DaVinci Speaker Series: The rise of the female entrepreneur

“Everyone expects to hear the normal statistics and comments in events such as this one. However, DaVinci Institute’s panel members frequently have a different view and are often provocative. Our programs tend to be effective since our expert panel members study, research and even live in the future.

To us THE RISE OF THE FEMALE ENTREPRENEUR has already started but the strongest impact of this reality has yet to hit the U.S. market. Come and hear what our panelists have to say about this once in a millennium trend and how it will impact you regardless of your gender.

Discover how this change has already begun to cause radical changes in our governments, businesses, politics and personal lives. What was promised decades and decades ago to American females has now taken root and there’s no going back.”

 

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More start-ups have an unfamiliar message for Venture Capitalists: Get lost

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From left, Mara Zepeda, Aniyia Williams, Astrid Scholz and Jennifer Brandel of Zebras Unite. The group encourages a more ethical industry with greater gender and racial diversity.

On a sunny Saturday morning in New York a few months ago, a group of 50 start-up founders gathered in the dank basement of a Lower East Side bar. They scribbled notes at long tables, sipping coffee and LaCroix while a stack of pizza boxes emanated the odor of hot garlic. One by one, they gave testimonials taking aim at something nearly sacred in the technology industry: venture capital.

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55% of America’s billion dollar startups have an immigrant founder

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Uber logo seen on a car door in Kiev, Ukraine. Garrett Camp, an immigrant from Canada, is one of Uber’s founders. (Photo by Pavlo Conchar/SOPA Images/LightRocket via Getty Images)

What would America lose if we blocked refugees and family-sponsored and employment-based immigrants from coming to the United States? For starters, we would likely lose more than half of the billion-dollar startup companies in America.

A new study from the National Foundation for American Policy finds that 55%, or 50 of 91, of the country’s $1 billion startup companies had at least one immigrant founder. I conducted the research by interviewing and gathering information on the 91 U.S. startup companies valued at over $1 billion (as of October 1, 2018) that are not publicly traded on the stock market and are tracked by Dow Jones VentureSource and The Wall Street Journal.

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‘Following your passion’ is dead- Here’s what to replace it with

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Following your passion presupposes that you have one. But many people don’t.

Develop a passion, don’t follow it.

It’s what kids do.

When someone in your life is asking the important “What should I do with my life?” question – have you ever told them “Just follow your passion”?

If so, please stop doing that. Yes, completely, and forever. Because it’s garbage advice. Among the worst out there, right next to the original food pyramid and playing hard to get after a date.

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42 percent of startups fail for this one simple reason (It’s not what you think)

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Close to half of the over 100 startups analyzed made this mistake — and never recovered.

CBI Insights recently analyzed 101 startup post-mortems (reports they wrote after they failed). The researchers extracted the top reasons startups fail, including things like a pivot going wrong; legal challenges; disharmony within the team or with investors; poor marketing; and of course the one frequently cited: running out of cash money.

But the number one reason was none of those.

It was far simpler: the startup didn’t solve a big enough problem.

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The changing demographics of entrepreneurship

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Who are today’s up-and-coming entrepreneurs? That answer is very different than it was 20 years ago.

Most new entrepreneurs are still white and male, but the U.S. entrepreneurial population is becoming much more diverse in terms of age, race and region. Cities in the southern half of the U.S., such as Los Angeles, Miami and Austin, have become hotbeds for startups and small businesses.

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Only 3% of Americans are legally allowed to invest in startups

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All of the venture capitalists that are worth more than $1 billion are all men. Most of these men have invested in Groupon, LinkedIn, Skype, YouTube, Paypal, Facebook and others. Chances are, you are legally barred from joining their exclusive investors’ club.

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Trading in your Soul for Venture Capital

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In the tech industry, we celebrate raising money as a victory second only to that of a successful exit.

And while I recognize that venture capital is often an unavoidable requirement for growing a business, most entrepreneurs, and the tech community at large — who often seem to push people into raising VC — would be better served viewing it as a necessary evil as opposed to an absolute win.

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The Internet of Things isn’t set to unleash a deluge of data… yet

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The startup called Spark is building a microcontroller for connected devices.

Billions of devices, from forks to jet engines, are already connected to the internet. All signs point to a huge surge in the years to come. For example, Cisco, predicts 21 billion of them in 2018, up from 13 billion in 2013. But despite those numbers, the companies that will be storing all that device data are less concerned sheer volume and more concerned about making it usable.

 

 

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All of the biggest and oldest tech companies will be forced to break up: Marc Andreessen

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Marc Andreessen

eBay, Hewlett-Packard and Symantec are three huge companies that have decided to split apart.  Super investor Marc Andreessen was involved in two of these companies and predicts that this is only the beginning. He sits on the boards of eBay and HP.

 

 

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