7 Feminine Founders Who Took Their Tech Firms Public

Meet seven girls entrepreneurs who efficiently took their tech corporations public.

From scaling their startups to on the lookout for enterprise capital, feminine founders have made strides to degree the male-dominated tech taking part in discipline. Every year, we see extra girls entrepreneurs within the tech house, and numbers are solely anticipated to develop.

Feminine-led tech IPOs have additionally develop into extra widespread lately, however there’s nonetheless loads of progress to be made earlier than the startup world achieves gender parity.

As an illustration, solely 4 out of 442 U.S. IPOs that occurred in 2020 have been led by girls who based these corporations. Going public may be a good way for companies to achieve publicity to the open market, appeal to extra capital to develop, and enhance liquidity. Nonetheless, the IPO gender hole in the end makes it more durable for feminine entrepreneurs to exit their corporations and construct wealth.

Empowering girls in tech is a trigger that my group at KB Monetary Advisors is wholeheartedly invested in. Past being feminine based, a majority of our particular person clientele are girls, and we’re dedicated to serving to them obtain monetary independence and freedom. Recognizing girls who’ve elevated feminine illustration in tech IPOs is a step in the direction of our purpose.

So with out additional ado, meet seven girls who’ve efficiently taken their tech companies from inception to IPO.

Meet the founders:

1. Ann Marie Sastry

Firm: Amesite
IPO date: September 2020

This Michigan-based synthetic intelligence software program firm works to enhance studying. Amesite companions with instructional establishments and companies to ship disruptive expertise pushed by AI.

Ann Marie Sastry based the corporate in 2017. Beforehand, she co-founded solid-state battery firm Sakti3, which Dyson acquired for $90 million in 2015.

2. Whitney Wolfe Herd

Firm: Bumble
IPO date: February 2021

Based in 2014, Bumble’s inception was impressed by Whitney Wolfe Herd‘s concept to create a woman-centric social community. The unique idea developed into one of many largest relationship apps available on the market, distinctive for giving girls the ability to make the primary transfer on matches. The app additionally provides alternatives for customers to seek out mates and make enterprise connections.

The vast majority of Bumble’s board consists of girls, and its founder holds the report for the youngest feminine CEO to take her firm public, having finished so at 31.

3. Diane Greene

Firm: VMWare
IPO date: August 2007

Diane Greene co-founded software program firm VMWare in 1998, and offered it to EMC in 2004. The corporate went on to go public with Greene at its helm. Following her 2008 departure from VMWare, Greene grew to become CEO of Google Cloud till 2019, and has served on the board for the likes of Alphabet, Intuit, SAP, and Stripe.

Presently Greene serves as a Chairman of the Company on the Massachusetts Institute of Know-how, her alma mater.

4. Therese Tucker

Firm: BlackLine
IPO date: October 2016

Enterprise software program firm BlackLine develops cloud-based companies designed to automate and management all the monetary shut course of. Based in 2001, the Los Angeles-based enterprise has 11 workplaces worldwide.

Earlier than launching the corporate, Therese Tucker spent greater than 25 years working in monetary accounting and expertise growth.

5. Sheila Lirio Marcelo

Firm: Care.com
IPO date: January 2014

Based in 2006, Care.com is a web-based market for childcare, senior care, particular wants care, tutoring, pet care, and housekeeping. Sheila Lirio Marcelo based the corporate to handle an issue she confronted as a working mom: discovering caregivers for her kids.

Care.com has tens of thousands and thousands of members in quite a few nations. The corporate was acquired by holding firm IAC in February 2020 for $500 million. Extra just lately, Marcelo based Web3 training platform Proof of Study.

6. Rachel King

Firm: GlycoMimetics
IPO date: January 2014

GlycoMimetics is a late clinical-stage biotechnology firm discovering and creating glycobiology-based therapies for cancers and inflammatory ailments. Rachel King co-founded the corporate with John Magnani.

Earlier than launching GlycoMimetics, King was an Entrepreneur in Residence at New Enterprise Associates (NEA), one of many nation’s main enterprise capital corporations. The feminine entrepreneur additionally held management positions at Novartis and Genetic Remedy. Afterward, she led Genetic Remedy’s IPO and eventual acquisition by Novartis. King holds an MBA from Harvard Enterprise Faculty and served as chair of the Maryland Life Sciences Advisory Board beneath former Governor Martin O’Malley.

7. Julia Hartz

Firm: Eventbrite
IPO date: September 2018

International occasion administration and ticketing web site Eventbrite’s debut made an enormous splash, having one of many largest opening days, elevating $230 million. Julia Hartz co-founded the corporate with Renaud Visage and Kevin Hartz in 2008.

The tech firm has obtained reward for its optimistic workplace setting, and Hartz was named one in every of Fortune’s 40 Below 40 enterprise leaders in 2015. The feminine founder additionally obtained reward for her management all through the Covid-19 pandemic, which hit the occasions business particularly laborious.

Not the primary, and definitely not the final female-led IPOs

These seven girls weren’t the primary to take their tech corporations public, they usually most positively received’t be the final.

Gender parity in tech entrepreneurship is a methods away, however with the fitting assist programs and sources, we are able to proceed narrowing the hole.

I encourage any feminine founder studying this publish to ebook a name at present to speak to our monetary consultants about how one can obtain monetary success and well-being.