Equal Pay Day for Black Women Is Today, August 13th. There’s a Reason for That

Jeanne Sahadi with CNN Business reflects on Black Women’s Equal Pay Day, a day marked each year to illustrate how far into the year the average Black woman had to work to earn as much money as a white man did the previous year. The article addresses inequalities on top of what the figure reveals, such as unemployment and shortened work hours; effects of our current health and economic troubles on existing inequalities; and efforts to close the gap-because when women, especially Black women, are not paid fairly, everyone loses. Click through to watch and read the full coverage.

By Jeanne SahadiCNN Business

August 13th is Equal Pay Day for Black women this year. It's a measure of just how underpaid they are relative to white men.

The upshot: Black women had to work an additional seven and a half months this year on top of the 12 months they worked last year just to make as much as their White, non-Hispanic male counterparts did in 2019. That's according to the Equal Pay Today Campaign, an umbrella group of organizations advocating for pay equity. It based its estimate on the median annual earnings for full-time, year-round workers using data from the Census Bureau.

As a result, the National Women's Law Center estimates Black women lose out on roughly $1 million of income over a career.

"For Black women, they find themselves sitting at the intersection of gender and racial discrimination, and when those things are combined you'll see a bigger discrepancy in things like pay," said Shannon Williams, the director of the Equal Pay Today Campaign.

Read more

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

Kiko Davis, Only Black Female Bank Owner in US, Says Her Superpower Is Courage

Rolling Out interviews Kiko Davis, the only Black woman to own and operate a bank in the United States. Covering her achievements and leadership roles, the interview goes on to discuss the crucial role of Black women in leadership roles, the importance of empathy and awareness of the needs of underrepresented groups, the Black woman history maker she would personally thank, collaboration, and more.

By Porsha Monique

Kiko Davis is the trustee of the Donald Davis Living Trust, the majority stockholder of First Independence Bank, the 10th largest African-American owned bank in the United States and she is the only African American, female bank owner in the United States. She’s also the founder and president of the Don Davis Legacy Foundation, established in 2016 to perpetuate the legacy building efforts and initiatives envisioned and developed by her late husband, Donald Davis. And Davis (Kiko) is also the managing director of Groovesville Productions & Publishing LLC, which controls the Grammy Award winning music catalog of her late husband..

Davis takes pride in her philanthropic efforts and extends her support to great causes and organizations such as the Ronald McDonald House, the Charles H. Wright Museum of African American History and many other organizations that serve the community. She also served for three years on the Lawrence P. Doss Scholarship Foundation as a nonprofit board member.

Rolling out spoke with the bank owner on the importance Black female leaders, who she would like to mentor her and her superpower of courage.

Read more

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

Image by Breann White via Rolling Out

How To Prevent The Pandemic From Taking A Greater Toll On Women Entrepreneurs

Geri Stengel with Forbes examines trends in women business owners, what small business owners face during the coronavirus pandemic, resources helping women business owners navigate the outbreak, the importance of equal economic participation, and the economic and societal benefit of diversity in entrepreneurship.

“In this time of great need, it behooves the entire women's entrepreneurial ecosystem — policymakers, funders, supporting organizations, educators, researchers, the media, and the women themselves — to take swift bold action to expand or create policies that will address women's specific needs,” Stengel says.

Read below and click through to read the entire article.

By Geri Stengel, Forbes

Between 2007 to 2012 — the period before and after the Great Recession — the number of women-owned businesses jumped 27% while privately held businesses grew only 3.3%, according to the Survey of Business Owners by the Census. Average revenues for women's businesses decreased from $154,300 in 2007 to $143,700 in 2012 and privately held businesses revenue grew from $417,400 to $440,200 during the same period. One reason for the decline in revenue among women's businesses was a surge in startups, which had not yet achieved their full revenue potential. Another reason is that many of these businesses were necessity businesses: The entrepreneur's only viable employment option was to start a business. These entrepreneurs also tend to be sidepreneurs, working only part-time.

Like the canaries in the coal mine, women's businesses were already experiencing a downturn. Their numbers increased by 5.4% between 2018 and 2019, privately held companies only increased by 2.4%, according to the American Express 2019 State of Women-Owned Businesses.* However, after a slow but steady rise, women-owned businesses' average revenues declined from $143,100 in 2018 to $142,900 in 2019, while all privately held businesses rose from $468,000 to $474,900.

