>> I BROUGHT YOU BY JP
MORGAN CHASE THE BANK THEN
ADVANCED TO WOMEN EVERYWHERE.
>> FEMALE FOUNDERS ONLY BROUGHT
IN ABOUT 2% OF VENTURE CAPITAL
DOLLARS IN
2018. OUR NEXT GUEST IS ON A
MISSION TO MAKE THE FUNDING
PROCESS EASIER FOR EARLY-STAGE
WOMEN.
100 K
INCUBATOR APP IS HELPING WOMEN
ENTREPRENEURS GET LIVE SUPPORT
AND FUNDING FOR THEIR
BUSINESSES. IS THE FOUNDER OF
THE 100 K.
IT'S SO MUCH FOR HAVING OF
COURSE SO TELL US HOW THAT
WORKS
WELL ONE.
>> TO TAKE A BETTER IS THE
FIRST BUSINESS FUNDING APP
CREATED FOR WOMEN BOTH APPLE
AND GOOGLE APP STORE AS WE HELP
WOMEN GET ACCESS TO FUNDING WE
EDUCATE THEM ABOUT THEIR
OPTIONS AND THEN WE ACTUALLY
HELP THEM AFTER THEY GET THE
CAPITOL HILL, THEIR BUSINESSES
SAID LISA $100,000 AND.
>> AMAZING AND YOU BREAK OUT OF
FUNDING INTO 3 DIFFERENT
LEVELS.
>> YES, SO WE FOUND THAT WHEN
WE'RE TEACHING WHAT TEACHING
WOMEN ABOUT THE FUNDING OPTIONS
THAT IT'S REALLY HARD TO TELL
THEM WHERE THEY FALL WITHIN
THOSE DIFFERENT LEVELS AND SO
LEVEL ONE IS IF YOU'RE EARNING
UNDER $30,000 PER MONTH IN YOUR
BUSINESS SO USUALLY THAT MEANS
THAT YOU'RE PRETTY REVENUE
MIGHT NOT BE MAKING
ANY MONEY. WE'RE STILL KIND OF
1000 THAT EARLY PROOF OF
CONCEPT RIGHT AND SO THAT WE
SHOULD HAVE TO LIVE MORE
STRONGLY ON YOUR PERSONAL
CREDIT TO ACCESS TO CAPITAL
BECAUSE YOU DON'T REALLY HAVE A
PROOF OF BUSINESS IDEA
JUST YET SO LEVEL TOO THAT IT'S
MORE SO YOU CAN ACTUALLY GO OUT
OF BUSINESS THAT'S USUALLY WHEN
YOU'RE MAKING ABOUT $3,000 PER
MONTH IN YOUR BUSINESS. SO
THAT'S
EVERYTHING FROM BUSINESS LINES
OF CREDIT SAID BUSINESS LOANS
TO PROFESSIONALLY GOVERNMENT
SMALL BUSINESS LOANS, YOU KNOW
IT BETTER AND THEN WE HAVE
LEVEL 3 FUNDING WHICH IS MORE
SO IF YOU'RE EARNING AT LEAST 6
FIGURES PER YEAR IN YOUR
BUSINESS. SO HE'S NOT $1000 PER
MONTH AND THAT'S WHEN I GET
INTO ANGEL INVESTOR AND YOU
VENTURE CAPITAL YOU HAVE MORE
SO OF INVESTOR WORLD WHERE AND
THAT'S WHAT I WANT TO ACTUALLY
LOOK AT IT BECAUSE YOU NOW SHOW
PROOF OF CONCEPT.
>> THAT'S AMAZING THAT THEY'RE
LEVELS BECAUSE I THINK USUALLY
WHEN PEOPLE THINK OF FUNDING
THEY THINK OF ANGEL INVESTORS
AND THEY'RE LIKE I'M NOT READY.
BUT TELL US WHAT YOU THOUGHT
WAS MISSING IN THE THAT YOU
DECIDED THIS APP NEEDED TO BE
CREATED WE MENTIONED THAT TO
TAKE THAT ONLY.
SO OBVIOUSLY IT'S NEEDED
BUT WHAT DID YOU SEE THAT WAS
A BOY.
>> I FEEL LIKE THERE'S A LOT OF
INFORMATION ON THE INTERNET
ABOUT FUNDING BUT SCATTERED
EVERYWHERE AND SO WE REALLY
WANTED TO CENTRALIZE 12
DIFFERENT FUNDING OPTIONS ONE
APP AND SO WE REALLY WANTED TO
BREAK DOWN LEVEL BY LEVEL ALL
THE DIFFERENT OPTIONS THAT
WOMEN ACTUALLY HAVE FOR THEIR
BUSINESSES AND THEN WE WANTED
TO TEACH THEM AFTER LIKE TO GET
BACK CAPITAL AND WE CONNECT
THEM TO THE DIFFERENT FUNDING
INSTITUTIONS THAT WE WORK WITH
HOW THEY CAN ACTUALLY USE THAT
CAPITAL TO SCALE TO
$100,000 IN ANNUAL SALES AND SO
FOR US IT WAS ABOUT PUTTING
THAT ALL IN ONE COMMUNITY IT
WAS ABOUT THE LIFE SUPPORT IT
WAS ABOUT THE EDUCATION IT WAS
ABOUT CONNECTING IT TO THE
INSTITUTIONS THAT ARE ACTUALLY
GOING TO THESE WOMEN APPROVED
AND ACTUALLY GET THE WELL ON
THE WAY IT DEFINITELY SO HOW
MANY WOMEN HAVE NEWS.
