Kim PerellGuestNatalie DawsonHostThis week, Fortune published an article I think every person building a business should read.
Women who built a company, sold it, and then instead of stopping, went and did the whole thing over again.
Bobbi Brown, who walked away from the makeup brand that literally carries her own name, then built Jones Road into a business doing around $200 million a year.
Mariah Chase, who sold her last company to Walmart, is the first founder her investor ever wrote a second check for.
For the first time, enough women got funded on the first attempt to even make it to a second act.
And that's worth sitting with for a second, because the performance was never the problem.
Boston Consulting Group actually ran the math on this, and they tracked 350 companies over five years.
And for every dollar invested, the companies founded by women generated 78 cents in revenue.
more than twice the return per dollar, and yet companies founded by women still receive under 2% of all venture funding.
The higher returning asset sitting right there in plain sight, and the money just walked straight past it.
And that is the exact gap my guest today refused to sit around waiting for, because most of the women in that fortune piece are on their second company, but Kim is on her ninth.
She borrowed money from her grandmother, who didn't know what the internet was, built from a kitchen table in Hawaii and sold that first company for around $20 million.
Then she rose to run the business that bought it and helped lead its $235 million sale.
This week, Fortune published an article I think every person building a business should read.
Women who built a company, sold it, and then instead of stopping, went and did the whole thing over again.
Bobbi Brown, who walked away from the makeup brand that literally carries her own name, then built Jones Road into a business doing around $200 million a year.
Mariah Chase, who sold her last company to Walmart, is the first founder her investor ever wrote a second check for.
For the first time, enough women got funded on the first attempt to even make it to a second act.
And that's worth sitting with for a second, because the performance was never the problem.
Boston Consulting Group actually ran the math on this, and they tracked 350 companies over five years.
And for every dollar invested, the companies founded by women generated 78 cents in revenue.
more than twice the return per dollar, and yet companies founded by women still receive under 2% of all venture funding.
The higher returning asset sitting right there in plain sight, and the money just walked straight past it.
And that is the exact gap my guest today refused to sit around waiting for, because most of the women in that fortune piece are on their second company, but Kim is on her ninth.
She borrowed money from her grandmother, who didn't know what the internet was, built from a kitchen table in Hawaii and sold that first company for around $20 million.
Then she rose to run the business that bought it and helped lead its $235 million sale.
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