On the flip side: Women are also going for the brass ring. Between 2007 and 2012, million-dollar-plus women-owned businesses increased by 21% compared to 3.3% for all privately held businesses and between 2018 and 2019, it was 4.2% compared to 2.4%, respectively. These are the women I write about in this column.

Read more

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

Fighting for the Equal Rights Amendment—And Gender Equality Across the Board

As the United States considers the Equal Rights Amendment—in the first hearing of its kind in 36 years on the proposed amendment, which if passed would add the word “women” to the U.S. Constitution for the first time—we’ve been paying even more attention to stories about the fight for gender equality. From closing the gender gap and leading companies and initiatives, to fighting discrimination and gendered assumptions: Women lead the way in business, leadership roles, government, sports, and more—fighting for their own empowerment and for the voices and opportunities of girls and women for generations to come.

Why Women Definitely Need the Equal Rights Amendment, from Refinery29—“It turns out, explaining why we need the ERA is complicated. It’s not as though we don’t already have many laws against maltreatment of women, explains Wendy Murphy, director of the Women’s and Children’s Advocacy Project at New England Law School and Equal Means Equal’s legal adviser. Women are also already protected, in some sense, by the Equal Protection clause of the 14th amendment (“nor shall any State...deny to any person within its jurisdiction the equal protection of the laws”). But the rub is that equal enforcement of any of the existing laws against sex discrimination is not required. That is because sex, specifically, is not a protected category explicitly mentioned in the Constitution the way, for example, religion or race are.”

Equal Playing Field Initiative Is Empowering Women in Sports – One World Record at a Time, from Forbes—“Enter Equal Playing Field, a grassroots nonprofit, whose mission is to challenge gender inequality in sport and to promote sports development for girls and women globally, especially in marginalized country contexts. While it is estimated that 30 million women and girls play soccer around the world, significant financial and cultural barriers continue to inhibit participation.”

How Gender Bias Impacts What We Think of Products Made by Women, from Fast Company—“‘What we’re seeing here is that woman-made goods for sale in male-typed markets are being penalized for no reason other than the fact they are made by women,’ [Stanford researcher Sarah A.] Soule says. [...] The long-term solution, say Correll and Soule, doesn’t lie in women modifying their behavior. The answer is in changing people’s stereotypical thinking at a societal level and building awareness of inherent biases that we all bring to our purchasing and other behaviors.”

AWIP Launches Female Founders Program to Close the Gender Gap in Venture Financing, from VentureBeat—“‘One of the biggest barriers to success for female founders is obtaining access to funding resources,’ said Nancy Wang, CEO and founder of AWIP. ‘Through this initiative, AWIP strives to create a safe space where all founders can interact, garner feedback and secure funding mentorship from top-tier VCs.’”

How to Close the Female Leadership Gap in Business, from Yahoo Finance—“Part of that is how do you make sure that you're supporting getting women into the pipeline in the first place? It's important to be focused on how to specifically sponsor women and identify how we can bring them up in the organization.”

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

Equal Pay Day Marks Ongoing Inequality—and Opportunities to Fight for Equity

April 2 is Equal Pay Day in the United States, marking how far into the year full-time women workers have to work to earn as much as men earned in the previous year. In spite of advocacy, gains in some areas, and the talent and tireless work of many women; the wage gap persists—especially for women from minority and underrepresented groups. To mark the day and the issue, we’ve collected some articles highlighting details in the ongoing fight to close the wage gap and fight for pay equity.

On Equal Pay Day, Let’s Pledge to Value Our Daughters As We Value Our Sons, from The Sacramento Bee—“The wage gap is not just unfair – it’s an economic crisis. In California alone, women lose more than $78.6 billion every year to the wage gap. Imagine how this compounds over a lifetime. [...] It would be easier to claim that this is someone else’s issue to solve, but the research shows that the wage gap is universal and touches all of us. The gap exists across industries, regardless of education levels, and in all types of work.”

Pay Gap Narrowing in Tech, Black Women Most Affected: Study, from Dice—“As attitudes change, so does the tech pro pay gap. Proactivity is key, but Hired’s data hints that women outside of management roles are still unduly punished via their paycheck, something we’ve seen before.”

