In Today’s World, Women Have Scaled Greater Heights in Different Industries. Women Entrepreneurs have to Find A Balance Economically and Financially In their Career.
Hi Everyone Today We Will Talk About All the Aspects of Women Entrepreneurship
Silicon Valley is A Boys Club that Needs Diversity It is Often A Subject of Discussion.
The Fact that People Even Suggested that Women and Other Underrepresented Minorities Endure Bias Rather than Find Ways to Counter It is hard to Swallow. Women in Tech Should Consider What they Can Do to Broaden the Audience Willing to Engage with them While Mitigating Potentially Negative Misconceptions.
Some Silicon Valley Startups have Started Anonymizing Candidates to Level the Playing Field and Transform Hiring, Using Voice Masking Technology and Other Anonymous Systems for Tech Interviews. But As The Guardian’s Julia Carrie Wong Points Out, this Only Works If It’s Done for Women As Well As for Men.
And Getting A Foot in the Door Isn’t the Only Problem, It’s Climbing the Ladder too. One Study Said Men in Silicon Valley Earn 61% More than Women.
Then there’s the Issue of Networking, Integral to Life in the Valley But A Bit Hard to Do If you’ve Masked Your Identity. Who you know is Crucial Here, and Getting to Know More People is Something A Lot Easier to Do in Person.
Finding An Investor is A Task
Female Entrepreneurs and Investors in the US are Focusing On Unmet Medical Needs. Women are the Healthcare Industry’s Biggest Customers, Due in Part to their Need for Reproductive Care, and Make 80% of the Healthcare Decisions for their Families. Tired of Having their Conditions Misunderstood or Dismissed as “Bikini Medicine”, they Are Starting Up and Investing in Female-Focused Companies, Many of them In Digital Health, A Market Valued at $55 Billion, According to KPMG.
More than 90% of Investing Partners at the Top 100 VC Firms are Men, Research by Startup Tracker CrunchBase Shows. People Invest in Ideas they Feel Comfortable With, and that’s Why Women are Leading the Charge On Female Health, Says Albert Wenger, Partner at Union Square Ventures in New York.
THERE IS A BIAS THAT RESULTS FROM THE FACT THAT A LOT OF VENTURE INVESTORS ARE MALE
That’s Changing, But Slowly. 9 Digital Health Companies Focused On Women Raised $82 Million in the US up from $29 Million, According to Rock Health, Whose Board and Investment Team are Mostly Female. That Amount Pales in Comparison to the $4.5 Billion that Poured into Digital Health Companies Overall. So Women are Trying to Shrink the Gap by Investing in Female-Focused Enterprises.
Cindy Whitehead, Who Raised $100 Million for Sprout Pharmaceuticals Before It Was Bought by Valeant Pharmaceuticals for $1 Billion, Started Another Company, The Pink Ceiling. It Will Make Investments and Do Strategic Consulting for Companies Working On Women’s Issues. “It was An Advantage for Me to be A Woman Leading Sprout,” Whitehead says. “Women Shared their Stories With Me. We did A Year of Diligence and Just by Listening I had Such A Better Appreciation Of the Devastation for Women.”
Being A Woman is Less of A Bonus When Raising Money for A Women’s Health Business. “I had to Get Past the Locker Room Jokes and Giggles to Get to A Serious and Frank Scientific Discussion with Potential Investors,” WhiteHead Says. She “Adapted by Understanding How Fiercely I Needed to Come Out of the Gate with Science.”
The Proportion of VC Deals Involving Companies Founded by Women Has Doubled Since 2006, Yet is Still Only 18%, According to Data from Pitchbook, Which Tracks Private Equity, Venture Capital and Merger and Acquisition Activity. Besides A Lack of Female Mentors and Investors, WhiteHead Thinks Women’s Health Suffers Because Issues are Often Assumed to Be Psychological. “We Have A Lot of Preconceived Notions Where We Reflexively Assign Issues to Biology for Men, and to Psychology for Women,” She Says.
Investors for Female Entrepreneurs
Here We Talk About Arlan Hamilton. Before She Got Interested in the Tech World in 2012 and Decided to Start her Own Fund, Backstage Capital, In 2014, Hamilton Was in the Music Industry, Working As A Production Coordinator, Helping Orchestrate Shows for Acts Like Ceelo Green, Kirk Franklin, and Amanda Palmer. When She Saw that Many Artists and Music Executives She Admired Were Investing in Tech, She Started Doing Some Reading, and As She Started Meeting Investors & Founders, She Realized that White, Male Entrepreneurs Got the Best Opportunities and the Most Dollars. She Decided Not Just to Try and Right the Balance but Also Make Some Money in the Process, and Launched Backstage Capital in 2014. By September 2015, She had Used Up All Her Savings, Had Given Up her House and Was Living On Friend’s Couches, and Was Almost Out of Hope Too.
Arlan Hamilton Was Homeless. That’s Practically An Unheard Position for A Venture Capitalist to be In, Considering the Fact that their Jobs Involve Handing Out Stacks of Capital to Smaller, Emerging Business. But Homeless She Was, In Large Part Because her Dream Was to Invest in High Potential Female, Minority, and LGBT Entrepreneurs. Every Investor She Had Met Over the Previous Year had Failed to Write her A Cheque. That’s Because Hamilton Herself, An African American Lesbian, Was A Silicon Valley Outsider. She had No Track Record As A Venture Capitalist (VC) and She Wanted to Invest in A Segment of Startups with Little Proven Success.
