On Sunday I was incredibly lucky to have lunch with the head girl of girl bosses: Theresa Gattung.
Theresa owned the corporate sector as CEO of Telecom for eight years. Then she became an entrepreneur, co-founding of one of New Zealand’s most explosively successful start-ups, My Food Bag. Her fellow founders are Cecilia and James Robinson, Nadia Lim and Carlos Bagrie. Neither of the other two girls are slouches in the #girlboss stakes either: Cecilia is the 2017 Supreme Woman of Influence and Nadia just won 2017 Magazine of the Year. The company turns over around $150 million after just five years of trading.
Sooooo when Denise Arnold texted me on Saturday night asking if I was free to have lunch with Theresa and a few forward thinking women the next day, I was an immediate YES!
I was excited to see my good chum, Tracie Ruddock-Gudsell at the table, too. Theresa told us about her new venture, SheEO. It started in Canada with Vicky Saunders, who has a goal to create a $1 billion fund, to support and finance women-led ventures around the world.
The way it works is as follows: 500 activators donate $1,100 in an act of radical generosity. That creates a pool of $500,000 to be loaned to five ventures.
The activators must be women. The ventures must be led by women, and must already turn over $50k. And they must be doing something worthwhile, that’s going to improve our lot as humans.
The five ventures are voted for by the activators. The split of those loan is decided by the venturers according to their needs (I like that bit. Sounds interesting).
The venturers now have access to 500 aunties, their networks, skills, enthusiasm and support.
The money is paid back into the SheEO fund as a five-year, low-interest loan. Ready to be loaned out to another five ventures.
It’s totally brilliant, isn’t it?
Theresa is running the New Zealand arm of SheEO. She has around 115 activators, and needs more. The cut-off date is the 24th November.
Want to be an activator, and be RADICALLY GENEROUS? Here you go.
Want to enter your venture? Go on! Do it! Here you go. Applications close 24th November.
Tracey Ruddock-Gudsell and I signed up straight away. So did Jen Scoular, CEO of New Zealand Avocado. I’m excited. Let me know if you decide to DO IT!