TXWSW Blog: A Focus on Data Funnels More Capital to Female Founders; Bad News About the Gender Pay Gap

Happy Monday!
Huge kudos to Leda Braga for crushing it this year. Her flagship fund is up 9.8% this year and 3.4% last year. Since the launch last year, the firm has grown to over $10 billion in assets. The full story can be found here: http://www.cnbc.com/2016/03/11/how-this-hedge-fund-queen-is-crushing-the-market.html
And another take on why the gender pay gap issue remains intractable – apparently when women take over a male-dominated field, a new study from Cornell found that when women take over a previously male-dominated field, pay declines for the very same jobs that men were doing before. This disconcerting phenomenon is why it is imperative to have more gender balanced senior management. The full article can be found here: http://www.nytimes.com/2016/03/20/upshot/as-women-take-over-a-male-dominated-field-the-pay-drops.html?_r=0
From Fast Company, Circleup is a new online marketplace that connects start-ups with investors. The construct of the system puts more of the focus on the data and less on the gender of the founder, and the outcome of this has been that female-led firms account for 35% of the allocated investor dollars. This is compared to 7% of women-led companies that get funding from traditional VCs. The bottom line? When data, not humans, guide VC funding, more women win! The full article can be found here: http://www.fastcompany.com/3057844/when-data-not-humans-guide-vc-funding-more-women-win
Lastly, from Harvard Business Review, there is a better way to argue and it all comes down to word choice. Choosing the correct words can create the opportunity for you to be heard versus escalating an already uncomfortable situation. Read on:  https://hbr.org/2014/06/choose-the-right-words-in-an-argument#
I hope you will all join us on April 28th for TXWSW 7th annual State of the Markets event – we are thrilled and honored to have an all-star line-up of CIOs who will share their opinions on their market outlook. The panelists this year include Janet Handley, CIO of the Texas A&M Endowment, Katherine Nixon, CIO of Northern Trust, Carol McFate, CIO of Xerox Corporation and Paul Ballard, CIO of Texas Treasury Safekeeping & Trust Company. For our sponsor breakfast on April 29th, we will have secured the Editor of “The Daily Shot” and Danielle DiMartino Booth of Money Strong as our keynote speakers.  Tickets are on sale and sponsorships are available. We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!
Very kind regards

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