Jennifer Siebel Newsom Encourages California Businesses to Boost Women’s Pay, from The San Francisco Chronicle—“’Let’s not forget, women are the backbones of their families, their communities and society at large. So when we lift up women, we lift up everyone,’ Siebel Newsom said during a news conference on the steps of the Capitol. ‘But in far too many ways, our society tells women they are not quite as valuable as men.’ [...] Thirteen companies—including Airbnb, Apple, Salesforce and Square—have already committed to Siebel Newsom’s ‘Equal Pay Pledge,’ under which they promise to conduct internal reviews of employee pay and adopt practices to eliminate any gender biases in hiring, promotions and salaries.”

Actually, Women Do Ask for Money. They Just Don’t Get It., from The Cut—“Unlike other studies that have been carried out in this area, the Do Women Ask? researchers had more detailed data that revealed a crucial fact: Women are far more likely than men to work in jobs where salary negotiation isn’t necessarily possible, such as low-skilled hourly wage jobs or part-time roles. Previous studies that reached the ‘women don’t ask’ conclusion often failed to account for certain types of jobs (and industries) being dominated by one gender, focusing instead on the overall number of men or women who’d reported salary negotiations, which—given the number of women who work jobs with ‘non-negotiable’  salaries—skewed their findings. The Do Women Ask? study, on the other hand, found that when comparing men and women who do similar jobs (and jobs where there are genuine opportunities for salary negotiation), women actually ask for raises at the same rates as men.”

Women Dominate OB-GYN Field but Make Less Money Than Male Counterparts, from ScienceDaily—“While women outnumber men as Ob/Gyn practitioners, they still make significantly less money and the pay gap extends to subspecialties like reproductive endocrinology and infertility [...] Payinequity among physicians in well-documented. According to Doximity, an online social network for health care professionals, women doctors make about 27.7 percent less than male physicians or about $105,000.”

Equal Pay Day Highlights a $1 Million Salary Shortfall for Some Women, from CNBC—“Based on today's wage gap, a woman just starting out will lose $406,760 over a 40-year career, according to a new analysis by the National Women's Law Center. [...] For Latina women, the lifetime wage gap totals more than $1 million, and for African-American women, the losses are close: $946,120, the nonprofit advocacy group said.”

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

10 Stats That Build the Case for Investing in Women-Led Startups

Women-led startups don't just provide women entrepreneurs with opportunities—they're sound investments. From solving tech problems and fighting bias to efficiency and determination, women have had to have it all to make it in the startup scene. And from higher revenue and return on investment to performance and growth, they're making it work. Here, Forbes looks at 10 statistics that make a strong case for investing in women-led businesses.

By Allyson Kapin

The next Steve Jobs will be a woman. She understands how to solve a specific problem facing this world by leveraging tech. She knows the diverse and inclusive team it will take to build the product and implement solutions. She’s an experienced entrepreneur who knows how to operate with the leanest resources because, let’s face it, she’s had no choice considering how VCs have invested 98 percent of their capital in startups led by men. And the women-led startups that did raise capital, on average, raised 36 times less money in 2017 than those founded by men, according to PitchBook Data Inc.

But is the tide turning as more VCs diversify the startups in their portfolio? For example, Indie.vc, a fund founded by Bryce Roberts, (and currently accepting applications for their next round of investments) has been intentional about recruiting women-led startups since it launched and 50 percent of their portfolio is comprised of startups founded or cofounded by women. Golden Seeds has also focused on significantly diversifying their portfolio with women-led startups. Make no mistake though, these VC funds are not funding women-led startups as charity. They are investing in women founders because they understand the strong ROI of investing in diverse startups.

Here are 10 stats that build the case for investing in women-led startups. If you’re an investor, print this list out and post it on your wall to remind yourself to stop leaving money on the table. If you work with investment associates on your team, tape yellow sticky notes to their laptops so they never forget this money-making data.

Read more

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

Image credit: Patrick T. Fallon | Bloomberg

Real-Life Gender Pay Gap Far Bigger Than Thought, U.S. Economists Say

We've long known about the gender pay gap—the difference between what men and women are paid for comparable work—but new research that takes into account the added family and social burdens on women suggests that the gap might be much larger than previously thought. The information is being termed the "real life" gender pay gap, and learning more about it may lead to policies that could help narrow the gap as well as empower both men and women to embrace central roles at home and at work. Click through for the full story by the Thomson Reuters Foundation, the charitable arm of Thomson Reuters, that covers humanitarian news, women's and LGBT+ rights, human trafficking, property rights and climate change.

