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Categories
Allied Arts & Media

Moving Pictures: What We Learned from Women Filmmakers at TIFF 2019

Cynthia Erivo (Harriet) on the red carpet in at TIFF 2019 in Toronto. Photo by Frazer Harrison

Last year, the Toronto International Film Festival (TIFF) and its counterparts in Cannes and Venice committed to achieving gender parity in film selections by 2020, signing the historic 5050×2020 agreement. With the Share Her Journey fundraising campaign, TIFF created the Micki Moore Residency (for female screenwriters), the inaugural TIFF Talent Accelerator (for female directors, producers, and writers), and achieved gender parity in both the TIFF Filmmaker Lab and TIFF’s programming team.

Despite those initiatives, the total number of female-fronted films barely nudged up from 35 to 37 percent at TIFF, a fact lamented by TIFF’s own co-head, Joana Vicente. In 2019, Venice selected only two films by female directors for its 21-film competition while Cannes selected four out of 19. Unlike Vicente, the heads of Cannes and Venice argued that redressing exclusion by quotas alone could dilute quality.

Women directors enjoyed the last laugh at that, with Manele Labidi’s Arab Blues winning Venice’s audience choice award, and Mati Diop taking the Grand Prix at Cannes for her film Atlantics, while also making history as the first Black woman director to compete at Cannes.

Here at LiisBeth, we wondered what happens when women get the opportunity to direct the storytelling? Do film plots, points of view, and ideas shift? And what might feminist entrepreneurs directing enterprises of their own take away from these narratives?

Five Films, Five Takeaways

At TIFF 2019, many international films made by women rejected facile notions of “girl power” or “leaning in” in favour of more dissonant, challenging plots. Take this cross-section of five films, which unsettle assumptions about who women are, what we can achieve, and what our models for work can be.


Arab Blues: Things Rarely Go According to Plan

I can see why French-Tunisian director Manele Labidi’s bittersweet comedy won the audience choice award at Venice. It was my favourite, too.

The film follows young, intrepid Selma (Golshifteh Farahani), who studied in Paris for 10 years, as she returns to her hometown in Tunis to start her own psychotherapy practice for locals, post-revolution.

Challenges abound. The labyrinthine licensing bureaucracy forces Selma to work around the law. Locals are amused or irritated by her services. Yet her sessions soon become truly rewarding moments in the film. They not only reveal the limits of Selma’s tacit mentor, Freud (whose portrait hangs on her office wall), but also how she is an outsider in her own hometown.

Ultimately, Selma’s status as an outsider helps her forge her own path and build a more culturally nuanced “talking cure.” Starting from a vague desire to “help,” Selma learns why she really chose this path, which deepens both her practice and her clients’ lives.

The takeaway: Entrepreneurs know that the best laid (business) plans can fall apart fast. Many opportunities must be seen—and seized—on the fly. Only much later can we see why we started.


How to Build a Girl: Success at Your Own Expense Equals Failure

Courtesy of Protagonist Pictures

Coky Giedroyc’s UK film brings to life Caitlin Moran’s semi-autobiographical novel. Working-class ’90s teenager Johanna (a dynamite Beanie Feldstein) morphs into “Dolly Wilde,” a mean-spirited music journalist alter ego. Her scathing review of Queen, for example, bears the withering headline, “Bohemian Crapsody.”

Discussions of entrepreneurship often emphasize the value of failure. How to Build a Girl, however, reveals that failing can be a lot harder for a working-class girl stuck among posh bros. For Johanna, there’s no safety net if she doesn’t win, yet dudes set the terms for that “win.”

The more Johanna becomes Dolly, and the more men reward her, the more we see all the problems of her “success.” That makes for a refreshing feminist rebuke: Don’t mistake sexist cynicism for intelligence, let alone success.

No spoilers, but this well-written script will have women, especially those who’ve had to play “one of the guys,” cheering on nerdy, smart-girl Johanna long past the closing credits.

The takeaway: Trying to become someone you’re not isn’t worth it—even if all signs point to a win.


 Harriet: Don’t Lead Later, Lead Now


After directing the haunting Eve’s Bayou in 1997, Kasi Lemmons joined a coterie of Black American filmmakers who seemed on the cusp of transforming the film industry. Sadly that did not materialize thanks to persistent Hollywood racism.

