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Women@Austin Logo

Women Austin Launches to Advance Female

Inaugural Women@Austin Community Event Hosted at Capital Factory

 
PRLog - Feb. 10, 2014 - AUSTIN, Texas -- Austin, Texas– Feb 10, 2013 - Austin will soon have a very different kind of community to help advance female entrepreneurship – called Women@Austin (W@A). Today W@A announced a new inaugural event (https://www.eventbrite.com/e/womenaustin-launch-event-february-13-tickets-10177941497) taking place Thursday, February 13th from 6:30 – 8:00 pm CT at the Capital Factory (http://capitalfactory.com/) called “2014: Be Bold.” Women at Austin was hatched last fall when several of Austin’s most experienced female entrepreneurs and executives came together to bolster women’s ratios in Austin business – to make the city of Austin the most accessible, nurturing place for women-led businesses in the country.

“We have all the right ingredients to build a trusted network and what better way to give women entrepreneurs’ permission to break the old rules, by connecting them with female pioneers wanting to innovate,” says Jan Ryan, serial entrepreneur and founding leader of W@A. “This means showcasing women-led deals, celebrating and highlighting successes along with vetting business issues earlier in the lifecycle will help to improve the likelihood of successful deals.  Women need to be exposed to capital funding options earlier in the process so relationships are in place when they are needed.”

In order to accelerate Austin’s ratio of women in business, female entrepreneurs need three core areas that W@A will support:

Role Models- Women leaders are still a relatively new phenomenon and there is no existing ‘old girls network’ to turn to as a sounding board for advice. Women at Austin events are designed to bring together both experienced and aspiring women leaders for cross-pollination, early vetting and to boost connections with both women and men.

Funding Process - Fund raising is a relationship that relies heavily on investors wanting to deal with people they know or who have been vetted by a trusted network. A trusted network is essential for gaining credibility for inexperienced teams and to get feedback for course corrections.

Increased visibility - By focusing on actively celebrate the growth and success of women-led companies, W@A wants to increase the amount of exposure entrepreneurs and role models receive.

“An inclusive business culture is not just good for women right now, it’s a business imperative and an opportunity for Austin to lead by example,” says Morgan Flager, Partner at Silverton Partners.

National trends show that women will be a driving force of entrepreneurial growth in the future, despite the current gender gap that continues to go unaddressed. Last year only 4 to 8 perfect of venture funding went to women-led businesses nationwide with Austin only mirroring that number at best.

Women at Austin’s public debut will be the first in a series of events to be hosted at Capital Factory once a quarter. As the center of gravity for entrepreneur momentum in Austin, the Capital Factory has a growing number of women incubating their early stage companies in the popular accelerator.

“We have an above average number of women at Capital Factory for tech businesses, but we still jump at every opportunity to target women entrepreneurs and programmers,” said Joshua Baer, founder of Capital Factory. “The statistics have proven it – businesses are more successful when they have women on the executive team."

Speakers at W@A events will come from both inside and outside of Austin as members on peer panels will share valuable lessons learned. In the near future W@A plans to offer programs that encourage women’s full participation in the startup ecosystem by providing mentorship, early vetting of ideas and increased access to capital as well as the development of leadership and financial skillsets through privately curated lunches for investor meet-ups and themed mentor breakfasts.

At the heart of W@A is an experienced Steering Committee (https://www.facebook.com/womenataustin) of proven business women and entrepreneurs giving back, setting the direction and exploring ideas that will help drive growth for women in this region. The group represents 20 of the area’s most successful women committed to boosting diversity and female leadership in Austin.

Contact
Linsey McNew
***@wcgworld.com

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Contact Email:
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Source:Women@Austin
City/Town:Austin - Texas - United States
Industry:Business, Deals
Tags:Austin, women, mentors, entrepreneurs, funding
Shortcut:prlog.org/12280268
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