Calling High Net Worth Women in the UK

Angel Academe, whose advisory board I’m on, is looking for UK-based high net worth women to participate in an EU-funded survey about angel investing – we need women who don’t invest to participate as well, as long as you qualify. If this is you or a friend, please share. More here, from Angel Academe:

DeepMind, SwiftKey and Zoopla are all examples of successful British businesses who received practical and financial support from angel investors. Angel investment is one of the most important sources of help for new businesses. It’s also a great way to share expertise and build new connections. Angel investing is exciting, enjoyable and collaborative, offering women the chance to use their financial capacity and business skills to back high-growth potential entrepreneurs. Yet only 14% of angel investors are women, although we now own 48% of UK wealth!

Angel Academe and UK Business Angels Association, the trade body supporting the growth of angel investment in the UK, are working together on a new piece of research to find out more about women’s perceptions of angel investing. This research is part of a new EU project called “Women Angels for Europe’s Entrepreneurs”, enabling us to review the situation in the UK as well as France, Italy, Spain, Portugal and Belgium.

The results will help us understand how to engage more women in angel investing – to help support the economy, early-stage businesses (especially those started by women), as well as developing their own career and financial opportunities.

The research is based on a short online survey that will take no more than 10 minutes to complete. The survey is being hosted by Cass Business School, a leading UK academic institution who will also analyse the results. All information submitted will be treated entirely confidentially, with all data aggregated and anonymised. Survey participants will be offered early access to the findings and invitations to associated conferences, events and workshops about angel investing.

So, how can you help?

If you’re an existing female angel investor: Please complete the survey and share it with your friends and network.

If you’re a woman with the financial capacity and/or relevant investment or business experience, but are not an angel investor: Please complete the survey and share it with other women like you.

If you’re a man: Although the survey is exclusively for women, we’d appreciate your help! Please share it with the women in your network who qualify.

If you’re an advisor or network with High Net Worth women as your clients or members: Please share the survey with them – we’d be very grateful.

Start the survey

An interview with me on F Equals

Back in December, Danielle Newnham from F-Equals (previously called Tease and Totes) interviewed me for their blog. They just updated the interview with an additional question, so I thought it would be a good time to share it here.

Finally, if you could go back in time, what advice would you give a younger Anjali?
To my younger self, I would say – believe in yourself. Be less self-conscious and don’t worry about what others will say. I was way too concerned about the opinions of others when I was younger, and only much later in life realised that the best person to help me is me – meaning, if I didn’t do what I think I should for fear of others, the only person who would be negatively impacted is me. And much like investing in startups, the potential upside is very high. I’d tell my younger self that yes, mistakes would be made, but that’s OK because that’s how I’d learn and become better. I’d ask her to make more of a habit of saying ‘yes’. Having the privilege and ability to say ‘no’ would come much later in life.

You can read the interview in full on the F-Equals site.

A summary of Female Futures Forum, London 2017

The panel discussion at Female Futures Forum. Image via The Future Laboratory.

A few weeks ago I was at the Female Futures Forum hosted by the Future Laboratory. It was based on their latest research looking at female entrepreneurialism and innovation. I’d been interviewed by them as part of their research a while back, so it was good to see the final output presented.

The research presentation covered a few key facts about women in business, which may be familiar to many but should become familiar to everyone. They bear repeating; here are some of them:

  • It will take another 169 years to plug the global pay gap between men and women (WEF 2016)
  • Businesses with 3 or more female directors, or a female CEO and a female director, perform 36% better in terms of return on equity (MSCI)
  • Companies with more women on their boards are less likely to be hit by scandals such as bribery, fraud or shareholder battles (MSCI)
  • Women in the US are starting businesses at 1.5 times that of the national average (The Economist)

The presentation also noted how many brands are now paying attention to women and their place in the world. Some campaigns highlighted were UN Women Egypt’s print ads about the gender split in the workforce, GE’s brilliant campaign showcasing a world where female scientists are treated like celebrities, and the Nike ad featuring female Arab athletes.

However not enough companies are putting their money where their mouth is when it comes to actually hiring enough women, or promoting them. As Cindy Gallop says:

We are seeing virtually zero change. Stop talking about it – start doing it. I don’t want to see nice words and fancy ads. I want to see THIS. Put your money where your mouth is.

The second part of the event showcased interviews with female Gen Z entrepreneurs who believe, amongst many other things, that there is place for more than one woman at the top, and that it is only by taking care of oneself that a person can create a business that succeeds (the latter quote, and image below, by 22-year-old Phoebe Gormley of Gormley & Gamble).

The last session of the day was a panel discussion featuring Cilla Snowball, Chair of the Women’s Business Council and Group Chairman and CEO of AMV BBDO, Dr Mara Harvey, head of UBS Unique and a senior manager of UBS Wealth Management, Sara Shahvisi, director of programmes at Fearless Futures, and Sam Baker, co-founder of The Pool, moderated by Tracey Follows, Chief Strategy & Innovation Officer at the Future Laboratory.

