More founders are taking the time to publicly acknowledge their failure. What’s behind the trend and is it a good thing?
Tag Archive: Cindy Padnos
Illuminate Ventures announces a $20 million fund to continue investing in early-stage cloud startups during what founder Cindy Padnos calls the “golden age of enterprise investing.”
The more money you raise the greater the chance of your startup being successful, right? Nope, says VC Cindy Padnos, who warns that too much funding can actually be bad for your fledgling business.
“Most venture capital investors assess a founder… ‘are they able to attract the best people, surround themselves with the most talented individuals, are they willing to be challenged by other people…”
By Sarah Cone (Venture Associate, Illuminate Ventures)
Cindy Padnos is the Founder and Managing Partner of Illuminate Ventures, a Micro VC fund focused on early-stage cloud enterprise. As an investor, Cindy brings wealth of operating experience to the table being a 3x successful serial entrepreneur with one IPO and two M&A exits.
“Every person is defined by the communities she belongs to.”
– Orson Scott Card
By Avary Kent (CEO, The Happiness Institute)
While finishing her degree at Stanford University, Dr. Mary Murphy studied social identity threat, an interesting behavior that occurs when we sense we are in the minority – we act out our internal stereotypes. Our heart rate increases, we sweat more, the beginning of flight-or-fight kicks in. Research has shown this to be particularly relevant with women entrepreneurs.
Few women have joined or founded startups and gained the kind of experience that enables their careers to explode like Marissa Mayer’s. Here are recommendations on accelerating the pace of women in high-tech.
By Jack Hidary & Cindy Padnos (Contributors, Fortune)
The announcement Monday that Yahoo! selected Marissa Mayer as its new chief is a great signal for Silicon Valley. Marissa joined Google as its 20th employee back in 1999 when it was a fledgling company and had an uncertain future. Historically, few women joined or founded startups and gained the kind of experience that enabled Marissa Mayer and Sheryl Sandberg of Facebook to rise to their positions of responsibility. Yet, we are now seeing some positive signs.
Across the US, we are seeing more and more tech startups co-founded or run by women. These include: Silver Tail, One King’s
By Jack D. Hidary (Co-Founder, Dice)
A recent article in San Francisco Magazine highlights a new crop of women-led startups in the Bay Area.
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.
By Eric Markowitz (Contributing Writer, Inc.)
Is your startup starting to feel like a frat house? New research suggests that having more women at your company, and increasing diversity in general, can improve your chances of success.
“I thought I saw a growing disparity between the growth in the number of venture-backable women, and the actual dollars that were going into companies that had women on the founding team,” Cindy Padnos says. “And I was confused by that.”
To address her hypothesis, Padnos, along with
By Angie Chang (Co-Founder & Editor-in-Chief, Women 2.0)
Last week, Pemo Theodore interviewed 500 Startups Dave McClure along with several women co-founders in his portfolio: Prerna Gupta (CEO, khu.sh), Elizabeth Yin and Jennifer Chin (Co-Founders, LaunchBit).
“Women founders or co-founders are probably 20-25% of the [500 Startups] portfolio. I think there is probably some bias in investing in what we know and VCs tend to be white males from finance or MBA backgrounds who invest in white males from finance or MBA backgrounds… You invest in things that you know. So for me, I grew up around my mom who was an entrepreneur and other people… and as we’ve got experience as women as founders and CEOs, we’ve gotten more comfortable with that…”
“I do look for [women founders] now because it’s an advantage. My intent is to corner the market on awesome smart women founders because there are plenty of them out and if there is any bias whatsoever, we’d like to selfishly take advantage of that,” — Dave McClure, 500 Startups.
Watch the whole interview with Dave McClure and some female founders in the 500 Startup portfolio:
By Wendy Tan White (Founder & CEO, Moonfruit)
It’s been a great 12 months for our business, taking a $2.25M Series A round from Stephens(US) for international growth, backing from Silicon Valley-based 500 Startups, relaunching Moonfruit to focus on SMB’s who expect better DIY design tools to build better designed websites, record revenues and the Everywoman Entrepreneur of the Year award. There has never been a better time to be a women entrepreneur, get out there and set up your own business!
Women-led firms are the fastest growing sector of new venture creation in the US. The trend is international, in Brazil there are more female than male entrepreneurs and China has created half of the female billionaire entrepreneurs globally a direct result of women’s economic empowerment. I believe there is also growth opportunity for women in the UK. As business owners, women in the UK still have a lot of ground to make up on our American cousins.
Recent statistics have shown that if the UK had the same level of female entrepreneurship as the US, there would be approximately 600,000 extra women-owned businesses, contributing an estimated additional £42 billion to the economy. To put it into perspective, with businesses started by men in the UK too, an extra 150,000 start-ups would be created per year if women were to meet their number of businesses started.
By Angie Chang and Shaherose Charania (Co-Founders, Women 2.0)
This week, former eBay CEO Meg Whitman joined Kleiner Perkins Caufield & Byers. That’s good news because a venture capital team with a woman invests in more female-founded startups than venture capital teams without a woman as partner.
Here are 5 female angels and investors to watch this year:
Ann Miura-Ko — “There aren’t as many female entrepreneurs playing the game, so you don’t see them as often. People ask me, Are there really awesome female entrepreneurs out there? Yes we have a ton of them in our portfolio.”1 Follow her on Twitter at @annimaniac.
Christina Brodbeck — “Wishful thinking and arguing about female founders, entrepreneurs or gender roles is overriding recognition of the powerful role that the female consumer is already playing in technology.”2 Follow her on Twitter at @jellyfishbloom.
Cindy Padnos — “I strongly recommend entrepreneurs interview, screen and reference their investors in the same way investors are doing with them. Call not just the entrepreneurs whose boards they currently sit on, but those who failed.”3 Follow her on Twitter at @IlluminateVC.
Jenny Fielding — “Entrepreneur, investor, lawyer, tech geek, yogi, global nomad…”4 Since the sale of her VoIP company, Jenny provides advisory services to early stage emerging growth technology companies, focusing on business development, strategic partnerships and strategy.
Marya Stark — “These ideas made me think about the wide world of products and services that have not yet been dreamed up because women aren’t around to have their unique ‘a-ha’ moments. Times are a-changing.”5 Follow her on Twitter at @maryastark.
Female entrepreneur looking for seed funding? Apply to join us at April 2011’s Women 2.0 Angel Investor & Entrepreneur Roundtable – deadline to apply is Sunday, April 3.