Comments on: Women entrepreneurs to dispel micro myth http://blogs.reuters.com/great-debate-uk/2009/03/02/women-entrepreneurs-to-dispel-micro-myth/ Wed, 16 Nov 2016 01:37:11 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Phoebe Olesi Founder Yogift.com http://blogs.reuters.com/great-debate-uk/2009/03/02/women-entrepreneurs-to-dispel-micro-myth/comment-page-1/#comment-2318 Sun, 08 Mar 2009 14:26:03 +0000 http://blogs.reuters.com/great-debate-uk/?p=414#comment-2318 I have been reading through this article and have to say that it’s not education that’s the problem. Many women are well educated.
The problem women in business face are ease to access government programmes and private sector support typically from finance and technology corporations. I have contacted various initiatives that are advertising or stating they are set up to help women set up business, finance and network. I have been left frustrated, realized most of this information provided is just a paper exercise or a way to get funding.
As a woman who has just set up a start up business, I have encountered lots of problems. I realised it’s not only women having problems accessing finance, technology, media or networking, men starting up are also going through the same problem
I am inspired to turn my business idea in to success by taking advantage of all problems I have encountered and mistakes made as a learning curve. I have stopped chasing or reading about funding for women business instead I am focussing my energy the growth and success of my business

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By: Sue Stockdale http://blogs.reuters.com/great-debate-uk/2009/03/02/women-entrepreneurs-to-dispel-micro-myth/comment-page-1/#comment-2303 Sat, 07 Mar 2009 16:15:28 +0000 http://blogs.reuters.com/great-debate-uk/?p=414#comment-2303 I agree with the view that many women-owned businesses are under capitalised but do not agree that education only is the solution. In my experience, it’s also a question of desire and belief. Many women have the desire to start up enterprises in order to have flexibility and be in control. A great number have the belief that running a “high growth” business will take them right back into the world they have been trying to get away from. This is of course not necessarily the case, and it’s a question of aspiration and challenging beliefs.

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By: Larry http://blogs.reuters.com/great-debate-uk/2009/03/02/women-entrepreneurs-to-dispel-micro-myth/comment-page-1/#comment-2297 Sat, 07 Mar 2009 09:12:55 +0000 http://blogs.reuters.com/great-debate-uk/?p=414#comment-2297 It’s a shame the first post to this blog is posted by a man who I see refers to women as “corporate whores” on his website. Er kinda proves the point I think …

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By: C.R.S http://blogs.reuters.com/great-debate-uk/2009/03/02/women-entrepreneurs-to-dispel-micro-myth/comment-page-1/#comment-2246 Thu, 05 Mar 2009 23:12:09 +0000 http://blogs.reuters.com/great-debate-uk/?p=414#comment-2246 Brilliant article! Posing the question about are enough female entrepreneurs stepping up for finance is important (i.e. is there the demand?) – thus will all the female funds arising be utilized? And yes, the press do constantly only feature micro consumer female businesses. Perhaps with all the recent rounds of redundancies, more innovative and scalable businesses will emerge – some of them inevitably by women.

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By: nick http://blogs.reuters.com/great-debate-uk/2009/03/02/women-entrepreneurs-to-dispel-micro-myth/comment-page-1/#comment-2237 Thu, 05 Mar 2009 10:10:46 +0000 http://blogs.reuters.com/great-debate-uk/?p=414#comment-2237 This article and a number of responses are total nonsense, myopic and reflect little thought to reality.

Most women get less financing because they are setting up business’s that are smaller and more likely to be home based with less growth potential. As this is the case they have less $ upside for investors. (Good to see that someone mentioned compounding effect that segregated networking may add)).
There is a never ending raft of legal protection that makes it more difficult to get rid of underperforming women than their male counterparts and therefore makes hiring more difficult. This is even more so in Europe where costly maternity (upto a years full paid leave) & other considerations are taken into place.
The world is also noticing that women in power are just as capable of making a mess or underperforming as their male counterparts – Rice, Fioreno, Clinton (losing from a position of strength) and a number of the women leading the companies mentioned above such as Kraft i.e. they are not bringing anything particularly new to the table.

A sad by-product of all the female whingers out there that want even more rules and protection is that the truly talented among you are being ignored by males because all they can hear is moaning by the less capable.

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By: Sharon Vosmek, CEO, Astia http://blogs.reuters.com/great-debate-uk/2009/03/02/women-entrepreneurs-to-dispel-micro-myth/comment-page-1/#comment-2178 Tue, 03 Mar 2009 15:20:26 +0000 http://blogs.reuters.com/great-debate-uk/?p=414#comment-2178 I agree it is no longer 1911 and I don’t think anyone is arguing there is a glass ceiling. However, the statistics still show that while women are starting businesses at rates commensurate with men, they are not leveraging equity investment for those start-ups (still today only 3% of venture capital goes to women CEOs and 5% to women-founded organizations). In the interest of ensuring our recovery, it behooves us all to make sure women know how to play in high growth markets as there is real opportunity for job creation, innovation and wealth creation. The dialogue is how do we get there from here?

