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Although the “Girl boss” era is over, women entrepreneurs are far ahead before the term becomes mainstream in 2014. The famous female entrepreneur is Ms. CJ Walker. Beauty entrepreneurs in the early 20th century are often hailed as the first female self-made millionaire in the United States.
Although Walker is a pioneering entrepreneur, it is speculated that the title of America’s first self-made female millionaire actually belongs to her business competitor Annie Turnbo-Malone (Annie Turnbo-Malone). In the beauty industry, today, women are launching and operating businesses in various industries and sectors.
According to Fundera, more than 1,800 women start businesses every day in 2019. Currently, there are 12.3 million active women-owned companies in the United States, generating $1.8 trillion in revenue each year.
When women started companies at a record rate, there was a huge income gap between women-owned businesses and all private companies, because the $1.8 trillion generated only accounted for 4% of total private sector revenue. First Round Capital found that the women-led companies they invested in performed 63% better than the investment of the all-male founding team, suggesting that the income gap may be related to lack of funds and opportunities, rather than ability or business acumen.
Regardless of your gender identity or work style, everyone can get inspiration from female entrepreneurs who are driving innovation and creating the necessary changes in their industry. This is a list of female entrepreneurs you need to know.
Mandela SH Dixon: (Gym- Founder)
Mandela SH Dixon is a veteran and educator in Silicon Valley, who founded Founder-Gym in 2018. Founder Gym is a leading online training program designed to teach underrepresented founders how to raise funds to expand the scale of their startups.
To date, more than 440 Founder Gym graduates have raised more than $51 million for their business. In addition to sharing educational content for entrepreneurs, Mandela often shares behind-the-scenes footage, telling her life as a founder. A quote of her is given below:
“Do what you need to do, so you can do what you want to do”
Arlan Hemilton: (Backstage- Capital)
Arlan Hamilton is the founder and managing partner of Backstage Capital, a fund dedicated to bridging the gap between fundraising opportunities for people of color, women and/or LGBTQIA founders.
She started to establish a venture capital fund in 2015 after experiencing homelessness, and has since raised and invested millions of dollars in businesses led by individuals from underrepresented groups. In 2020, she released her first book “About the Damn Time”, documenting her journey. Here is a quote of her:
“I didn’t come here to get your scraps. I didn’t come here to get your pity or your charity. I came here to go toe-to-toe with you, head-to-head with you, and to take it all.”
Sherell Dorsey: (the-plug)
Sherrell Dorsey is a data journalist, strategist, CEO and founder of The Plug (data platform), a digital platform for sharing news and data insights related to the black innovation economy.
Sherrell launched The Plug in 2016, Since then, the platform has been extended to now have paid members, thousands of subscribers, and raised $500,000 in funds. Prior to founding The Plug, Sherrell held marketing positions at Uber and Google Fiber. A quote of her is given here:
“I wasn’t sure what it was, i just knew this service should be out there”
Shannan Monson: (CEO-school)
Shannan Monson is a serial entrepreneur who started his career as a personal trainer and registered dietitian. After building her own successful health business and advising startups in Silicon Valley, she turned to lecture other entrepreneurs on business growth strategies.
Now, she focuses on helping female entrepreneurs develop service-based businesses to establish a passive, scalable source of income. A famous quote of her is here:
“You can have it all, but you can’t have it all right now.”
Morgan DeBaun: (Blavity)
Morgan DeBaun founded the media company Blavity, Inc. in 2014. Since then, Blavity has become a leading media and entertainment platform and is the parent company of well-known brands such as AfroTech and Travel Noire.
Founded the skin care series M. Roze Essentials and served as a business consultant for budding entrepreneurs through her “Work Smart Program”. An inspirational quote of her is given here:
“I have spent my entire life relying on light bulb moments and jumping in full-force”