Lemmons’ latest, Harriet, suggests a new day. It’s a suspenseful biopic of Harriet Tubman, who escaped slavery and then returned to lead others to freedom along the Underground Railroad. Indeed, Harriet begs the question of why it took so long for the story of this amazing woman to reach the big screen.

Played with verve and grit by Cynthia Erivo, the diminutive Harriet displays a fierce will to eliminate slavery. Underestimated, even by herself at first, she begins in fear-driven flight, and then buoyed by faith and success, dives undaunted into leadership.

Harriet illustrates and intertwines three layers of Black female leadership—Harriet Tubman, Erivo in an Oscar-worthy performance, and Lemmons as auteur. For all three, defeat should have been inevitable, but they persevered.

The takeaway (in Harriet’s words): “I’ve come this far on my own, so don’t you dare tell me what I can’t do.”


Atlantics: Communities, Not Individuals, Generate Heroism


For those in social justice–driven enterprises, it’s hard to keep fighting the good fight, day after day. Directed by Mati Diop, this Senegalese-French-Belgian co-production, which won the Grand Prix at Cannes, is both ghost story and love story, a poetic, magical take on how we can keep on pressing on—if we don’t try to go it alone.

Atlantics opens with several men demanding, but not receiving, unpaid wages for their work on a half-finished high-rise in Dakar. From there, we see the relentless, sun-bleached ocean. Crashing waves foreshadow how the men will soon be doomed refugees, a juxtaposition that drives two star-crossed lovers apart.

Or do they part? Atlantics dives into magical realism to suggest that unresolved historical trauma will have the last say. Mourning women left behind start to embody the men’s ghosts—and demand retribution. Eschewing realism, Atlantics offers a powerful, poignant parable.

The takeaway: By acting as a community, substantive social change can unfold.


Three Summers: Adversity Can Reveal Surprising Allies


We don’t always know who our allies are until push comes to shove, and those who show up may not be whom we expect.

This Brazilian-French film, directed by Sandra Kogut, offers a canny exploration of class struggle. The legendary Regina Casé plays Madá, the lead housekeeper at a wealthy resort in Rio de Janeiro. Over three summers, we see how her boss’s white-collar crimes affect but do not defeat Madá.

Based on the real-life Operation Car Wash investigation in Rio, Three Summers isn’t interested in rich criminals. They’re more sad sacks than masterminds. Instead, the film spends time with the staff, mostly women led by Madá. They are as pragmatic and resourceful as they are funny and kind, even when caught in the crossfire.

Madá transitions from identifying with her employers to supporting her coworkers and strikes up a friendship with her ex-boss’s elderly father, Lira. He’s abandoned—like the staff—and considered useless by his own self-absorbed family. Three Summers builds a plucky collective of who’s left behind, and how they survive this failed (last?) resort.

The takeaway: Allies take surprising forms. We need to stay connected to those who show up for the hard work, for these allies will prove far more valuable in the end.

That’s a wrap! If you attended TIFF, what films made you leave the theatre inspired and ready to act?


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Funding

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Categories
Curated

8 Financing Resources for Women* Entrepreneurs

All businesses need money to turn the wheels. Here are eight venture funds that target women entrepreneurs.

Article written and submitted by Ellie WainainaKenyan Freelance Writer

It’s 2016 but women still struggle to obtain financing for their businesses. Research shows that companies headed by men will receive over 95 per cent of all investments made in business. Given it’s 2016, this is highly disappointing.

Perhaps one of the major reasons why funding for women-owned businesses is so difficult to obtain is the number of women in senior positions. Women only make up 15.4 per cent of CEO positions and hold 33 per cent of senior management positions. Fewer women in senior positions means fewer women with the means to become future angel investors or partners in investment firms.

Based on the law of averages, men are more likely to find it easier to get the financing they need from investment companies than their female counterparts.

As a female entrepreneur, starting and operating your business may end up being an uphill battle. However, you can get the financing you need by taking advantage of financial resources more readily available for women. Here are some of the resources:

 

1. The Eileen Fisher Women-Owned Business Grant Program

The Eileen Fisher Women-Owned Business Grant Program awards $120,000 for up to 12 recipients each year. Therefore, the minimum you can get from this grant program is $12,000, which will greatly help your cash flow. To qualify for this grant, your business should:

  • Be majority-owned and majority-led (51 per cent qualifies as the minimum).
  • Have revenues of less than $1 million the year preceding your application.
  • Have been in operation for three years prior to your grant application with financials to show.
  • Be founded upon the goal of creating social and environmental change.

