Finery CEO: Having Women in the C-Suite Can Effect Change
Even as the #MeToo movement spreads to Silicon Valley, the disparity in venture capital funding by gender continues to be an issue. But that didn't stop Finery founder and CEO Whitney Casey from closing a $5 million round of funding.
Finery is the world's first automated online operating system for wardrobes. Casey explains why including women investors in the round was such a priority. She looks back on the difficulties of preparing presentations for male-dominated VC firms about a female-focused tech product.
Finery estimates women spend an average of two and a half hours a week thinking about their wardrobe. Casey describes how her company is helping free up some of that time and make women's lives easier. She discusses the difficulties of getting male investors to appreciate the problem her platform is solving.
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
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