Bring PowerUp into your region to empower women founders and bridge gender funding gap

Welcome to this week's edition of The Startup Station newsletter! In this issue, we're thrilled to shine a spotlight on PowerUp Globally , a groundbreaking non-profit program dedicated to empowering women entrepreneurs on their journey to success and producing the next generation of women leaders who feel limitless.

Additionally, we'll explore the unique perspective women bring to investing, delve into the intricacies of break-even analysis, and confront the persistent challenges that women entrepreneurs often face due to gender bias when seeking funding for their ventures. Join us as we celebrate the resilience, innovation, and boundless potential of women entrepreneurs and gain insights that promise to reshape the entrepreneurial landscape for the better.

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Do you want to connect with passionate people driven to build something new? The Startup Weekend Boston is a great place to do it.The event is for you if you want to meet and work with:1. VCs/Angel Investors2. Venture-backed founders3. Industry Experts4. Friends5. Tech & engineers6. Students from different universitiesThis is the place to be and we’re bringing this to Boston right at Wentworth Institute of Technology from September 22–24!Learn more on the website: https://lnkd.in/gMWGg73VOr Grab Tickets here: https://lnkd.in/gs355VNi

PowerUp is a unique non-profit program for women entrepreneurs designed to close critical gaps in their strategic planning, financial management, sales and hiring strategies. We establish a direct link between planning and execution to show you how to use our frameworks to supercharge your company's growth and Power Up.

Are you a company that may benefit from PowerUp? Only your VC fund can nominate you for the program, so tell them about it, and we can spearhead launching PowerUp in your area.

Sign up here to get the latest news and developments and follow the PowerUp LinkedIn page as we launch around the world.

Today it #tss_toolbox we’d like to introduce 32 cents,a private markets investment platform designed by women for women. They are specifically geared to reflect? differences in women’s approach to investing. Learn more about 32 cents and their club here.

Last week, we discussed an article in Shopify by Dayna Winter. It exposes the substantial challenges women entrepreneurs face in securing funding due to gender bias. The article showcases real stories and data revealing that 62% of women founders experience gender bias during funding efforts. However, the imbalance in access to capital for women and minority-owned businesses represents $4.4 trillion in missed revenue. The article calls for rectifying the gender bias issue to unleash innovation and economic growth and showcases positive initiatives like Shopify Capital, providing inclusive funding based on merit.

In this post, tell us your opinion about the main reasons for the gender bias in women accessing debt capital.

Break-even analysis is one of the key financial analysis tools. For example, it can tell you when your company or a given business unit becomes profitable or the minimum number of units you must sell to cover your company’s operating costs. Watch this video to find five examples of break-even analysis for the following business models: BTC SaaS Model, Marketplace, Services, BTC E-Commerce Model, and Wholesale Model.

There is a critical aspect of the gender funding gap that often resides within the minds of women entrepreneurs themselves. The perception of inadequacy and the tendency to let certain obstacles go unchallenged can indeed perpetuate the gap. It's a sentiment that needs to be addressed and transformed.

The journey of an entrepreneur, regardless of gender, is one that requires courage, resilience, and unyielding determination. When women empower themselves with the understanding that they are more than capable of navigating challenges, confronting biases, and advocating for their ventures, profound change can occur. Recognizing that change often begins from within, women entrepreneurs have the opportunity to break free from the constraints of self-doubt and embrace their strength and self-worth.

By fostering a sense of strength and fearlessness, women can not only defy the stereotypes that hinder progress but also contribute to reshaping the entrepreneurial landscape. The collaborative spirit is key – together, women entrepreneurs can amplify their voices, share experiences, and collectively challenge systemic biases.

As part of our commitment to let the world know about exceptional female founders, today we share the story of Odunayo Eweniyi, Co-founder and COO at Piggyvest, Co-founder and GP at FirstCheck Africa. Read this post to learn more interesting facts about Odunayo Eweniyie, Piggyvest and FirstCheck Africa.

ABOUT AUTHOR

Victoria Yampolsky,?CFA, is a serial entrepreneur and an experienced business and finance executive with extensive startup experience. She is the President and Founder of?The Startup Station, a CFO advisory and finance education platform for startups and small businesses, CEO of the?PowerUp, a unique program for women entrepreneurs designed to close critical gaps in their strategic planning, financial management, sales and hiring strategies.