Applications are open every year in April and May.

2. Kabbage’s Online Loans

Kabbage is an A+ rated online lender that cares more about the health of your business than your gender or even credit history. If you have been in business for at least one year and have $50,000 or more in revenue, Kabbage is a good financial resource to explore an open line of credit.

In order to enjoy the benefits of financing from Kabbage, you will need to open a free account, then link to the online services that you use to run your business, such as Amazon or PayPal.

Once your application has been viewed and approved, you will get access to the line of credit that you need. The loan amounts range from $2,000 to $100,000. You will then be able to access the money on the go—whenever you need it.

You will have the choice of getting your loans on either a six-month or 12-month plan. In order to qualify for the 12-month plan, you need to borrow at least $5,000. The interest fees vary from 1.5 to 12 per cent, which is quite reasonable.

3. Plum Alley Crowd-Sourced Funding

What better way to find financing for your business than from other female entrepreneurs who know what it’s like to struggle?

Enter Plum Alley. This is a crowd-funding site with a difference. It specializes in helping women obtain financing for their businesses from other women or men who want to advance the cause of women in business.

In order to obtain the funds, you will need to open an account, create a project on the platform by providing basic details such as your location, funding goal, and category in which your business belongs. There will be instructions along the way to help you create an effective campaign to get you the financing you need.

In exchange for the money you’re given, you will offer rewards to your investors. This can be anything from a thank-you note to a pre-purchased product that you create with the financing you get.

You definitely should consider crowdfunding via Plum Alley if you are looking to avoid punitive interest rates associated with loans, but are willing to give away something for free.

4. The Union Bank Business Diversity Lending Program

While there are traditional lending institutions that will make it difficult for you to access funding for your company, Union Bank is not one of them. Through Union Bank’s Business Diversity Lending Program, you can access financing of up to $50,000. You can apply online for this loan if you run a woman-owned business and actively manage at least 51 per cent of it.

In order to ensure that your business has access to the diversity loans, your business should have annual sales of less than $20 million. The company you own and manage should also be two years or older and have borrowing needs of less than $2.5 million.

Once you have determined that you meet all the set requirements, you can go about applying online for your business loan.

5. 37 Angels Funding

While the odds of you making it to Dragons’ Den are very low, you can still access investors via 37 Angels, which specializes in seed stage investing. Because it’s made up of over 50+ women investors, you have a higher chance of getting the financing your woman-led business needs to operate and expand. You can then pay it back with interest or offer equity to the investors.

In order to have a shot at getting funding, you need to use the Gust platform to pitch via video. The 37 Angels investors will then call you to determine if your business is a mutual fit.

If that’s the case, the company, as a network, will invest anywhere from $50,000 to $150,000 into your business. Angel investors in this network can also help you raise between $500,000 to $1 million.

The decision on whether 37 Angels will invest in your business or not will come through in four weeks, which is a relatively short time. To increase your chances of getting positive feedback, be sure to apply when your business earns $50,000 to $500,000 in revenue. It will be much better for you if your company is valued at $2 million to $6 million, and if you’re able to make the pitch in person in New York City.

6. Kickstarter’s Crowd-Sourced Funding

If you are looking to dip your entrepreneurial toes into the creative arts or technology industry, then Kickstarter is the online funding resource you should explore. Kickstarter is one of the largest crowd-funding sites online. In 2013, Kristen Bell, the star of the Veronica Mars TV series, and director Rob Thomas, took to the platform after getting rejected by Warner Bros. Through Kickstarter, they sought alternative funding for the Veronica Mars Movie Project and requested people to help fund the film.

Guess what? People did!

The Kickstarter project ended up raising over $5.7 million from more than 91,500 backers. The fact that the movie ended up being made is a testament to the power of crowd-sourced financing for entrepreneurial projects. So, what’s stopping you from doing the same? Why shouldn’t you enlist the help of internet strangers to fund your business dreams?

Make sure you take the time to familiarize yourself with the Kickstarter platform. Sign up, create a project, and determine which category your business lies. Then go about writing details about your business product, state your funding goals and deadline, and wait for donors to fund your entrepreneurial ventures. Most successful projects tend to raise under $10,000, so no dream is too small.

You can offer rewards in return for funding that is given to you. It could be something as simple as a copy of the product item you end up creating, or something intangible in the form of unique experiences.

