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The Wrap 9 October – Our Weekly Round-up of Funding News

by DIANA DORAHY|9 October 2020

Hi and welcome to The Wrap a quick look at the week that was, I’m Diana Dorahy.

 

A warm welcome to our three guest hosts this month; Investor-in-Residence, Zarmeen Pavri, General Partner at SDGx, Entrepreneur-in-Residence, Patti Hunt, Founder & Director of MAKE Studios and our own Nicole Denholder who is teaching the Masterclass this month on crowdfunding. She covers the key steps in the campaign process including designing, running and post-campaign actions. Plus, hear lots of examples of successful campaigns.

 

In funding news this week:

JP Morgan has announced it’s hit the halfway mark in its pledge to lend $10 billion to women small business owners.

The three year program was announced last year and so far they’ve given away $5 billion to help women grow and scale their businesses.

 

My story of the week goes to:

The Q&A we did with our Investor-in-Residence this month, Zarmeen Pavri. Her firm, SDGx is a private UN Sustainable Development Goals (SDGs) technology funds management and advisory group.

Pavri says that before investing, they spend a long time working on the human factor, inviting potential investees to go through a series of assessments to see where the attitude and approach gaps are. 60% of businesses fail in the first three years because of leadership and/or management issues. So, if your investor isn’t asking you lots of questions about how you run your business, they may be failing you on the due diligence front.

She also talked about successful business models like the “platform strategy”. The more users you add to the platform who then interact with each other creates more value, which in turn creates a network effect which can then be monetised. Think Facebook. If only.

Plus, she gave this advice – figure out exactly what type of capital you need. She says there are 7+ types of capital available – financial, social, human capital, material, intellectual capital, cultural capital or network /experiential capital. Which one is right for your business? Great advice thanks Zarmeen.

 

Plus, Entrepreneur magazine has published the next list in its 100 most powerful women series. This time, we get to meet female leaders from 47 brands and businesses. Most of them are outside APAC but it’s always refreshing and inspiring to read about women who’ve made it and discover new ideas that have been well funded.

Interesting to read about those businesses which have significantly benefited during Covid. There’s Incredible Health, a platform for the fast and bias free recruitment of nurses, Blueland, the dissolvable, eco-friendly cleaning tablet and social networking app, Houseparty. I’ll put the link in our newsroom, have a read.

https://www.entrepreneur.com/slideshow/356977

 

My tip of the week comes from:

A piece entitled, Why Women should be Entrepreneurs:

  1. Make an impact: Women have unique insights and immense value that are sometimes best expressed outside of corporate career paths.
  2. Flexibility: Work-life balance doesn’t exist with many corporate, 9-5 jobs. In becoming an entrepreneur, you set your own schedule, allowing for extra flexibility.
  3. You can set your rates and charge what you’re worth: Unlike a regular job, you set the price for your business or service. You are not bound by a fixed salary.
  4. Market demand: Women have a keen sense of what’s missing within a market. They can innovate to fill a market demand for a specific product or service.
  5. Following a passion:  Entrepreneurship allows women to pursue the exact niche they thrive in.
  6. Circumventing the glass ceiling: Unfortunately, a glass ceiling still exists for females in the workforce, one example is the gender pay gap.
  7. Having more career control: As an entrepreneur, you’re in the driver’s seat, you have more control over who, what, where, and when you work.

 

Coming up next week on Next Chapter Raise

Nicole is presenting pitching fundamentals on the 13th brought to you by the Womens Entrepreneur Network. The session will include:

  • Key slides to include in a pitch deck
  • Three key steps in delivering a pitch presentation
  • The difference between TAM, SAM and SOM to explain your customer market
  • Different customer data points investors expect you to have including customer acquisition costs (CAC) and lifetime value (LTV)

 

Not to be missed.

In the meantime, have a great weekend and see you next time on The Wrap.

 

https://www.cnbc.com/2020/09/29/jpmorgan-lent-5-billion-to-women-entrepreneurs-over-the-last-year.html

https://www.leadpages.com/blog/women-entrepreneurs/?utm_source=drip&utm_medium=email&utm_campaign=Biweekly+Digest+-+2020-10-01&utm_content=It%27s+Women%27s+Small+Business+Month+%E2%80%94%C2%A0you+ready%3F