Female entrepreneurs have grown tremendously in the past few years and have proven their mettle in every field.
In the US, 51% of the businesses are owned by women, which are collectively contributing more than $1.5 trillion to the country’s economy. According to a 2015 study by American Express, a total of 340,000 new jobs were added by women-owned businesses between 2007 and 2015.
As a result, economists and academics have come to believe that women entrepreneurs have been so far an under-used resource who can rekindle the economic expansion.
While these studies & stats tell us about the rise of women entrepreneurs in the US alone, things are similar all across the globe.
Here we have listed 10 women-led startups that are making a difference in people’s life. Read the inspirational stories of these women entrepreneurs; know about their ventures, and how they are making their business grow.
Ashley Qualls started working with online businesses at the age of 9. She started her own website Whateverlife.com in 2014 when she was only 14 years old. Whateverlife.com provides free Myspace layouts & HTML tutorials to school & college students; thus, helps them build a solid foundation for their career. Ashley earned her first million dollars at the age of just 17 and about 360,000 students visit her website on daily basis to learn new things.
Alexa von Tobel came up with the idea of LearnVest while she was working at Morgan Stanley in 2006. She realized that she and her colleagues never had any kind of formal education on how to manage their personal finances. LearnVest focuses on helping young women develop knowledge on good finances in early life. By 2016, LearnVest had raised over $5.5 million in funding.
The idea of starting a dress rental marketplace for women came when Jennifer Hyman’s sister could not afford a designer dress for an upcoming wedding. Heyman thought there should be a solution for this challenge that every woman faces every once in a while. Together with Fleiss she brainstormed over the idea & came up with Rent the Runway.
Till date, they have raised approximately $116 million in venture capital funding for their startup. Today, Rent the Runway has over 4 million members and the company is growing at a rate of 20,000 new users per week. Rent the Runway has also come to be known as the Netflix of the fashion industry.
Payal Kadakia and Marry Biggins believe that great workout has the power to make everyone feel their best self. With a similar zeal, they created a US-based fitness startup called Class Pass. Class Pass offers a flat-rate monthly subscription service to help member get access to fitness classes in 30+ American cities. According to a report by Wall street journal, the company was valued more than $200 million in a span of just 3 years.
Rachel Hollis founded Chic Events in 2004 in the typical Silicon Valley startup style – in her basement. Since childhood she had a desire for organizing the best parties and events. Her passion for this created Chic Events and created a new market for event organizers. She now focuses on high-end events like movie premiers, destination weddings, etc., and is a self-made millionaire.
Iba Masood founded her first startup Gradberry at the age of 22 as a fresh college graduate in the United Arab Emirates. The initial goal of Gradberry was to connect recent graduates in the Middle East to employers. Now, she and her team have transformed Gradberry into TARA, which has now become an Artificial Intelligence platform for recruitment and project management. TARA is a web-based chat-bot that is designed to help companies get jobs done that require freelance contractors.
Jill Donenfeld saw that people are very busy with their daily routine and wanted to create something that would make them eat healthier. Dish’s Dish is a customizable and healthy home chef service. A trained chef prepares a series of meals that you chose for the entire week. The company has also launched a video series to help people plan, shop and cook like professional chefs.
Entry point VR promises an unparalleled immersive web experience with unique applications for everyone from broadcasters to storytellers & advertisers. Carissa F. Flocken explains “Creators use our intuitive software to add custom, interactive experiences layered on top of their pre-recorded live-action footage, animations, and 360 live streams. This enables imaginative storytelling, advertising, and e-commerce possibilities”.
Juliette released her first book at the age of 16, which had sold over 100,000 copies. She came with the idea of Miss O and Friends at the age of 10, and by the time she was 19 the company was worth over $15 million. Missoandfriend.com focuses on the “tween” market. It is a fun website for girls where they can safely socialize, blog, win prizes, and more to build their self-esteem.
Design Flux was founded by two Electrical Engineering students (Kent Kristensen & Courtney Gras) in 2011. Frustrated with the complexity and discontinuity in energy storage systems, Kent & Courtney surrounded themselves with a team of experienced advisors and engineers to formulate a new paradigm in power management. Designer Flux Technologies’ efforts resulted in the creation and selling world’s first battery operated Cognicell: a software-defined solution to the complex power management ecosystem.
This article clearly proves how women all across the globe are growing by leaps and bounds. As a matter of fact, according to a First Round Capital report, companies with a woman founder perform 63% better than all-male founding teams.
These successful women of the business world, and many others, are an inspiration to countless aspiring women entrepreneurs who want to make it large.
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