You will only be charged a fundraising fee for a fully funded project, which is always a good thing if you fall short on your financing goal.

7. Walmart’s Global Women’s Economic Empowerment Initiative

Your business doesn’t have to be in the U.S. for you to enjoy funding resources from that country. There are financing programs like the Walmart’s Global Women’s Economic Empowerment Initiative (WGWEEI) that will stand you in good stead.

The WGWEEI aims to source at least $20 billion from women-owned enterprises in the U.S. and abroad. It also aims to launch and operate a dedicated marketplace for women-owned products.

Perhaps the most noteworthy aspect of the Walmart empowerment initiative for women is the grants that will be made available to you. Walmart aims to provide $100 million in grants toward women-owned businesses over a period of five years starting from 2011. Though this is the tail end of the initiative, you still have a chance to get on the funding boat.

If you have a business that will empower women in your country, and that country is covered under the WGWEEI, then you qualify for Walmart grants. Grants can range from $250 to $250,000, so there’s money to be had for your business if you require financing. However, you have to submit a final impact report when applying for grants. Be sure to read the updated guidelines before you take any step in that regard.

8. Requested Donations from Reddit or Similar Sites

Just as there are many ways to skin a cat, there are also as many ways to obtain financing for your business.

Take Reddit, for instance, one of the most popular online social forums out there. In March 2016 alone, the platform had over 243.6 million unique visitors from 212 countries. That’s impressive! Prior to 2009, whenever Redditors wanted to share their images, they would use all manner of platforms to do so, which resulted in compatibility complications. That was until one Alan Schaaf decided to do something about it. He created Imgur, an image hosting and sharing site that was compatible with the Reddit platform.

Originally, Imgur was meant to be a gift for the Reddit online community. However, Schaaf got serious with what he had deemed a side project and decided to develop it further for all internet users. Money was an issue. But because Imgur offered a service that Redditors really appreciated, they donated money to keep the site going until Schaaf was able to get financing from Andreessen Horowitz, a $4 billion venture capital firm. And that is how the modern version of Imgur was born.

or

Are you wondering why this story is relevant? It’s simple really.

If you have an idea of how to meet the needs of a large group of people, financing should not be a problem. Just the thought that you will be able to solve a major problem is enough to inspire people to finance the development of your product.

Online communities like Reddit are a good place to test your entrepreneurship skills. The very people who donate funds to your growing business will also provide constant feedback for your product. This should help you refine that product until you have something good enough to present to major venture capitalists for more financing. Alternatively, you can use the donations you get from Reddit or other similar platforms to operate your business until you can monetize it effectively.

If you have an online product that will appeal to large audiences like Reddit, don’t be afraid to ask for donations. The worst that can happen is you will get no for an answer. That’s not a life and death matter, is it?

Just because the odds are against you as a female entrepreneur does not mean you should give up. Each day is a new day. As time goes by, the financing options for women in business will continue to increase. You should, therefore, take advantage of every funding resource that comes your way to start, run, and expand your business. The aforementioned resources are just the beginning.

RELATED READING

Categories
Our Voices

Slow Growth, or How to sleep at night when you’re building your business

liisbeth-Slow-Growth-building-your-business-valerie-hussey

Here are three true stories about my early business experiences.

It was 1981. The Ontario Government had been offering a loan guarantee program to publishers since 1973. It was an attempt to address the financial crisis that the nascent Canadian-owned publishing industry was facing. I met with the bureaucrat who ran the program to talk about applying. Our sales revenue and cultural grants had a 2:1 ratio, for a total of $65,000. I didn’t have a penny to put into the business myself, so selling books was the only way we could grow, a reasonable proposition. But we had to produce the books before we could sell them, and that required money.

The bureaucrat, who I’ll call Brutto (it happens to be Italian for nasty), was arrogant and dismissive. Not only was he discouraging, he basically told me not to waste his time. He completed his put-down by saying, in effect, “Don’t you know that even the smallest mom-and-pop corner store has revenues in excess of $100,000?” What he didn’t say but inferred was, “You’re a joke.”

The second story took place a few years later. By now, the company’s annual sales revenues alone exceeded $500,000, which for Canadian publishing was not bad. I was asked to speak to a group of women entrepreneurs alongside a female executive from one of the big banks. She was clearly on the rise. What she shared with us had tremendous resonance for me. She told us that women tend to run businesses for five to 10 years before applying for their first line of credit. They show the bank how they’ve made money year over year. They usually don’t pay themselves much and instead, plow all their profits back into the business. They grow, they build up staff, and they want to get to the next level but can’t on the current cash flow. That’s when they think about getting a $25,000 line of credit. The amount they ask for is usually small, often too small. When they get approved, they look surprised and may even act as if the bank is doing them a favour.

