Diversity
A staggering £4bn of investment went to UK tech companies in the first half of 2020. The British Business Bank’s recent Government report, together with recent surveys by leading investment platforms like Stakeholderz, show that despite the challenges posed this year, investors are continuing to back the UK’s high growth tech companies, with many indicating they will invest the same or more over the next year. Tech has long proved to be a lucrative and attractive sector for investors and entrepreneurs.
“I’m starting to think my profile could be an asset for the business,” a brilliant female founder confided over a virtual Zoom coffee a couple of weeks back (I miss real life, barista made flat whites and hugging clients hello but that’s a sidebar). “I always want to make it about the business but I think I could be a bit of an asset.”
We at The WealthiHer Network have delved into the challenges facing female entrepreneurs in today’s society, the potential they create economically and socially, and the turnaround traits needed to drive recovery for all. Our fear is that without positive action, the path to recovery for female entrepreneurs is under threat… especially in a post COVID-19 society.
The year 2020 is a year like no other. While data shows the pandemic hasn’t affected the overall amount VC dollars invested in tech companies (on par with previous years; US), it has already had a disproportionate effect on the funds allocated to women-led businesses. Venture checks for female founders are at their lowest since 2017. The broader picture is even grimmer, with a real threat to roll back the last 30 years of economic progress for women (according to the International Monetary Fund).
It is no secret by now that we are huge supporters of encouraging more females into the tech industry, and closing the gender equality gap. We have recently released out latest issue all about Women in Tech, where we spoke to some amazing females and heard some empowering stories from both males and females in the industry. However, to hear from some more inspiring females and males about the tech industry, and particularly the role women have within it, then head along to the 4th annual conference from Women in Electronics.
A woman’s work is never done. This phrase is now more poignant than ever as we grapple with the new realities posed by the current pandemic. It is, however, especially true for successful female entrepreneurs who are left dealing with the struggles of everyday life whilst trying to run a thriving business.
In my previous blog, I considered the steps necessary for business leaders to close the gap between rhetoric and reality on racial equity at work. This time, I wanted insight on what is actually happening on the frontline. I sat down with award-winning business strategist and founder of The Black British Business Awards, Melanie Eusebe. She has risen to the upper- echelons of the corporate world, and in our broad conversation offered her perspectives on corporate responsibility, solidarity, and how we sustain the current momentum.
Some people are doing very well out of the pandemic – the fraudsters. That’s because the chaos COVID-19 has caused makes it far easier for them to operate. Have you increasingly been asked to provide personal data to strangers since March? Have you changed any of your habits? Gordon Ramsey himself couldn’t have created a more perfect recipe for rising fraud. How can you make yourself as safe as possible and if you have been a victim, what should you do next?
As part of our ‘Women in Tech’ focus we got the chance to speak to Lisa Krapinger, CMO at breathe ilo, who started working in marketing at Red Bull, leading the sampling and promotion team in order to combine her passion for sports with her career. Krapinger then moved to Heineken in brand management, where she was responsible for promoting the cider brands in Austria through sponsorships and events. Krapinger said: “What I realised from these two roles was that I loved working to build new brands and products up from scratch – hence why Carbomed Medical Solutions GmbH was the perfect next step in my career path.”










