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What do you think about competitions organized especially for women entrepreneurs?

In the past years we had pros and cons about our Women Startup Competition. Fortunately, those who were part of these events (entrepreneurs, competitors, investors, incubators and accelerators), gave us absolutely positive feedbacks.
The goal is not any gender separation, rather integration! To help more and more startup teams to involve women talent, knowledge and creativity. We believe in all kinds of diversity, that's why one of our keyword is #nogenderissue

14 Replies

Sedef Onder
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Sedef Onder Advisor
Managing Partner + Strategist, Clear Inc.
If it serves as their only opportunity (or one of very few) to get in front of investors and other critical audiences and communities - for whatever reason, it's clearly an essential service you're providing.

Julie Gomoll
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Julie Gomoll Advisor
Integrated Marketing Strategist, Chief Schemer, Jules Says
I wish we didn't need these, but we do. I sure wish you had been around 7 or 8 years ago.
Roger Royse
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Roger Royse Advisor
Royse Law Firm
if you are doing this in California, be mindful of the Unnruh Act, which generally restricts events that allow only women. https://en.wikipedia.org/wiki/Unruh_Civil_Rights_Act
Mary Anderson
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Mary Anderson Advisor
Advisory Board Member at Choix LLC
I find that these types of events that specifically draw female entrepreneurs serve multiple purposes, including a very important one of networking and creating a community. I find the women I work with value this as much as getting exposure to mentors, executives from other industries, and VC's. Keep up the great work!
Patricia Wetzel
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Patricia Wetzel Entrepreneur
Founder at The Anti-Cancer Club™
They are needed!

I wish capital were readily available for everyone, but the reality is that it is not.

A few years ago I went to a Wharton Private Equity event. I was the only woman in a room of about 350 people. I'm currently raising money and I find this same dynamic just about everywhere. The reason it's a problem is largely cultural and inadvertent. There is an unconscious human bias to do business with "people like me" ; and (2) the majority of people in the investing world are men. Women are discouraged at every turn and many simply take another path. In short, they end up not showing up.

It's really a shame because often women and men --with similar education and experiences--will see a problem/opportunity differently. There's real opportunity in that difference since 50% of the population is female! As a simple business matter, gender and physical presence is not an optimal set of parameters for an investment decision.

Given what it takes to succeed as a female entrepreneur, I'll put my money on the ladies! We're smart, persevering and insightful in ways that simply aren't being recognized.
Jessica Magoch
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Jessica Magoch Entrepreneur
Sales doesn't have to be a dirty word. Get more clients without being icky, sleazy, or just plain annoying.
Although I typically sit in the camp of "You can't get gender equality by segregating yourself," in this case, you can not ignore the funding gap for female entrepreneurs. It's not because there are less female founders or because their businesses are historically less successful. In fact, statistics show the opposite.
When I went to my first stockholder's meeting for the first company I had invested in, I was one woman of at least 50 men, and 27 years old at that!
People invest in businesses and entrepreneurs they know, like, trust and understand. If the landscape of investors remains male dominated, it is only natural they will invest in products that appeal to men. It's important to have programs like yours that bring together like-minded people.
David Still
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David Still Advisor
Founder of Start-ups, Entrepreneur, Financier and Advisor

As a previous member of the Ole' Boys Club with over 4 decades of experience, I suggest that an all-women's "organization-whatever" is sexist and does not necessarily advance what is needed for women to learn how to win in the startup 'system'. No one knows how many founders of startups fail but the estimate is >90 percent. What is most needed is special training on that which prevents failure and increases the probability of success. That information resides in those who have experienced success but more importantly failure. Ideally, a group finds the most articulate, insightful, and wise people who have failed and have a "gutter level, non-academic" town meeting. There is nothing academic about startups and games have little to no relevance to the real world. The challenge is to step out of the box and conduct events that are street-level important, not necessarily impressive - like training to be a special forces SEAL. I hope my comments are remotely responsive to your question.

Patricia Wetzel
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Patricia Wetzel Entrepreneur
Founder at The Anti-Cancer Club™
"People invest in businesses and entrepreneurs they know, like, trust andunderstand.If the landscape of investors remains male dominated, it is only natural they will invest in products that appeal to men. It's important to have programs like yours that bring together like-minded people."

Jessica, well said.
Tamas Muller
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Tamas Muller Advisor
digital marketing geek and more...
Sedef, Thank you for your answer. Completely logical that is a right way to organize a good competition. :)
Tamas Muller
0
0
Tamas Muller Advisor
digital marketing geek and more...
Dear Julie, I'm absolutely agree with you. Thnx.
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