female founders

All Raise Female VCs Team Up With Female Founders Across the U.S. to Pay It Forward

Female Founders Office Hours, a new group of leading women venture capitalists who reach out to help women with mentoring sessions between investors and founders, recently launched All Raise, a nonprofit organization geared toward connecting women investors and entrepreneurs to one another. Now the initiative is taking the next step, connecting with over a hundred women founders throughout the United States to help foster connections between women in the tech industry. Read more and click through to learn about the organization; mentoring sessions; the value of confidence and role models are for women in the field; and the importance of intentionally formed networks of mutually supportive, professional women—all dedicated to helping one another succeed.

By Bérénice Magistretti

A few months ago, a group of powerhouse female VCs came together to create Female Founders Office Hours, which provides one-on-one mentoring sessions between female investors and female founders. Last week, the group announced the official launch of All Raise, a nonprofit that aims to help women in venture capital and entrepreneurship connect and support one another. All Raise is now blazing full steam ahead and announced today that it has joined forces with more than 120 venture-backed female founders across the country to address an alarming issue in tech: the isolation women in the industry feel.

The All Raise movement is spearheaded by Cowboy Ventures’ Aileen Lee, who was joined by more than 30 other female VCs, including Forerunner Ventures’ Kirsten Green, Spark Capital’s Megan Quinn, and Sequoia Capital’s Jess Lee. Since launching the first Female Founders Office Hours in November, the group says it has received over 1,500 applications for one-on-one mentoring sessions across five events in San Francisco, New York City, Los Angeles, and Boston. So far, the group has held over 200 meetings.

Now, to expand the initiative even further, an influential group of female founders from all stages and sectors is joining All Raise to pay it forward. Mentors include Stitch Fix’s Katrina Lake, Glossier’s Emily Weiss, Houzz’s Adi Tatarko, two of the Coffee Meets Bagel cofounders, Afton Vechery of Modern Fertility, and Felicia Curcuru of Binti, who before becoming a founder worked on the investor side at FundersClub.

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Image Credit: Sequoia Capital

Female founders bring much more than diversity to startups

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SheThePeople, a video and digital platform dedicated to women in leadership, lays out five reasons diversity and gender equality isn't just fair in business--it's beneficial. Women and men alike can buck trends, but with statistics backing up some very real advantages among women-led startups, it's worth embracing female founders no matter how you look at it.

shethepeople.tv - The gender biases of the startup community are long-standing topics of debate but this piece is focusing on really why women make the startup community more relevant and how they matter to growth.

Diversity in founders is imperative for the ecosystem. Women founders bring elements different from male ones and often those inputs can go a mile more in determining the longevity of the enterprise. Investors are missing out by not investing in startups led by women. This is a really big problem, folks, and it’s one that we have the ability to change.

Higher return on investment: Women-led tech companies in the US achieve 35 percent higher return on investment, and, when venture-backed, bring in 12 percent more revenue than male-owned tech companies as per a survey by Kauffman Foundation. In India the number of women startup owners have increased over the year 2015 in a big way. “Now, women are more into technology than in the previous years. Digital media has also empowered them a lot more to come into entrepreneurship,” shared Swati Bhargava, co-founder of coupons website CashKaro.com at the Digital Women Awards.

Women tend to empathize more. They listen and understand. Women have a brilliant way of understanding the consumer pysche and reflect with an intuitive sense.

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These Founders Are Living Their Mission to Empower Women

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mydomaine.com - MYDOMAINE: How did you meet and come up with the idea for Above the Glass?

HEATHER SERDEN: We met probably between the fifth and seventh grade. So Above the Glass was something I was working on, and I needed someone to help execute the editorial site. My background is in finance, and Danielle is a small-business owner with an editorial background.

DANIELLE YADEGAR: I was a fashion editor at Cosmopolitan. And then I started my own (jewelry) business.

HS: I wasn’t sitting there thinking I want to start a business. I actually met Katherine Power in 2011 when [Who What Wear was] thinking about taking on institutional investment. The COO at the time learned that I could do financial modeling, so she hired me to build a story with numbers to present to potential investors. There was a huge learning curve. I learned so much about digital businesses. And then I did the same thing with a few other businesses on a consulting basis and for my master’s thesis. I realized that there was a lot of uncertainty or fear around the business and financial aspects of starting up. I had the knowledge and the background to help these female founders. Then I had this experience. I was in the workplace and didn’t really believe sexism was real. I thought the playing field was level. But when you get older, employers start looking at you differently. They think, “Oh this person is on the mommy track.” And I was like, wait a minute, I need to go do my own thing. I know how to do it. There are a bunch of women who don’t know how to do it, so that’s going to be my business.

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