>> STEADY AT THAT YOU GOT TO
SHARE SOME 60 S SUCCESS STORIES
WITH
US YET.
>> SO WE'VE HAD OVER 1000 WOMEN
GO THROUGH OUR BETA PROGRAM WE
LAUNCHED NOVEMBER, 2018 THAT
HAVEN'T EVEN BEEN A YEAR YET
AND OF THOSE 1001 WE'VE GOTTEN
AT JUST OVER A MILLION DOLLARS
IN CAPITAL AND SO SOME OF MY
FAVORITE STORIES ARE LIKE WHEN
YOU SHOULD READ FROM BLACK
WOMEN WHO GOT ACCESS TO $40,000
ON THROUGH A BUSINESS LOAN THAT
THEY WILL TAKE THOSE FUNDS
TRIPOLI ALMOST TO LIKE
$36,000 KNOW HER BUT THEN LEFT
THE 90 DAY ANOTHER STORY THAT I
REALLY LOVE IT. BUT WE'LL COME
ON YET. SHE
HAS A NEW COMMERCE TRY TO HELP
A LOT OF BODY PRODUCT SO WE GOT
OUR ACT TO $10,000 BUSINESS
LOAN ISSUES IT
WILL TOO INCREASE YOUR SALES BY
400% AND SO FROM TIME TO TIME
IN ABOUT HAVING A TON OF MONEY
THAT YOU NEED TO INVEST INTO
THE BUSINESS $10,000 WILL
CHANGE A LOT OF WOMEN SMALL
BUSINESS AND THEN IF THEY KNOW
WHAT TO DO WITH THAT CAPITAL TO
ACTUALLY BE ABLE TO STILL MAKE
ME WANT TO WAIT.
>> DEFINITELY SO FOR WOMEN WHO
FEEL IN SECURE ABOUT THEIR
NUMBERS ARE ANALYTICS WHATEVER
IT IS THAT THEY'RE USING AS A
TOOL.
APPLY FOR A LOAN OR GET ON DAY
WHAT ADVICE YOU HAVE
FOR THAT.
>> SO IT'S A PROCESS SO IT'S
NOT LIKE YOU GET INSIDE OF THE
APP OR ANY PROGRAMMING
AUTOMATICALLY LIKE A WITH
NUMBERS LIKE NOW IT'S GOING TO
TAKE TIME TO REALLY LEARN LIKE
THE DIFFERENT FINANCIAL ON
BENCHMARKS OF WHAT IT REALLY
NEEDS TO BUILD A SCALABLE
SUSTAINABLE BUSINESS LET
EVERYTHING FROM KNOWING YOUR
FINANCIALS KNOW KNOWING YOUR
REVENUE KNOWING YOUR EXPENSES
KNOWING YOUR PROFIT IN LAW
ON EVERYTHING FROM ALSO KNOWING
ON YOUR CUSTOMER ACQUISITION
COSTS ON TO THE PASSION TO GET
A CUSTOMER WHAT HE REALLY
CONVERGING RIGHT WHEN YOU'RE
RUNNING ADVERTISING CAMPAIGNS
FOR THE ANALYTICS, I'M
AND SO ALL THOSE DIFFERENT
NUMBERS OF WHAT REALLY PLAYS
INTO YOU ACTUALLY BEING THAT
THE E R REALLY UNDERSTANDS WHAT
IT MEANS
TO SCALE AND SO FOR US IT'S
ABOUT THE PROCESS AND SO I
ALWAYS TELL HIM
AND TO BE PATIENT, WE'LL GET IT
YOU KNOW, BUT THE MOST
IMPORTANT THINGS THAT YOU HAVE
ACCESS TO THE INFORMATION AND
PEOPLE ARE GOING TO PUSH IT.
>> YOU'VE DONE SUCH GREAT WORK
AND I THINK A LOT OF OUR
VIEWERS PROBABLY WANT TO KNOW.
IN THE PIPELINE TO HAVE
LADY ENTREPRENEUR.
>> SO FOR US IT'S ABOUT GETTING
ACCESS TO AS MANY WOMEN AS
POSSIBLE WANT TO HELP AS MANY
WOMEN AS POSSIBLE OUR GOAL IS
ACTUALLY
TO HELP 100,000 WOMEN ACTUALLY
GET ACCESS TO CAPITAL IS
STILL THERE THIS IS THE THAT'S
WHAT WE'RE DOING TO THE 100
TAKING BETA APP AND WE'RE JUST
REALLY EXCITED ABOUT ALL THE
WOMEN WHO WOULD TRY NOT TO
INDIA WHO CONTINUE TO USE THE
CAPITAL THAT WERE ABLE TO GET