Welcome back to another great episode of Tech Forward, listeners! This week, I’m excited to share my conversation with educator and entrepreneur, Angela Lee. Angela is both Chief Innovation Officer and Associate Dean at Columbia Business School, and the founder of angel investment network, 37 Angels. With her commitment to education, it’s no surprise that she is a sought-after expert for many news networks, and has been invited to advise decision-makers at the highest levels, including Prime Minister Trudeau. We discussed her work fostering teaching excellence at Columbia Business School, how she launched 37 Angels, and her mission to activate female investors. At Columbia Business School, curricula have evolved to reflect a shift in graduate employment. Whereas graduates once primarily pursued careers in finance or consulting, many of them now go into technology or entrepreneurship. As Chief Innovation Officer, Angela has a threefold mission: faculty excellence beginning with orientation, curriculum strategy, and technology innovation for both in-class an online learning. Though women comprise 35-40% of students in the classroom, participation is still 80% male. Angela has worked extensively to overcome that disparity, from working within clubs to help women be more vocal, to training faculty in leading a diverse classroom. Through tools like SeatGen, which measures student participation and identifies possible bias in the instructor, they have data-driven ways to overcome biases and encourage diversity in participation. From the day she accidentally began angel investing a decade ago, Angela has had what she calls a “shadow career” of investing in startups. “I have a very high personal bar of what it means to understand something,” Angela notes, and her desires for a network of like-minded people to invest alongside as well as a “soup to nuts” educational platform for investing were the seeds of 37 Angels. In this investment bootcamp, participants learn the fundamentals of angel investing, from financial and governance terms, to venture math, portfolio strategy, and the real world application of said skills. Though she built 37 Angels from a personal need, there was clearly a need for this bootcamp in the market: some long-term angel investors have even asked to take the bootcamp in secret! The membership network at 37 Angels consists of 80 investors who have invested in 49 companies over the last 5 years. As the only angel network that guarantees a response to founders within 4 weeks of application, 75% of the founder testimonials are from founders that 37 Angels ultimately chose not to fund. Their transparency and efficiency have been heralded as “a breath of fresh air” in the venture community. Though their primary focus is on female investors, the portfolio ultimately matches the pipeline: by activating these investors, they will organically invest in more women than the average angel network. Angela, thank you so much for coming onto the show this week and sharing all the work you do. Thank you as well to all of you out there listening. See you next week! Connect with us Website | Twitter | Instagram

Inspiring the Next Wave of Female Tech Leaders and Angel Investors

Hello listeners! Welcome to this month’s bonus episode of Tech Forward. When it comes to startups, success is often measured by the amount of venture capital funding they’re able to raise. But is this really an accurate barometer for a startup’s success? Your host shares her thoughts on that subject in this mini episode. You can also check out her  blog post on this topic. Thanks for tuning in, and see you on Wednesday! Connect with us Website | Twitter | Instagram | Facebook

Bonus Episode: Redefining How We Evaluate Startup Success

Welcome back to Tech Forward, listeners! This week, for the first time, I’m interviewing two guests:  Gerri Kahnweiler and Cayla Weisberg, co-founders of Chicago-based InvestHER Ventures. InvestHER is an early stage investment firm that partners with and invests in female entrepreneurs. As a strong leader in philanthropy and civic engagement, Geri has a track record for empowering women and girls to reach their full potential. Her mission is to create funding opportunities for women who are focused on technology-enabled business services and data driven solutions for large markets. With her background in sales and a focus on people over products, Cayla offers hands-on thought leadership on startup scaling, pivoting, and operation excellence for InvestHER’s portfolio companies. We’ll be digging into the catalyst behind launching InvestHER, and how they’re working to level the playing field for female entrepreneurs across the country. Cayla and Gerri joined forces to launch InvestHER Ventures in 2016, a year when female founders received only 2.19% of venture funding. Considering one third of Chicago’s entrepreneurs are women, those numbers clearly aren’t the result of a pipeline problem. Recognizing this massive opportunity, Gerri and Cayla decided to focus on supporting female founders in the post-product, pre-revenue phase. They also assist these companies with customer acquisition, building a scalable sales funnel, and account management. “We have the easy job, really. The entrepreneurs have the hard job, and we’re there to support them. We admire each and every woman we connect with and evaluate.” When it comes to working closely with a co-founder, Cayla and Gerri stress the importance of communication, clear division of duties, and presenting a united front. With their very different backgrounds — Gerri in philanthropy, and Cayla in sales and entrepreneurship — they make an effective and efficient team. “All our decisions are made together. I would not make an investment in a company unless Cayla was on board.” They strongly encourage other female founders to “find the yin to your yang,” a partner whose strengths and opportunities complement their own. Both Gerri and Cayla have advice to share for women looking to get into investment. For anyone who already has funds to invest, Gerri recommends finding a local angel group, and working to understand the entire process from pitch to investment. Having witnessed this process play out many times, Cayla wants would-be female investors to know “there is no traditional path to investing anymore. A lot of funds are looking to hire people who have taken non-traditional capital risks in one way or another. Just because you didn’t go to business school doesn’t mean you can’t get into investing.” Cayla and Gerri, thank you so much for joining me on the show today to share the exciting work you’re doing with InvestHER Ventures. Thank you also to all of you out there listening, sharing the show, and reviewing. See you next week! Connect with us Website | Twitter | Instagram | Facebook

