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Archivo del Autor: Belen De Leon

Ready, Set, Raise — the Y Combinator for female founders — announces second cohort

About one-fourth of the startups in Y Combinator’s summer batch had a female founder. Not the most disappointing statistic if you consider this: Companies with at least one female founder have raised only about 11% of venture capital funding in the U.S. in 2019, according to PitchBook. Companies with female founders exclusively have raised just 3%.

There is so much room for improvement.

To close the funding gap, programs tailored to female entrepreneurs are working tirelessly to mentor and incubate upstarts in hopes of impressing venture capitalists. Ready, Set, Raise, an accelerator program built for women, by women, is amongst the new efforts to help female and non-binary founders raise more dollars, or, at the very least, build relationships with investors.

The accelerator program, created by the Seattle-based network of startup founders and investors called the Female Founders Alliance, is today announcing its second batch of companies, a group that includes a sextech business, an AI-powered tool for podcasters and a line of workwear created for women who work on farms, construction sites and factory floors.

Ready, Set, Raise has partnered with Microsoft for Startups to provide entrepreneurs $120,000 in Azure credits, as well as technical and business mentoring from executives of the Redmond-based software giant. Other new partners include Brex and Carta, two well-funded companies that plan to lend the support of their executives to teach entrepreneurs about startup finance, valuation and fundraising terms. 

“Both FFA and Microsoft recognize a major lapse in opportunities given to women and non-binary founders,” writes Ian Bergman, a managing director of Microsoft for Startups, in a statement. “We look forward to our continued work together to promote this necessary shift in the VC landscape.”

FFA’s founder and chief executive officer Leslie Feinzaig, who launched the organization in 2017, has been an outspoken advocate of diversity in entrepreneurship and venture capital, and well as providing awareness and resources for founders who are also parents.

“My experience fundraising was undeniably shaped by the fact that I am a woman, and at the time was a new mom,” Feinzaig, who previously founded an edtech startup, told Seattle Business Magazine earlier this year. “A year later, I was about to give up. Instead, I started a Facebook group, including all of the founders and tech startup leaders I knew. It was the group that I needed, made up of people who knew exactly what I was going through. That’s how the Female Founders Alliance was born.”

RSR Cohort 2 Twitter

 

FFA’s Ready, Set, Raise provides its companies childcare throughout the six-week program, in which companies work one-on-one with experienced coaches ahead of a demo day that will take place on October 16th. 

Here’s a look at Ready, Set, Raise’s sophomore class of startups:

  • Echo Echo: AI-powered tools for podcasters.
  • Give InKind: Coordinates support through major life events.
  • Honistly: A provider of extended auto warranties to help with short-term cash needs.
  • Juicebox It: Modernizes erotica with a chatbot that is arousing and educational. 
  • Panty Drop: A personalized intimates shopping experience for women sizes XS-6XL.  
  • The Labz: A platform that protects and memorializes creative content development in real time.
  • Tougher: Functional, well-fitted workwear for women in the skilled trades. 


Source: TechCrunch

Airship acquires A/B testing company Apptimize

Airship announced today that it has acquired Apptimize, an A/B testing company whose customers include Glassdoor, HotelTonight and The Wall Street Journal.

Formerly known as Urban Airship, the more concisely named Airship has built a platform for companies to manage their customer communication across SMS, push notifications, email, mobile wallets and more.

It says that by acquiring Apptimize, it can help customers test the impact of their messages. That means integrating Apptimize’s testing capabilities into the Airship platform, but the company says it will also continue to support Apptimize as a standalone platform.

“By combining Apptimize mobile app and web testing with Airship’s deep insight into customer engagement across channels, marketers and developers can focus innovation on the most critical areas while creating the seamless end-to-end experiences customers really want,” said Airship president and CEO Brett Caine in a statement.

The financial terms of the acquisition were not disclosed. Apptimize had raised a total of $18.6 million from US Venture Partners, Costanoa Ventures and others, according to Crunchbase.

Airship says it will be bringing over 19 Apptimize team members (a little less than two-thirds of the startup’s total workforce) across engineering, customer service and sales.


Source: TechCrunch

A Hack to Steal a Tesla, a Yelp Overhaul, and More News

Catch up on the most important news from today in two minutes or less.
Source: Wired

What on Earth Is Water Doing in Hawaii's Kilauea Volcano?

WIRED sits down with a geologist to learn how scientists might sample the newfound water—and why you shouldn’t panic and cancel your island getaway.
Source: Wired

The 2018 Apple iPad Pro cellular tablet is on sale on Amazon, starting at $1,000

Start your Labor Day 2019 weekend by bagging this rare deal on the 2018 Apple iPad Pro LTE tablet.
Source: Digital trends

Hackers Could Steal a Tesla Model S by Cloning Its Key Fob—Again

The same researchers who figured out how to clone a Tesla Model S key fob have done it again, cracking the replacement that was meant to fix the problem.
Source: Wired

Ex-Uber Engineer Levandowski Charged With Trade-Secret Theft

Prosecutors say Anthony Levandowski took drawings and designs for self-driving technology from Google to Uber in 2016.
Source: Wired

Surface Pro 7: Everything we know so far about Microsoft’s next 2-in-1

The Surface Pro might have pioneered the 2-in-1 form factor, but the design has stayed the same over the last seven years. Here’s what we’re looking to see from the Surface Pro 7,
Source: Digital trends

Get the new HP Spectre X360 for $950 with HP’s Labor Day sale

Usually retailing for $1,150, HP’s Labor Day sale is cutting $200 off the price of the Spectre X360 13t. With its solid productivity performance, battery life, and exotic look, this Windows 10 2-in-1 convertible is a favorite of ours.
Source: Digital trends

Microsoft confirms October 2 event. Could the two-screen Surface finally debut?

Microsoft has offically confirmed and sent out a “Save the Date” invite for an October 2 media event, making it the perfect opportunity for a reveal of the long-rumored dual-screen Centarus device. 
Source: Digital trends

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