Business 04 December 2018
When Monique Idlett-Mosley was twenty-two years old, she talked herself into a sales job at USA Today that she was in no way qualified for. The woman interviewing her decided to play the long shot and give her a chance. That gamble paid off and now Idlett-Mosley works to help other woman in the same way she was helped – by giving them a break in a way the majority of others will not – by funding their business ideas.
Idlett-Mosley makes the magic happen via Reign Venture Capital, which she founded with business partner Erica Duignan Minnihan. It was in business school that Idlett-Mosley met Minnihan. Idlett-Moslet was smart to partner with her as Minnihan was already active in angel investing and involved with 1000 Angels.
“Together we are able to provide our portfolio with unique guidance on both capital and business strategy needed to accelerate growth, build a successful company, and get them to exit,"
Minnihan has spent her entire career in finance, working with public companies in investment banking at both Citigroup and Credit Suisse for the first eight years of her career. For the last twelve years, she's been investing in early-stage private companies, with transactional experience on hundreds of investments spanning over a decade. “Together we are able to provide our portfolio with unique guidance on both capital and business strategy needed to accelerate growth, build a successful company, and get them to exit," Idlett-Mosley says.
It was meeting and talking to Minnihan that led Idlett-Mosley down the investment trail and to found Reign Ventures, a $25 million fund. Reign is “an early stage investment firm that focuses on women and minority led startups.
The fund invests at the Seed and Series A Stage in promising technology and tech-enabled startups with high-potential founders" and has worked with companies that include LISN and Appy Couple. Since 2009, black women have received only .0006 percent of all tech venture funding. In an effort to change that, Reign ventures also serves as a mentorship network.
Idlett-Mosley's career has included working in sales, marketing, and public relations for clients that included Kanye West, Verizon, Burrell Communications, T.I., and Timbaland. Then, in 2008, Idlett-Mosley married Tim “Timbaland" Mosley and then served as CEO of Mosley Brands and Mosley Music Group, whose roster includes Timbaland, One Republic, Nelly Furtado, and Chris Cornell.
She is also the Founder and Executive Director of Always Believing Foundation, which seeks to find innovative and empowering solutions to combat childhood obesity and to promote healthy lifestyles and expression through education and communication. Since 2014, she served as a National Trustee for The Boys & Girls Clubs of America. In addition to the previously mentioned roles, Islett-Mosley is also on the Board of Directors for The Miami Bridge, a south Florida based nonprofit organization that provides emergency shelter, food, and counseling for at-risk youth and has previously served on the board of the Ryan Cameron Foundation.
Idlett-Mosley offers a unique approach to leveling the playing field for women and minorities when it comes to raising capital. Women and minorities receive less than 1% of total venture capital dollars annually. Why? Because of the homogeneity of investment managers, she says. “Take a look at the top Venture Capital funds, and you'll find the investment team is 99% white males."
It doesn't make sense considering that women and minorities contribute billions in investment dollars to the institutions (such as pension funds and insurance companies) allocating capital for investment, she explains. “It is critical they be active as investment managers and as founders receiving that funding. A big roadblock for black and women founders is 'unconscious bias' on the part of investors. As black women, we don't suffer that handicap when evaluating a deal."
Idlett-Mosley has truly taken a page from her background in entertainment (and managing artists) to build a machine that allows startup founders to find real success. “In the music industry, we find the 'it' factor and in-house we nurture the artist, from a development perspective and we provide all support through a machine." Within that “machine" they have PR, marketing, digital, legal, and any additional else that might be needed to build a successful brand and artists. “There are many correlations between the two. I have not experienced any successful person get there alone."
One of the most important things women need to do, Idlett-Mosley says, is to support one another and be more willing to invest in one another. “We will see women who don't blink an eye at contributing hundreds of thousands to charity, but are absolutely paralyzed by the idea of making a $25,000 investment into a woman-led startup. Men, on the other hand, often get their funding from the guys they went to college or business school with. She says that as women, we have to be more comfortable talking with each other about investing, and supporting each other as business leaders. “It's not a favor. It's not charity. It's an investment. That's the way men look at it when they invest in their friends and colleagues."
