When I first started out in business the lines were pretty clearly drawn: if you wanted to make money, you joined the corporate world or followed your entrepreneurial vision. If you were a do-gooder, you gravitated to the non-profit sector. When I founded a global economic development company back in 1999, a for-profit social enterprise, I felt like I was almost alone out there.
When Linnea Roberts retired in 2016 from Goldman Sachs, where she'd been a managing director, she didn't intend to become a startup investor. At a dinner the next summer, she met Bertha González Nieves, co-founder of tequila company Casa Dragones, and was surprised to learn González Nieves had no female backers. Roberts promised to find her 10 great female investors. "
Some of the best companies are born during tough economic times. Walt Disney incorporated in 1929 just as the Great Depression hit. Microsoft set up shop during the recession of 1975. Networking giant Cisco Systems started in the doldrums of the mid-80s. Similarly, Kim Malek opened Salt & Straw, her "farm-to-cone" ice cream company, in 2011 as the American economy limped out of the Great Recession.
Black founders, particularly women, are making big strides. Over the past five years, businesses owned by black women grew by 50 percent, according to the American Express 2019 State of Women-Owned Businesses report.
There's been a lot of talk these past years about the need to have more women in leadership roles, yet progress is slow. Why is that? I believe it is in part because we haven't gotten to the source of what's really getting in the way: our inherited bias. And I'm not just talking about the perception of women in the workforce, but the one we women
"It is harder for women to raise money. It just is, and it pisses me off," top angel investor Joanne Wilson has written on her blog. The numbers back her up. Even with record-breaking amounts of capital being invested in startups, just 2.2 percent of that money goes to companies led by a woman.