15 Oct Women entrepreneurs convene to talk launching in Texas, access to capital and Silicon Valley
Brazen, a membership organization for female CEOs and women entrepreneurs, recently partnered with Golden Seeds and law firm Polsinelli, to host cocktails and a thought-provoking conversation on the state of capital and current resources available for female entrepreneurs in Texas, specifically DFW.
The event, Money Talks: Why Female Founders Should Start, Build & Grow Their Businesses in DFW, not Silicon Valley, brought together nearly 100 women down to Polsinelli’s stunning offices for networking and a panel featuring an esteemed lineup of of thought leaders and experts on the subject of finance and entrepreneurship:
- Laura Baldwin – Managing Director, Golden Seeds, Dallas Chapter
- Samantha Colletti – Senior Vice President, Silicon Valley Bank
- Kim Folsom – CEO, Founders First Capital Partners, LLC
- Rick Jordan – Shareholder, Practice Co-Chair Venture Group, Polsinelli
- Nicole Mossman – Founder & CEO, EverThread
- Moderated by Jasmin Brand, CEO Launch DFW and Interim Director, Brazen DFW
The conversation ranged from questions on equity, Dallas’ supposed capital crunch and how to increase more participation among female entrepreneurs of color.
Some Interesting Statistics About Women-Owned Businesses
The number of women-owned businesses has grown drastically in the past year with women starting an average of 1,821 new businesses per day according to the 2018 State of Women-Owned Businesses Report produced by American Express. That is in the US alone.
Over the past 48 years, the number has increased from 402,000 to 12.3 million (31 times) as of 2018. Employment for these firms has grown from 230,000 to 9.2 million (40 times) and revenues have risen from $8.1 billion to $1.8 trillion (217 times).
Since 2007, the number of businesses started/owned by minority women has grown at an astounding rate of 163%. Latinas and African American women experience the most change with a growth of 172% (2.1 million) and 164% (2.4 million) respectively.
Texas has tied with Utah for the number of women-owned businesses who have most increased their economic clout since 2007.
Headquartered in St. Louis, Brazen Global launched nationally in late April and has plans to continue expansion with its unique business first approach in 2019.