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U.S. Innovation Challenge: Applying Tech to Save Lives

By Virgilia K. Singh (Co-Founder, Exhale Health) 12.6 million. No this number doesn’t depict any amount of funding.

12.6 million represents the number of women in the United States who are afflicted by diabetes. That means almost 11% of all women over the age of 20 have diabetes, many times unknowingly.

The Challenge Data, Design, Diabetes is a challenge that combines a human centered approach anchored on key design principles to create new service solutions for people living with diabetes. Individuals are encouraged to apply techniques they have learned either within the health care sector OR outside the health care sector (think automotive, tech, media, etc.) to solving one problem associated with diabetes.

The challenge begins on July 1, 2011 and applications are open until July 31, 2011. Five final teams will participate in a demo day where they will present their advanced ideas. Then using an open panel combined with our judges, two finalists will be selected who will receive an additional $10,000 to develop a one month prototype of their solution to be tested in a real life diabetes community.

The findings and learnings from these prototypes will inform the selection of a final winner who will get an award of $100,000 along with space at the Rock Health incubator in San Francisco to turn their prototype in to a full real solution for people living with diabetes.

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Android Development with Limited Resources

By Jean Hsu (Android Developer, Pulse) Mobile has opened a lot of opportunities for many people. It's hard to imagine that just a few years ago, there was no AppStore or Android Market for app distribution and monetization. As with any platform that experiences a surge in popularity, there is an initial gold rush with a handful (or a few handfuls) of get-rich-quick stories.

Once larger companies -- very well-funded or profitable companies -- start to enter in the market, how can individual developers or small companies remain competitive on limited resources? As an Android developer at a small startup, and before that an independent developer, I've compiled some general tips on how you can make the most of what you have.

So Many Devices!

With over 300 Android devices, you won't be able to test on each device individually with a limited budget. Follow general best practices for developing for multiple screen sizes. The emulator can help with testing on different resolutions and screen sizes, but manufacturer-specific and device-specific issues come up.

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Partner event: O’Reilly OSCON (July 25-29)

Register now for OSCON 2011, happening July 25-29, 2011, at the Oregon Convention Center in Portland. For 13 years, OSCON, the O’Reilly Open Source Convention, has put open source to work building the future. Women 2.0 members save 15% with discount code "os11wmn" when you register here.

OSCON’s program encompasses 20 tracks to explore all things open source. New tracks have been added to OSCON this year, including Citizen Science, Geek Lifestyle, Open Data, Programming, and Emerging Languages, while Healthcare returns for its second year.

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9 Startup Lessons Learned From a Serial Entrepreneur

By Stella Huh (Founder, SecondLeap) When I started on the entrepreneurial journey over two years ago, I had this naive notion that I could do everything on my own and that I needed to keep my ideas a secret.

Three websites and a startup incubator program later, I learned some lessons I wish I knew at the beginning as an entrepreneur.

9 Lessons I Learned About Starting a Startup Lesson #1: An idea is worth nothing.

A company consists of many moving parts at any point in time -- an idea is simply a starting point. Given an idea, it snowballs into many different ones and you can go in a 100 different direction. The outcome depends on many variables, akin to what makes predicting the weather an inexact science. Imagine you have an idea for a building -- the HOW, WHERE, and the CONTEXT are much more important than the WHAT. It's very easy to have ideas -- you can have a 100 ideas a week.

There are almost seven billion people in the world. The chance that your idea is original is virtually zero.

This is why an investor will never fund a startup simply based on an idea, but examine other factors such as the team (ability to execute), the competition, and early traction.

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Women Angel Investors: 5 Tips on Getting Started

By Marya Stark (Co-Founder & Board Chair, Emerge America) Women entrepreneurs get approximately 15% of angel investments and also represent 15% of angels. Likewise, women entrepeneurs receive 6-10% of venture investments and represent 7% of venture capital investors. Guess what? We need more women investors.

Last fall, I decided to explore angel investing because I love ideas that are scalable and I wanted to invest in early stage companies. I told a few people and was surprised at how quickly the introductions to entrepreneurs started flowing in. This is one of the advantages of living in the San Francisco area, which has an incredibly energetic and welcoming angel ecosystem. Just do it.

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Save 60% on Upstart Bootcamp’s Course on Building a 15-Slide Pitch Deck

By Jenn Houser (Founder, Upstart Bootcamp) If you want to build a business, you need a business plan to help you think through all the angles of your business, and share your ideas in a clear, compelling way.