By comparison, the bank executive said, men come in and present a business plan for an idea. They talk about it, share their enthusiasm and conviction that the idea will work, and ask for $75,000 to finance it. With the money that the bank gives them, they put $30,000 into the business and $45,000 toward a BMW. They’ve just told the world they’re a success. But their rate of business success is actually less than the rate of women.

The third story took place in 1993. At this point the business was bringing in several million dollars in sales revenue and had $1 million dollars in retained earnings. I went to the bank we had been dealing with from the beginning and asked for a loan to finance the purchase of a building. The building would cost just more than $1 million. The bank told me to bring my husband in to guarantee the loan. My husband had nothing to do with the business. I wrote a very nasty letter to the banker and everyone up the chain, then found a new banker who said that whatever happened, she would not insult me and she would do the best she could to help. In the end, she could not give us the amount we asked for. Because we had effectively been acting as our own banker with the retained capital and were in a very good position, she explained why she thought the amount she was offering was enough. She said ultimately we had to be comfortable with the decision we made. In the end we accepted her loan offer and she was right—it was enough. Our growth was so rapid that we easily handled the mortgage expense and loan. Within 18 months, our cash flow was sufficient to rebuild retained earnings.

What lessons am I trying to share with these stories? While my experiences date back 35 years, statistics still show that women entrepreneurs start smaller and grow more slowly, they don’t get as big, they underestimate themselves and/or their business along the way, and will avoid risk to the point of underfinancing. Any entrepreneur can grow too slowly and be risk-averse, but it happens more with women in part because banks have historically not been keen to support women’s initiatives, take them seriously, and help them learn. Not being taken seriously diminishes the potential of any business. While growing slowly might mean you probably sleep better at night, which is not a bad thing, it’s not possible to be an entrepreneur and avoid risks altogether. It’s possible to run at a different pace of growth and still progress, but it’s essential that you are controlling the pace of growth. If you’re not, growing too slow can be a sign of challenges ahead.

Finding advisors you trust and who understand both you and your business is key. I moved all our business to a banker who didn’t patronize me. She helped me understand her analysis and that it wasn’t in her interest to set me up to fail. She also respected me and my decision-making process, which increased my confidence in her and also myself. She loaned me enough money—and not more—so that the business could continue to succeed. I learned to be less fiscally conservative and to crow about our successes more. She became a friend and remains one to this day. What she taught me beyond the mechanics of the analysis was to trust my knowledge and my instinct. She brought a layer of analytics to the review that I didn’t have. She never suggested that her analysis was more important than my knowledge about the business and the marketplace. By listening closely to me and learning about the history of the company, she recognized I had what it took to continue building on the success we had achieved to that point.

So what’s the take-away? Trust yourself. There is a lot of noise out there; everyone has an opinion and loves to give advice. Don’t be intimidated or bullied into questioning your judgment, but that doesn’t mean ignoring the value of what people have to say. There are nuggets of wisdom everywhere. Remain curious. A Dragons’ Den mentality is not required to succeed, and don’t let anyone try to convince you that it is.

 

Categories
Activism & Action Systems

Does access to money define your success as an entrepreneur?

You have your big idea, thoughtful marketing research, a well structured business plan, determination. But the big question is, where is your funding coming from? According to research what really sets an entrepreneur apart from others is not their ability to forecast trends or their capacity for hard work, but their access to money.

In a recent Quartz article, Entrepreneurs don’t have a special gene for risk—they come from families with money New York based writer Aimee Groth writes:

“… the most common shared trait among entrepreneurs is access to financial capital—family money, an inheritance, or a pedigree and connections that allow for access to financial stability. While it seems that entrepreneurs tend to have an admirable penchant for risk, it’s usually that access to money which allows them to take risks.”

When needs are met its easier to be creative. More money means bigger but safer risks, and undoubtedly more successful ventures. “Many other researchers have replicated the finding that entrepreneurship is more about cash than dash,” University of Warwick professor Andrew Oswald told Quartz. “Genes probably matter, as in most things in life, but not much.”

