Female empowerment - an elusive and sometimes difficult concept, is Julia Pimsleur's life's work.
Having penned her award-winning business book Million Dollar Women last year, she now hopes to take the success and message of the powerful book further by holding a Million Dollar Women Summit in two weeks. Because the book's focus was to encourage and school women on how to take their businesses to the million dollar mark. Pimsleur is keenly aware of the lack of female representation in the upper echelons of business. To wit, she is laser-focused on helping to close the gap in this sense by coaching the aspirational entrepreneurs of today.
Pimsleur's summit marks a departure from typical conferences where attendees are preached to rather than engaged with. Keynotes from peers, mentoring sessions and face time with a plethora of executive talent will allow an opportunity not only for networking, but for brand enhancement, quality advice and a level of establishment one can only derive from being immersed in an exclusive event such as this.
What drove you to put the summit together?
You know that quote, "Do the one thing that scares you?"
I wrote Million Dollar Women because as an entrepreneur I was mad about two statistics: only 3 percent of all women entrepreneurs get to one million in revenues (meanwhile, it's 6 percent of men) and only 4 percent of venture capital is invested in female-led companies.
Now I am on a mission to help one million women get to one million in revenues by 2020.
After my book Million Dollar Women was published I started coaching women from all over the country on how to scale up their businesses in my Million Dollar Women Masterclass. They loved being in this online community but then they started asking "when are we going to meet in person?" I really had no plans for a summit at the time but it felt like these were signs that it needed to happen and was the next important step in the Million Dollar Women movement. But I was also terrified! I had never raised corporate sponsorship dollars, I have never organized an event for 150 people and I knew I'd need to call in pretty much every favor-which I have. The summit is going to be a game changer for the women who attend, as it includes coaching, interactive workshops, and a pitch competition.
What can budding female entrepreneurs expect to gain from the summit?
The summit is designed to help women fill in their knowledge gaps so they can accelerate their businesses more quickly. We survey all of our attendees and ask them what they need to learn. Then, we put them in interactive workshops on those topics with top-rated teachers.
We also match each attendee with a female founder coach in their same industry who has "been there, done that" and can provide lessons learned and contacts.
We end the day with a pitch competition, in which five attendees will present their companies to five judges (who would typically take months to get in front of), and one will walk away with a $50,000 investment and additional prizes.
Tell us a little about some of the event speakers.
The Muse's CEO Kathryn Minshew, who has spoken at MIT and Harvard, will serve as a keynote speaker, and will deliver a talk called "Breaking Down Barriers And Scaling Up". Alpana Singh, a restaurateur and Grand Master Sommelier, will join her as a keynote speaker delivering a talk on "Big Wine, Big Business". Other event speakers and panelists include Kim Kaupe and Brittany Hodak, co-founders of ZinePak; Chole + Isabel's CEO Chantel Waterbury, and Desert Jet founder Denise Wilson. Additionally, there will be a mentor from across a variety of industries to cater to all attendee questions.
What will the Pitch element add to the summit?
I go to a lot of women's festivals and conferences where people tell their success stories of fundraising or bemoan the lack of funding.
We decided to do neither and instead use that time to create an opportunity for five women to pitch in a relatively friendly and supportive environment and walk away funded.
I am passionate about seeing more women raise capital and scale up their businesses, so I am especially excited about this part of the summit.
Why, in your opinion are women so far behind in terms of becoming large-scale entrepreneurial success stories?
We have been starting companies at nearly twice the rate that men have over the last two decades but we are not yet "going big" in large numbers. This needs to change. Women really just need three things to get to the million dollar mark and beyond: the right mindset, skill set and network.
Why did you choose Microsoft as the summit HQ?
We are thrilled to be holding the summit at Microsoft, as they are such a friend to small businesses and to women entrepreneurs specifically. We have a deep partnership with them as they are true champions of female founders.
Will this become an annual event, and will there be summits in other cities?
The Million Dollar Women summit will be an annual event and we are in conversations with partners in other cities. For this, stay tuned!
What are you looking forward to most about the summit?
I am most looking forward to seeing the faces of the 150 women, knowing this will be a game changer for so many of their businesses. I wish I could have attended something like this when I was scaling up my business, Little Pim. I am also excited to celebrate the summit with the Justice League, my incredible advisory council, who conceived and executed the event with me and are a class A group of Superheroes!
"You're more than enough even when you're a work in a progress"
Award-winning journalist, and new author, Elaine Welteroth was once just a small town California girl with a big dream, almost so big she couldn't utter it out loud, of one day making it in the New York magazine world
Welteroth's foot-in-the-door opportunity was her out-of-college internship at Ebony Magazine. To land the internship, Welteroth repeatedly begged the assistant to the editor-in-chief for fifteen minutes of time with the editor-in-chief, Harriette Cole. Welteroth's minor stalking finally paid off when Cole reached out to her about six months later inviting Weltheroth to help with an Ebony photo shoot in California. What Cole did not mention on the phone, was that this shoot was Serena Williams' cover shoot. Welteroth's keen eye and natural ability on set led Cole to offer her a summer internship at Ebony.
