Center for Venture Research
The founders of True & Co. put lacy thongs in the swag bags at a mostly male tech conference; their eyebrow-raising approach to launching caught the eye of a few women investors. Is this what it takes to fund women-led ventures?
By Lydia Dishman (Contributor, Fast Company)
On the first day of the D10 conference last week, the (mostly male) attendees dipped into their swag bags and pulled out lacy, yellow thongs. The panty placement was a bold move to bring attention to True & Co., a lingerie e-tailer launching at the conference. But founders Michelle Lam and Aarthi Ramamurthy were placing even ballsier bets on their bra business.
Though its story sounds cut and dried, True & Co.’s experience snagging early stage funding is not all that common for women-owned startups. A report from the Center for Venture Research at the University of New Hampshire found that women-owned ventures account for 12% of entrepreneurs seeking angel capital.
By Jessica Naziri (Reporter, CNBC)
When Alexa von Tobel found herself frustrated with the lack of personal finance resources and tools available to her, she took a leave of absence from Harvard Business School in 2008 to pursue her dream of creating a way for women to gain control of their finances.