Is The Gender Gap In Women Funded Startups Closing?

We talk about women entrepreneurs and startup founders a lot here at nibletz.com The Voice Of Startups Everywhere Else. Last month at TechCrunch Disrupt NY 2013, Sequoia’s Aaref Hilaly said that the number one reason for such a big gender gap is that their aren’t enough women engineers.

Dave Tisch on the other hand said that women aren’t treated seriously in VC meetings, saying that this was the biggest bullshit.

Pemo Theodore the founder of Ezebis prepared the infographic below highlighting where women stand in the startup space.. Some of it is still very disturbing.

For instance, their infographic below says that 41.1% of women founders relied on outsider debt to start a business. The data also says that 21% of women entrepreneurs sought angel capital in 2009 and of those only 9.4% were successful. Also in 2009 only 11% of companies that received venture backing, had a female CEO or founder. Perhaps one of the most disturbing thing AlleyWatch found was that only 3% of all people accepted (total) in all of the Y Combinator classes, have been women.

The good news is that since he 1997 census women owned businesses have gone up 50%. In 2011 8.1 million businesses led by women have generated nearly $13 trillion dollars in revenue.

Check out the infographic below:

Womenstartups-infogrpahic

 

This accelerator in Memphis Tennessee, specifically for women founders, extends application deadline through June.

Memphis Answers Call To Task On Women Entrepreneurs With Upstart Accelerator

Upstart Memphis, Memphis, Startups,Accelerator,Launch Your CityOn Tuesday at TechCrunch Disrupt NY 2013, Alexia Tstotsis got some of the more influential names in the tech/vc community to talk about women entrepreneurs and venture capital. David Tisch offered this tidbit in regards to what really pisses him off when VCs are talking to women. Aaref Hilaly (Sequoia) offered this opinion on why there is such a divide. Hilaly also called everyone to task to help increase the number of women entrepreneurs ready for venture funding.


While startup communities everywhere are starting to embrace and cultivate their women entrepreneurs. One startup community in particular has taken a very proactive role.

Eric Mathews, Andre Fowlkes and Elizabeth Lemmonds the team behind Launch Your City and Launch Memphis started a women’s initiative in 2012 called Upstart. Upstart is a multifaceted initiative with their latest phase coming into fruition now. It began with a meetup group, office hours for women entrepreneurs and a 48 Hour launch event for women founders.

Upstart is just one of the many startup community initiatives that Launch Your City has developed. They are also responsible for Seed Hatchery, a general tech accelerator that is two weeks away from their third graduation (demo day). Interestingly enough there are two startups in the class of six that have women founders; Boosterville and Mentor Me. A third woman entrepreneur, Rachel Hurley, started as a co-founder for one startup, Soundstache and has since segued to another team, Musistic. Hurley has always been active in the Launch Memphis startup community and took the challenge to apply to this years Seed Hatchery class.

In addition to all of this, Lemmonds, served as the moderator for the “Kick Ass Female Founders From Everywhere Else” at the everywhereelse.co inaugural conference. It was there and on a trip to Silicon Valley that Lemmonds continued to forge relationships with women entrepreneurs across the country, some of which will serve as mentors for the upcoming first session at Upstart.

The Upstart Accelerator basically starts as soon as Seed Hatchery graduates. The application deadline is May 24th and the application can be found here.Those accepted will be notified by May 31st. The session starts in Memphis at the Launch Your City Launch Pad on June 20th and runs until October 3rd.

Upstart participants will get access to the four M’s, mentors, milestones, money and Memphis. The Upstart team is encouraging women led startups from across the country and around the world to consider their program. Memphis is a great place to launch startups, cost of living is incredibly low and the startup community is close knit and growing. And YES their can be men on the team as well, but one of the cofounders must be a woman.

You can find out more here at upstartmemphis.com

See why this woman, and her husband, the founding CTO at Cha-Cha moved to Memphis for an acceleartor.

sneakertaco

Memphis Startup: AFocusED Path Starts Helping Students With Careers In Middle School

AFocusED Path,Memphis startup,upstart Memphis, Launch Memphis, Startup WeekendAFocusED Path was one of the four startups built during Memphis’ recent 48 Hour Launch for women as part of their new UpStart program.  AFocused Path is essentially a social network surrounding a students academic life, and their support infrastructure. It’s also a great way to keep a child’s support network, no matter how close or far away they live from the child, involved.