Leveling the Playing Field for Female Entrepreneurs

Welcome back to Tech Forward, listeners! On today’s episode, I spoke with Leslie Jump, founder and CEO at DifferentFunds, which is the first platform designed and built for investing in venture funds. Leslie has spent the bulk of her career building, advising, and investing in new companies, both in the US and worldwide. Most recently, she served as a Partner in Sawari Ventures, LLC, a Cairo-based early stage venture capital firm that invests in entrepreneurs across the Middle East and North Africa. Today, Leslie will share her inspiration for launching DifferentFunds, and how she’s helping a diverse network of more than 800 funds access the resources they need to support entrepreneurs globally. DifferentFunds began as Startup Angels in 2013, with the initial goal to match angel investors with startup investment opportunities. Eventually, however, Leslie and her team realized something critical: venture capital has a math problem. While the vast majority of venture funds have a median size of $60 million, most investors don’t consider funds under $100 million. What was really needed was a product that would allow the two sides of the marketplace to interact and transact with each other. On the DifferentFunds platform, qualified individuals and institutions can find, research, and invest in venture capital funds. The platform has a database of 900 highly diverse US-based firms, investing in everything from AI, to blockchain, to robotics, and more. In Leslie’s words, “Our job isn’t trying to guess who’s going to be the top of the top performers. We’re not trying to find the needle in the haystack that is the “best possible” fund. We’re building the haystack.” The diversity on DifferentFunds is also reflected in the makeup of the funds themselves: 65% of the funds have a woman, a person of color, or both at the helm. Rather than a unique outlier, Leslie asserts that the diversity is a reflection of reality, and the fact that, both in the US and globally, society is shifting towards true multiculturalism. With multiple studies showing that diverse teams outperform homogeneous teams, performance is a key benefit to highlight to the limited partners. “You want your investment to be high performance? This is how. These folks have a propensity to outperform others, they see opportunity where others might not. They are dialed in.” Venture capital is a young industry, which has historically relied on pattern matching in lieu of true business intelligence. Leslie and her team are aware of this, and actively collecting data and building models that will better equip investors to make smarter decisions. Thank you so much for coming onto the show this week, Leslie! I loved hearing about the work you’re doing with DifferentFunds, and your keen insights into the world of venture capital investing. Thank you also to everyone out there listening, reviewing, and sharing the show. See you next week!  Connect with us Website | Twitter | Instagram | Facebook

Using Technology to Mobilize Capital for a Diverse Group of Funds

Hello listeners! Welcome back to another episode of Tech Forward. This week, I hope you'll enjoy the rebroadcast of my conversation with Kevin Dedner, Founder and CEO of Henry Health. Henry Health's mobile app provides self-care and mental health support through culturally sensitive teletherapy, serving the population with the lowest life expectancy in the U.S. — black men. Kevin is an experienced public health leader, and through Henry Health, he is committed to leveraging the power of technology to add 10 years to the life expectancy of black men in the next 25 years by focusing on their emotional and mental health. Today on the show, Kevin will be sharing with us some of the challenges black men face when receiving mental health support, and how his product helps address that need. “There is a weight,” Kevin says, “a stress associated just with being a black man.” Unaddressed, that stress in combination with untreated mental health issues plays a significant role in the low life expectancy of black men in the U.S. While they do seek solutions, black men face considerable hurdles in receiving culturally competent mental health care. Behind Henry Health is Kevin’s vision of a trusted source for providing mental health services and self care support for black men. At first, Kevin approached this issue from an academic angle, drawing on his experience working in public health and researching the social determinants of health. Along the way, however, he had his own experience with depression, through which he discovered “that my suffering could be helpful to others.” Kevin’s first hand experience with depression has been crucial in the development of a product that truly addresses the emotional and mental health needs of black men in the U.S. In fact, he brings many facets of both his personal and his professional life to his work with Henry Health, because he sees his entrepreneurship journey as a mirror of life. “My entire career has prepared me for the work I’m doing now. But when I first started to think about what I could do to address the mental health needs of black men, I met a lot of resistance. As an entrepreneur, you know this happens, and you’re more in tune with it. If you can push through that initial resistance, you will find what you need to advance your idea.” Through Henry Health, users have access to teletherapy with professionals who have undergone training to understand the unique experiences of black men in America. They also have the option to participate in moderated groups where they can discuss issues related to stress in the workplace, single parenting, relationship issues, and self care. Also offered within the app are daily motivational messages from lecturer and researcher Dr. Dennis Kimbro. When it comes to utilizing social media in a positive way, “sharing these messages and affirmations really does play a tremendous role in people’s current condition and mental state.” Kevin, thank you so much for coming onto the show this week to share the important work you’re doing through Henry Health with our listeners. Thank you as well to everyone out there listening, reviewing, and sharing the show. See you next week! Connect with us Website | Twitter | Instagram | Facebook

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