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With Father’s Day on Sunday, it seems an opportune time to once again thank the men who support female founders.
We all have fathers and, as it turns out, there’s a connection between being the father of a teenage daughter and being a VC willing to hire a female investing partner. This diversity, in turn, improves the financial performance of funds, according to reseach by Harvard University professor Paul Gompers and Ph.D. candidate Sophie Wang.
Seeking outside financing isn’t the only way to take your business to the next level. Depending on your business model, franchising may be the solution. Genevieve Custer Weeks started Tutu School nine years ago in San Francisco. She taught ballet to kids 8 months to 8 years old — a niche that was overlooked by most dance activities classes.
Nina Vaca started Pinnacle Group 21 years ago. She has grown it from a small IT company into a global workforce-solutions powerhouse. In 2015, Pinnacle was ranked the #1 American Express and Women Presidents’ Organization Fastest-Growing Women-Owned/Led Company. Revenue exceeded $1 billion dollars. Pinnacle was ranked #2 in 2016 and 2017.
The rise to the top is never a straight line. There are moments when you are not sure if that big, bold step you are taking will be the right one. For Nina, there were several such moments.
Whether you are asking for help during the busiest time of day or in the dead of night, you want someone who is always there for you. You want someone who will never complain if you ask a lot of questions and won’t judge you if your questions seem silly to him or her. That new pal for entrepreneurs is Alice.
In honor of Mother’s Day this Sunday, I’m revisiting a favorite topic — paid leave — and its importance to women entrepreneurs. (It’s important to everyone, too, but I write about female entrepreneurship.)
The jobless rate is at a 10-year low as hiring grows reports The New York Times. Competition for talent will toughen. So, to the one million plus women-owned firms, which employ more than eight million people, you’re going to have to compete to attract and retain top talent.
Women have the reputation of being reluctant to take risks. What if it isn’t an aversion to taking chances but good judgement? Lisa Brown Alexander, president and CEO of Nonprofit HR, proves it’s not just good judgement, it’s smart business.
One size doesn’t fit all when it come to the “when,” “which kind” and “how much” financing to seek. The decision to seek outside financing is influenced by many factors including:
Pitching is a critical skill for entrepreneurs. It’s an opportunity to persuade angel and venture capital investors of your company’s investment potential. However, the truth is that no matter how good your idea, it is the entrepreneur that the investor is investing in.
Like it or not, men are more likely to invest in companies pitched by men than women. It’s called homophily. People of the same gender, race and/or ethnic group tend to associate and bond with each other. Homophily isn’t the only reason men get more funding than women. Behavior also plays into the likelihood of a female founder receiving equity funding.
The White House wants to cut $43.2 million — 5% — from the Small Business Administration's (SBA) budget, according to The Washington Post. The reduction would eliminate $12 million in technical assistance grants, drastically cut funding to Community Development Financial Institutions (CDFIs), and decrease the amount of loan guarantees to small-business owners from $46 million to $45 million.
Bold women with big dreams are revving up the economy and investors are finally noticing.Dreaming big and being bold may not have been seen as ladylike a few year ago. But, as Bob Dylan said, “the times they are a-changin'.” More and more women, like Tory Burch, are publicly owning their ambition.