Parents of school aged children can sign up for a free profile at AFocusED Path. From there they will add information about the student academically and socially as it related to their child’s development. Report cards, progress reports, key assignments, reports, intramural sports achievements, school play programs, you name it all of this can be added to a child’s AFocusED Path profile.  This will serve as the ultimate archive for a child’s early years.

With all this information collected and displayed in a private social network, families are building an online resume of their child dating back to the earliest years. Long gone are the days of throwing shoeboxes filled with photos away during the next move.

This aspect of the the platform is also great for keeping aunts, uncles, grandparents, friends and other supporters, up to date with a child’s progress, achievements and areas of improvement. Now grandma and grandpa in Florida get to participate more actively in their grandchildren’s lives. If the student got good grades they can leave praise, if they are having a rough period they can be there for support.

Eventually the startup would like to add other key players in a child’s scholastic career in the platform as well. Guidance counselors, teachers, and coaches could all be involved in the overall well being of the child through their school career and then even onto college.

The second part of AFocusED Path is equally as interesting.

Usually when a student hits 8th grade they start getting the first real inclination of what they may want to do when they grow up. Whether the child wants to be a doctor, vet, counselor, entrepreneur or an electrical engineer, AFocusED Path is able to help create a clear plan as to what the child should be doing in their school years to prepare for college in that field.

The system will know what classes to get and what grades to maintain and if that student is underperforming or overachieving when it comes to those goals.

Naturally, starting a career path at 8th grade usually means a pivot or three and AFocusED path can accommodate that pivot and several others. The platform can also let a student and their support system know how hard it will be to change career paths at whatever point they make that decision.

They hope to become the goto social platform for everyone scholastically prior to college.

Denise Davis PHd and Rod DeBerry are the two founders behind this new startup and they are anxious to get it moving. They worked relentlessly with their 48 Hour Launch team to perfect their pitch as well as starting their social media channels. Check out their Friday pitch video:

Here’s the pitch video from Sunday evening:

Linkage: 

Check out UpstartMemphis here

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Founder Of Memphis Startup Mentor.Me Crowdfund’s In Person For Everywhereelse Booth

mentor.me, Memphis startup, upstart memphis, women entrepreneurs, startup,startups,startup pitch video, crowdfundingThis weekend was a big weekend for Memphis entrepreneurs, specifically women founders and entrepreneurs. Upstart Memphis, the latest initiative by Launch Memphis, officially kicked off with the 48 Hour Launch, women’s edition.  During the 48 hour period four women CEO’s from Memphis built 4 exciting new startups; Care2Manage, AfocusED Path, Pink Robin Avenue and Mentor.me.

Throughout the weekend the women were rushing to gain as much business knowledge as they could, test their idea out and validate it with customers, and work on their pitch deck. They were also competing for a free booth space at the upcoming “everywhereelse.co The Startup Conference” event being held in Memphis in February.

The three day event is bringing entrepreneurs, founders, and investors from across the country and around the world to Memphis for three days of startup knowledge. A smorgasboard of panels, discussions, fireside chats, networking opportunities and parties. There’s a huge list of nationally known speakers as well. (here’s more info on the event).

Mentor.me is solving a big problem for non profit groups that are linking mentors with mentees. Until now the systems used by most mentoring non profits has been flawed.

For instance Brittany Fitzpatrick said in her pitch that a few people she knows that connect mentors and mentees have to go through thousands of applications and then they link mentors with their mentees by looking at a simple sheet of paper. This paves the way for bad connections and relationships. We also learned that most mentor relationships dissolve in six months or less and that’s actually worse for the mentee than not having been mentored at all.

Check out Mentor.me’s Friday pitch:

And here’s Fitzpatrick’s Sunday pitch:

Fitzpatrick’s web based platform will allow both mentors and mentees the opportunity to build a much more robust profile with likes, interests, needs and goals. This way both the mentor and the mentee have a better chance at vetting each other out to see if they’re likely to be compatible.

When the judges convened after hearing all four pitches on Sunday evening it was a very close call between Mentor.me and the startup that won, Pink Robin Avenue.

Undeterred, once Fitzpatrick realized she wasn’t the winner she started approaching the folks in the audience with a simple proposal, help me get my startup into the conference.

Very quickly Fitzpatrick got sponsored to the beat of $265 and at that point I kicked in the last $30 to get her startup into the conference.