We talked to 100 leading venture capitalists, angel investors and entrepreneurs to find what is most important in a business plan. They agreed that whether you’re bootstrapping your company or looking to raise money, you should have a plan that covers the 15 key topics essential to any business.

But this isn’t your father’s 40-page business plan -– It’s a 15-slide Powerpoint “deck” that you use to talk to investors, employees, partners and more about your business.

Women 2.0 members save 60% on the "Create A Business Plan" course - Deal ends Thursday, July 7.

Too busy to start right now? Don’t worry – just sign up to get the great price and access to the approach praised by the likes of TechStars, Harvard Business School and Kleiner Perkins. You can use the course any time you’d like!

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Roundup: Python Outreach Workshops for Women

By Karen Zeller (Contributing Writer, Women 2.0) Spring was a busy time for new initiatives introducing women to programming languages and frameworks.

Inspired by workshops and outreach efforts being made in other programming languages and web development technologies, such as Ruby and Ruby on Rails, these three Python workshops took place in May with their organizers planning more this the summer.

Python Programming Workshops for Women PyLadies, a women’s Python developer club and advocacy group, held a beginners’ workshop on May 15, 2011 at Los Angeles public radio station KPCC.

The event’s organizers, seven women from the local Python meetups including Esther Nam, Christine Cheung, and Audrey Roy, worked equally hard to put together materials and recruit attendees. The workshop was unique in that 34 out of 37 instructors and participants were female. At the end, seven lightning talks about Python were given, entirely by women.

In June, PyLadies held a Python hackathon with 55 participants in Hollywood and 30 attending remotely from as far as Poland. Attendees who open-sourced their code or submitted patches to FOSS projects received t-shirts.

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Partner event: Vator Venture Shift on July 20

On the evening of July 20, Vator and Bullpen will be hosting the inaugural Venture Shift event at Cafe du Nord in San Francisco, gathering top VCs and angels to explore what is happening in the seed to later stages. Discussions will include the startup-formation process, exit dynamics, and the strategies that create the best companies. Women 2.0 members save 15% on tickets with discount code “women15”.

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SEOmoz: Building a Product, Company Around Massive SEO Community

By Gillian Muessig (Co-Founder & President, SEOmoz) I began my company in 1982 and raised three children under my desk. The youngest will tell you the color of the blanket on which he napped under that desk, so I'm being literal here. I set up shop as a marketing and graphic design consultant (read: glorified unemployed). I was determined to raise the children myself, rather than farm them out to daycare and nannies, so I set ground rules for my business activities that naturally hampered the growth and prosperity of the company. I knew what I was trading off, but I set up the company entity and took in jobs as I was able. I just got on with it.

Regardless of what hampers your ability to get into business today, just do it. Form your corporation, set up the paperwork and begin. The longer you wait, the more easily your dream of building a company will slip from your fingers.

Fire Your Lowest Value Customers

Because I was consulting, often with an infant in one arm and a briefcase in the other, I took on only those clients who were comfortable with that scenario and I often made price concessions to accommodate the unusual arrangement. As the children grew, so did the company. And with the growth of a real company, the price I charged needed to grow as well. If you're starting out as a consultant or do any consulting as part of your business, fire your 4 lowest performing clients every year. If you're selling products or services on a more scalable basis, still look at your lowest performing customers and consider how to either make them more profitable or fire them and focus on the highly profitable groups. You cannot be all things to all people. Focus.

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Why Are Women Venture Funded Less than Men?

By Pemo Theodore (Founder, EZebis) I spent 5 years in London trying to raise funding for my online matchmaking business, and in the end had to admit failure. Very early on in that journey, I had committed to help women source venture when I was successful. As it turns out, I have been doing just that for the last year -- not because I was successful but because I failed.

I have been video interviewing venture capitalists, angel investors and women founders on the shortfall in funding for women. My goal has been to listen to as many people as I could from both sides of the table, so I could hopefully determine where all these conversations intersected.

The Unequal Landscape

The financial industry was created by men and it has been revealed over the last few years that they didn’t do such a great job with that. Women still are not generally paid as high as men. Despite growth, the average revenues of the majority of women-owned businesses were still only 27% of the average of majority men-owned businesses.

The statistics for women entrepreneurs achieving funding are very low: 3-5% get venture funded, less than 10% even if you expand that to include the entire team and any of the co-founders. Around 16% women achieve angel capital, according to a whitepaper by Illuminate Ventures. Data shows that the percentage of dollars going into women led companies have actually declined by about 30% over the last 10 years. Is there a bias at work in the culture that keeps women disadvantaged as regards finance?

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