right thing to do, it’s a priority for us and it should be a priority for everyone else.”

    Out of the 559 businesses that have got popular in the U.S. during the past 12 months, only two were created by women, apart from Bumble. It’s the same for blank-check companies, the preferred wealth-boosting engine of the moment for Wall Street. Women-sponsored SPACs, a fraction of the 349 mentioned in the previous year, numbered less than a dozen.


    Click Here to Read the Rest of the Article:


  • Monday, February 08, 2021 7:50 PM | Anonymous

    The International Labour Organization (ILO) and JP Morgan Chase Foundation have entered into a project aimed at supporting women entrepreneurs from Malaysia, the Philippines, and Thailand to recover from the COVID-19 pandemic.

    The agreement, which will be implemented by the ILO, is known as a project on ‘Rebuilding Better: Fostering Business Resilience Post-COVID-19’ is designed for the women to adopt more sustainable and resilient business models.

    Amid the pandemic in which businesses and supply chains have been disrupted by adherence to health protocols including social distancing and lock downs.

    The target of the project is women entrepreneurs, who are identified as "less resilient to the impact of adverse economic shocks, accessing support services will be critical to their stabilization and recovery.

    "The Rebuilding Better project, which will be implemented over 18 months, will bring about solutions to improve women entrepreneurs’ access to training, finance, and markets," according to the press release posted on the ILO website.


    Click Here To Read the Rest of the Article

  • Monday, January 04, 2021 4:30 AM | Anonymous

    From our company to yours,

    Happy New Year!

    May 2021 be fulling of growth and opportunity!

    It's HERstory Made!


    Just wanted you to be aware of an opportunity that some of you may qualify for or you may know someone who qualifies. Check it out! Details below!


    Forbes is Looking For Entrepreneurs and Businesses For: Forbes Next 1000


    This first-of-its-kind initiative will spotlight bold and inspiring entrepreneurs on their way to great success. The Next 1000 list celebrates the ambitious sole proprietors, self-funded shops and pre-revenue startups who are redefining what it means to build and run a business today, especially in the “new normal.”

    Take your shot here.


    Wishing You Massive Success in 2021,

    HERstory Connections Team
  • Monday, December 28, 2020 9:00 AM | Anonymous

    In order to create meaningful change in the lives of women, it is important that we take the “women supporting women” concept one step further, and become strategic in our support. The exciting potential of women in AI is that their presence has such a wide reach. Not only is AI one of the most pervasive technologies industry-wise, the data it produces can have significant social impacts on our society. 

    In this article, you’ll hear from some of the most influential women investors and entrepreneurs in AI discussing their strategic support of fellow women and their passion for building a future with a plethora of successful, diverse AI companies. 

    Shruti Gandhi has worked in data for over a decade. She is an engineer and founder of Array Ventures with 6 exits to companies such as Apple, Paypal, and Samsung with 10x returns. She is also an adjunct professor in the CS department at Columbia University. 

    Array Ventures leads first round investments in data, AI, and ML companies that solve problems for the enterprise in every vertical from health, fintech, to general AI and developer tools. The fund helps technical founders focus on their go-to-market strategy which Gandhi believes is the key to unlock success for the next stages. Despite the challenges of the stage over 75% of Array Ventures portfolio companies have raised great follow-on rounds from top funds. 

    Gandhi says it is important for investors to support women founders in AI, because AI learns from people that train it. “I often complain that Alexa doesn't understand my accent,” says Gandhi, “and people often retort back with, “well, it's trained by a lot of Indian engineers,” but then I ask, ‘Are those engineers women?’ and then there isn’t a good answer.”


    To Read More Click Here




  • Monday, December 21, 2020 2:00 PM | Anonymous

    In India, women entrepreneurs have a potential to create transformational employment and generate 150–170 million jobs according to a joint report by Bain & Company and Google. However, women continue to struggle for accessing equal opportunities, equal payment and equal recognition.