Hopefully both Fitzpatrick and the winner Danielle Inez, will wow the investors the way they wowed the judges this weekend and raise some venture capital.

Linkage:

Check out Upstart Memphis here

Check out “everywhereelse.co The Startup Conference” here

Memphis Startup: Pink Robin Avenue Wins Free Booth At Everywhereelse.co

Pink Robin Avenue, Memphis startup, upstart memphis, startup,startups,startup pitchThis weekend was Upstart Memphis’ 48 Hour Launch weekend. Upstart Memphis is the newest initiative for Launch Memphis the catalyst behind all things entrepreneurial and startup in Memphis Tennessee. Upstart Memphis is about helping women entrepreneurs and startup founders through fellowship, education and events. 48 Hour Launch, Memphis’ take on Startup Weekend, was the first big even for the organization.

Launch Memphis has held several 48 Hour Launch events. They function the same way most weekend startup hackathons function. This time was a little different though because all of the ideas pitched needed to be led by women.

Care2Manage, A focusED Path, Mentore.Me and Pink Robin Avenue were the four ideas picked to build throughout the course of the weekend. As you can see from both the Friday and Sunday videos for each startup, they got a lot of work done.

Danielle Inez and her Pink Robin Avenue was the prevailing winner though, even after an original judges tie.

Pink Robin Avenue is an easy way to plan and decorate for an event. For those who like it broken down in it’s simplest form, Pink Robin Avenue is an “event in a box”.

Inez and her team used the weekend to work on their business plan, website, social channels, customer discovery and preparing a great presentation. Inez brought out her bubbly personality and really shut the crowd down with her enthusiastic responses to every part of the Q&A, having a sensible answer for every question thrown her way.

While Inez will initially grow Pink Robin Avenue in Memphis she plans on expanding nationwide and helping people plan events, and get all the decorations they need from top to bottom in a box delivered to their door step, instructions and all.

After checking out her Sunday pitch video you’ll see why she ended up winning a free Startup Village booth at everywhereelse.co The Startup Conference. Inez will be very busy over the next two months making sure that her idea is ready for prime time and ready to go onstage in front of over 1500 people, 400 of them investors.

As a testament to the weekend startup hackathon building model check out her Friday pitch here:

and here’s her wining Sunday pitch video

Linkage:

 

Get your ticket or booth space at everywhereelse.co The Startup Conference, the largest startup conference in the United States, by clicking here. 

Find out more about Upstart Memphis here

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Meet The 4 Women Led Memphis Startups Pitching At 48 Hour Launch

Upstart Memphis, 48 Hour Launch, Memphis startups,startup,startup pitchesMemphis’ Launch Memphis, is holding a 48 Hour Launch made up entirely of startups founded by women. This is part of Launch Memphis’ new Upstart Memphis initiative focused on enriching women entrepreneurs and startups across the midsouth.

In addition to events like this, Upstart Memphis holds a regular women’s entrepreneur meetup and provides access to women founders and entrepreneurs to the organizations free workshops and seminars. Upstart Memphis welcomes entrepreneurs of all types from traditional small businesses to high growth potential startups.

This weekend’s 48 Hour Launch saw traditional high growth startups and a hybrid startup with huge upside potential locally and if it can build scale, nationally as well.

Care2Manage

Care2Manage is a web portal and referral service aimed at 30 and 40 somethings who’s parents may be ready for elder care. More and more of the elderly are turning to staying home rather than going into managed care centers, which can be frightening for their children, especially when 100s of miles separate child and parent.

That’s where Care2Manage comes in. This referral site and management platform allows the parent and the children to collaborate together and find the best care providers in the parents’ local area. With the service being based on the web, children from across the country and around the world can be involved in their parents care. Not only that, but Care2Manage will also staff up with 24 hour staff available to the parent or the child, and in some cases both.

Here’s the Friday raw pitch:

focusED Path

This startup plans to be a first in it’s space. Essentially focusED Path is a social network for students and parents to keep up with their scholastic activities. Using focusED path, parents and students can put all of their grades, achievements and assignments online. As the student reaches milestones they can be celebrated as well.

focusED Path takes it’s name from one of it’s key features. At the eighth grade level most students start thinking about careers and the work force. They start solidifying their first “what I want to be when I grow up” plans.

focusED Path takes those ideas and makes recommendations on courses to take and what grade averages are needed to sustain that goal. The system will also help when that student undoubtedly pivots to another career path. The student and the parent can see what changes will need to be made to keep them on the focusED path.

