Bit of Advice from Top Female Founders that Every Entrepreneur Should Learn From
As Venture Capital firms discharge money into promising startups, realising a ‘unicorn’ valuation, (as Aileen Lee, the Venture capitalist de
Notwithstanding the concerns of drama here, therescribes startups worth over one billion dollars which would grow to a business world language), has become more common.
However, even though women are exposed to only about 2% of VC funding, Female founded companies are growing as up to 21 female founders’ companies attained unicorn status last year (4%) out of the 445 companies. ’s no doubting that reaching this valuation yields a new level of recognition and fame to the company’s founders. In this article, we will be looking at some of these female founders and a few of their best tips for success.
- Co-founder and CEO of Eventbrite, Julia Hartz advised entrepreneur in 2017 to blend obstinacy with fearlessness if they must grow their businesses. ‘I believe entrepreneurship is connecting a passion with the resolution to solve problems and the fearlessness to fail’ Hartz said. She maintains that entrepreneurship is nothing more than an exercise in many different trial-and-error moments and failures and also, that being an entrepreneur is being an individual who fails the least. Therefore as an entrepreneur, you must embrace the reality that things wouldn’t always go the way you expected so it is important to always assume a solid sense of optimism.
- Jennifer Hyman, co-founder and CEO of Rent the Runway, remarks that it’s essential to inspire your team to dream as big as you do. She believes that the great boss is the one who encourages her team to think big and expands their ideas.
- Huda Kattan, the founder of Huda Beauty Insists that an entrepreneur should ‘Choose the apt investors and partners’
Every business needs just the right set of individuals to thrive. As an entrepreneur, it is necessary to go for just the right investors and partners. Don’t accept anything because you need to get started, stay true to the value you hold for your company and don’t let people underprice you just because you are a woman. “Being women behind a massively thriving business is not a simple task, and the journey to find the right investors and true partners has confirmed that.” Kattan told female entrepreneurs in the MiddleEast.
- Stefania Mallett, co-founder and CEO of ezCater, advised TechCrunch when her firm attained a one billion dollars valuation, not to singly concentrate on valuation’ Stefania said building wealth or growing to unicorn status is quite a nice validation but not the goal. She thinks that the purpose of being in business is to build a thriving corporation with happy clients and happy employees.
- 31 years old female co-founder and CEO of Canva —Melanie Perkins told Entrepreneur to remain persistent.
“Whenever we got a tough inquiry from an investor or a motive why they wouldn’t invest, we remained focused on what we could improve’. I updated our pitch deck after every meeting, over 100 times a year, to solve the problems or fix the cause for rejection from the previous time. The common way to react to your 100th ‘no’ would be to take a break but, you just need to endure. I’d continue to pour my strength into things that I could improve and fix, seeking for people who bought my vision and would come along for the ride.” Perkins said. (Advice from Top Female Founders)
6. Kathryn Petralia thinks ‘Knowledge is power’, she insists that it is essential that women starting businesses be experts in their field. Everyone should have to look up to you as the individual who knows it all and not the other way round.
- Kendra Scott, founder and CEO of Kendra Scott, said it is crucial to Request help especially when starting up a business. “Many people think it’s a mark of vulnerability, but the biggest mark of strength is requesting help. People naturally desire to help other people” Kendra told Entrepreneurs in 2015.
- Do not be scared to let the wrong people go, Adi Tatarko, CEO and co-founder of Houzz, told entrepreneurs. She remarks that hiring constitutes an important aspect of all businesses and entrepreneurs must put in enough time and energy to recruit the best persons early on. Notwithstanding, she adds that investing so much in hiring can result in a certain attachment with the people such that it becomes hard to accept when someone is no longer a good fit. Investing in hiring will only reduce mistakes and not remove them completely therefore it is necessary to let go of someone who is not a good fit early enough. ‘In earlier stages, I truly wrestled to let go and move on, but eventually, I mastered that clinging on was more damaging to everyone involved.” Adi Tatarko said.
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Advice from Top Female Founders