The rise of micro entrepreneurism; The magic behind hype and exclusivity on launch strategies; How to increase customer retention
Your weekly Newsletter on Women in Tech and Venture Capital
Welcome to Femstreet, a weekly newsletter featuring must-read content by female operators and investors. I try to make this one of the best emails you get each Sunday morning. If you enjoy this issue, please like it above. Join our premium membership today to connect with and learn from peers and experts, leverage resources and discover career opportunities.
Hi friends 👋 This is issue No. 145. I get asked a lot about how I manage my fulltime investor job and side hustle. I believe it’s a question of time and more importantly energy management. Working on Femstreet has always given me a ton of energy. I recently chatted to Adrian Alfieri of The Proof about my German roots, morning routine, and on learning to say no.
Here’s what you will learn in today’s newsletter:
What the rise of micro entrepreneurism means for the labor market.
The processes to increase customer retention.
Why you should always pick the tough challenges.
The effects of hype and exclusivity on launch strategies.
Kirsten Green’s Forerunner Ventures has raised a new $500 million fund. Emily Kramer, Carta’s former marketing VP, is suing over gender discrimination after spearheading report on unequal pay. Slack board member and former Goldman Sachs head of HR Edith Cooper, is launching the career development startup Medley with her daughter, Jordan Taylor. Inside the Staycation Economy. More women are top VC decision-makers, but parity is a long way off. 7 Questions with All Raise CEO Pam Kostka. Sora, founded by CEO Laura Del Beccaro, raised $5.3m to for its no-code workflow builder to automate employee onboarding. TikTok Star Addison Rae is launching a Spotify-exclusive podcast with her mom. Typical self-care practices don’t work for startup founders. Here’s one thing that does. Upfront Ventures partner Kara Nortman and Natalie Portman founded Angel City to bring a National Women’s Soccer League team to Los Angeles by the Spring of 2022.
From The Investor
The history of labor in the US has been a tension between the need for independence and economic security. An Empowered Economy is where these two are reconciled and workers can thrive. Here’s more on the ways increased entrepreneurism will manifest in corporations, employee-owned businesses, and independent work. Jomayra Herrera / Cowboy Ventures
On picking tough challenges instead of easy ones. Shripriya Mahesh / Spero Ventures
Here is a list of some fun facts to demonstrate how Cindy Bi impressed founders to invest in their startups: from burger dinner, personalized & persistent messages, warm intros, matchmaking stories, “don’t get me fired” plea, lightening-fast wires, wait a few weeks to pay 2x price, and sometimes, love letters.
Unbundling meetings for a remote world. Monica Desai / Kleiner Perkins
“So what are you fundraising for?" This is one of the key questions often asked by investors during a fundraise. When creating a plan showing your cash needs you should consider the 3 categories: working capital, proven growth and experimental growth. Read more here by Joyce Liu / Designed to Scale
A simple framework and templates for early-stage growth. Nicky Kamra / Streamlined Ventures
Reimagining B2B commerce and why independent retail will thrive in America. Anu Hariharan / Y Combinator
Join Femstreet Premium
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From The Operator
The Value of a Velvet Rope: Effects of Hype and Exclusivity on Launch Strategies
None of us are new to the idea of hype and exclusivity around drops and launches. There’s a new playbook for consumer and enterprise businesses alike on how to execute a successful launch. In this piece, Gaby Goldberg and Jordan Odinsky analyze some of the most viral, successful launches in recent months and dissect the different strategies used. How were these launches successful in their own ways, and how did they each create their own version of a velvet rope?
Graduating in 2020 is one of the most confusing time periods to enter the workforce. Here’s how to navigate working remotely as a new grad. Shreya Sudarshana / Disney Streaming Services and Rachel Groberman / Linkedin
“Finding the right cofounder is hard, but breaking up with the wrong one is even harder.”
Investor friends weren’t impressed by her startup idea initially. Xiaoyin Qu of Run The World shares her journey of (possibly) predicting COVID, finding the "perfect" startup idea, and raising $15m.
Hosting virtual events? Here’s how to prepare, which platforms to uses and what to keep in mind. Oana Botez / Point Nine Capital
Nextdoor CEO Sarah Friar on the power of hyperlocal community, making the app safe for Black neighbors and diversity in the boardroom.
Looking for a job in VC? Here’s a list of resources about venture and startups you should bookmark. Paige Doherty / WorkOS
Why you need to hire a Chief Community Officer (and why “community” and scale are often opposites). Sarah Drinkwater / Omidyar Network
5 internal processes to increase customer retention
Net dollar retention is typically the north star metric for customer retention. Customer success teams can move the net dollar retention needle in two ways: reducing churn (and contraction) and growing their existing customer contracts. Cassie Young, Operating Partner at Primary Venture Partners, highlights 5 “plays” that companies should be embracing in their internal process playbooks as they work to minimize churn.
🗓️ August 12
Talis Capital’s Female Founder Office Hours
🗓️ September 9
How to hire a good CTO?
And In Case You Missed It
9 key lessons from enterprise experts- for everyone
Tips for founder personal brand building - for members only
How to build and scale a remarkable startup without compromising on people or culture - for everyone
6 lessons from building a business in a downturn - for members only
VC interview tips and templates with Going VC- for everyone
Thank you for being part of Femstreet this Sunday.
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Image credits: Banner (Fortune, Forbes, Glossier, All Raise, Canva, Ethel’s Club, OV, NYSE)
Written by Sarah Nöckel, Early-Stage investor at Northzone. All things workplace tech, data management and enterprization of consumer. Born in Germany. Based in London. You can find me elsewhere on Twitter and Instagram.