Finally, in their secure network students and parents can share milestones, and victories along with areas the student needs to work on with that student’s support network.

Here’s the Friday Pitch:

Pink Robin Avenue

Pink Robin Avenue is the ultimate event planning tool for the busy person. Professional career minded women, single dads, single parents and anyone who’s day to day makes them too busy to plan a party can easily use Pink Robin Avenue to design an event in a box and have the party they’ve dreamt about in just a few clicks.

The founder of Pink Robin Avenue, Danielle Inez, put together the idea when she found that with her social calendar and PR consulting firm she didn’t have enough time to think of things like cake toppers, decorations, and party favors.

Check out the Friday pitch:

Mentor.me

Brittney Fitzpatrick has noticed that there is a huge flaw in mentoring. One of her close colleagues is in charge of administering a very big mentor program in Memphis Tennessee and told Fitzpartrick that most of the mentor matching she does is strictly baed on what’s on a sheet of paper. For so many reasons this process is flawed.

Mentor.me plans on taking profiles for the mentor and the mentee and using algorithms to better match the two.

With Mentor.me a mentee will be able to better address and get more indepth about their needs in a mentor. The mentor will also be able to better see if they’re a match or not.

Mentor.me will help both mentors and mentees waist a lot less time and get right into mentoring, which is what they’re supposed to do.

Check out Mentor.me’s Friday Pitch.

Linkage:

Here are more startup stories from “everywhere else”

Find out more about Upstart Memphis here

Come to Memphis for the largest startup conference in the country, more on that here

Launch Memphis Launches UpStart Women’s Startup Initiative And 48 Hour Launch Dec 7-9

LaunchMemphis,Upstart Memphis,48 Hour Launch,startup,startups,startup news,startup events, startup weekendLaunch Memphis, one of the key ecosystem drivers for startups in Tennessee, has launched a new initiative aimed at women entrepreneurs and startups. Getting more women engaged in startup communities is a goal that most cities are working on. Driving entrepreneurial growth among women is also a key factor in the overall health and success of an entrepreneurial ecosystem.

Launch Your City and their Memphis arm, Launch Memphis, are no strangers to the startup ecosystem. They’ve been the driving force behind Memphis’ startup and entrepreneurial growth since 2006.  Launch Memphis runs a free coworking space; The LaunchPad, curriculum based initiatives through Launch Memphis and a startup accelerator in it’s third year, Seed Hatchery.

With the success of their most recent endeavors, including playing host to over a dozen Global Entrepreneurship Week events, now is the perfect time to announce a women’s initiative.

The kick off event for the women’s initiative, dubbed “UpStart” is a 48 Hour Launch event being held December 7-9th at Emerge Memphis.  The three day hackathon style, startup launching vehicle has been so successful in Memphis, the folks in Nashville recently replicated the event for their startup community.

The UpStart 48 Hour Launch is open to both women and men to participate however the ideas pitched will be from women. These women entrepreneurs will drive their teams through 48 hours of hacking, collaborating and building a viable product.

Unlike many of the “official” Startup Weekend events, 48 Hour Launch is coupled with the existing resources of Launch Memphis and Emerge Memphis which serves as the epicenter for startup and entrepreneurial activity in the mid south.

“We recognize that the disparity between men’s and women’s high growth potential startup companies is not unique to Memphis; however, Memphis can be unique in our deliberate approach to close this gap and fuel women’s innovation and entrepreneurship”. Elizabeth Lemmonds, Chief Brand Officer at LaunchYourCity told nibletz.com

Danielle Inez, a successful PR, marketing and event planning consultant in Memphis is anxious to pitch her newest idea at the UpStart 48 Hour Launch in December. Inez was among hundreds who participated in Launch Memphis’ Risk City Field Day event last Friday as part of Global Entrepreneurship Week.

Inez took to Twitter on Tuesday to express her enthusiasm for both events.

Eric Mathews, Co-President and CEO of LaunchYourCity said: “We are making a commitment to cultivate and fund a woman led  and majority woman owned startup by the end of the first quarter of next year.  We encourage women to reach out and get involved in all levels of our platform as mentors, investors, and of course as potential founders.”

UpStart programming also includes a women’s meetup and plans on being a permanent fixture in the LaunchMemphis programming.

Linkage:

Upstart Memphis is here

Register for 48 Hour Launch, women’s edition here

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