By Ellen Wulfhorst

The pay gap between men and women in the United States is realistically far wider than the most commonly used figures, according to new research showing women earning less than half of men’s incomes.

The yawning gap reflects the reality that women step out of the paid labor force to care for families more often than men do, said the economic study released by the Washington-based Institute for Women’s Policy Research.

The commonly cited gender pay gap, calculated by the U.S. Census Bureau, showed women last year who worked full-time year-round earned 80 percent of what men earned.

The new research found women earned 49 cents for every man’s dollar in the years spanning 2001 to 2015 by factoring in women who leave and return to the paid work force, co-author Stephen Rose said on Thursday.

Read more

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

4 Female Leaders Pioneering Fintech and Crypto

Women have long been making strides in the banking world, and now they're playing pivotal roles in the future of fiance as well. This article from Forbes highlights some female powerhouses in financial technology and cryptocurrency, looking at four women who were already powerhouses in their own rights—and their contributions to this growing industry. Click through to read more!

By Kitty Knowles

Women have secured some of the top European posts in traditional banking: Christine Lagarde heads the International monetary fund, Ana Botin is Executive Chair of Santander Group. Now Europe’s leading women in tech are pioneering startups focused on the future of finance too.

In London, the financial capital of Europe, Anne Boden left a string of top finance positions including Head of EMEA at RBS and Chief Operating Officer at Allied Irish Bank to become the first woman to found a UK bank. Boden has a bachelor's degree in Computer Science and Chemistry and an MBA. She has raised more than $190 million at the helm of Starling, an app-based bank used by 100,000 British customers. “I understand how to build technology, how to deliver technology and how to manage technologists. That gives you an awful lot of credibility, whether that's with the industry as a whole or with investors,” she tells Forbes.

Despite her background, convincing the industry she knows best hasn’t always been easy. Boden spent much of 2015 explaining to non-believers that, yes, in just a few years we would all want to bank on our phones not just our laptops. If the environments she worked in weren’t 80 percent male they’d be “far more cooperative” in general, the founder adds. “Women have had to work twice as hard for twice as long,” she says.

Photo courtesy: Starling

Read more

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

 

Why Women Will Become the Largest Investors in Real Estate

This post on Medium from RealtyReturns, a “cross-border blockchain-based real estate marketplace,” examines a new trend showing that women’s investment in cryptocurrency is rising faster than men’s—and diversified, tokenized real estate investments on the blockchain might be a path toward opening the door for even more women, while avoiding some of the fluctuations and uncertainty that can come with crypto investments.

Click through to read the whole post, which discusses investing through security tokens, as well as how women can dominate the space once knowledge about cryptocurrency and blockchain is more widespread.

By RealtyReturns.io

New research reveals a stunning trend that women are more likely to invest in cryptocurrency over men. It shows that one in eight women or 13 percent are likely to invest in cryptocurrency, compared to only 6 percent last year. In less than a year, women’s interest in cryptocurrency has doubled. That number is even higher when you look at millennial women, where one in five are likely to invest in digital currency.

When you dive deeper into the data you not only find that interest has doubled for women in the last year that know about cryptocurrency; but the bigger story might be that one-third of women have no idea what bitcoin or cryptocurrency even is. If you look at the table below you will see that only 16 percent are somewhat familiar, and a full 30 percent haven’t heard of bitcoin at all.

 

When you look at both the 7 percent increase of women that have interest investing in bitcoin in conjunction with the fact that 30 percent of women have never even heard of blockchain, it tells you that women are already starting to dominate cryptocurrency despite the fact that one-third still don’t even know what it is. Imagine how much higher the increase in demand will be once all women understand the concept.

Read more

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

How Tiny Liechtenstein Aims to Become a Big Player in Blockchain

Liechtenstein has gone through exceptional economic growth in recent decades, and is now set to be a world leader in blockchain—which it might be in a unique position to do, even though only five ICOs have been launched in the country so far. This article from VentureBeat discusses the development and Liechtenstein's position as a key player—including how the wealthy, picturesque nation is positioned to lead in blockchain and crypto; how the country is looking to make use of legal and regulatory advantages to be an attractive destination for blockchain companies; pending blockchain and crypto legislation in the country; legal and regulatory issues; and more.

Click through to read the entire article about this small but growing potential power in blockchain.

By Jeremy Epstein

For years, Liechtenstein was viewed and used as a place for wealthy individuals to hide money and evade taxes from their native lands. The result led to a GDP per capita of $139,000 by 2009, the highest in the world.

