933 Nicole Spiegel-Gotsch: Myth Busting

How to Let Go, Trust Your Team, and Scale Your Business

Landing venture capital investment isn’t easy for anyone, especially female founders of VC-fundable businesses, who receive less than 2% of all investments. This, even though a growing number of studies show that women-led businesses return 60 cents more on every dollar invested than men. 

That’s right; we’re a better investment.

Today we talk about the myths and biases women entrepreneurs often face when growing their businesses—especially when it comes to raising capital. 

Many male venture investors have the misconception that women are risk adverse or lack the confidence to build big scalable businesses. Women founders tend to bring a more calculated approach to entrepreneurial challenges, and never promise more than what they know they can deliver with 100% certainty. And because most male founders tend to overexaggerate their projections, VCs tend to discount every projection model they see, having the unforeseen consequence of making male investors think women-led businesses don’t have unicorn potential—when they do.

Nicole Spiegel-Gotsch is an advocate for women in entrepreneurship, challenging prevailing stereotypes and misconceptions about female business leaders. CEO and Founder of business coaching platform HelloMavyn®, Nicole argues against the notion that women are inherently risk-averse or lack confidence compared to their male counterparts. Instead, she emphasizes that what is frequently labeled as risk aversion is actually a more calculated and wise approach to risk-taking. 

Today we talk about the funding disparity and what it takes for women to have the confidence to change the power dynamics of the investor pitch, tackle unconscious male biases in the questions we get asked, and how to build confidence and resilience in the face of scrutiny and rejection. We also talk about what it really takes to scale a business.

More about Nicole Spiegel-Gotsch at hellomavyn.com

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More about Nicole at Hello Mavyn

Nicole Spiegel-Gotsch is the CEO and founder of HelloMavyn®, a startup advisor and business coaching platform to help female founders succeed at building, launching and growing their companies and challenging prevailing stereotypes and misconceptions about female business leaders. Nicole has worked with startups, small businesses and Fortune 500 clients for 20 years, with a focus on fostering entrepreneurship for social good. 

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