What The Pregnancy Gym & The Wing Say About Investing in Women
Two articles about women-only organizations popped into my feed today and struck me for one reason: businesses that cater to 50 percent of the global population - women - are raising money, or at least considered viable enough for some form of funding. This sounds exclusionary, but think of all the startups that serve the male demo. The list is long.
The Wing, a women's only co-working space that also feels like a club with lots of millennial pink and great programming, announced it raised a $32 million B round led by WeWork (clearly a potential acquirer). And Fast Company wrote today about a gym dedicated to pregnant women called FPC (no details of how it has been funded were disclosed).
When we started PowerToFly in 2014 and then raised a $7.5 A Round, one of the most frequent questions we got from Venture Capitalists was whether we'd expand the platform to include men. Our answer was simple: "any gender is welcome to join PowerToFly, but we're focusing now on fixing a giant problem that currently affects over fifty percent of the population. Marketing to men would distract from our current mission." In other words, we were saying to the VCs: "is fifty percent of the global population a large enough market for you guys?"
And yes, one day we might market to men, but not until we move the needle on abysmal gender diversity numbers in tech.
The Pregnancy Gym and The Wing are two sister organizations helping lift our mission at PowerToFly and I couldn't be more excited to see that they probably overcame the same questions we did during their financing rounds.
A Conversation with Bounteous' Jen Spofford
Jen Spofford would tell you that she never had her sights set on becoming a partner at The Archer Group, an advertising agency acquired earlier this year by digital transformation agency Bounteous.
Her former boss would beg to differ.
A five-step framework for addressing systematic racism at work
The world has changed in the past few weeks.
We're watching corporations and organizations across the world come out in support of Black lives in droves. Many of those organizations are doing so for the first time in their history.
Farnaz Azmoodeh used to dislike running. She was really, truly, actively not interested.
But after suffering through it for a few months, it's now one of her favorite things to do. "I get so much joy out of it," says Farnaz. The same thing happened when she started making pottery: she says the first month was "terrible" as she struggled to shape the clay with no success but shares that she came to love the process of building after getting through an initial period of learning and adjusting.
What does BIPOC mean?
For our first entry in our now-monthly glossary of diversity, equity, and inclusion (DEI) terms, we're going to cover BIPOC, a (relatively) new term in the space. We'll answer questions like "What does BIPOC stand for?", "Are Asians and Latinos BIPOC?", and "BIPOC vs POC — which should I use?"