Intensifying in 2008 and into 2009, however, pressure began to mount on the country from Germany, the UK, and others to change. Internally, as well, leadership within Liechtenstein recognized the time had come to find alternative ways to compete in a global economy. Around the same time, Satoshi Nakamoto rolled out the genesis block of the Bitcoin blockchain, kicking off the crypto revolution. Fate was setting the stage for a new period of growth.

Enjoying membership in the European Economic Area, a customs union with Switzerland, a strong history in global finance, and having the epitome of “small government” that enables rapid regulatory execution, Liechtenstein sees a chance to seize a leadership position in the blockchain-based world of the future. On a recent trip to Vaduz as part of a group of 25 Crypto Explorers, it was abundantly clear to me that the country is “all-in” when it comes to blockchain.

Read more

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

Women are Surging Ahead in Crypto Trading

The latest article from Global Crypto Press covers a recent survey, showing the numbers of women trading cryptocurrency is still modest, but is growing and staying strong. We were thrilled to see the survey and article cover women participating in both the trading and tech sides of the industry, and groups such as the New York-based Women in Blockchain—at 1,400 strong—show that while there's still room for growth, women are here to stay and to lead.

Click through for the full article; including trading CFDs and claims from the survey about women's appetite for risk. Whether you agree with the conclusions or think there's more to it, it's enlightening to learn how many women are thriving in this industry—not to mention inspiring.

If you thought the finance sector was a man’s world think again, as it appears women are surging ahead in crypto trading; or at least taking steps to get noticed in this ever-growing industry. Women are taking more and more of an interest in both trading and the decentralized blockchain technology behind digital assets such as Bitcoin.

A recent survey of crypto traders revealed that 8.5 percent were women. While these figures may seem low at first, the increased interest in the crypto field from females could see numbers grow in the near future. Interestingly, a meet-up group in New York City called Women in Blockchain boasts an impressive 1,400 members.

The Cryptocurrency Market and Women
The cryptocurrency market is undoubtedly attracting attention from both sexes. While males still largely dominate the sector it must not be forgotten that the concept of crypto trading and the technology behind it is relatively new in terms of mainstream usage and there’s plenty of time for growth. Tech-savvy female entrepreneurs are already shunning venture capital in favour of ICO fund raising techniques showing that women are embracing crypto trends.

Read more

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

These Angel Investors Want to Bring Women Into Startups Early—And Get Them Equity

An investor group known as #Angels wants to bring more diversity and gender equality to startups. Long the domain of privileged, single, white men; the startup ecosystem and everyone involved in it will benefit when more women and other underrepresented minorities are supported. Women are taking risks, and #Angels are helping them—reaching out to startups to allocate more shares to women, helping women and other underrepresented people negotiate for equity, hosting an investing boot camp, and pushing for companies to disclose the diversity of their capitalization tables—which lay out ownership stakes in a startup—the same way they've disclosed other measures of equality. Click through to watch the interview and read more about how #Angels are making sure women employees get their fair share—and that more women are supporting one another all the way to the top; including ownership, wealth, and equity.

By Julia Boorstin

Silicon Valley is still under fire for its lack of diversity. At tech giants like Apple and Google, women still comprise less than a third of employees, and female founders drew just 2 percent of VC dollars last year.

One group of female angel investors is working on a plan they hope will help close those gaps by honing in on the nexus of power: the allocation of shares to founding employees of startups. This investing collective of six former Twitter executives, called #Angels, says that if more women have representation on the cap table — the legal document that lays out equity stakes in a company — that will help boost female leadership and wealth creation, and turn more women into VC investors who can back women-run startups. #Angels is focused on educating women and men alike on the value of bringing in female executives early and giving them shares.

"There's four groups of people who make significant wealth and who are on the cap table. It's founders, it's early executives, it's early employees and it's investors," says Chloe Sladden, one of the #Angels. "We know that women and underrepresented minorities do not make up those groups significantly. So our concern is if women and underrepresented minorities are not part of the cap table, they are not part of the wealth and power that shapes Silicon Valley."

Image credit: #Angels

Read more

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

Forbes: Opportunities For Women In Crypto

A column from Forbes lays out growing opportunities for women in cryptocurrency spaces. Leading women in the crypto and blockchain world the discuss everything from the importance of diversity and more women entering the blockchain space to balancing calling out sexism with encouraging women and lifting up the voices of women influencers in the field. Click through to read the entire article, including insights from several leading women in this growing industry. 

