Presenting Startup Summit — first 500 people join us for free

Presenting Startup Summit — first 500 people join us for free

Hello hello!

Here at EH, the team is thrilled to announce our first of many monthly live online events — Startup Summit — taking place April 8th from12 PM to 2 PM EST.

As a massive thank you for supporting our publication, the first 500 registrants attend for free.

Sign up and join entrepreneurs from across the world.

  • Former managing director of the world-renowned design firm IDEO and co-founder of IDEO.org and author of Making Conversation — Fred Dust — is set to speak on future trends.
  • EH’s very own weekly writer Aaron Dinin — Professor of Entrepreneurship at Duke and host of “The Web Masters Podcast — Insights from Internet Leaders” — will be providing us with “Pitch Tips.”
  • A guest appearance will also be made from a soon-to-be-announced team member of Accel Ventures — a VC firm that has backed companies like Facebook, Slack, and Hopin (the very platform we’ll be hosting the event).

Tickets will be going fast, so reserve your free spot now to listen to some thought-provoking talks from industry leaders and get to know fellow entrepreneurs, creatives, and investors to better write your startup journey.

What are you waiting for? Sign up here.


Presenting Startup Summit — first 500 people join us for free was originally published in Entrepreneur's Handbook on Medium, where people are continuing the conversation by highlighting and responding to this story.

Entrepreneur's Handbook – Medium

West Tenth’s app encourages women to start home businesses, not join MLMs

A new digital marketplace called West Tenth, now backed by $ 1.5 million in seed funding, wants to give women a platform to start and grow their home-based businesses. Through its mobile app, women can promote their business to others in the local community, then field inquiries and requests through the app’s integrated messaging platform, as well as finalize transactions through in-app payments.

The startup was co-founded by Lyn Johnson and Sara Sparhawk, who met when they both worked in finance. Johnson remained in finance, but Sparhawk later moved on to work at Amazon.

Johnson explains that her experience led her to better understand the economic inequality of women in the U.S., where they only own 32 cents to every dollar in financial assets than men own. A large driver of this is that women leave the workforce, often to raise children, which results in years where they don’t have earnings.

“We’re really good as a society at supporting women on the way of out of the workforce to care for their kids, but really terrible at supporting them on the way back in,” Johnson says. “Women know this, and as an alternative to employment that just seems to fail them, they’re starting businesses in droves.”

Image Credits: West Tenth

With West Tenth, the goal is to encourage this sort of entrepreneurship — and more broadly, to help women understand that the many of the talents they’ve developed at home are, in fact, potential businesses.

This includes opportunities like home-based bakers and cooks, photographers, home organizers or designers, home florists, baby sleep consultants, party planning and event services, crafting classes, fitness training, homemade goods, and more.

The company notes that the app isn’t necessarily closed to men, but the current market for U.S. home businesses favors women as they’re more often the partner who chooses to leave work to raise children. However, there are some men on its platform.

Though today many of these entrepreneurs market their home businesses on Facebook, they’re missing opportunities to reach customers if they’re not heavily involved in local groups and responding to requests for recommendations. West Tenth instead centralizes local businesses in one place to make discovery easier.

Image Credits: West Tenth

 

In the app, customers can browse and shop local businesses, filtering by category via buttons at the top of the screen. The results are sorted by distance and offer photos, description, and the starting price for the goods or services offered. Through integrated messaging, users can reach out directly for a quote or more information. Customers can also complete their purchases through the app’s Stripe payments integration. West Tenth takes a 9.5% commission on these sales.

Another key aspect to West Tenth is its education component, The Foundry.

Through a $ 100 per quarter subscription membership (or $ 350 per year), business owners will be able to attend bi-monthly events, including classes focused on the fundamentals of setting up home-based businesses, marketing, customer acquisition, and other topics. These classes will also be available à la carte at around $ 30 apiece, for those who want to pay per session.

In addition, attendees will hear from guest speakers who have experience in the home-based business market, and they’ll be able join mastermind networking groups to exchange ideas with their peers.

Image Credits: West Tenth

This system of combining education and networking with business ownership could potentially help more women become home-based business entrepreneurs instead of joining multi-level marketing (MLM) companies, as is common.

“When we started this, we recognized that MLMs are one of the few kind of industries that’s focused on this demographic of women who’ve left the workforce — which is a huge, untapped talent pool in the U.S.,” notes Johnson. “But they’re really predatory. Only the top 1% of sellers distributors really make money and the rest lose money. And they lose their social capital, as well. What we’re really interested in doing is becoming an alternative to MLMs in many respects,” she adds.

