SUNNYVALE, CA Aug 7, 2018 — Last week, more than 250 people gathered at Plug and Play Tech Center to hear female founders and female investors share success stories, and many left the venue inspired. Our very own founder, Heather Sittig, shared her experience of launching, funding and growing Relola.
Despite bleak averages when it comes to female participation in the tech workforce, the last 18 months have been all about empowerment and opportunity. And the overwhelming message at last week’s FoundHer event was about women with great ideas finding unprecedented access to funding and mentorship — from the ranks of women who have succeeded as both investors and entrepreneurs — but also from men for whom investing in women-led businesses is, well, good business.
Recall the Scandinavian study of global companies first reported by Bloomberg in 2017 that showed companies with a woman in the CEO or Chairperson role significantly outperforming the average. Since 2006, 25 venture firms — including powerhouses NEA, Canaan, Khosla, Kleiner Perkins Caufield Byers, Andreessen Horowitz — have closed more than 50 deals each backing female-founded companies.
“For me,” said Heather Sittig, “it’s not so much about supporting women in particular, but more about supporting everyone equally. I’m an advocate for meritocracy, and I believe the funding Relola has received thus far has been completely based on merit.”
"We know that women are founding companies in every field you can think of,” added Laura Marcolin, Co-Founder of Plug and Play FoundHer. “We want to do our part and play a role in the growth and support of businesses with women in leadership positions. We're off to a great start and have met many incredible people working on powerful technologies, including the Relola team, but there is still work to be done.”
The tech companies presented at the event — by their female founders — clearly demonstrate that women excel in many different fields. From fashion e-commerce to energy, and biometrics to social broadcasting, these women founders are literally doing it all.
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