Dr. Jemma Green

It’s no secret that women are underrepresented in the crypto world. While women in the space may disagree on whether the topic is worthy of discussion or not, one thing is clear. They’re not going to sit in the sidelines while their male counterparts ride the blockchain wave.

“The blockchain industry is a combination of two very traditionally-male industries -- finance and tech,” Elizabeth Rossiello, CEO & Founder of BitPesa said.

“But this is an entirely new industry, and this is an opportunity for women to break ground -- and they already are.”

Rossiello herself is an example of this. After seeing what she calls the “obvious problem” of funds and institutions having to exit the market because of foreign exchange loss or lack of local currency infrastructure, she started BitPesa as a way to provide liquidity in African markets and reduce friction so businesses in the region to grow.

Meltem Demirors, Chief Strategy Officer of CoinShares, mirrors Rossiello’s sentiments of optimism adding that “the democratization of capital formation and the creation of crypto wealth has enabled women early into the space -- something that’s fundamentally different from every other major tech movement”.

Read more

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

5 Things You Need to Know About Women in Finance

When it comes to finances, women’s contributions are still under-recognized—especially when it comes to those at the top. This interview with seven women from the Forbes Finance Council shows that women are powerhouses in finance, and sheds light on many issues in the industry, from challenges and opportunities when it comes to gender representation, learning, and unleashing your potential to working in finance to make a difference, forging new paths and being unapologetic in your aspirations and accomplishments.

By Forbes Councils

According to the 2017 World Economic Forum’s Global Gender Gap Report, “Female talent remains one of the most underutilized business resources.” In some industries, like finance, this is especially clear.

In finance, as career level rises, female representation declines. Although 46 percent of financial services employees are women, at the executive level, it’s only 15 percent.

We interviewed seven members of Forbes Finance Council who, as female finance executives, are breaking those barriers. They offered an inside look into their experiences and advice for others who want to make it to the top. Here are their insights — the five things you need to know about women in finance.

Image courtesy Forbes Finance Council members

Read more

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

Bustle and Visa Kick Off Conversation About Women and Money

Bustle and Visa are harnessing the power of conversation to talk about money and women in a new—and more serious—way. The partnership, “Money is Changing,” is an initiative to promote more depth in financial discussions centered on women, eschewing the well-worn focus on things like household decision making and saving for personal items. That’s because Visa found that despite women’s numerous advances in investing, business and other areas; a stigma can remain when it comes to talking about money when it comes to raises, discussing finances with friends, and more. The initiative aims to change that through deeper conversation—sharing experiences and taking women’s experiences and insights on money seriously.

Visa researched women’s thoughts on a wide variety of financial topics—including women’s relationship to money and discussing it—and both Bustle and Visa feel that honesty and openness among women can help us reach milestones and empower one another.

Click through to read the whole report and learn more about “Money is Changing.” Women’s conversations with one another about money should be just as robust, serious, and beneficial. And starting these conversations in our own circles as well as on a larger scale, as Bustle notes, is “how we're all really going to make change happen.”

By Allison Berry

 

If the first half of 2018 has proven anything, it's that there's power in conversation. Especially in recent months, women have rallied together in ongoing quests to put an end to things like sexual harassment, outdated beauty standards, and gender inequality in politics, but there's one taboo surrounding women that's still very much intact — so let's talk about it.

A recent survey conducted by Visa found that even though 54 percent of millennial women will discuss their sex lives with one another, a mere 16 percent are willing to tell their friends how much money they make. Not only that, more than one in two women believe that discussing money with each other isn't valuable. While these findings are striking, they're also not totally surprising.

That's because for decades, the media has used tired clichés to approach conversations surrounding women and money. Time and time again, we've been given tips and tricks for scoring that designer bag on sale, or we're being encouraged to spend our hard-earned cash on trendy workout classes that come with a colossal price tag. And while there's a lot of positive to be said around the confidence that comes with looking and feeling your best, doesn't it feel a bit off that the discussion around women's finances has historically been so... skin-deep?

