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Capitalizing on Community

Capitalizing on Community
April 6, 2022

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Whenever a female friend is looking for a new gig, business coach, or graphic designer, I always direct her to the Ladies Get Paid Slack channel. It’s where I found this job working for PrivCo as a freelance writer and how thousands of similar connections have been made for women online. Claire Wasserman, an ex-corporate employee who, shocked by pay discrepancies between men and women, set out to change that dynamic by providing negotiation skills for women (hint: never accept the first offer). The community she created from webinars and informal coffee meetups ballooned online and now boasts over 100,000 members globally.


                                Chief founders Carolyn Childers and Lindsay Kaplan
 

The trick with a large network of evangelists like Wasserman’s is how to monetize that community. She has released a book, sells online classes, and hosts a conference. Other companies, like LaunchPass, will turn an active community on Slack or Discord into a paying one.

Community Capital
Now there’s another model from the C-suite and executive networking club for women,
Chief. Last week, Chief raised a $100MM Series B making it the fastest female-founded company to become a unicorn. Founded in 2019, the company is an invite-only community of women at the peak of their careers at top companies worldwide. Membership has swelled to 12,000 business leaders paying between $5,800-7,900 annually.

The company’s vision is to change the face of leadership, and with the $1.1BN valuation given by Alphabet’s growth fund CapitalG, Chief is well on its way.
QB of Business Decisions
Tom Brady's latest position is as business advisory partner.
[WSJ]
Twitter Tycoon
The long and winding road that led Musk to Twitter.
[The Atlantic]

 
Since last week, PrivCo has added:
31,413 Companies | 277 Funding Activities | 146 M&A Deals

Funding & Deal Highlights:

 

Sweep raises $73MM from Coatue Managment

Climatetech • Round B • Montpellier, France
 

The Honest Kitchen raises $150MM 

Pet Food • Equity • San Diego, CA
 

Coronet Cyber Security raises $60MM from Balderton Capital

Cyber Security • Round C • Beer Sheva, Israel
 

Wholesum raises $15MM from Kingsway Capital

E-Commerce • Round A • Seoul, S. Korea
 

Remote raises $300MM from SoftBank Vision Fund 2

HR • Round C • San Francisco, CA
 

Climeworks raises $650MM from Partners Group

Climatetech • Equity • Zurich, Switzerland
 

Built Robotics raises $64MM from Tiger Global Management

Heavy Duty Vehicles • Round C • San Francisco, CA
 

ClimeCo raises $50MM from Warburg Pincus

Consulting • Equity • Boyertown, PA
 

Future Family raises $25MM from Munich Re Ventures

Femtech • Round B • San Francisco, CA
 

Amplemarket raises $12MM from Comcast Ventures

CRM • Round A • San Francisco, CA
 

Trunk Technologies raises $25MM from Initialized Capital

Engineering • Round A • San Francisco, CA
 

OrthoBethesda acquires Shady Grove Orthopedics

Orthopedics • Acquisition • Bethesda, MD
 

Dayton Superior acquires Kodi Klip 

Building Products • Acquisition • Miamisburg, OH

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