Most crowdfunding platforms fund individual ideas. And most organizations use microfinance to support entrepreneurs in the developing world.
One group of investors thinks both those techniques could gardens of pleasure eroticism & art in chinahelp elevate another overlooked group: female founders.
The group investing platform SheEO is connecting crowdfunding with microfinance to back five female-led startups a year. The name SheEO might bring to mind the failures of a few "feminist" CEOs, but this investment fund's ideas have enough potential to outstrip its branding.
"I don't want to put my capital into the same old dumb apps that don't do anything in the world."
"I don't want to put my capital into the same old dumb apps that don't do anything in the world," said SheEO founder Vicki Saunders. "I want to put my capital into female innovators who are strengthening our communities."
SheEO recruits 500 women to all contribute $1,100 each—or $550,000 total—to an investing fund. Their money is pooled together to loan to female founders at zero percent interest. The next year, another 500 women (repeats allowed) contribute $1,100 again. When companies pay back their loans within five years, the fund continues to grow.
SEE ALSO: This app will help you speak up—or shut up—during meetingsAt year three in 2017, SheEO has 15 portfolio companies and $1.5 million invested. The goal is to get to a $1 billion perpetual fund backed by 1 million investors (or activators, as SheEO calls them) and invested in 10,000 women-led ventures.
It's another way to back female founders in an environment where women only received 2.19 percent of venture-capital funding in 2016. The fund came up with another way for women entrepreneurs to raise money without navigating the pitfalls of male investors who don't understand their ideas or their market.
SheEO's model combines crowdfunding, in which small amounts of money are contributed by big groups of people, with strategies taken from established microfinance platforms like Kiva. Saunders, who has a long resume that includes running startups, taking a company public, and working with the World Economic Forum, envisions the model as something that could be repeated for groups besides female founders and outside tech.
SEE ALSO: 58% of men in tech say there are enough women in leadership roles, but women don't agreeIn developing the model, she drew on her experience raising funding through venture capitalists, through loans, from friends and family, through grants—basically every avenue except private equity. Saunders is traveling to Sydney, Australia next month to talk to the city about how her funding model works, she said.
The goal is to get to a $1 billion perpetual fund backed by 1 million investors.
"Everything we're doing is a mashup of lots of other things that have happened before," Saunders said. "When it gets to scale, it's going to be really interesting."
In this first iteration, the companies that get these $100,000 loans have to be earning between $50,000 and $1.5 million in revenue a year and be majority women-owned or women-led. So far, SheEO has funded companies working on artificial intelligence, hardware for people with disabilities, food, and education.
SEE ALSO: This venture capital fund wants investors as passionate as philanthropistsSaunders first tested out her idea for a new way to invest in Canada in 2015. The fund is now approaching round three and has expanded to the United States and New Zealand. Next year, the group plans to add investors in the Netherlands, Australia, and Mexico.
The women who sign up to contribute $1,100 include corporate executives, women working in politics, and more established entrepreneurs. The youngest investor is 14 and the oldest is 92.
It's only $1.5 million dollars on the way to its $1 billion goal, but everything is going as planned so far.
"It makes me crazy all these incredible female innovators have a hard time getting funded," Saunders said.
NYT Strands hints, answers for April 26
Beyoncé was everyone's favorite part of the Met Gala and she wasn't even there
At long last, we know the 4 words every girl wants to hear
The stigma of buying used sex toys has weakened. But still.
Trump administration to allow African elephant trophies back into U.S.
Meta's Portal to support live American Sign Language interpreting apps
Kanye West's latest antics make more sense with the help of this conspiracy theory
Lexus shows off its first electric SUV, the Lexus RZ 450e
The 10 Most Anticipated PC Games of 2016
Meta's Portal to support live American Sign Language interpreting apps
Apple is reportedly still working on smart glasses of some kind
Tom Holland, purest boy in world, found a stray dog and took it to the vet
Writers hop on Twitter to air out their weirdest celebrity interview
Meta's Portal to support live American Sign Language interpreting apps
SpaceX's Starlink will provide free satellite internet to families in Texas school district
Meta's Portal to support live American Sign Language interpreting apps
It's Star Wars Day and Heathrow Airport has trips to a galaxy far, far away
Zigazig ah, the Backstreet Boys dressed up as the Spice Girls
Classified Zuma spacecraft may have failed after SpaceX launch
Colin the Caterpillar crashed Prince Harry's stag do and the photos are frankly outrageous
Apple announces WWDC date and yes, it's virtual againKia reveals new details for its EV6 electric car with 315Apple will finally fix the iOS issue that blocked searches for 'Asian' as adult contentSony shutting down PSP store for good, but PS3 and Vita will live onThe wildest things from the other Trump7 best trivia apps to test your knowledge (and still have fun)Donald Trump had a very awkward encounter with a T. rexNew app helps parents figure out if their kids are sextingDonald Trump had a very awkward encounter with a T. rexExploding can of foam that looks like a piece of modern art goes viral on TwitterWhy the sun isn't causing today's climate changeThe free cookbook designed for people with taste and smell loss from long COVIDGoogle Maps' new directions point you to the ‘cleanest’ routeBTS speak out against racism and violence, share own experiences of discriminationThree new Tempo bundles are taking home fitness to the next levelMonster Hunter's Switch debut is excellent but very hard for newcomersWhy Iceland's volcanic eruption is so gooey and thrillingDon't wait to install Apple's latest version of iOS and iPadOS, 14.4.2Lil Nas X marks new song with moving letter to his 14Pumpkin Spice craze reaches its logical conclusion The internet suspects the Patriots of using fog to beat Falcons NASA named the Mars rover landing site after famed Black sci Netflix’s ‘The Witcher’ could use a clearer timeline A year of tech in pandemic life, by the numbers Facebook and Italy team up to teach students how to spot fake news 5 living ex Google Maps compiled 31 haunted sites to scare the living hell out of you Comey revealed he secretly runs the "Reinhold Niebuhr" Twitter account Protester hugs a Nazi and asks 'Why do you hate me?' Fake Facebook post tries to exonerate Trump over insulting a Gold Star widow Russian photo studio lets you snap photos on a private jet for the Instagram likes This Photoshop fail from Netflix is actually pretty hilarious Tesla will build a factory in Shanghai to help bring costs down Dispo repeatedly changes privacy policy after location data mistake Facebook facing federal investigation for alleged racist hiring OnePlus co We all hate Facebook. So why aren't we deleting our accounts? 'WandaVision' writer on grief, Fietro, Mephisto, and more: Interview Apple is investing more than 1 billion euros in new facility in Munich A driver's adorable service dog made for the perfect Uber ride
2.2765s , 10194.0390625 kb
Copyright © 2025 Powered by 【gardens of pleasure eroticism & art in china】,Prosperous Times Information Network