The secret of success by 5 women entrepreneur of the world
The secret of success by 5 women entrepreneur of the world
Author of the big life
Former editor in chief of seventeen
Interview of following women is consist in the interview:-
Author & founder of Bobbi Brown cosmetics
2)Jessica o Matthews
Ceo and founder of unchartered play
3 Jennifer Fleiss
Co-founder of Rent the Runway
Ceo & co-founder of code eight
Founder and CEO of Newme
5) Priya Malani
Founder of stash wealth
Inspiration can come from any direction.
But how do you take that new concept
and make it a reality?
In advance of the Inc. Women’s Summit,
I’m meeting up with some of my favorite entrepreneurs
to talk about what empowers them on a daily basis.
You have all created businesses
from out-of-the-box thinking.
What made you veer left?
when everybody else was going right?
When I moved to New York, it was the ‘80s.
And everyone was doing the over made up contour look.
I know it’s back.
I still don’t like contour.
So I would make up the models to make them
look like they weren’t wearing makeup.
And that was my calling card.
But there was no makeup
available that allowed you to do that.
I met a chemist one day at a shoot
and I said I can’t find a lipstick that didn’t smell,
wasn’t greasy, and I wanted to match lips.
Then I realized, “Wow.
This is something.”
jessica o. Matthew's answer:-
entrepreneurship, it wasn’t something that I aspired to.
I always wanted to be an inventor.
If I can be the perfect balance between
Beyoncé and Bill Nye the Science Guy every single day…
Now we’re installing our technologies around
different countries in emerging markets.
Turning everything from floors and roads to
baby strollers into energy-generating solutions.
You guys both touched on this idea of
identifying problems that existed in your life and looking
at ways that you could shape an industry,
rather than looking at the industry itself.
I started a fashion technology company
with my co-founder.
We had no fashion or technology experience.
We knew what it meant to buy a dress for $1,000,
wear it once, and then be photographed on
And feel like you could never wear it again.
So we were like, “Well, that doesn’t make sense.”
Renting dresses made sense.
If you thought too far down the road,
it could be easy to find all the why not’s versus
the how can you make this happen.
I want to hear Angela’s story talking about
how you are helping young entrepreneurs.
So I started NewME,
which is an accelerator for minorities in 2011.
We focus only on the technology industry,
which at the time, it was a young, technical,
white guys’ club.
I did not really start NewME as a business.
It was a problem that I wanted to solve.
And I thought it was going to be like a one-time project.
What do you see is standing in between
these women and the dollars that you know they need
When I work with men,
they are not scared to ask for money
even if what they’re working
on is mediocre.
But women can have something phenomenal
but it’s like we hold ourselves back.
So a lot of the work that I do in particular
with women is confidence building,
is getting them comfortable with asking for the money.
Priya, I want to talk about the impact you
are having on actual people:
helping them create wealth in the way that they've
never even thought of before.
Historically, financial planning has been
reserved for the wealthy.
And when I was working on Wall Street,
my clients were old and rich.
And all of my friends at the same time were
wondering where do we go for the answers.
There’s this completely underserved kind of ignored
demographic that we call Henrys,
high earners not rich yet.
I so often hear young women say,
“I just want to be paid what I’m worth.”
I don’t even know what that means.
And I very rarely hear young women say,
“I want to make a lot of money.”
It’s as if we all sort of internalize
this idea that the budget’s not there.
Research shows that men are four times more likely
than women to ask.
So at Stash Wealth, salary negotiations come up.
Set it as a goal though and it has
to be a very concrete goal.
Like I want to buy a $250,000 house
in three years so I want to get a raise
and let’s back into what you need to do today
to be on track.
The flipside that millennials have to be very careful of is
For example, one kid said,
“I feel like I really need to make x.”
I’m like, “Oh, that’s interesting.
For this job, if you do all of this research,
this is the highest you could get paid.”
And he’s like,
“Yeah, I didn’t really think about what the job was.I just kind of thought New York.”
What are you saying to me?
I don’t think women talk about comp
and salaries in the same way men do.
Women I advise, some of the most valuable
help I give them is actually talking in a
real way about what you should be making.
But getting the data out there—
that’s hard especially amongst women because they’re
fewer women who are in leadership roles.
I find younger women are much more transparent
with their salary.
For them it’s not TMI, it’s cocktail talk.
And I think that that lifting the veil
—is going to get us closer to equality.
–I think that’s really important.
In “The Big Life,” I have an entire chapter
devoted to the side hustle secret to success.
How do you know when it’s time to make you
Does side hustle your main hustle?
I fully believe in the side hustle and
in fact, when I worked in finance,
because I was not passionate about finance,
I would spend whatever time I had doing college essay
editing, which I kind of made all the business around.
But ultimately went to business school and
co-founded Rent the Runway in business school.
So I was kind of side hustling it.
I was taking classes but I’m
a pretty risk-averse entrepreneur so the whole way,
I had a timeline of milestones we had to meet.
And I think it was helpful for me and my co-founder,
kept us honest.
Ultimately one of those milestones was raising money.
And for me, raising money was another way
of checking myself on.
Was this a good concept that VC’s
would put their name behind?
So I very much believe that parallel processing,
kind of always having a little bit of a safety net,
and just being honest with yourself
if something’s not working.
And forcing that brutal honesty, it’s hard.
You need to be able to sell something
or it’s not a business.
Don’t quit your job.
Don’t do anything until you figure that out.
And then even after you figure that out,
you got to do a deeper dive into the customer
and try to find more customers like the ones
who gave you a dollar.
When I’m talking to young women,
they will ask me,
“How do you get ahead in a male-dominated industry
if you’re a woman?”
The advice I always give
is to forget you’re a woman, right?
You are a person with a good idea.
Just say it.
That was exactly the advice that I gave myself
was just to remember that you’re there like
any other employee
and to speak up when you have a great idea.
I did get called in once.
My boss told me that my attitude with
my colleagues were abrasive.
And I wasn’t sure if it was because
I was a female.
I’ve been in rooms with investors who are
supposed to be investing in women and people
of color and have the investor say,
“So who’s the tech lead on this?”I’m like, “It’s me.”.
“Well, who came up with this?”
I’m like, “Ask me a question first
and see if I don’t have the answer.”
And then all of a sudden they’re just like,
“So did your father help you…”
“Did my father, what?”
I actually disagree that you should forget
that you’re a woman.
Every single day I get up being like,
“Jessica, you are a black woman.
You’re going to have to do three times as much.
to get half as far.”
There’s this old idea
that women are in competition with each other.
That there’s backstabbing.
That there’s only room at the table for one woman.
But I’ve been so inspired by how
millennial women have replaced competition
Being someone who has been in the industry
for a long time, when I was first starting
my company especially with other makeup artists,
you would never give any advice.
Never would they ever tell you
—because everyone was a—right.
—I was about to say.
Everyone was in competition.
And now as I’m reinventing myself and
need some different things, they’re here.
Call this person. Do this.
This is where you get this.
This year I turned 60 and I started a new lifestyle brand.
There’s more and more opportunity.
And there are a million things you’re going
to end up doing.
On your own terms.
Be the entrepreneur of your life.