PS
eBay was not founded by a woman: http://en.wikipedia.org/wiki/EBay

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By: nilo http://blogs.reuters.com/great-debate-uk/2009/03/02/women-entrepreneurs-to-dispel-micro-myth/comment-page-1/#comment-2172 Tue, 03 Mar 2009 07:42:26 +0000 http://blogs.reuters.com/great-debate-uk/?p=414#comment-2172 This makes sense and I must say that I sometimes experience this first hand. It seems like women have to spend more time ‘proving’ themselves than to focus on the business. I prefer not think of it this way. I prefer to focus on the ideas and business development. However, I do feel the challenge of being a female sometimes.

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By: Stacy Law http://blogs.reuters.com/great-debate-uk/2009/03/02/women-entrepreneurs-to-dispel-micro-myth/comment-page-1/#comment-2171 Tue, 03 Mar 2009 04:38:37 +0000 http://blogs.reuters.com/great-debate-uk/?p=414#comment-2171 I am tired of hearing this stuff. It is 2009, not 1911. We have surpassed the women’s issue and have moved on and now elected an African American as president. While the nation has progressed, it is ultimately the media who have a lasting infatuation with the morbidity of discrimination. In our recent history eBay was started by a woman. We have had a series of three women in a row as Secretaries of State. The following companies ALL have women at the helm of their operations: Pepsi, Kraft, Archer Daniels, Xerox, Wellpoint, Avon, P&G Global Business, Sara Lee, Disney Media, DuPont, Oracle, MTV, TIME, Western Union, Reynolds Tobacco, Yahoo, UnitedHealthcare, Sunoco…and more. It’s time to mothball International Women’s Day. We have succeeded.

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By: MomsHugs http://blogs.reuters.com/great-debate-uk/2009/03/02/women-entrepreneurs-to-dispel-micro-myth/comment-page-1/#comment-2170 Tue, 03 Mar 2009 03:22:22 +0000 http://blogs.reuters.com/great-debate-uk/?p=414#comment-2170 Glenda ~ One-half of Forbes ‘100 Most Powerful Women’ last year were CEO’s of major Fortune500 companies. How did their companies do in 2008? What percentage of the total business failures in 2008 were women-owned/founded companies? If the % is low, one could argue women owners were able to manage their businesses with far less leverage using internally-generated funds. Women news anchors would definitely like that story. Perhaps having a more level playing field will be one of the upsides to this economic downturn. However, if women were playing primarily in the home-accessorizing businesses, then they suffered along with all other businesses dependent upon continued building & renovation of homes. [Aside: Personally, I’ve always wanted to run a railroad like Dagny in “Atlas Shrugged” by Ayn Rand.]

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By: Sharon Vosmek, CEO, Astia http://blogs.reuters.com/great-debate-uk/2009/03/02/women-entrepreneurs-to-dispel-micro-myth/comment-page-1/#comment-2168 Tue, 03 Mar 2009 01:17:57 +0000 http://blogs.reuters.com/great-debate-uk/?p=414#comment-2168 Ms. Stone has articulated significant questions for our battered economy and launched an important dialogue for policy makers and entrepreneur organizations alike. To appropriately and adequately address women’s participation within high-growth markets, we must first understand the underlying context, and Ms. Stone has certainly touched on them both.

There seem to be two forces at play to the detriment of women as they grow their businesses. 1) Women and men still network in separate business networks. Why this matters particularly in the high-growth space is that VCs and Angels like to invest in who they know. It can mitigate the risk significantly for an investor if the entrepreneur is already a known entity. And as fewer than 7% of VCs are women, one can see the natural result is that fewer women are funded. 2) Women still self-assess differently than men and therefore they end up aspiring differently. Significant research has been done that shows that still today, men and women receiving the same grades will measure their performance differently. This tends to result in lower aspirations by women. Within entrepreneurship this often means that a female entrepreneur might either underestimate the true market potential of her business or worse, she might underestimate her ability to execute on it.

Fortunately, both of these factors can be simply and elegantly addressed via a comprehensive ecosystem – comprised of serial entrepreneurs, investors, value-ad service providers such as lawyers, bankers and accountants – built out around the entrepreneur for her benefit – both educational and as a reach into the rich relationships that will deliver results. At Astia this is our model – a community of men and women working together to ensure that women-led companies achieve access to funding and the high-growth that that funding will require. And we have proven that it is just that simple – more than 60% of the companies who engaged in the Astia ecosystem and program achieve funding or an exit within one year of entering the program. This is not insignificant when one considers that fewer than 1% of companies who seek venture capital actually are successful in this effort.

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