Not surprisingly, MLMs aren’t allowed on the West Tenth platform.

Image Credits: West Tenth

The startup, which completed Kansas City TechStars last summer, has now raised $ 1.5 million in seed funding to get its platform off the ground. The round was led by Better Ventures along with Stand Together Ventures Lab, Kapital Partners,The Community Fund, Backstage Capital, Wedbush Ventures, and Gaingels.

The funds will be used to develop the product and grow its user base. In time, West Tenth aims to build out product features to better highlight local businesses. This includes shopping elements that will let you see what friends are buying and video demonstrations, among other things.

Since 2019, West Tenth has grown its footprint from just 20 businesses on the app to now over 600, largely in suburban L.A. and Salt Lake City. It’s now aiming to target growth in Phoenix, Boise, and Northern California.

Image Credits: West Tenth

The timing for West Tenth’s expansion is coming on the tail end of the COVID-19 crisis, where things have only gotten worse for women’s traditional employment.

School and daycare closures combined with job losses that greatly impacted women’s roles have now driven more women out of the workforce compared with men. And according to McKinsey, women accounted for nearly 56% of workforce exits since the start of the pandemic, despite making up just 48% of the workforce. This COVID-driven “shecession,” as some have dubbed it, is also disproportionately impacting women of color, studies have found.

“We’ve seen 5 million women exit the workforce — some because they were laid off or furloughed, and a huge chunk because they’re opting out because the caregiving responsibilities just became overwhelming,” says Johnson.

“The thing is when women leave the workforce for caregiving reasons — for some reason we really discount that and we make it even harder for them to return to work. So I think over the next 18 to 24 months, we’ll see a big surge in economic activity in the home with women trying to bring in additional sources of income by running a business from the home,” she says.

The West Tenth app is available on both iOS and Android.


Early Stage is the premiere ‘how-to’ event for startup entrepreneurs and investors. You’ll hear first-hand how some of the most successful founders and VCs build their businesses, raise money and manage their portfolios. We’ll cover every aspect of company-building: Fundraising, recruiting, sales, legal, PR, marketing and brand building. Each session also has audience participation built-in – there’s ample time included in each for audience questions and discussion.

Startups – TechCrunch

Asked join start up but as contractor?

Hello,

I am looking for some input on a situation/opportunity. I was recently approached by a Startup to help them build out a software product. They are currently in the eCommerce space selling physical products. They want to build out a software product and sell it to their customers. Based on this software product they also want to raise capital. We discussed a few ideas on how their software product could add value to their customers. We discussed verbally that I would help them build out the software product in exchange for equity.

Essentially I will be the only Engineer/Technical person working on this product. I would have to design and develop everything from Database, Back-end, Web front-end, to Mobile App (iOS and Android).

I received an agreement document from them but I was a bit surprised to find out that it is essentially a contractor agreement with equity based on some milestones. No cash compensation. Each milestone has a portion of the equity attached. Some of the milestones are tied to the number of users using the product.

Edit: Just to clarify, I am not a freelance developer and I am not interested in becoming one. If I work on a start up I would want to be a partner especially if I am going to build the entire product from scratch.

Questions:

Is this the common way to bring someone on? If not, what is an alternative method to form this relationship from a legal perspective.

I feel uneasy about having the equity be tied to the number of users. Am I justified to feel this way or am I in lala land?

submitted by /u/kgainz
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Startups – Rapid Growth and Innovation is in Our Very Nature!

Techstars’ Neal Sáles-Griffin will join us at TechCrunch Early Stage 2021 to talk accelerators – TechCrunch

Techstars’ Neal Sáles-Griffin will join us at TechCrunch Early Stage 2021 to talk accelerators  TechCrunch
“nigeria startups when:7d” – Google News

What learnings will you share? Join the EU-Startups Summit online as a workshop speaker!

On April 28-30, 2021, we’re going to host our annual EU-Startups Summit online, bringing together over 1,500 startup enthusiasts, founders corporates, angel investors, VCs, and media from across Europe. This year’s special virtual edition will be easy to drop into, full of concise and valuable entrepreneurial advice from many inspiring speakers (entrepreneurs, investors, etc.), we’ll host…

This content is for members only. Visit the site and log in/register to read.

The post What learnings will you share? Join the EU-Startups Summit online as a workshop speaker! first appeared on EU-Startups.

EU-Startups

Join a conversation and AMA with Run The World on virtual events now and post COVID

Join TechCrunch for its first 2021 installment of the Ask Me Anything series, where TechCrunch interviews experts and answers your burning questions about virtual events.

