Woman in Tech — StageOne Female Founders Office Hours Program
Written by Yael Eckstein
In October, Crunchbase announced its “Diversity Report” which discussed the growth in the number of investments in startups led by female founders. “Over $20 billion has been invested in female-founded and co-founded startups. Of that $20 billion, approximately $5 billion has been invested in female-only founded startups. The remaining $15 billion, according to Crunchbase data, went to startups with female and male co-founders”.
Fobes then came out with an article saying that “The data for 2018 is impressive but includes an outsized, $14 billion investment in a single female-founded startup, Ant Financial…The total percentage of dollars going to female-founded companies remains stubbornly stuck at below 15%, in spite of reams of data showing that investing in diverse founders is a better investment…”
I have read a lot on the subject in the past year and although the current state of the industry is well known and there are signs of improvement, I think we need to speed up things a bit and focus on a forward-looking vision we can all stand behind.
I am proud to act on this vision in StageOne, by creating the Female Office Hours Program!
A bit about how this program came to life:
This year one of our portfolio companies, SafeDK, which was founded by two brilliant female entrepreneurs, Orly Shoavi and Ronnie Sternberg, was sold to Applovin, a comprehensive mobile gaming platform. No small beans.
During the ceremonial post-exit announcement breakfast we noticed an unusual surprise, about half of the team was comprised of female employees at every level of the company. I think this comes to show that successful companies start with diversity in both the founders and the teams. It also shows that having diverse founders may increase the chances of building diverse teams.
We know that there are many talented female founders out there who are building amazing companies, and we would love to see more success stories like this!
How does the “Office Hours Program” work?
We are setting up a bi-weekly program in our office to meet female entrepreneurs in a one-on-one meeting with our managing partners and a female team member. The goal of the meeting is to connect, hear the company pitch, provide concrete advice, consult and network.
We would be happy to mentor on any topic you may need advice on, including product, strategy, technology, go-to-market, and fundraising.
We are hoping to engage with founders both in Israel and abroad who want to build companies aiming to become category leaders. Founders who are confident in taking risks, pushing boundaries and solving global business problems.
As part of the “Office Hours Program,” we are happy to extend our experience and mentorship to female entrepreneurs and startup founders. With our presence in Israel and Silicon Valley, we can leverage our strong networks and help you build a global ecosystem.
To schedule a meeting, apply Here
StageOne invests in founders of early-stage B2B deep tech start-ups in the Israeli ecosystem whether they are based in Israel or abroad.
We are focused on investing in the following verticals:
- Cloud computing and Software Infrastructure
- Dev Ops
- Deep Compute, Big Data, and AI
- Next-generation Storage and Data Center
- Connected Everything
- Cyber Security
For more information, contact Yael Eckstein at email@example.com