The advisory board of the fintech startup Hashching aims to encourage more women in the fintech industry. The board notes that fintech, both in Australia and globally, is dominated by men in entrepreneurship and venture capital roles. The board members want to convey the message to women to have confidence in themselves and take risks to establish more fintech startups. They also acknowledge that societal expectations can discourage women from the income uncertainty of starting companies. The board hopes to serve as role models and that improving mentoring in schools could help boost female participation in technology entrepreneurship.
Funding Sme – The Challenges And Risk Within - Mezzanine Financing - Part - 8Resurgent India
Business owners need finance in order to invest but they want to retain control of their business and not give up valuable equity. For MSMEs the financing options are limited and private equity investors are usually interested in larger companies, while business angel investors are more active in start-ups. Furthermore, conventional bank lending is often not available for projects that could be classified as speculative. That’s where mezzanine finance comes in. Mezzanine finance is a fairly well-known type of funding, which sits between traditional bank debt and equity and it is exactly what many MSMEs need.
The Economic Impact of Female EntrepreneursKyle Lacy
In 1999, Babson College’s Diana Project published its seminal report on the state of venture capital investments in female entrepreneurs. This report set out to examine why fewer than 5% of all ventures receiving equity financing had women on their executive teams. While antiquated logic might have left you to quickly surmise that female entrepreneurs were neither prepared nor motivated to found high-potential businesses and as a result, were not good candidates for venture capital investors, the Diana Project report actually found stark evidence to the contrary.
Women indeed had the skills, expertise and experience required to lead high-growth ventures, yet, despite their preparedness and qualifications, were consistently left behind.
Fast forward to the second iteration of the report published last year. Unlike the bleak picture the original report drew, time shifted the landscape in the favor of female leaders. While there is still much progress to be made, the 2014 report uncovered immense growth. In fact, data from the report showed that between 2011 and 2013 more than 15% of the companies receiving venture capital investment had a woman on the executive team, compared with just 5% in 1999, proving that given the chance and access to the right networks, women can command equity financing to grow their businesses. And, to further show that women can and will succeed when given the opportunity, First Round Capital discovered just this week that their investments with a female founder performed 63% better than those with all-male founding teams.
Funding Sme – The Challenges And Risk Within - Mezzanine Financing - Part - 8Resurgent India
Business owners need finance in order to invest but they want to retain control of their business and not give up valuable equity. For MSMEs the financing options are limited and private equity investors are usually interested in larger companies, while business angel investors are more active in start-ups. Furthermore, conventional bank lending is often not available for projects that could be classified as speculative. That’s where mezzanine finance comes in. Mezzanine finance is a fairly well-known type of funding, which sits between traditional bank debt and equity and it is exactly what many MSMEs need.
The Economic Impact of Female EntrepreneursKyle Lacy
In 1999, Babson College’s Diana Project published its seminal report on the state of venture capital investments in female entrepreneurs. This report set out to examine why fewer than 5% of all ventures receiving equity financing had women on their executive teams. While antiquated logic might have left you to quickly surmise that female entrepreneurs were neither prepared nor motivated to found high-potential businesses and as a result, were not good candidates for venture capital investors, the Diana Project report actually found stark evidence to the contrary.
Women indeed had the skills, expertise and experience required to lead high-growth ventures, yet, despite their preparedness and qualifications, were consistently left behind.
Fast forward to the second iteration of the report published last year. Unlike the bleak picture the original report drew, time shifted the landscape in the favor of female leaders. While there is still much progress to be made, the 2014 report uncovered immense growth. In fact, data from the report showed that between 2011 and 2013 more than 15% of the companies receiving venture capital investment had a woman on the executive team, compared with just 5% in 1999, proving that given the chance and access to the right networks, women can command equity financing to grow their businesses. And, to further show that women can and will succeed when given the opportunity, First Round Capital discovered just this week that their investments with a female founder performed 63% better than those with all-male founding teams.