Our first guest is Xiaoyin Qu, co-founder and CEO of Run The World

Friday, February 26, 1 p.m. PT

Register here

Run The World is a one-stop shop virtual events platform with a focus on community engagement. TechCrunch has written about Run The World in the past. It launched in 2019, with backers like Andreessen Horowitz and Founders Fund, and skyrocketed in popularity when COVID canceled in-person events and created an overwhelming desire for one-on-one connection. Run The World has since grown to 45 employees and has hosted more than 10,000 events, including for TechCrunch. 

At this AMA, Xiaoyin and TechCrunch will discuss: 

  • How COVID changed the virtual event roadmap
  • What virtual events look like when in-person events come back
  • Lessons learned from managing products at Facebook and Instagram
  • What’s next for Run The World
  • Audience Q&A 
  • 1:1 networking using Run The World

Who should attend? Event organizers, event marketers, event sponsors. 

It’s free. Register here and submit your questions for Xiaoyin. 

Startups – TechCrunch

Block Party’s Tracy Chou will join us at TechCrunch Sessions: Justice on March 3

Tracy Chou’s resume is impressive. She interned at RocketFuel, Google and Facebook before becoming a software engineer at Quora and Pinterest. She is also a major advocate for diversity within the tech industry, launching Project Include in 2016.

Now, she’s the founder and CEO of Block Party, a platform aimed at making people feel safer on social media platforms.

Obviously, we’re absolutely thrilled to announce that we’ll be sitting down with Chou at TechCrunch Sessions: Justice in early March.

Block Party was born specifically out of Chou’s experience working at places like Quora — building a block button was one of the first things she built after being harassed on the platform. As an advocate for diversity, and a big name in the tech sphere in general, Chou has had her fair share of experience with online harassment.

Chou will join us as part of our Founders in Focus series, talking to us about the process of spinning up and launching Block party, as well as her strategies around growing the business. We’ll also talk through how Chou makes product decisions for a platform like Block Party, which tackles sensitive issues of safety and well-being.

Chou joins an outstanding cast of speakers at TC Sessions: Justice, including Arlan Hamilton, Brian Brackeen and a panel that includes the likes of Netflix’s Wade Davis and Uber’s Bo Young Lee.

The event goes down on March 3, and will explore diversity, equity and inclusion in tech, the gig worker experience, the justice system and more in a series of interviews with key figures in the technology community.

You don’t want to miss it. Get a ticket here.

Startups – TechCrunch

Join Fuel Capital’s Leah Solivan at TC Early Stage and hear how to avoid early founder mistakes

When you’re just starting out building your company, there’s obviously a lot that can go wrong. Especially if you’re a first-time founder (but even if you’re an experienced serial entrepreneur), it can be hard to spot the potential pitfalls that might lead you astray before you even really get rolling. That’s why we’re thrilled to have Fuel Capital General Partner Leah Solivan joining us at TechCrunch Early Stage — Operations and Fundraising on April 1 and 2 for a discussion about how to avoid making some of the biggest mistakes early in your founding journey.

Solivan brings her keen insight as an early-stage investor who has invested in and helped many early-stage companies spanning consumer tech, marketplaces, hardware and retail — but also her eight years of experience leading TaskRabbit, the startup she founded and led to a successful exit when it was acquired by IKEA in 2017. Between her time as an operator building a successful business and raising more than $ 50 million in venture funding, and her nearly four years investing and helping other founders build companies with Fuel, Solivan has unparalleled perspective on how to avoid common company-building problems early on.

Fuel CapitalGeneral Partner Leah Solivan. Image Credits: Meg Messina

At TC Early Stage this year, our two-day virtual event focused on entrepreneurs turning their startup dreams into reality, we’re focusing on both operations and fundraising, with a variety of top speakers ranging from investors, to accelerator managers, to subject-matter experts in key roles that startups need to invest in early on. The fully virtual event will include not only virtual panel discussions and interviews like our chat with Solivan, but also plenty of networking and opportunities for audience participation with our world-class speakers and guests.

Startups – TechCrunch

[DouxMatok in Candy Industry] Lorraine Niba, Jim Schulok join DouxMatok, maker of Incredo Sugar

DouxMatok has added two new executives to its U.S.-based team as it works to introduce Incredo Sugar — a sugar reduction solution based on real cane sugar and its flagship product recognized as a special mention in TIME’s ‘Best Inventions of 2020’ — to the North American market.

Read more here.

The post [DouxMatok in Candy Industry] Lorraine Niba, Jim Schulok join DouxMatok, maker of Incredo Sugar appeared first on OurCrowd Blog.

OurCrowd Blog