    The abysmal state of women can be verified by a mere glance at the data – the World Bank estimates that 35% of India’s women of the working-age population currently do not have paid work. Although women represent 42% of the agricultural labour force in India, they own just 2% of farmland. Women’s Labour Force Participation Rate (LFPR) in India is among the lowest in the world and continues to decline. The unemployment rate among women is 18% in India against the overall unemployment rate of 7%, in the country.  As per the Global Entrepreneurship and Development Institute (2015), India performs below the 20th percentile in the female entrepreneurship index. By 2030, the working-age population of India will surpass 1 billion, the highest in the world. Research suggests that just women alone will need 400 million jobs.

    To decrease the economic disparity between men and women, India collectively needs to take a non-traditional approach. While the Government of India and civil society organisations are undertaking various initiatives to promote employment and entrepreneurship among women and have created successful examples across India, there is room for tremendous improvement. And to solve a problem, one must look deep enough to identify the reasons behind it.


    To Read the Rest of the Article CLICK HERE.

  • Monday, December 14, 2020 8:30 AM | Anonymous

    My life story is one of breaking barriers and championing inclusion, on and off the court. Coming up in a predominately White male sport, I have been underestimated and underpaid throughout my career. Now, as a venture capitalist investing in early-stage startups, I see myself in the Black female founders who are often counted out right from the start.

    The Black female founder begins her fundraising journey already down a match point. Black women face a unique set of challenges colored by misconceptions of both race and gender. Investors notoriously doubt female founders, typically focusing investment analysis on the potential risks and losses of female-founded startups. They often assume that women-founded companies are more likely to fail. With male-founded startups, investors take a more optimistic approach, focusing on founders' potential to capture market share and drive the accelerated growth necessary for massive financial returns. Meanwhile, Black founders contend with systemic inequity at each step of their journey. Investors expect to see more traction from Black founders than their White counterparts, and will often question their technical expertise and market understanding.

    Black female founders exist at the intersection of these challenges, making it exponentially more difficult for them to get the funding they need.

    And then there's the problem of the network effect.

    To raise your first million, you need to raise your first check. That can be notoriously difficult. Entrepreneurs often turn to their friends and family to raise capital, a luxury reserved to those with wealthy networks willing to bet thousands of dollars on a person with a good idea.


    Click Here to Read the Rest of This In Depth Article!

  • Monday, December 07, 2020 8:00 AM | Anonymous

    Accenture CEO Julie Sweet and General Motors Chairman and CEO Mary Barra top the new 2020 list of Fortune's Most Powerful Women in Business, which was released Monday.

    Because of the multiple crises marking this year -- the pandemic, economic shocks, an overdue reckoning with racial injustice and climate change disasters -- the criteria to determine who should make the top 50 list was expanded this year.

    "Simply put, 2020 is the year when we said a final goodbye to business as usual," Fortune writers noted in their introduction to the list.

    So, in addition to considering the size and health of a woman leader's business in the global economy, her social and cultural influence, and the arc of her career, Fortune added a new element: how individual women leaders were using their power and influence to shape their companies and the world for the better.

    Sweet takes the No. 1 spot for running a professional services firm with more than half a million employees in 51 countries who are helping clients figure out the "new world order." The firm gets the majority of its revenue from clients in the cloud, digital and security businesses. And, as Covid-19 hit, "the company tapped into that expertise to help connect the UK's 1.2 million National Health Service workers remotely and to partner with Salesforce on contact tracing and vaccine management technology," Fortune noted.

    Click Here to Read The Rest of the Article

  • Monday, November 30, 2020 2:00 AM | Anonymous

    Women entrepreneurs tend to be stuck at the lower end of the business value chain, while their male counterparts make more profits at the high end. The ILO has developed a five step model to help women cross the business gender divide.

    ***

    Walk through any town or village in my home country, the Democratic Republic of Congo, and you’ll see a multitude of hairdressing businesses, most of them run by women. They are mainly plaiting, cutting and styling but this is not where the real money is made. Their businesses remain on a plateau, never really moving forward.