STANFORD CLOSER LOOK SERIES
Sign up to receive the latest research that explores topics, issues, and controversies in corporate governance: corpgovemail.com
By David F. Larcker and Brian Tayan, Stanford Research Spotlight Series, September 1, 2016
This Research Spotlight provides a summary of the academic literature on the influence that CEOs have on company outcomes (performance and risk). It reviews the evidence of:
• The contribution of the CEO to overall company performance
• The relation between previous managerial experience and future performance
• The relation between personal attributes and performance
• The relation between personality and performance
• Factors that might influence risk tolerance
This Research Spotlight expands upon issues introduced in the Quick Guide “CEO Succession Planning.”
The Business Case of Gender Diversity and the UN Women Empowerment PrinciplesAnke Domscheit-Berg
Presentation held at the Business and Professional Women's International Congress in Helsinki, Finland, 18.06.2011.
Topic: The Business Case of Gender Diversity and the UN Women Empowerment Principles
STANFORD CLOSER LOOK SERIES
Sign up to receive the latest research that explores topics, issues, and controversies in corporate governance: corpgovemail.com
By David F. Larcker and Brian Tayan, Stanford Research Spotlight Series, September 1, 2016
This Research Spotlight provides a summary of the academic literature on the influence that CEOs have on company outcomes (performance and risk). It reviews the evidence of:
• The contribution of the CEO to overall company performance
• The relation between previous managerial experience and future performance
• The relation between personal attributes and performance
• The relation between personality and performance
• Factors that might influence risk tolerance
This Research Spotlight expands upon issues introduced in the Quick Guide “CEO Succession Planning.”
The Business Case of Gender Diversity and the UN Women Empowerment PrinciplesAnke Domscheit-Berg
Presentation held at the Business and Professional Women's International Congress in Helsinki, Finland, 18.06.2011.
Topic: The Business Case of Gender Diversity and the UN Women Empowerment Principles
Social entrepreneurs go mainstreamNever let a crisis go to was.docxjensgosney
Social entrepreneurs go mainstream
Never let a crisis go to waste. Social entrepreneurs take this economic upheaval to be a blessing, providing a chance for business to transition from an anonymous, complex system to one that is direct and transparent.
Andrew Tolve | March 2009 issue
Oxford’s Saïd Business School student Claire Williams co-founded Hope Runs in Kenya to use running to empower AIDS orphans. Social entrepreneurship is “about creating sustainable businesses that work for the benefit of both the social good and the bottom line,” she says.
Photo: J. Carrier
In the wake of the 2008 financial flameout, most business people are, to put it mildly, downbeat. Banks aren't lending, consumers aren't spending and the prospects for the rest of the year seem grim. All of which makes social entrepreneurs, well, intensely—even passionately—optimistic.
"This is a slam dunk," says Willy Foote, the founder of Root Capital, which provides loans to rural businesses in Latin America, Africa and Asia. "The Wall Street meltdown provides a chance to think about how we transition from a financial system that is complex, opaque and anonymous to one that is direct and transparent."
The world seems ready for such a change. In the middle of one of the farthest-reaching financial collapses in history, U.S. President Barack Obama came into office faced with the challenge of delivering on his promise of change. People are tired of business as usual. The exasperation is palpable, but so is the hope that this time, we can and will do things differently. Social entrepreneurs have always believed this, and for many, it's their moment to shine.
"In a world where change is escalating exponentially, the only way we'll make it is if everyone has the mindset of a social entrepreneur," says Bill Drayton, a pioneer in the field and founder ofAshoka, which sponsors international leaders in philanthropic business. "The current upheaval is a great opportunity to flip the switch. We need to make everyone a change-maker."
That will require a lot of change. According to Kevin Lynch and Julius Walls, Jr., authors of Mission Inc.: The Practitioner's Guide to Social Enterprise (see excerpt on following page), "A social enterprise is a business whose purpose is to change the world for the common good." That's a tall order, but those at the vanguard of the movement are well placed to make it happen.
