Why aren’t there more women crashing the Glass Ceiling?
86 percent of female millennial entrepreneurs have left corporate jobs to build their own companies and are disrupting corporate convention, taking the leap out of their corporate career to launch private businesses or start a side-hustle to allow them to work on their passion. Also, more and more women are prominently planting their flags in the investment game.
Millennial entrepreneurs believe they have a competitive advantage running and building their company as a female by disrupting traditional corporate cultures, becoming leaders and driving innovative products. What’s more, these women don’t operate their companies like traditional corporations; employees are predominantly female, adopt a flat business structure, and encourage greater employee consideration and inclusion.
When women have strong support networks, they are encouraged, and funded to lead, they excel. In fact, on average, they deliver 35 percent higher return on investment than firms led by men and tech companies are more capital-efficient Kauffman Foundation report. Even those women tech entrepreneurs who received only 50 percent VC funding compared to their male counterparts, are able to generate 20 percent greater revenue according to a Forbes study. Furthermore, tech companies with a woman founder performed 63 percent better than those companies with all-male founding teams, according to a First Round Capital report.
Even better news, the numbers are going up in the number of fantastic female founders entrepreneurs getting funded — really funded. In 2014, 10 percent of Series A rounds were raised by women and there are even VC funds and accelerator programmes aimed just at helping women entrepreneurs.
What is holding women back from taking the leap into a startup or investing? Why aren’t more women getting into a industry they are truly passionate about or starting a side-project? Shouldn’t more of us start connecting the dots to find a mentor, become a mentee, find new opportunities or even start multiple projects? It’s time for more women to break the Glass Ceiling — or even take down that concrete one.
I believe there are more women (and men) that want to get out of the corporate rigidity, experience more learning and development than they ever would have done in their 9–5 role (often 8–7 role in some industries as a minimum). Who says you can’t go back to it if it doesn’t work out? What’s the worst that can happen?
So what’s holding us back? Is it access to networks? mentors? no idea where to start? money? time to understand the industry more? perhaps it’s just the risk? I’d love to hear what’s halting people from working with startups or starting your own, even if it’s on a part-time basis or if your organisation asked you to mentor other startups. We all have something to offer when resource is limited for these businesses.
I’ve launched Triangles for this reason (i’m not a coder, far from it, so I’ve created this landing page with Carrd) to see if there are other females looking to take a leap, work on a side project and help startups. I think there are others out there that want to break out of their corporate organisation (even if it’s just for a few hours a week).
Triangles aims to create high-value connections between talented females. If you are looking to work with a startup, find a mentor or be a mentee, find job opportunities, work experience, want to bounce ideas around then join here >>> http://www.heytriangles.xyz
If you are….
- Corporate background looking to become a mentor, start your own startup or help other women.
- You are a CEO, Founder, Director of a corporate company, Head of HR, Marketing etc — you know who I mean, male or female, and want your employees to get involved with mentoring.
- Founders who need guidance on their business or could find value in connecting with a mentor.
- Freelancers or those looking for a side project with startups.
- Those who want work experience at a startup (not just university students), we all have skills to provide and you could seriously help a startup get off-the-ground. We all started somewhere.
There’s more than enough talented females out there who want to start their own business, join forces and connect. If you think this is something you would be interested in, then join here >>> http://www.heytriangles.xyz and tweet us at @Trianglesxyz.
Side note — i’m currently experimenting with the setup and open to feedback on how you would like to see it done.
I’m proud to have worked at some awesome tech companies in the UK and Sydney — Google, Xerox and Mimecast. Whilst working there I dipped into a few side projects.
I decided in December I couldn’t work in another corporate organisation. I went for a bunch of interviews at banks and tech companies. I even had anxiety when getting to the final rounds of the interviews and all these companies were truly amazing. Instead, I had to do something about it. I went with my gut instinct.
I’m new to Australia, I want to work with startups, entrepreneurs and help other businesses. The only place to start was getting connected with VCs, investors, accelerators, coworking spaces, startup programmes, incubators and people that are in the ecosystem, hoping that I’d find startups I can help with marketing.
I went on a break with friends to New Zealand (which everyone should visit BTW). I cried to my best friend at how scared I was with no security (1) I’m only 6 months living in Australia (2) I’m out on my own back (3) You can’t pull in other members of your team, it’s just you, it’s lonely and daunting. That’s just a start to the thoughts going on in my head. But, at no point did I regret the decision to take a leap.
Within a few days, I started my first consulting project with a startup which was a referral from one of the connections I made.
What I do enjoy (besides helping businesses) is connecting with people and having valuable conversations and mutual interests. You can always learn from someone who has often been there or they know someone who has. People are happy to help if you ask them and I’ve met some amazing entrepreneurs and inspirational people since trying to get connected in Sydney.
And I believe there are even more women (and men) that are in a similar situation — they want to get into an industry they are interested in and just don’t know where to start.
I’ve launched Triangles which aims to create high-value connections between talented females for this reason. I want to see what is holding people back and how we can connect the dots between females looking to take a leap, work on a side project, find mutual connections and help startups.