THESE FUNDS ARE LAYING BETS ON LGBT, BLACK & FEMALE FOUNDERS
That’s When Tech Veteran Susan Kimberlin Backed Her, and Helped Her Get the Fund Up and Running. Since then, Backstage Capital has Attracted Investors Such As Marc Andreessen, Flickr and Slack Co-founder Stewart Butterfield, and Swati Mylavarapu of Kleiner Perkins Caufield Byers, and Built A $5 Million Fund. Hamilton has Invested in 9 Companies that Rarely Get Attention in Silicon Valley. “This is Not A Non Profit or A Charity. I Want Killer Companies that are Making Money and will Make Money,” Hamilton Said. “My Job is to Make Money for My Investors, and I Can’t Do that With Companies Based On My Heart. It Has to Be Based On Companies that Are Badass.”
It is Always A Great Idea to Be Active & Inculcate A Habit to Be Part of Local Networks of Women Entrepreneurs. Women Play A Very Important & Vital Role in Every Aspect of Life thereby Needs A Great Balance Between Work, Personal Life, Family Life and Social Life.
India has Its Own Pool Of Fearless and Talent Women Entrepreneurs Who’ve Made A Mark for themselves in India As Well as Overseas. They’ve Embraced Entrepreneurship and Established their Own Venture.
Meet Some Successful Women Entrepreneurs Who are No Less than A Role Model:
Kiran Mazumdar Shaw
Born in Bangalore, She Did her Bachelors in Zoology from Mount Carmel and PG from Ballarat College, Melbourne in Malting and Brewing. She is the Chairman & Managing Director (CMD) of Biocon Limited. Under her leadership, the Company has Evolved As A Leading Player in Biomedicine Research with A Focus on Diabetes and Oncology. She is Also a Member of the Board of Governors of the Prestigious Indian School of Business and IIT, Hyderabad. She was Awarded Padma Shri (1989) & Padma Bhushan (2005) by the Indian government.
Ravina Raj Kohli
She Was the Head of Content & Communication at Sony Entertainment Television & the CEO at the Kerry Packer Owned Channel 9 on the Doordarshan Platform. Later, She Worked with Star news as the CEO. She has A Diploma from the London School of Journalism & Bachelor’s Degree in Psychology, Economics & Literature from Bangalore University. Her Company JobCorp Company Pvt. Ltd. Works Toward Empowerment of Women. Her Name has Featured Among the Top 20 Female Professionals in India. She is Also Indian Television’s First Woman CEO.
Born in Lucknow, India Rashmi Owns A PhD in Neuropsychology from the Brown University. Prior to that, She Completed her B.A. & M.A. from Allahabad University. In 2006, she Co-founded SlideShare Along with her Husband, A Site to Share Presentations Online. The Site Received Tremendous Response and Was Acquired by LinkedIn for $100 million in 2012. She Was Ranked No.8 in the Fortune’s Most Powerful Women Entrepreneurs List and Named One of the World’s Top 10 Women Influencers in Web 2.0 by Fast Company.
It would be Incorrect If We Don’t Include Sabina Chopra in Our Successful Indian Women Entrepreneurs List. She is the Co-founder of Yatra.com, An Online Travel Website. She Holds A Bachelor’s of Art Degree fromi Delhi University & Landed Her First Job with A Japan Airlines. Later, She Headed India’s Operation of eBookers, Europe’s Leading Online Travel Company.
She is the CEO and Co-founder of CashKaro, An Indian Cashback Site. She Graduated from London School of Economic (LSE) with An Honours in Mathematics and Economic. She later Bagged A Summer Internship at Goldman Sachs in London and Worked there for 4 Years. She Started Pouring Pounds, A Cashback Business in UK with her Husband. They Raised Double Funds & Started A Similar Activity in India in the Name of CashKaro.
She is the Founder of Limeroad, A Portal for Women to Share & Shop Lifestyle Products. She Holds A Bachelor’s of Art Specializing in Economics & Maths from the University of Cambridge and A Master’s Degree in Finance & Economics from the London School of Economics. She First Worked at Lehman Brothers Inc for 5 Years. She then Worked with Some of the Prestigious Companies Such As Virgin Media, eBay, Skype and Gumtree. She is Transforming the Fashion Industry on the Digital Platform of India.
Radhika Ghai Aggarwal
She is the Co-founder and CMO of ShopClues, A Marketplace that Connects Buyers & Sellers Online. She has Studied MBA from Washington University in St.Louis and A Post Graduate Degree in Advertising and Public Relations. Prior to that, She Worked with Nordstrom, Seattle & Goldman Sachs, USA. She has A Remarkable 14 Years Marketing Experience and has Been One of the Driving Forces Behind ShopClues Success.
Women Entrepreneurs Contribute A Great Deal and Can Make to Local Economic and Social Development. Women Entrepreneurs Unlike A Struggle Before Have Been Accepted and Encouraged by Extended Support From the Family and Friends.
Awareness through Media and Parents in Todays World Wanting the Best for their Children, Irrespective of A Girl or A Boy has Helped in Increasing Numbers of Women Entrepreneurs.