"In order to achieve greater success, women need to start thinking bigger," Idlett-Mosley says. “We tend to aim much lower than we could, because we have fewer role models to look to when it comes to building a billion dollar business." From her point of view, many founders make the mistake of not realizing they need an addressable market of at least a billion dollars to be investable. “Instead of pitching investors their outsized goals, they present a “conservative" scenario that doesn't get any interest." She and her partner are making great strides to change that, one company at a time. “It takes an ecosystem of founders, investors, mentors, and employees; but that work is being done and we are on our way there."
3 Min Read
The Armchair Psychologist has all the answers you need!
Help! I'm Stumped By Sperm
Dear Armchair Psychologist,
I just started intermittent fasting and things have been going well so far. Like I already noticed a few pounds off. BUT! I'm afraid it's taking a toll on my relatively new relationship. With intermittent fasting, I'm supposed to stop eating at 8pm and begin again at noon the following day. My boyfriend prefers PM BJs and I'm wondering if semen consumption will affect my fasts?
- Calorie Counter
Dear Calorie Counter,
I'm happy to hear that you're staying healthy during the quarantine and that both your sex drives are intact. The popular intermittent fasting, which requires cycles of fasting, has many proven health benefits, and it's great that you're achieving the results you want. I'm no "jiz wiz," but I'd imagine not swallowing his semen may be an option? Though you're not alone in being stumped by sperm and its effects on your health. (To be clear, sperm is the reproductive cell and semen is the fluid that keeps it all moving.) A myriad of chat rooms are devoted to this very topic of fasting and semen.
I once dated an unhealthy eater and remember distinctly feeling compromised by his output, thinking I'd become contaminated. Thankfully, according to Dr Justin Lehmiller of Sex and Psychology, "It is pretty clear that as long as the male partner is uninfected and the receptive partner is not allergic to his semen (HSP) it is unlikely that swallowing semen will have any negative effects on one's health."
While semen does contain fructose, amino acids, proteins, and more, it's still mostly 80% water, so not a very high caloric intake unless you swallow gallons. The amount of calories consumed from swallowing semen is very negligible (1-7 calories). Each ejaculation is generally from 1/4 of a teaspoon to 1 teaspoon in size. However, swallowing semen digests in the same way as food, so it is true that you're technically breaking your fast.
I'm also assuming that your sex acts are mutually agreed upon. If they aren't and you feel forced into something that you aren't comfortable with, I recommended you seek help with a qualified therapist.
Since your fast is for purely personal health purposes, (during a religious fast, for example, you'd technically be breaking fast by swallowing semen), I think it may be worth consuming a few calories to keep your sex life alive in these trying times. But if you insist on not breaking your fast, just spit it out and don't quench the appetite for fire and desire!
- The Armchair Psychologist
Help! I'm Sick Of Talking Sick!
Dear Armchair Psychologist,
My fiance and I live apart due to immigration proceedings. The problem is that COVID-19 is dulling our passion. How do we keep things hot and spicy when we're thousands of miles away and all we seem to talk about is this freaking pandemic? We can't even get into doing sexy videos, because we've got COVID on the brain. And we're very sexual like 50 shades of you know what…
- Shut Up Already
Dear Shut Up Already,
I'm sorry you're frustrated and can't seem to escape the COVID-19 topic. Many of us are in the same boat, and it's easy for our anxieties and fears to rule us during these trying times. I also have an unhealthy obsession with the virus, and it partly stems from the fear of dying. Anytime someone young without underlying medical conditions dies, I am both mystified and terrified, thinking it could happen to me.
If your fiance is genuinely immobilized and hindered by his fears, it is wise to suggest he sees a licensed professional to address this. Otherwise, it's important to listen to him and let him safely discuss his thoughts. We rely on our partners to hear us and to love us, even if we may not share their sentiments ourselves. His circumstances in his location may also differ from yours, which might lend a different perspective. Regardless, you should get your sex life back. There are many tactful ways of changing subjects to get your mojo back on. The word "anyhoo" has worked wonders for some.
There's also this great book "Staying Sane in an Insane World: A Prescription for Even Better Mental Health" by family therapist Kiaundra Jackson that offers lots of tips on how to change the subjects gracefully. ANYHOO, hope this works and you can both get back to your 50 shades of something...
- The Armchair Psychologist