Following your dreams can be a dangerous business. $30,000 is the average cost to launch a startup and the majority of startup funding usually comes from the personal assets and investments of founders.

In a response article on Inc., Minta Zeltlin a business technology writer and the former president of the American Society of Journalists & Authors, agrees that the start-up world favors those who come from privilege, and that access to capital is just one hindrance to making it big.

Other factors to consider are the right education, connections and the right background for your start-up tribe.If you don’t have this preferred cocktail, the startup culture you are trying to penetrate may not be that welcoming.

“You don’t need Startup Castle to know that if you drink Bud rather than craft beer, prefer Nascar to tennis, and like pickup trucks better than hybrids, you’re going to be a bad cultural fit in the start-up world,” Zeltin writes. “If you think that won’t affect your chances for success, just ask the nonwhite, nonmale, nonyoung entrepreneurs who’ve been there.”

Change won’t be easy. Beyond access to money, creating scholarships and bursaries for the non elite, its going to have to be a change in attitudes.

Zeltin talks about startup culture catering to the 1%.”They do things like deliver gourmet meals to people with plenty of money but no time to cook, or shuttle the children of professional parents to ballet and soccer practice at $12 to $15 a ride,” she explains.

“Fubu is a great company that demonstrates the good things that can happen when entrepreneurs don’t fit right into the Silicon Valley mold. But “For Us by Us” can mean the opposite too: Upscale services provided by entrepreneurs from well-to-do backgrounds and aimed at customers whose demographics mirror their own. Until we learn to create a startup culture that welcomes everyone, that’s the best we’re going to get.”

Categories
Activism & Action Transformative Ideas

The Rise of Gender Capitalism

THE-RISE-OF-GENDER-CAPITALISM

LiisBeth is proud to re-print this amazing interview with Sarah Kaplan, Professor of Strategic Management at the Rotman School of Management (University of Toronto) by Karen Christiansen, Editor-in-Chief of Rotman Management magazine at the University of Toronto.

Sarah’s recently published article, The Rise of Gender Capitalism, published by the Stanford Social Innovation Review, Fall 2014, can be found here:

Karen: You have been researching an emerging movement that lies at the nexus of gender and investing. Please describe it.

Sarah: What we are seeing is a variety of initiatives that are examining ‘how capital is deployed’, and making sure that it’s done in ways that help to achieve economic justice for women and girls. All sorts of loosely-connected organizations and individual actors are involved, but they’re all aligned around making progress in this area.

These initiatives recognize that only six per cent of venture capital funding goes to women-led businesses; that only a small percentage of participants in start-up accelerators are women; and that there are very few women in leadership positions in large financial institutions — or any companies, for that matter. The fact is, around the world, women have much less access to capital or even basic banking and financial products than do men, and this is hurting the global economy. The goal of these
initiatives is to create growth, prosperity and economic value by rectifying these problems.

Karen: What does it mean to invest ‘with a gender lens’?

The way we see the world affects what we do in the world, so the lens aspect is about shifting the way we see things. The gender part of it is about making sure we consider how what we ‘see’ is influenced by gender. When you put the two together, investing with a gender lens means using a gender analysis to uncover hidden opportunities and recognize bias in the deployment of capital. Clearly, it can’t be true that only six per cent of potential start-ups should be led by women. There is a bias there. Recent
research shows that if you take an identical business plan — same PowerPoint, same content — and have it narrated by either a man or a woman, 60 per cent of investors will choose to invest
in the man’s business plan.

It’s not that anyone is trying to be sexist; these are implicit biases,and both men and women possess them. So, this approach says, why not recognize that these biases exist and begin to deploy capital towards opportunities that are being overlooked? It can also apply to the creation of products and services. Companies across industries should be thinking more carefully about the different requirements of men and women. For years, car companies tested their vehicles with female crash test dummies in the passenger seat; only recently have they started putting them in the driver’s seat. It was as if, somehow, women weren’t driving cars!

In some industries, like pharmaceuticals, there are very high stakes. In the drug-approval process, firms have been required to test on both men and women, but they have not been required to report the gender-disaggregated data. As a result, we don’t know if men and women should be taking different dosages, or if interactions might occur due to different hormone levels. We’re only learning now, for example, that some sleep drugs have radically different effects on men and women. Paying attention to
gender-disaggregated data would enable pharmaceutical firms to provide much more effective products — and reduce their liability. There are all sorts of similar hidden opportunities just waiting to be found if you look at investments through a gender lens.