More founders are taking the time to publicly acknowledge their failure. What’s behind the trend and is it a good thing?
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: