There are over8 million women-owned businesses in the US, 30% attract less than 5% in equity. They employ over 7 million people, and Arizona, Nevada, Wyoming and North Dakota are the top states for women to be business owners and having between 5-10 employees is where the most pick-up for women and growth begins.
Today’s Dot Complicated with Randi Zuckerberg discussed women in business by women in business. Rachel Sklar founder of The Li.st and Change the Ratio and Christina Wallace founder of BridgeUp: STEM at New York’s Museum of Natural History discussed the facts:
Google Glass’ last day on the market:
“Dislike. Google Glass had an incredible number of hands-free needs. Especially women who have just given birth.” —Rachel
“Women were roundly ignored by Google and by the press. It’s a missed opportunity.”
“I wonder what kind of helpful feedback they got and what they’ll do with it.”
“Like. It was super creepy to be around a bunch of people wearing them. This version wasn’t a great integration in our lives.”—Christina
“We are surreptitiously recorded without our knowledge all the time.”
MySpace reported 50 million unique visitors in November 2014 so people could post photos for Throwback Thursday #TBT:
“It makes me want to go log in.”—Christina
“The fact we can look back on different eras, but I prefer to go back to Friendster.”—Rachel
“I love TimeHop but there needs to be a way to bring up photos without reliving a breakup.”—Christina
“When escalators fail you have stairs. When you have a system that fails, where’s the redundancy there to ensure we’re backed up?”—Christina
Q: “Can people today memorize a ten digit phone number?”
A: “I can call Bonnie Scott from the 4th grade. I remember her number.”—Rachel
“How do you make the argument to memorize anything when it can all be Googled?”—Christina
Rachel’s Quotes:
“Raising $25k in one day with DonorsChoose campaign was done after the grand jury verdict in Ferguson. People were feeling powerless.”
“From my innate feeling of “that’s not fair” and carried on through law school so I constantly had a sense of gender-based “that’s not fair.”
“In covering the Hillary Clinton campaign in 2008 had a lot of “that’s not fair” media bias.”
“The Li.st was started by a list serve from Change the Ratio–practical discussions of practical business needs.”
“When you’re talking about the reasons to start a startup, business needs, knowing the market, etc. I realized that this is what I should be doing.”
“It’s difficult to start something and go in all on your own. It’s having the right kind of partner that makes a difference.”
“Entrepreneurs evolve. Particularly with women who’ve been working on projects their whole life.”
“Who has access to powerful people’s gate keepers? The Li.st is essentially the Old Boy’s Network but for women. Who aren’t old.”
Christina’s Quotes:
“It’s rare to find a museum who wanted to have an entrepreneur come in like a startup and have a hack-a-thon.”
“Half of our hackers were women. We asked why and they said I always wanted to try a hack-a-thon and it doesn’t seem as bro-y as others.”
“The girls who like STEM are the well-rounded girls. They like a lot of things but they need to figure out what they want to do.”
“Don’t get them interested in STEM, keep them interested in STEM.”
“I interviewed at one of the PhD programs for math and there were 3 women out of 70 men.”
“My advisor told me that he was worried I couldn’t focus because I had so many interests.”
“Finding connections and friends throughout all the interests you have makes networking so much easier.”
“There’s a loss that I see when people leave companies to go build something on the side when they could have built that within an existing organization that could help.”
“If you’re allowed to have your own processes you’ll see less of the brain drain and create a great product.”
“I built something from scratch, I helped scale something from the inside, and now I’m creating something from a larger business. I want to see where I am most needed and valued.”
“I’ve got 5 years of runway to plan, structure, and create a place to impact young girls into something they might not have done using this amazing brand.”
“At interviews say, ‘Let me explain to you how all of my interests can help better your company’.”
“The reason we got 90% of the press we got was through The Li.st.”
“Storytellers and journalists, investors and creatives, entrepreneurs and business owners all come together to help one another and make our connections stronger.”
Join Dot Complicated with Randi Zuckerberg next week only on SiriusXM Business 111 at 12pm EST/9am PST.
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