    Then you find small factories producing the hair products used by these women entrepreneurs. In most cases, the factories are owned and run by men, who have found a way to tap into more lucrative segments of the chain.

    You see this business gender divide in many parts of the world, where women are stuck in the lower ends of the value chain or where they are concentrated in traditionally female, low income sectors.

    Take Somalia for instance, in my role as lead technical officer of the ILO’s Women’s Entrepreneurship Development (WED) team, I have spent time with Somali business women, who are working in the dairy chain. They may own one or two cows and sell the milk in the market or on the streets of the capital Mogadishu. Most do not think of moving into other more profitable businesses, partly because milk production is often handed down in the family and is seen as a woman’s traditional role.

    I’ve also met entrepreneurs working in Somalia’s more profitable renewable energy sector, which is dominated by men, most of whom would not consider working in the dairy sector because it’s seen as ‘women’s work’.

    Our aim in the WED team is to help women ‘add value’ to businesses they may already own in essential and female dominated sectors, and to encourage them enter more lucrative sectors, often growth-oriented and male-dominated. We have developed a five-point business upgrading model to help make this happen:

    • Identify and assess the best sectors where women can establish and grow their businesses. This includes sectors where women already have a significant presence, and those that are traditionally male-dominated, which women can be encouraged to enter.
    • Deliver tailored business support, including entrepreneurship trainings, business continuity management, and soft skills training that cater for women’s and men’s needs. By working with local business support organizations, we ensure that these services sustain and remain available even after projects have ended.
    • Help business women access markets by working with government and the private sector to promote hiring and purchasing policies that benefit and include women owned and led enterprises; and by helping women entrepreneurs succeed in bidding processes, equipping them with market information, and supporting them to meet standards and requirements.
    • Make finance easier to access by connecting women entrepreneurs with different financing options, including conventional financial institutions, as well as less conventional financing mechanisms, such as impact investors.
    • Strengthen women entrepreneurs’ voice and representation by building peer-to-peer support networks, and facilitating their participation in key associations and platforms. Through soft-skills development and strengthened networks, the aim is also to empower and encourage women entrepreneurs to grow their businesses and enter and succeed in male-dominated sectors.
    To read the rest of the article, CLICK HERE.
  • Wednesday, November 25, 2020 2:00 PM | Anonymous

    Existing inequities have been magnified during the economic troubles, business leaders say.


    Photo Credit: AAron Ontiveroz, The Denver Post,

    Article By Judith Kohler of The Denver Post

    Alicia Scott inspects her roof on Tuesday, Nov. 17, 2020. Alicia Scott, founder and CEO of Roots to Roof, is a member of an organization started by the company Just Fearless to help women stay in business.

    Alicia Scott went from answering phones and doing the filing at a roofing company to being a production manager and then a vice president. She then struck out on her own.

    “A couple of years ago, I decided I had enough working crazy hours and being the first one in and the last to leave,” Scott said. “I decided that it was time to make a change, so I started my own company.”

    Scott, who lives in Golden, started Roots to Roofs in 2017, offering landscaping and exterior construction services. Her staff grew to eight full-time employees, but has been cut in half since the coronavirus pandemic exploded. The company’s revenue has dropped by 40%.

    “We’ve tightened up ship quite a bit. We’re not taking on any marketing, stuff like that,” said Scott, when asked if she thinks her company can hang on. “But it’s been difficult.”

    Weathering the pandemic has been rough for many businesses, but a recent report released by the U.S. Chamber of Commerce said female-owned small businesses have been disproportionately affected. A survey by Ipsos found that the businesses were more likely than those owned by men to report a significant decline in the health of their business since the pandemic started. They were also less likely to be planning new investments for the coming year.

    Before the pandemic, 67% of the male owners described the overall health of their business as “somewhat or very good,” compared to 60% of female-owned businesses. In July, 62% of male owners still described their businesses that way, while only 47% of female owners did.

    “When you look at the broader context, it is a giant alarm bell,” said Tom Sullivan, vice president for small-business policy at the U.S. Chamber of Commerce.