The field is "a response to the failure of both business and government to deliver on their promise to society," says Lance Henderson, vice-president of programs and impact at the Skoll Foundation, which, like Ashoka, nurtures transformation around the world. "Social entrepreneurs are very good at innovation and integrating sustainability into society."
Consider reading glasses. People start to lose their eyesight around age 40. In the North, we fix the problem easily at the local drugstore. But in the South, where glasses are far more difficult to find or afford, the problem is.
With a serious talent shortage on the horizon, the insurance industry needs to become an employer of choice for the next generation. Here's how to do it.
Mar 01, 2015 | By Melissa Hillebrand
Tu Bui • Transamerica Financial Advisors, Inc.
- Millennials and risk management by Katie Kuehner-Hebert
- High yield sector shows divergences
- Passionate about paying it forward (Nancy Hairsine, Foresters Equity Services, Inc.)
The Value of Women is our report on the financial case for investing in companies with women in senior management and Board positions. It also examines the importance of philanthropy focused on providing opportunity for women to impact their communities.
Investment in women is highly impactful. It is a key indicator for higher investment performance for investors.
1. Hashching cracking
ftntecfrs glass ceiling
Gender This advisory
board has a message
for women.
James Eyers
Like the global technology industry
more broadly, Australia's fintech scene
isa very male-dominated world.
While MoneyBrilliant co-founder
Jemma Enright and Timelio founder
Charlotte Petris are obvious excep-
tions,Australia's fintech entrepreneurs
are mostly men. So are the vast major-
ity of their venture capitalist backers
and teams of software engineers. Ifs a
similar pattern around the globe.
But Siobhan Hayden says it doesn't
need to be this way. The former chief
executive of the Mortgage & Finance
Association of Australia has a message
for girls seeking to start fintechs to dis-
rupt the financial services industry.
"Back yourself- people need to back
themselves," said Hayden, who last
week joined the advisory board of the
mortgage broking disrupter, Hashch-
ing. Another new, high-calibre mem-
ber of the Hashching advisory board,
ClaireWivell Plater, agrees.
Reflecting on a career path which
saw her become partner of a law firm
at age 30,Wivell Plater, now managing
director of financial services law firm
TheFold Legal,saiddeveloping healthy
confidence is a crucial factor for start-
up success.
"I have always backed myself," she
Continued p19
Hashching advisory board members Siobhan Hayden, Helen Lorigan and Claire
Wivell have a message for budding female entrepreneurs, PHOTO:JESSICA HROMAS
Page 1 of 2
13 Sep 2016
Australian Financial Review, Australia
Author: James Eyers • Section: Companies and Markets • Article type : News Item
Classification : National • Audience : 50,288 • Page: 15 • Printed Size: 379.00cm²
Market: National • Country: Australia • ASR: AUD 6,627 • Words: 642
Item ID: 655964404
Licensed by Copyright Agency. You may only copy or communicate this work with a licence.
2. From page15
Hashching cracking
fintech's glass ceiling
said.It's now time for Australia to boost
its efforts to encourage as many young
women as possible to adopt a similar
mentality, she suggests.
"As much as we would like to think
that it is changing, I don't think it is
changing as fast as we need to - to
encourage women to be entrepreneur-
ial, and take those risks."
Helen Lorigan, a former senior exec-
utive at both ANZ Banking Group and
Commonwealth Bank of Australia, is
also a member of the Hashching advis-
ory board and says young women's
commitment to family while living in
expensive inner city housing markets
also plays its part in dissuading them
from forming start-ups.
"You have to be prepared to have no
certainty of income for three or five
years, and to replace that with some
other part-time source. There's a soci-
etal force that youngwomen are averse
to doing that"
But more effective mentoring in
schools and universities could help to
lift female participation in the innova-
tion economy, Lorigan said.
"It is not just about an incubator
providing it but also the education sys-
tem - so when kids are at school and go
to university, entrepreneurialism [is
shown to be] a valuable career path. I
don't think we have addressed that at
an educational level."
Allthree women say they are excited
about helping to guide the growth of
Hashching, which launched in August
last year, and has received applications
for loans for more than $1 billion.
