Discover more from Femstreet
A retrospective on shutting down a startup; Taking advantage when a window opens for you; Demystifying unit economics
Where women in tech lead, shape and fund the future.
Welcome to Femstree't’s life online. I’m Sarah and this is the 257th edition of Femstreet. If you enjoy this issue, please share it with your friends and like it above.
Phenomenal Ventures, built by Meena Harris and Helen Min, debuts with $6M to invest in enterprise, fintech and commerce. Susan Wojcicki steps down as CEO of YouTube after nine years. Worklife Venture’s Brianne Kimmel launches AI startup bootcamp with $20M. Marne Levine leaves Meta as Chief Business Officer where she oversaw the tech giant’s $113B advertising business, and Nicola Mendelsohn will inherit half her job. More Black women joined S&P 500 company boards in 2021-2022 than in any other year-long period in the last 15 years. Sam Eisler joins Lightspeed as Fintech Partner. Are all compliments “creepy”?
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From builders and investors in our universe…
Making the transition to manager
Imagine you are among the world’s best salespeople, so skilled at your trade that you are highly sought after. However, in many companies, the path to promotion and greater responsibility only comes through managing others. One day, you are asked to stop what you are doing and become a district sales manager. But what makes a great salesperson is different from what makes a great manager. Deb Liu shares a guide to becoming a manager…Read more.
Demystifying unit economics
Do you really know what it costs your business to sell one contract? What exactly is upsell / ‘cross sell’ in your company, and what does it cost? Dawn Capital’s Mina Mutafchieva dives into some of the core components of a scaling company’s unit economics…Read more.
Are you ready to hire a data scientist?
There are plenty of early founders who are keen to add data scientists to their teams. But at a startup where time and resources are strapped, diving into data science too quickly can distract from more pressing challenges facing the business on the path to scale. Notion’s Mengying Li on whether your business is well-equipped to build out the function now, how to build your data science team, choose third-party data tools and develop early data science prototypes…Read more.
A retrospective on shutting down a startup
Startups are hard, like really hard, and we don’t talk about failure openly enough. Lillian Cartwright was spending hundreds of thousands of dollars building a bullet-proof product that really never saw the light of day and was trying everything to boost low retention rates and failed to hit revenue targets. She shares that it takes more than venture capital, a strong product, and a smart idea to grow at VC rates…Read more.
Taking advantage when a window opens for you
There are moments in a company when a window opens - when stars align and a sense of inevitability starts to take over your company. More often than not, the window opens because you're executing: the product starts hitting a chord, growth is humming, you just hired a great exec or landed a great customer, and your confidence and conviction in your company's future shows. However, the window will close. Benchmark’s Sarah Tavel on why you have to do everything to maximise your moment for your company…Read more.
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In case you missed it
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