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Michelle Redfern's avatar

Over a decade ago, in my former life as an executive in the banking sector, I hosted a cohort of MBA students completing their innovation course as an industry partner. I gave them the topic for their group assignment. Big trend: the rise of the “mumpreneur” (blech to that expression) and women founded startups. But these women weren’t seeking out traditional banking and finance corps for their funding. Why?

The results were both unsurprising (banks are full of blokes and rules - both hard to do biz with) and surprising. Women weren’t seeking funding because “all they wanted to do was buy themselves a job so they could make life AND work simply work. They spat themselves out of their workplaces because their workplaces did not WORK.

The implications were horrible. Women were too often starting businesses that could never replace their current and future incomes meaning their long term economic mobility and wellbeing was compromised.

This is also a contributor to the gender wealth gap, along with the prevalence of women participating in the paid workforce at rates still significantly lower than men.

I hope you’re fueled up and fired up for your conversation with the policy makers and change agents Giselle - because this shit has gone on far too long. All because, as you put it, the mindsets of decision makers are still in the 1950s office.

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