Aug
27

RIP Muriel Siebert / Women For Change

My first job was as an investment banker. Yes, I wore banker blue Brooks Brothers suits for 2 years (Shhhh, don’t tell anyone;). This was longer ago than I’d like to admit. There were few women in finance, but the numbers seemed to be growing. Back then, there were a select handful of Wall Street women at the forefront, in senior roles paving the way for the rest of us. Muriel Siebert, who passed away at age 84 yesterday, was one of the few, and she was truly a pioneer. She was the first woman to hold a seat on the New York Stock Exchange, having been admitted in 1963. I had the pleasure of meeting her once. She was whipsmart and a force for change and good.

muriel

Unfortunately, change in the finance industry has happened much slower than either Muriel, myself or womankind would like or expect. Rachel Sklar wrote an amazing piece on this yesterday that inspired me to share my own thoughts here. Rachel’s piece included the below Siebert quote:

“Firms are doing what they have to do, legally,” she said. “But women are coming into Wall Street in large numbers — and they still are not making partner and are not getting into the positions that lead to the executive suites. There’s still an old-boy network. You just have to keep fighting.”

Muriel said this in 1992, nearly 30 years after securing her NYSE seat. I feel like this quote could have just as easily come out of my mouth in 1999. And I, sadly, have the feeling that some form of this quote is still being uttered by women up and down Wall Street today.

So what’s going on here? Where is the change? Where is the acceptance/acknowledgement that women, who are graduating college at higher rates than men, are more than qualified to make it to the senior ranks? And, of course, that women are worthy of, and deserve, equal pay. It turns out that change, on a societal scale, happens slowly. This is not just evidenced by gender issues, but also that of race and sexual preference.

It is sad, but true, that women in finance (and tech and government and lots of other industries) often have to work twice as hard as men, and still don’t achieve the same title/responsibility/pay. It is also sad, but true, that when women write about it, men often quip that we are having a pity party (as evidenced by several ridiculous comments by men that appear below Rachel’s article). But, as Muriel stated, “we must keep fighting.” Be a “Doer”, as actions speak louder than words. Take charge, push through the bullshit, and become whatever your version of Muriel Siebert or Hillary Clinton or Marissa Mayer looks like.

This is why I am 110% in support of Sheryl Sandberg’s “Lean In” initiative. I don’t agree with everything Sheryl says or writes, but I am in full support of a resurgence of the Feminist Movement. And for those of you that don’t like the word Feminist, call it whatever you want. The word is less important than the belief and the action and the coming together of women to help and support each other and our own cause. Ladies, lets keep fighting to be the change we wish to see in our industries – and the world.

Learn more about Muriel Siebert here.
Read Rachel’s post here.

Aug
25

The One Book Every Entrpreneur MUST Own

Business Model Generation is the book I refer to as “The Entrepreneur’s Bible”. I have one at home and one at work. If you don’t have this book, buy it HERE NOW. Along with a terrific Website, the brilliant BMG folks have recently released a new “toolbox” called The Strategyzer that helps you build a better business model. Check it out HERE. Trust me, you will thank me later for this tip;)

BMG

Aug
24

Team Marissa

In case you have been living under a rock (or perhaps you’re on vacation? which likely means you do not work for a startup;), I wanted to update you on one of the week’s most infuriating trending stories. Marissa Mayer is featured in this month’s Vogue, which I (and most women) thought was terrific. Unfortunately, despite it being her first lengthy interview since taking the helm of Yahoo!, one in which she talks about her successes in a male-dominated tech world, the accompanying photo (shown below) was all most folks were talking about.

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This photo generated tons of negative commentary. Really? Because a female CEO can’t like fashion – or be fashionable? Or is it because she is a tech CEO, so posing in Vogue is not appropriate? Or is it because a woman leader should always look serious so she can be taken seriously? RIDICULOUS. I could go on a long rant here, but instead I’ll provide a photo of a brilliant, wildly successful male CEO. I am quite sure this photo did not get half the negative air coverage that Marissa’s did.

AUSTRALIA-MALAYSIA-BRITAIN-AIRASIA-AUTO-PRIX-BRANSON

This month Yahoo! surpassed Google with regards to monthly uniques for the first time in years! For those of you cheering on Marissa as much as I am, here is an article about her childhood, her years at Stanford, her time at Google, and her recruitment to become the CEO of Yahoo! http://www.businessinsider.com/marissa-mayer-biography-2013-8#!

