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.”
Tag Archive: Illuminate Ventures
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.
By Joshua Henderson (Director of Programming, Springboard Enterprises)
There are incredible things happening in the startup world for women entrepreneurs.
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)
We talk to Managing Director Stephanie Hanbury-Brown of Golden Seeds, a nationwide angel network.
Women 2.0: What is your reaction to the latest news about women entrepreneurs and investors?
Stephanie Hanbury-Brown: Women get described as consumers and managing 80 percent of the household wallet. We need to turn that around and make it about investing, not spending. After all, who are we making rich in the process?
By Shaherose Charania (Co-Founder & CEO, Women 2.0)
Today, 85 Broads launched a global media campaign called It’s Women to encourage companies, VC’s, super angels, and high net worth investors to dramatically increase their investment in startups founded by women entrepreneurs.
On October 19, 2004, 85 Broads staged a one-day “Buycott” as a symbolic gesture to encourage Fortune 500 companies to pay greater attention to the enormous purchasing power of women. Business Week covered the Buycott and Trendsight summed up our impact!
Cracking The Glass Ceiling: Female Leaders Alexa Andrzejewski, Shaherose Charania and Julia Hu Making Strides at Start-Ups
By Emily Glazer (Writer, Wall Street Journal)
Women represent just over 15% of angel investors, and only 5% to 7% of partners at high-tech VC investor firms in the U.S., according to a recent study by Illuminate Ventures, an early-stage venture firm.
In August 2009, designer Alexa Andrzejewski, who focuses on product strategy, research and design, attended
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.