    That’s because over the last five years, female-owned businesses, about 42% of the small businesses nationwide, saw their employment grow 8%, compared to just 1.8% for all businesses, according to a 2019 report by American Express. The number of female-owned small businesses increased 21% during that period compared to 9% for businesses overall.

    Sullivan said it’s troubling to see the fast-growing segment of the small-business economy losing steam.

    There are 139,760 female business owners in Colorado, accounting for 39.8% of all business owners in the state, according to a new report by Self Financial, which helps build and improve credit. Colorado has the 14th-highest percentage of female business owners.

    The pandemic has magnified inequities faced by minority- and female-owned businesses, like access to loans and other capital, Sullivan said. Compounding the challenges is that many female-owned businesses, such as retail shops and hair salons, rely on foot traffic and are more vulnerable when restrictions are imposed.

    More federal help is needed, Sullivan said. The chamber is pushing for bipartisan support for more stimulus funding.

    Kisha Mays, founder and CEO of Just Fearless and an angel investor, said she believes it’s a matter of when, not if, Congress approves more money to help businesses cope with the pandemic.

    “But that next bill of coronavirus relief won’t happen at least until maybe February 2021,” Mays said. “And you still have Thanksgiving, Christmas, New Year’s — three months essentially. How are these businesses that need help now supposed to wait for three months and hope they’ll get help?”

    So, Mays, whose company works with primarily female-owned businesses, sped up a grant program that was in the works. One of her ventures, HERstory Connections, a support network for female entrepreneurs, closed the first round of applications for $5,000 grants and expects to open another.

    “It might help them pay rent for a month or two. It might help them make payroll,” Mays said.

    Her long-term goal is to see 1 million female business founders produce a minimum of $1 million in annual revenue by the end of 2025. Mays said less than 2% of female-owned businesses now generate at least seven figures in annual revenue.

    “We start businesses at a faster rate than men but we get funded at a slower rate,” Mays said. “And now you see them struggling.”

    Scott, the roofing company owner, didn’t apply for a grant or other funding but has turned to women’s business organizations, including HERstory, for support, networking, training sessions and other resources.

    “Just having someone to talk with and connect with, to be able to get through whatever challenges we’re going through, that’s been really big for me.”


    Click Here for the Link to Denver Post Article





  • Monday, November 16, 2020 9:00 AM | Anonymous


    In October, the Nobel Prize for chemistry was awarded to two women, Emmanuelle Charpentier and Jennifer A. Doudna for the development of a method for genome editing called CRISPR. This is the first time two women have won this prestigious prize and is a timely signal of the growing role women play in health-related fields. 

    While specific data is hard to find, anecdotal evidence seems to show more women are founding or leading efforts in the healthcare and life sciences industries. And even though women still lag men in the percentage of healthcare leadership roles, with only 13% serving as CEOs and 30% being part of C-suite teams, they tend to be better represented at the top versus in other sectors like financial services or technology. 

    Lygeia Ricciardi, Chief Transformation Officer of Carium attributes some of this larger role to simple volume. Given that women make 80% of the healthcare buying decisions in the United States and make up 65% of the healthcare workforce, she says it’s “only natural that we have strong opinions and insights into how to make it better.” And she sees lots of room for improvement, pointing to the opportunity to help people – especially women – use digital tools to better manage and improve their health. 

    Astarte Medical cofounder and CFO Tammi Jantzen echoes this point. “Women are the Chief Medical Officers of the home. It only makes sense that more women are leading companies in healthcare – they know their customer because they are their customer.” Jantzen also believes that as discussions about women’s issues like sexual and reproductive health become less taboo, more female entrepreneurs are seeking solutions.

    Perhaps this helps explain the sudden and explosive growth of what’s been termed femtech. This subcategory of healthtech focuses on approaches and solutions for women’s health issues. At least $241 million in venture capital funding flowed to this sector in 2019 alone, with Frost & Sullivan projecting a market potential of $50 billion by 2025.


    Click HERE to read the Rest of the Article.

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