Dr. Mara Harvey spoke about the challenges she faced in setting up UBS Unique, a division focussing on female clients, in the heavily male-dominated world of finance. She grappled with something as simple as naming the programme because she knew it needed to be taken seriously by men as much as women (and hence rejected the name Athena!). The goal of the programme is to educate at least 1 million women in finance.

Sam Baker was candid and spoke with honesty about her journey getting funding for The Pool. In her experience, men prefer to hear made up numbers as they want to invest in what they consider ambitious projects, whether or not they made sense. Sam narrated how she went to a VC meeting with her (female) communications director and was told they needed a man on the team ‘because it would look better’. She also narrated how she was constantly asked to justify her lifestyle business as a woman while men who had similar businesses were never asked to, despite by their own admission being less ambitious than her.

Sara Shahvisi said that educating children about things like gender bias should start in school – 21 years old is way too late as habits are already firmly set by then. She also spoke about how women should be compensated for the amount of time they spend caring for other people as they take the bulk of the responsibility for a fruitful society. She highlighted the need to talk about diversity of all sorts – not just gender but race, colour etc.; that the definition of diversity needs to be broader.

Cilla Snowball focussed on the need to make men as responsible for women’s success as women themselves. For example, the analogy about women needing to extend the ladder down to help other women up should apply to men as well. Men should also be celebrated for supporting women as much as women are, so that more men do it. She also made an important point about the need for younger female role models – the older women who have decades of experience are important to showcase but may not be relatable for a 12-15 year old.

All in all, a really inspiring morning. Huge thanks to Tracey Follows for the invite!

 

Koreo Prize: Do you know any smart young people in the UK aged 18-27?

I’m really pleased to be a judge for the inaugural Koreo Prize, a competition to encourage young people in the UK aged 18-27 to explore some of the most pressing issues of our time.

The Koreo Prize is a national storytelling competition for young people to unlock fresh takes on some of the complex social issues affecting the UK, using any combination of media. A UK first, we’re asking participants to choose one or more of six issues aligned with the UN’s Global Goals: gender equality, social mobility, food security, community resilience, wellbeing & social housing.

This competition is open to anyone between 18 and 27, there are no right or wrong answers – just a unique exploration of the issues! Plus, entrants get to be part of a community of emerging young thinkers whilst having the opportunity to win £5,000, paid work placements, free learning opportunities, tickets to global conferences, and mentoring opportunities.

The deadline for submissions is 4 April 2017 and will be judged by a panel of experts from across the public, private and non-profit sectors, including yours truly.

If you know anyone who fits the bill, do encourage them to apply! More info on the website.

My favourites from the Designs of the Year 2016

I went to the Designs of the Year exhibition a couple of weeks ago at the recently-reopened Design Museum. The annual exhibition is something I’ve been visiting for a few years now. There’s always some extremely inspiring stuff -some commercial, some clearly not as commercial – but all worth knowing about. Here are my picks of the exhibition:

Lumos Helmet: To be clear, I’m not a bike rider, but the incidences of bike accidents on the roads of London have been alarming lately. The Lumos Helmet began, as many of these projects do, as a Kickstarter project, and ‘beautifully integrates lights, hard brake, turn signals, and helmet into a single cohesive whole’.

The Bottom Ash Observatory: I’ve never thought of municipal waste as a thing to spend time thinking about (beyond its sustainable disposal), but Christien Meindertsma has published a book showing the richness she was able to extract from ‘100 kilos of incinerated household and industrial waste: the “waste of waste.”’

The Smog Free Project: Daan Roosegaarde’s Smog Free Project is a 7-meter-high structure that effectively functions as the largest air purifier in the world, ‘creating a circular zone of clean air for citizens to experience and enjoy’. It cleans ‘30,000 cubic meters per hour using ozone-free ion technology and a small amount of green electricity’. Currently installed in Beijing and Rotterdam, I know many a city that needs multiple versions of this. Admittedly it helps clean up, instead of forcing people to acknowledge the issue in the first place – but maybe that can be an evolution of it.

Hello Ruby: I heard about this when it first came out (again a Kickstarter project, but back in 2014) so it was nice to reacquaint myself with it here. Hello Ruby is a children’s book for those aged 5 or over that teaches them to code in a fun way.

Joto: This is such a brilliant idea, and I know I sound like a parrot here but it also came from Kickstarter (public launch due in 2017). It’s an internet-connected Etch-a-Sketch, or in other words, you can draw or send messages from the web to a frame on your wall. Super creative.

Refugee Republic: Premiered at the Amsterdam documentary festival IDFA in 2014 and winner of a Dutch Design Award in 2015, Refugee Republic is an interactive documentary about life in a Syrian refugee camp in Domiz, Northern Iraq. A really immersive way to get your head around some of the human stories playing out even as we speak.