That's exactly why Bustle has joined forces with Visa to help launch the "Money Is Changing" initiative, which is all about encouraging an open and honest conversation surrounding women and money. As a worldwide leader in payments, Visa led the charge to work closely with researchers, designing a study aimed at more clearly understanding women's unfiltered thoughts around money. The overall goal of the study was to explore the topic of money in a way that hasn't been done — diving deeper than often-reported topics of spending power, decision making, and financial education. As a result, Visa has uncovered women's true feelings around the subject of money, and some of their key findings are incredibly telling.

Image credit: Han Burton/Bustle

Read more

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

Leading VC Firm Hires First Woman General Partner to Invest in Crypto

Venture capital firm Andreessen Horowitz is starting a $300 million fund in crypto and blockchain—headed by Katie Haun, the company’s first woman general partner.

Haun is a former prosecutor with the US Department of Justice, and will lead the effort with investor, entrepreneur, and Andreessen Horowitz general partner Chris Dixon, a longtime crypto enthusiast.

The firm plans to invest in companies at all stages to spread out the investment, and will bet on blockchain; counting on its rising popularity for a long-term investment. The firm has funded big hitters like leading bitcoin exchange Coinase, and is now focusing more on foundation-layer protocols. They have been investing in blockchain since 2013.

Haun is excited to invest in applications that help people manage their personal data, aiming to “give power back to individuals.”

Click through to read more about Haun and the firm’s plans to invest in crypto and blockchain.

By Melia Robinson

As the price of bitcoin slips to a 2018 low, top Silicon Valley venture firm Andreessen Horowitz shows it's not backing down with the launch of a $300 million venture fund, called a16z crypto, which will invest in cryptocurrency companies and protocols.

Leading the effort alongside partner and crypto fanatic Chris Dixon is Katie Haun, a former prosecutor who helped bring down corrupt agents on the Silk Road task force, as well as the head of BTC-E, a digital currency exchange popular with criminals.

Haun is the first-ever female general partner at Andreessen Horowitz.

The new crypto fund will invest in companies and protocols at all stages, from seed-stage pre-launch projects to fully developed later-stage networks like bitcoin and Ethereum. The firm said it plans to hold investments for over 10 years, which means it cares a lot less about the day-to-day fluctuations in price than about building long-term platforms and infrastructure that it hopes will serve billions of people someday.

The plan is to invest consistently over time, even in the event of another "crypto winter." Bitcoin fell below $6,000 on Sunday, reaching a new low for the year.

"We've been investing in crypto assets for five-plus years. We've never sold any of those investments, and don't plan to anytime soon," Dixon said in a statement.

Image credit: Andreessen Horowitz

Read more

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

Study: Women Are Now Leading the Market for Crypto Investment

A recent study by the London Block Exchange suggest that women are catching up to their male counterparts in the crypto world. With the number of women willing to invest doubling in the last six months, a concentration in growth among millennials, and women displaying advantageous tendencies such as an inclination toward collaboration, it's clear that cryptocurrency is not just a men's game.

In some areas women tend to fare markedly better: The study notes that women are 50 percent less likely to suffer from the "fear of missing out" that can fuel more rash investment decisions.

Click through to read more about the study from London-based business paper City A.M., and keep following us as we track the rise of women cryptocurrency investors.

By Nick Chong

New research shows that the number of women considering to invest in cryptocurrencies has doubled in the last six months.

Although demand among men is starting to level out, one in eight women, almost 13 percent, would potentially invest in the digital currencies compared to six percent at the end of last year.

The market research was carried out by London Block Exchange and it found that especially within the millennial generation, cryptos have gained popularity, with one in five female millennials wanting to invest.

Agnes de Roeyer, senior business analyst at London Block Exchange, said: “There’s still a common misconception that cryptocurrency is a game for men, but we’ve seen hundreds of women sign up for our exchange in the last few months and some of the most inspiring and knowledgeable investors, leading the way in the industry are female.”

Image credit: Getty

Read more

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

 

Melinda Gates Says VC Firms Are ‘Leaving Money on the Table’ by Not Investing in Women-Led Businesses

Melinda Gates spoke to Fortune this week about her entrance into the world of venture capital—and why investing in women-led and minority-focused venture firms is not only the right thing to do ethically, but the smart move financially. This summary by GeekWire focuses on Gates’ dedication to investing in the future and in opportunities—for women, minorities, and investors. Click through to read the full GeekWire article, and find the Fortune interview here.

By Taylor Soper

Traditional venture capital firms are missing out on returns by overlooking women-led startups.

That’s according to Melinda Gates, who spoke to Fortune this week about why she’s investing in women and minority-led businesses.

