There’s an ongoing discussion in the media and social media that is both the pink elephant in the room, and a dirty open secret. We all know women lag behind in securing significant rounds of investment funds for their companies. Startups are poorly funded. Especially women of color, who are at a deficit due to limited access to opportunities. And as such, growth companies receive even less investment dollars than their startup counterparts because they can’t get attention beyond startup phase. The usual sound bite in the media is “we can’t find quality female founded companies with scalable, investable companies that fit our investment criteria”. But they could exist if given the proper nurturing and access.
Mogul Chix LLC (www.mogulchix.com) works with female founded companies who are beyond startup. It provides a community, content, and business education to women who are consistently turned away from investors. The end goal is not to secure funding for the companies, but educate them on building a solid company that can scale, has growth potential, and attractive to investors.
While there has been a very public pronouncement of investment funds saying VCs want to diversify their portfolio companies and include more female founded companies, behind the scenes, nothing changes because they don’t have to go searching for those companies. In fact, scalable, investable, female founded companies have become the true definition of a pink unicorn in that they are anomalies in the VC world. Entrepreneur, mentor and investor Adrienne Graham is changing the conversation and the playing field by providing opportunities for female founded companies who are ready to scale but don’t know how.
Mogul Chix is hosting the Weekend Intensive in Miami, FL September 24-25, 2016. Our Weekend Intensives are designed to help you solve those pressing business growth problems and get objective feedback, while helping you prepare your company to become investment-attractive. This intensive will give you a glimpse into what it would be like to be part of the Mogul Chix experience, understand what it takes to become an investment worthy company, and give you a look at the possibilities for your company to grow and scale. The cost is $899 per person, and an additional $250 if bringing a partner or co-founder. Or opt for a Saturday or Sunday Day Pass. Registration information is available at www.mogulchix.com/weekend-intensive/.
Mogul Chix is open to women past startup phase who are ready to construct a solid company that is attractive to investors who can see a chance for a return on their investment. Graham is looking to pick up where accelerators leave off in building the next wave of successful companies. Where many accelerators start each cohort assuming that many of the companies won’t make it, Graham is betting on a much higher success rate because the six month program focuses on internal infrastructure of a- talent planning, streamlining operations, product/service optimization, growth planning, customer strategy, sales process improvement, exit and succession, financial planning for female founders, managing the investor relationship and more. Members are even offered training to become investors themselves.
“Many times, entrepreneurs get a glamourized view of what it means to start a business and the relationship they’re supposed to have with accelerators. They’re told ‘hey come to our accelerator if you have a game changing technology or company, we’ll give you xx dollars to start, offer you mentors and classes, and you’ll be ready to pitch investors” says Graham. “But that’s not reality. Twelve weeks is not enough time when you have little to no traction, few paying customers, and aren’t taught about generating real sustainable revenue. A lot of times, companies apply for accelerators with this idea that it will make them the next unicorns” says Graham.
It’s no secret that women overall receive a fraction of a percent of venture capital dollars that are given generously to companies run predominantly by white men. When you narrow that down to women of color, the percentage is even slimmer. There are also other barriers to women for attending accelerators. Most women can’t uproot their families to attend an accelerator for three months. Most women need more than three months to understand what it takes to run an actual job producing, revenue generating company. And most women aren’t properly prepare for scaling and introducing long term planning for their companies. Accelerators, while they produce valuable connections and resources (as does Mogul Chix), don’t help companies build solid foundations to build a company on. They’re perfect for serving as a launch pad, but there are few that focus on sustainability and growth. It’s about getting to market as fast as possible and securing funding from investors at an accelerator.
“We want to eliminate the barriers for women, especially women of color, and give them a competitive edge. We want to introduce women to ideal channel partners, vetted investors, and mentors who bring a wealth of experience and connections. And open up the real conversations about running companies. I’m not trying to replace the accelerator model. Not by any means. I’m trying to build better companies” says Graham. “It’s time to stop talking about the disparities, and start creating opportunities that eliminate or minimize those disparities. We’re marrying opportunity and preparedness, and hopefully taking away the arguments used for not funding female founded companies”.
ABOUT ADRIENNE GRAHAM
Adrienne Graham is the Founder of Mogul Chix (www.mogulchix.com), a global company and community for female founders and women entrepreneurs. She works with female-founded companies to grow, scale & making them investment ready. She is CEO of Empower Me! Corporation (www.empowerme.org), a growth strategies consultancy for high growth companies. She provides Strategic Business Growth consulting services to companies with high growth potential to assist clients in creating processes and strategies to effectively scale, run, grow and position their business for success. Adrienne is an author, serial entrepreneur and avid techie dedicated to promoting inclusive diversity in the tech, VC and startup community. She is steadily building her empire one company at a time and has also founded CurvyGirlCloset.com, a shopping community for plus size fashionistas. She is a Mentor for the Straight Shot Accelerator in Omaha, NE, which helps guide startups into successfully launched ventures. And she is the former host of View From the Top Radio Show and former contributor to Forbes.
ABOUT MOGUL CHIX
Mogul Chix works with Female Founders to scale their companies, get them investment ready, and put them on the radar of the angel and VC communities. We’re changing the playing field by preparing Female Founders and educating investors to increase the number of funded women-led ventures that have the potential to scale, grow and provide the best return on investor investments. And we take those same Female Founders and train them to become the next investors.
We offer an annual membership, structured highly individualized business education, private & public events, monthly masterminds, interactive digital & streaming content, structured networking to build REAL relationships & strategic alliances, valuable mentorship and private consulting services.
SOURCE: Mogul Chix, LLC
CONTACT: Adrienne Graham or Tamra Henson, Mogul Chix, LLC, +1 (347) 450-7609 firstname.lastname@example.org
Websites: www.mogulchix.com www.empowerme.org
Linked In: www.linkedin.com/in/adriennegraham
Twitter: @talentdiva, @MogulChix
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Adrienne Graham is the Founder of Mogul Chix (www.mogulchix.com), a global company and community for female founders and women entrepreneurs. She works with female-founded companies to grow, scale & making them investment ready. She is CEO of Empower Me! Corporation (www.empowerme.org), a growth strategies consultancy for high growth companies. She provides Strategic Business Growth consulting services to companies with high growth potential to assist clients in creating processes and strategies to effectively scale, run, grow and position their business for success. Adrienne is an author, serial entrepreneur and avid techie dedicated to promoting inclusive diversity in the tech, VC and startup community. She is steadily building her empire one company at a time. She is also a Mentor for the Straight Shot Accelerator in Omaha, NE, which helps guide startups into successfully launched ventures.