Episode 1

#1 BroadMic Origin Story

How many times have you seen or listened to an entrepreneur profiled in the media as a “white-male, hoodie-wearing, unicorn-hunting, Stanford engineer”?

Hungry for substantive advice from accomplished entrepreneurs, investors and industry leaders who look and sound like you? Welcome to BroadMic where we are breaking the mold about what it means to be a successful entrepreneur. You have to see it to be it!   Here you will learn from unconventional role models, get the picks and shovels you need, and access the candid conversations that normally go on behind closed doors. It’s no longer necessary for women and minorities to sacrifice their identities in order to fit into the tech community. We believe in strengthening the BroadMic community through shared expertise. Together, we can change the narrative. No more white papers, no more studies, no more theses about change – let’s act!

#ThinkBroad

Notes

This Is What An Angel Investor Looks Like – Sara Weinheimer
by Women 2.0, Forbes

A Colleague Drank My Breast Milk and Other Wall Street Tales
by Maureen Sherry, The New York Times

Betty Friedan’s 1957 Questionnaire at Smith College
by Betty Friedan

Gloria Steinem on iBooks
by Gloria Steinem

Feminine Mystique 50th Anniversary
by Betty Friedan

Additional Reading

Ellen Pao Speaks: ‘I Am Now Moving On’
by Ellen Pao, Re/code

The Myth Women in Tech Need to Stop Believing
by Terri McCullough, Fortune

Year of Yes – How to Dance It Out, Stand In the Sun and Be Your Own Person
by Shonda Rhimes

It’s Payback Time for Women
by Judith Shulevitz, The New York Times

“I’m starting a startup that helps other startups start up.”
by Kaamran Hafeez, New Yorker

Guest bios & transcripts are available on www.broadmic.com.

Bio

Sara is an angel investor and president of PuraVida Productions. Formerly, she was an executive at Goldman Sachs.

Transcript

I am Sara Weinheimer. Founder and executive producer of BroadMic. BroadMic is a podcast with a mission, to accelerate diversity and entrepreneurship, to embolden the next generation of women to think big, and to unleash new market opportunities. Through conversations between host Kelly Hoey and female tech entrepreneurs, and Jalak Jobanputra's Broad Trends segment, BroadMic aims to create a boldly confident community of women who are hungry for actionable advice about what it means to be a successful entrepreneur. BroadMic is a legacy project for me, born out of a 30 year career, with my first 15 years spent on Wall Street as a bond trader, primarily at Goldman Sachs. And the last 15 years spent as an Angel investor, investing in female led fast growth technology startups. Prior to that, as a young woman, I chose Smith College because my feminist idols, Betty Friedan and Gloria Steinem went there. But, once there, being allowed to wear jeans to Friday tea, proved not quite radical enough for me, so I transferred to UC Berkeley, where the seeds of my feminist and environmentalist ideas could take root.

As a student in the College of Natural Resources at Berkeley, a program designed for environmentalists, I produced a video documentary about recycling, that led to my appointment to the City of Berkeley Solid Waste Management Commission. I also volunteered for the Women's news department at KPFA, the local public radio station. My first job out of college, was working for a solar energy startup. From that experience grew a desire to have a seat at the table in business, which motivated me to get an MBA. Then, with MBA in hand, I went to Wall Street, spending 15 years in the rough and tumble high stakes, high testosterone environment of a bond trading floor, trading millions for the Goldman partner's balance sheet. While Goldman prided itself on its team environment, the reality was that there were plenty of sharp elbows for the competition for the gold ring. This wasn't a game for me. By then, a mother of two and a prime breadwinner for my family, it was survival. But also increasingly, I needed somehow to merge the Berkeley and the Wall Street sides of my brain.
So when I discovered Angel Investing and Female Tech founders, finally, I could make both sides of my brain happy. BroadMic grew out of these origins. As an Angel investor, I've experienced firsthand the persistent bottleneck of venture capital funding for female founders. As an avid podcast listener, I hear a lot of lip service being paid to the need for diversity in tech, but there's little progress. The good news, statistics show a positive correlation between the growing percentage of female founders who are Angel backed, and the growing percentage of women who are Angel investors. No surprise, more women Angel investors equals more women entrepreneurs funded by Angels. They have moved in tandem from a mere 5% a decade ago, to 20% today. Still, not good enough. The bad news, in venture capital it's even worse. Only 6% of venture capital partners are women. Venture capital is a decade behind the Angel investors who, as we've said, are way behind the curve. On top of that, the pervasive stereotype that the media perpetrates of a white male hoodie-wearing unicorn hunting Stanford engineer exacerbates the problem. The narrative needs to change.

Women, including women of color, need to see successful female tech entrepreneur role models. As importantly, the investor community needs to see those same role models. It's a two-sided coin. So I decided to create this network, starting with BroadMic, a podcast series, where accomplished female entrepreneurs can share their actionable advice with other entrepreneurial minded women. Season one will launch March 1st and air throughout the month of March, happily, in consort with women's history month. Our guests include entrepreneurs Heidi Messer and Carley Roney. Investors Susan Lyne, Joanne Wilson and Jessica Peltz, Nelly Yusupova, founder of Techspeak for Entrepreneurs, Tami Reis, creator of #JustNotSorry and technology thought leader and venture capitalist, Jalak Jobanputra.

Today I feel as passionate as I did as a 20 year old social activist, taking a seat at the table, and changing the narrative about female and minority entrepreneurs. And I encourage you to do the same. Think broad.

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