Gates, co-chair of The Bill & Melinda Gates Foundation and founder of Seattle-based investment firm Pivotal Ventures, is putting money behind various funds like Aspect Ventures and Female Founders Fund that index for women and minority entrepreneurs. She told Fortune that big, longstanding VC firms are “leaving money on the table.”

“If they’re not seeing the latest innovative, disruptive technology because they don’t understand it or they don’t understand some things that women are spending money on, I think they’re not making great investments,” she said. “They’ll start to wake up over time, and there are some opportunities there.”

 

I can’t wait to see how a more diverse group of entrepreneurs will shape tomorrow’s innovations—from the products we build to the problems we decide to tackle. Thanks to @polina_marinova and @FortuneMagazine for a great conversation. https://t.co/ki9fGOzSeQ

— Melinda Gates (@melindagates) May 30, 2018

Gates, a long-time champion of creating opportunities for women and minorities in technology, vouched for more women on company boards. She also hopes  investors hold their portfolio companies accountable for prioritizing “diversity, the right values, and the right behavior.” You can read the full Fortune interview here.

Image credit: GeekWire Photo / Kevin Lisota

Read more

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

Gender-Lens Investing ‘Is Coming Into Its Own’

Gender-lens investing—investing while also considering how to make one's investments beneficial to women and instrumental in lifting up women's economic power, access, and influence—came into prominence almost a decade ago. Still, the approach has spiked in popularity in recent months, interest piqued by developments such as the #MeToo movement and an increased focus on gender equality, especially in the financial and technology sectors.

Financial Planning interviewed wealth manager Luisamarie Ruiz Carlile about the nascent investing approach, as well as her thoughts on gender-lens investing's moment in society right now as investors consider gender inequality as well as other social and environmental returns on their investments, while helping to promote and support women in finance, business, education, and other areas.

By Chelsea Emery

Financial advisers are finding more options for clients who want to invest in funds that support women and girls.

“Gender-lens investing began percolating about nine years ago, and has been really growing and developing,” said Luisamarie Ruiz Carlile, a senior wealth manager with Veris Wealth Partners in New York. “It’s coming into its own, with women’s marches, more women running for office and the #MeToo movement.”

This investment strategy — which is part of a broader category known as impact investing— uses capital to support gender equality in a variety of ways. Some funds invest in companies that promote women into leadership roles, or companies that provide products or services for women and girls. Funds also sometimes focus on increasing access to capital for female entrepreneurs.

Read more

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and get exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!

7 Things You Should Know About Your Average Crypto Investor

With the emerging industry of cryptocurrencies becoming accessible to more and more investors, Bitcoin Exchange Guide outlines seven facts about the “average crypto investor”—highlighting the self-perception, place of residence, and average education common among crypto participants; crypto usage, holdings, and preference among Millennials and others—and the gender balance in the crypto world, at least for now. The guide notes that some women are starting to “buck the trend” even though men dominate the space now. Click through to learn more about the crypto market, and keep joining us as we support women women entering and thriving in cryptocurrency.

The cryptocurrency market appreciated more than 1,200 percent in 2017. That’s a pretty impressive growth spurt. As Bitcoin was thrust into the public eye, interest in cryptocurrencies around the world began to pique.

More and more people started researching ICOs and cryptocurrencies, looking for quick financial gains–and realizing they didn’t need a high net worth to take part.

Democratizing the world of investments, in fact, sets cryptocurrency apart from traditional markets, allowing anyone to get in on the action.

Besides the major players and institutional investors pouring millions into tokens, ordinary people want to make the most out of their savings as well.

And as the number of users continues to rise, knowing more about your average crypto investor is vital and can reveal a lot about your market.

7 Things To Know About Your Average Crypto Investor

So here are a few things you should know about cryptocurrency investors in 2018:

1. Users See Themselves As Investors

Most people who place their money (and faith) in cryptocurrencies and ICOs consider themselves investors. Only about 10% of the people we interviewed declared that they were miners, business owners, freelancers, or service providers.

It may not seem like an important distinction, but this simple terminology backs a rising trend we’re seeing, wherein participants view cryptocurrencies as a long-term investment (rather than a “get rich quick” mechanism).

Read more

Want to receive early-bird invitations to our global events, custom-tailored content we think you'll love, and get exclusive access to "The World Women Report"?

Join Us by Subscribing NOW!