The founder of an organization dedicated to supporting female entrepreneurship says it’s based on the decidedly female strategy of radical generosity.
SheEO is a venture capital fund for women entrepreneurs, established with money invested by other women. Ms Gattung intends to establish a similar fund here.
Ms Saunders is a key note speaker at a conference in Auckland this weekend, called worldwomen17.
For decades only four per cent of venture capital has gone to women, making it incredibly challenging for female entrepreneurs to get funded and supported. Well, not if serial entrepreneur and award winning mentor Vicki Saunders has anything to say about it.
Women supporting women — that is the idea behind SheEO, a venture capital business that has women investors supporting women entrepreneurs.
SheEO launched in 2015 and called for 500 female "activators" to invest a thousand dollars each to create a pool of capital of $500,000. That money was given as zero interest loans to five women for their business ideas. Right now, 25 SheEO participants are in the semi-finals phase for the next round of funding.
One of those participants is Patrice Mousseau, an Ojibway from Fort William First Nation, Ont., now living in Vancouver.
“I’m not interested in levelling the playing field. I want to build a whole new field.”
Fans of the HBO comedy series Silicon Valley know Monica Hall as the venture capitalist with the heart of gold, who helps the show's geeky protagonists go from bored programmers to startup superstars. Now life is imitating art. The actress who portrays Monica, Amanda Crew, who is from Langley, B.C., has signed up to help women entrepreneurs grow their businesses through SheEO, a Canadian financing community that's now catching fire in the United States.
SheEO is a global collaboration of female entrepreneurs and radically generous women, creating a powerful ecosystem for growing women-led ventures that have positive impact in the world. The community is made up of entrepreneurs, executives, public leaders, and everyday citizens.