It isreceiving more than 500 applica-
tions a month, with more than 1200
mortgage brokersjoining the platform,
which offers document and customer
relationship management features to
streamline application processes to lift
customer service. The technology is
making brokers more effective against
banks who would prefer to sell mort-
gages through their own branches.
Victor Jiang, the founder of Sapien
Ventures, a fintech VCfund invested in
Hashching earlier this year, which pro-
posed the advisory board, says it is a
happy coincidence that its three new
members are women.
Each were chosen for their experi-
ence and expertise rather than their
gender. "We actually realised post the
event they happened to be all female, it
was not a conscious decision. But what
a great advisory board we have ended
up with," he said.
"They are all very strong, capable
and experienced. And now they are on
board, the composition of the board
can send a powerful message to
industry, and to the market
"These women can be a great role
model for other fintechs, for female fin-
ance professionals, and for budding
entrepreneurs."
You have to be
prepared to have no
certainty of income
for three...years.
Helen Lorigan
Page 2 of 2
13 Sep 2016
Australian Financial Review, Australia
Author: James Eyers • Section: Companies and Markets • Article type : News Item
Classification : National • Audience : 50,288 • Page: 15 • Printed Size: 379.00cm²
Market: National • Country: Australia • ASR: AUD 6,627 • Words: 642
Item ID: 655964404
Licensed by Copyright Agency. You may only copy or communicate this work with a licence.
![From page15
Hashching cracking
fintech's glass ceiling
said.It's now time for Australia to boost
its efforts to encourage as many young
women as possible to adopt a similar
mentality, she suggests.
"As much as we would like to think
that it is changing, I don't think it is
changing as fast as we need to - to
encourage women to be entrepreneur-
ial, and take those risks."
Helen Lorigan, a former senior exec-
utive at both ANZ Banking Group and
Commonwealth Bank of Australia, is
also a member of the Hashching advis-
ory board and says young women's
commitment to family while living in
expensive inner city housing markets
also plays its part in dissuading them
from forming start-ups.
"You have to be prepared to have no
certainty of income for three or five
years, and to replace that with some
other part-time source. There's a soci-
etal force that youngwomen are averse
to doing that"
But more effective mentoring in
schools and universities could help to
lift female participation in the innova-
tion economy, Lorigan said.
"It is not just about an incubator
providing it but also the education sys-
tem - so when kids are at school and go
to university, entrepreneurialism [is
shown to be] a valuable career path. I
don't think we have addressed that at
an educational level."
Allthree women say they are excited
about helping to guide the growth of
Hashching, which launched in August
last year, and has received applications
for loans for more than $1 billion.
It isreceiving more than 500 applica-
tions a month, with more than 1200
mortgage brokersjoining the platform,
which offers document and customer
relationship management features to
streamline application processes to lift
customer service. The technology is
making brokers more effective against
banks who would prefer to sell mort-
gages through their own branches.
Victor Jiang, the founder of Sapien
Ventures, a fintech VCfund invested in
Hashching earlier this year, which pro-
posed the advisory board, says it is a
happy coincidence that its three new
members are women.
Each were chosen for their experi-
ence and expertise rather than their
gender. "We actually realised post the
event they happened to be all female, it
was not a conscious decision. But what
a great advisory board we have ended
up with," he said.
"They are all very strong, capable
and experienced. And now they are on
board, the composition of the board
can send a powerful message to
industry, and to the market
"These women can be a great role
model for other fintechs, for female fin-
ance professionals, and for budding
entrepreneurs."
You have to be
prepared to have no
certainty of income
for three...years.
Helen Lorigan
Page 2 of 2
13 Sep 2016
Australian Financial Review, Australia
Author: James Eyers • Section: Companies and Markets • Article type : News Item
Classification : National • Audience : 50,288 • Page: 15 • Printed Size: 379.00cm²
Market: National • Country: Australia • ASR: AUD 6,627 • Words: 642
Item ID: 655964404
Licensed by Copyright Agency. You may only copy or communicate this work with a licence.](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)