When Welteroth's summer internship was over, instead of going back home, she continued to show up to work and continued to get paid. After a few months, Welteroth boldly changed her job title from intern to production assistant and people even started calling her production assistant. Around January, Welteroth realized she needed a raise and asked for $20 an hour. Welteroth managed to double her salary for a job she didn't technically have in the middle of the recession.
Welteroth impressed Cole with her hard work and creative eye and was later ultimately promoted to Beauty & Style editor. During her time at Ebony, Welteroth worked her way up the corporate ladder by working hard and knowing how to be bold and ask for what she believed her value was.
From Ebony, Welteroth landed a job as the Beauty & Style editor at Glamour magazine and was later promoted to senior Beauty Editor.
Shortly after Glamour, Weltheroth became the first ever African-American Beauty & Health Director at Teen Vogue. And, at just 29-years-old, Welteroth was promoted to editor-in-chief of Teen Vogue and made headlines as the youngest and only the second black editor-in-chief in Condé Nast history.
From Ebony, to Glamour, to Teen Vogue, Welteroth has pushed open doors for herself and claimed space in spaces that were not designed for her as a biracial black woman.
In her groundbreaking book, More Than Enough: Claiming Space For Who You Are (No Matter What They Say), Welteroth's empowering story is crafted from her desire to go "beyond the headlines and highlight reel to offer an honest portrait of what success really looks like for a leader."
In an interview at TBWA Chiat Day's Disruptor Series, Welteroth defined what the title, More Than Enough means to her, "The book title speaks to this idea that for generations we, as women and women of color, have been conditioned and made to feel we are not enough."
Welteroth's book addresses lessons she learned throughout her life on identity, race, power, love, and ambition. Through writing her book, Welteroth takes control of her own narrative and uses her own voice to tell her story, "because no one can share my truth but me." She hopes that her story will help other women realize that they "are more than enough even when you are a work in progress."
Welteroth opens her book with the aptly named chapter, Intentions. Within this chapter, Welteroth states, "what good is a trailblazer who isn't willing to leave signposts along the way to make it a little less confusing, less lonely, less disorienting for the next woman or person of color to follow?" But, her brilliant intention setting doesn't end there.
Each chapter opens with a moving and inspiring quote from an influential African-American person, and these quotes serve as intention setting sound bites. Quotes include Brandan Odums' "I am my ancestors' wildest dreams," Alice Walker's "Keep in mind always the present you are constructing. It should be the future you want", and Maya Angelou's "When someone shows you who they are, believe them the first time."
And every chapter ends with an original "take-away" quote in Welteroth's own words. This structure creates a clear blueprint of Welteroth's evolution throughout her experiences and also aids in shaping the reader's journey throughout the book.
The beauty within the text is not only in the insightful yet relatable stories of Welteroth's business and personal life but also in the form of the story-telling itself.
Welteroth describes her book as "not a fluff book, this required baring my soul and putting my heart on each page," and bare her soul she did.
The book's backbone is Welteroth's truth baring of what it means to be a FOD, a Shonda Rhimes term for first, only, different.
Growing up, Welteroth never felt like she fit in because her mother is black and her father is white. Elaine's mixed black identity was a struggle to navigate in school, saying, "I never felt like I was black enough to be at the black table. And was never white enough to be anything other than the token black friend."
In many of Welteroth's positions at Glamour and Teen Vogue, she was often the only black person in the room. By taking up space in white-dominated spaces, Welteroth realized and actualized her mission in this world: "to be a bridge between divides." Welteroth realized that she "could do more transformative work on the other side by bringing all of this black excellence where it is actually really needed." And so she did.
Welteroth is credited for the noticeable increase in Teen Vogue's coverage of politics, diversity, and representation. To Welteroth, fashion and politics "are not mutually exclusive," and she sought out to SWAAY the narrative of what society assumed young people were interested in reading. Welteroth's goal was to "create this platform that was this intersection; that elevated all aspects of our reader's identity. This next generation of young people care about politics; they see themselves as activists and change makers."
Welteroth continued by saying, "we do live in this world that makes us believe there are false binaries and we have to check a box. We are either smart or stylish. We either can care about fashion or politics." However, throughout her entire career, Welteroth has pushed for a way to do both, "We need to claim the intersection and make space for whoever we are. And that is what we were doing at Teen Vogue, and that is hopefully what I am doing with this book."
More Than Enough flows from business lessons to personal life lessons because every person is a blend of both. Welteroth pointedly said on the Disruptor Series, "When we talk about success stories, especially with women, we don't talk about our personal lives. And these things intersect. So I go in, it gets juicy."
Welteroth's most personal relationship obstacles are vital pieces in her life story, as it is with any woman. Her willingness to include such vulnerable information and raw emotion aids in creating a refreshingly full picture of what it means to be a woman and how relationships can foster or hinder personal success.
Now at 32-years-old, Welteroth has fought for and accomplished her wildest adolescent dreams and more than she ever could have imagined. What will she do next? We don't know, but we do know it will be extraordinary.
"I fought for a seat at the table. Now I am at the head of the table. And now I'm going to go build my own table, and this book is my first table."