Aug
24

Work Hard / Adventure Hard

Well, I disappeared from blogging again. But I am back! I have been busy this past year helping to launch and grow my 6th VC backed startup – a DIY rich-media digital magazine called Glossi. Glossi has been a nice change for me as my last two startups were in the SMB space. Glossi is a Consumer Internet, Digital Publishing and Content Marketing play. My role, per usual, has included a bit of operations, team-building and process implementation, along with a great deal sales, marketing and partnerships. Glossi is my first startup that has truly allowed me to merge my love of starting companies with some of my other passions, specifically Fashion and Entertainment. In the first 6 months of our Beta, DKNY, Brian Atwood, Nina Garcia, Lionsgate, Conde Nast and Heart were among our early adopters. I am truly having a blast with this one!

I have also been busy with some great outdoor adventures. Here are some fun pics:

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Sep
03

Actions Speak Louder Than Words

The topic of the dirth of women in technology has been written about ad nauseum for the past few years.  But that’s a good thing, as bringing the issue to the forefront is finally leading to a good deal of action.  And actions, as we all know, speaks louder than words.

I came across an article on TechCrunch today, entitled “Twitter bets on Girls Who Code,” that literally made my day (and it’s Labor Day so that means a lot!)   Huge props to Reshma Saujani, who founded  the New York-based initiative to help teach girls ages 13-17 how to code so that they can pursue careers in technology and engineering.  The most exciting part is the number of businesses, including Google, GE  and eBay, that are helping to support Girls Who Code.  The big boys are finally stepping up to the plate after acknowledging that women programmers are few and far between, and realizing that they can have an extremely positive impact on their predominantly testosterone tech teams.  Women bring a different perspective and style to the table, and often approach problem analysis, solution discovery, and general communication in ways different than men.  Many studies have proven that teams with a mix of both sexes are often more successful than teams dominated by one sex or the other. Gender diversity, not just ethnic diversity, is important. Period.

Kudos to Twitter for recognizing this.  Twitter is one of GWC’s biggest supporters, having provided both volunteers and financial support to the organization.

GWC

Below are some important stats pulled for the Girls Who Code website:

Today, just 3.6% of Fortune 500 companies are led by women, and less than 10% of venture capital-backed companies have female founders. Yet females use the internet 17% more than their male counterparts and represent the fastest growing demographic online and on mobile, creating more than two-thirds of content on social networking sites. Technology companies with more women on their management teams have a 34% higher return on investment.

The numbers speak for themselves. By 2018, there will be 1.4 million computer science-related job openings, yet U.S. universities are expected to produce enough computer science graduates to fill just 29% of these jobs. And while 57% of bachelor’s degrees are obtained by women, less than 14% of computer science degrees are awarded to women.

Accolades to Girls Who Code for taking action and targeting young women.  I believe making changes at the youth level is key to making progress overall.  I certainly hope to see this organization grow its presence on not just a national scale, but a global one.

This is an exciting time for Women in Tech and Female Founders.  A time where individuals, organizations and businesses are in action mode so that we can start to see the percentages above steadily increase.  Stay tuned for my next post, as I will be creating a list of more folks that are making a significant impact.

 

 

Aug
26

Business Development for Startups – Coloft Academy Workshop

coloft

Last Thursday, I led a workshop on BD for Startups at Coloft as part of their new Coloft Academy initiative. I have spent my career launching and growing businesses, so I was thrilled to be invited to share my learnings with the community.  I had a terrific time and would like to thank all the folks who packed the house to spend 2 hours with me.  I have always loved mentoring young entrepreneurs, and have considered teaching in a more formal way at some point.  I now know that it is something I absolutely want to tackle!

I have received a great deal of positive feedback on the workshop, and lots of requests for my presentation.  Here it is:


Business Development for Startups

Aug
06

Business Development for Startups 101 – Aug 23rd Workshop

I love talking about startups, and I really love talking about all things Business Development.
BD
I am super honored and excited that LA’s Startup Hub, Co-Loft, has invited me to lead a workshop called “Startup BizDev – This is How It’s Done” as part of their new Academy program.  Below is an overview of my August 23rd Workshop:
 

REGISTER HERE!

Are you a Founder and want to earn more about growing your venture via partnerships and alliances? Or are you interested in a job in Business Development at a Tech or Internet company?

We will kick off this session distilling what Business Development actually means at an early stage company, and then we will discuss what it entails as the company grows. We’ll also discuss types of partnerships, as well as provide a framework for evaluating them.

Later, we’ll outline characteristics of a great Business Developer – who you should hire or the skills you need to get hired.

We will conclude the class with a Q&A session.

