Silicon Valley Does Not Care About Female Founders (Guest: Lisa Fetterman, Founder/CEO, Nomiku)
Lisa Fetterman is here to tell it like it is. She's a gifted entrepreneur and inventor, and she cannot understand why Silicon Valley doesn't care about female founders. This is a must-listen edition of the show featuring some great insight on how to fix the diversity problem in tech.
People
Notes
-
Usually when comes to mind, it’s a white man because that’s the appearance we’ve all grown accustomed to in pop culture. In this podcast, Lisa Fetterman will make you rethink of who a startup founder is.
-
On This Is Your Life in Silicon Valley, Lisa Fetterman is introduced against the usual picture of a startup founder, the guy in a hoodie from HBO's Silicon Valley. She invented Nomiku, a home sous-vide immersion circulator, and she organizes female founders in tech. She says she grew up in China until she was seven, then in Port Washington on Long Island, and later moved to San Francisco. She went through Y Combinator with her husband and Nomiku co-founder Abe Fetterman while Sam Altman was leading the batch, and she mentions making the Forbes 30 Under 30 list. The host calls her message on gender diversity in Silicon Valley simple and unapologetic.
-
Lisa says that only 38% of companies are run by women, led by women, and only 2% got funding last year-- which is down from 3%.
-
It's because of unseen biases. People are not used to seeing women as leaders; therefore, they cannot imagine it. Silicon Valley is the magnification of the status quo.
-
Men should not demean women. They should start listening to women and what they have to say. What men should start doing is back women like they would back their male friend and give them the benefit of the doubt. Also, they should start thinking of the possibilities of what can go right with a female founder.
-
On This Is Your Life in Silicon Valley, Nomiku founder Lisa Fetterman says the biggest technology ever for cooking was fire, and that cooks have been trying to control it ever since. Her sous-vide circulator, she says, now holds heat to a tenth of a degree Celsius, which she calls revolutionary. Because the food is already at the target temperature, it scientifically cannot overcook, so you can leave it for hours and only sear it at the end. She describes the result as edge-to-edge juicy: the collagen melts into the muscle. That control of heat, not a new flame, is the Nomiku pitch.
-
The number one topic discussed is funding and how to obtain it. It's at 2% for female founders. How to change it? The simple solution is to fund them.
Related notes
- What Have You Learned From Your Experience as a Founder and Entrepreneur
- What Should Listeners Expect to Hear on the "what Fuels You" Podcast
- Why Did Jonathan Start Funding Only Female Founders?
- Are Female Entrepreneurs Good for Business
- What Investing Rule Did Jonathan Sposato Set for Female Founders?
- What Is One Thing That No One Tells You About Being a Founder
Related episodes
- Do You Prefer Starbucks, Blue Bottle, or Philz? (Guests: Philz Coffee CEO Jacob Jaber, Techcrunch Reporter Kate Clark)
- #092 – The Business of Bringing People Together with Derek Andersen and David Spinks of Bevy
- #1 Shauna Swerland
- Jonathan Sposato
- 017 - Taking the Better Together Pledge with Jonathan Sposato
- The Fear of Doing Something Insignificant
- How +3 failures led to a $150k/month SaaS, with Bernard Huang of Clearscope