When it comes to venture capital and start-up culture, there is a huge gender gap. According to Pitchbook, in 2016 VCs invested $58.2 billion in companies with all-male founding teams. That number is significantly hiring than the amount of VC dollars that went toward all-female founded teams. The ladies received just $1.46 billion. When it came to the number of companies financed, 5,839 male-founded companies made the cut versus the just 359 female-founded firms.
Bossygrl is a new app and platform that is looking to help female entrepreneurs launch their ideas and create businesses. The app became available on December 6th and is focused on Gen Z.
Eileen Gittins is the founder and CEO of Bossygrl and she joins Cheddar to explain the need for her new company. Gittins is a successful entrepreneur who has received VC backing multiple times throughout her career. Gittins want to see a future where the opportunity gap between men and women no longer exists. For her, Gen Z was the smartest group to target because of their drive, connection to tech, and attitude toward work and acheiving success.
The union representing Southwest Airlines pilots says it reached a new contract agreement in principle with the airline following three years of negotiations.
U.S. Bank has been hit with a $36 million fine for freezing debit cards that distributed unemployment benefits during the pandemic.
Construction of new homes rose by double digits in November, according to data from the Commerce Department.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Stocks opened lower after the opening bell and on track for its first decline in 10 days after a recent winning streak.
Tesla drivers in the U.S. were in more accidents than drivers of any other car brand this year, according to a study.
The promise of self-checkout was alluring: Customers could avoid long lines by scanning and bagging their own items, workers could be freed of doing those monotonous tasks themselves and retailers could save on labor costs.
Monsanto was ordered to pay $857 million to students and parent volunteers at a Washington school.
A federal judge has struck down hundreds of lawsuits filed against the makers of Tylenol and generic acetaminophen.
California regulators are preparing to vote on new rules for turning recycled wastewater into drinking water.