Specifics include:

  • What are considered Business Development functions at the various stages of a startup
  • Building and growing your company’s ecosystem
  • Types of partnerships
  • Types of deal structures
  • Tips for closing
  • How to evaluate partnerships when resources are limited
  • Potential pitfalls leading to unsuccessful partnerships

I HOPE TO SEE YOU THERE!

Aug
02

“There is a special place in hell for women who don’t help other women.”

A good friend of mine was at a lunch for Women in Business today in NYC.  The following is a quote she texted me from Clinton’s Secretary of State, Madelaine Albright:  “There is a special place in hell for women who don’t help other women.”  AMAZING!

I went into “google” mode on Ms. Albright, and got to remembering and further understanding what a BADASS she is.   Albright is a pioneering woman in politics, on both a national and global scale.  No matter your political views, this woman deserves respect for being at the forefront of women’s issues and rights for decades.  Watch this TED video, “On Being a Woman and a Diplomat”, which is a frank and funny Q&A with Pat Mitchell from the Paley Center.  It’s only 13 minutes – Watch It!

 

Jul
30

Marissa Mayer – “Game On”

I, like most folks, was thrilled to learn that Marissa Mayer was chosen to be the next CEO of Yahoo!  And they chose her knowing she is pregnant. Go Yahoo!   Mayer, only 37,  is the youngest CEO in the Fortune 500. Go Marissa!

If anyone can bring Yahoo! back to prominence, it is Marissa Mayer. She is not only muy inteligente (she is an engineer who holds patents in Artificial Intelligence), she is young, hip, fashionable and feminine . The second half of that sentence may seem silly to point out, and even irrelevant, but it is absolutely NOT.  It is relevant to both  the “what to do with Yahoo!” conversation and the “how do we get more women into technology” discussion.

Let’s start with what to do with Yahoo!

Yahoo! has had 5 CEOs in 5 years.  Holy crap,!!   For years, it  has been a company in turmoil,  struggling with loss of talent and slowed growth.   BUT,  on any given day, Yahoo! has upwards of 20 million article views and, in any give month, 700 million people visit the site.   Though it will be a mighty challenge, the opportunity to reboot Yahoo! is HUGE.  So what should the company do?  I think the answer is to focus on WOMEN.  A nd who better to lead that charge than a pioneering woman in tech like Marissa Mayer?  I had some thoughts about this, and then I came across a spot-on post,  titled “Pink is the New Purple“, by Dave McClure.  Here are some highlights from his post:

“….  what if Marissa used Yahoo as a bully pulpit, to address the needs of a market that is roughly 50% or more of the global internet population? What if Yahoo began acquiring or partnering with properties specifically relevant to women, like Pinterest, ShoeDazzle, Gilt Groupe, BabyCenter, EcoMom, Oprah, ……Martha Stewart (or BritMorin.com),……?”

FashionTech / Fashion 2.0 / Social Commerce (whatever you want to call it) is crushing it right now.  There are tons of new online businesses aimed at girls/women/mothers that are generating a tremendous amount of traffic, revenue and profit.   And if they were not founded by women, they tend to have lots of female employees.  As a whipsmart businesswoman, a self-proclaimed online shop-aholic, and a mommy-to-be, I know Marissa has gotta be all over this.   She has, in fact, angel invested in several of these companies, including OneKingsLane and  Brit Media.  Mayer is the leading “Woman on the Web” right now, and she has a kickass opportunity to partner with kickass businesses for women (that are often by women) and turn Yahoo! into the leading destination for “Women on the Web.”

Now let’s hop from the impact Marissa could have by focusing Yahoo! on women, and discuss the impact she is already having on helping to attract women to the tech industry.

Hardly a day goes by that I don’t come across an article that discusses the lack of women in technology.  Marissa was already a stand-out role model for this cause.  Now, as the youngest CEO in the Fortune 500, she is even more prominent.  And she is definitely not shy about using her status as a platform for encouraging young women to get into technology. Below is one of numerous quotes from Marissa on this topic.

‎”One of the things I care a lot about is helping to… show girls that you can be feminine, you can like the things that girls like, but you can also be really good at technology.”

Marissa Mayer is a hip and fashionable female that young women can relate to.  With women now making up over 50% of undergraduates,  lots of young girls will now look at Marissa and her accomplishments, and be more inclined to study math, science, and programming in pursuit of a powerhouse career in tech.

Go Marissa!

Hopefully Marissa is reading this (ahahahaha!), or, more likely, Dave McClure’s blog.  Ms. Mayer – you are the right woman, at the right time, and the right place to have a powerful impact on women (students, consumers, employees, founders) all over this world.  C’mon sista, you got this!  Us women are watching you eagerly!

 

 

Jul
27

Business Tips (and funny faces?) From Yours Truly

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