'There’s been a lot of media and publicity over the last couple of years with All Raise, but the reality is that it takes years to build companies.' Why there are only two women-led companies on the 2019 Next Billion-Dollar startup list:
"It’s easier to be overlooked or underestimated because I don’t look like what most people think of when they hear trucking or trucker or even technology" company CEO, says Lidia Yan, the CEO and cofounder of Next Trucking. Photo by Tim Pannell forLidia Yan realizes she doesn't look like what most people expect a trucking company CEO to be—for one thing, she’s a woman, and she looks even less than her 5’2” next to a giant Peterbilt cab.
“There’s been a lot of media and publicity over the last couple of years with Time’s Up and All Raise and entirely female-focused venture funds, but the reality is that it takes years to build companies,” says Suzy Ryoo, a partner at the Los Angeles-based Cross Culture Ventures. “After the intentionality of the past couple of years has sunk in… I do think the number of women on the list will increase in years to come.
“The only numbers that I’ve seen that show even a hint of upward movement are when you cut the venture figures by deal count, which points to the fact that women are being included in deals, but not enough money is being put to work just yet on those deals,” says Dana Kanze, an assistant professor of organizational behavior at the London Business School who studies andObviously, a company’s valuation—and the Next Billion-Dollar Startups list—is based on more than just venture funding.
“One of the first people who believed in Front was Patrick Collison, the CEO of Stripe. He’s one of my mentors, and when I was raising our seed round, he recommended that the valuation I was seeking should have been 3x larger,” Collin told. She admits to leaving money on the table in the early days of fundraising for Front, and says she has regrets about that.
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