Design That Saves Lives, Bangladesh: When the Rana Plaza collapse happened in 2013 killing over 1000 people, I was only too aware of the risk of something like that happening multiple times a day in crowded cities that I’m familiar with, like Delhi. So I was immensely relieved to see the work of Arup’s Ireland office in Bangladesh in the months following the collapse: a structural safety assessment that now helps to save thousands of lives.

MTV’s Martin Luther King Day media campaign #thetalk: I missed this when it came out in 2015, but it appealed to my time in a media agency as one of the most creative ways to get an important message across using TV. On MLK Day, MTV telecast all their programmes in black and white, prompting discussion of race by their target audience, millennials.

Post/Biotics by Vidhi Mehta: A project by an RCA student in Innovation Design Engineering, this project aims to draft the public into helping to test natural substances that might be able to function as antibiotics. Antibiotic resistance is becoming a huge challenge to scientists the world over – in fact it is also the focus of the £10 million Longitude Prize. Post/Biotics is a very low-touch way of working on this problem, and reminds me of campaigns like Cancer Research’s Genes in Space mobile game, where players were drafted to find a solution to cancer.

10 Things I Learned In 2016

1) NARP: Nonathletic Regular Person. From this conversation between Jason Kottke and his niece about her usage of Snapchat.

2) Nae-nae: ‘a hip-hop dance that involves planting one’s feet, swaying with shoulder movement, placing one hand in the air and one hand down, and incorporating personal creativity’ (Wikipedia). From Sophia DeJesus’ college gymnast routine, as described by Time.

3) LIGO: Laser Interferometer Gravitational-Wave Observatory. From this New Yorker story about how scientists finally found gravitational waves. Also, the ‘interferometer’. What a brilliant word!

4) Zero-day exploits: ‘an undisclosed computer-software vulnerability that hackers can exploit to adversely affect computer programs, data, additional computers or a network. It is known as a “zero-day” because it is not publicly reported or announced before becoming active, leaving the software’s author with zero days in which to create patches or advise workarounds to mitigate its actions’ (Wikipedia). From this blog post by Ben Thompson discussing the dispute between Apple and the FBI over hacking an iPhone earlier this year.

5) Mario and Luigi: the names of the two robots created by the MIT Senseable City Lab to crawl underground sewers in Cambridge, MA and collect virus samples. From this Forbes article explaining the project.

6) This Noah Chomsky quote, which can be applied to 2016 in general, from this Medium post by Professor Sara Goldrick-Rab on why she left the University of Wisconsin-Madison for Temple University.

“Optimism is a strategy for making a better future. Because unless you believe that the future can be better, you are unlikely to step up and take responsibility for making it so.”

7) The cellphone reception area between DC and Baltimore was called the ‘dogbone’ because it represents the shape of the area served by the same tower. From Sarah Koenig’s day 3 update to Serial Season 1. 

8) The longest artist name recorded on Songkick is The World Is a Beautiful Place & I Am No Longer Afraid to Die (61 characters). From this Songkick post on designing with data. 

9) Prosopagnosia: Face blindness (Wikipedia). From this TED talk by Nancy Kanwisher, ‘A Neural Portrait of the Human Mind.

10) Qualia: The way things seem to us. Read this PDF for more. First spotted in this Aeon article about how AI can shed new light on literary texts.

Highlighted passages from ‘Between the World and Me’ by Ta-Nehisi Coates

This book is almost quotable in its entirety. It can be distilled into one hashtag: #blacklivesmatter. Still, here are a few passages that I pulled out.

Black people love their children with a kind of obsession. You are all we have, and you come to us endangered. I think we would like to kill you ourselves before seeing you killed by the streets that America made. That is a philosophy of the disembodied, of a people who control nothing, who can protect nothing, who are made to fear not just the criminals among them but the police who lord over them with all the moral authority of a protection racket. It was only after you that I understood this love, that I understood the grip of my mother’s hand. She knew that the galaxy itself could kill me, that all of me could be shattered and all of her legacy spilled upon the curb like bum wine. And no one would be brought to account for this destruction, because my death would not be the fault of any human but the fault of some unfortunate but immutable fact of “race”, imposed upon an innocent country by the inscrutable judgment of invisible gods. The earthquake cannot be subpoenaed. The typhoon will not bend under indictment. They sent the killer of Prince Jones back to his work, because he was no killer at all. He was a force of nature, the helpless agent of our world’s physical laws.

All my life I’d heard people tell the black boys and black girls to “be twice as good”, which is to say “accept half as much”. These words would be spoken with a veneer of religious nobility, as though they evidenced some unspoken quality, some undetected courage, when in fact all they evidenced was the gun to our head and the hand in our pocket. This is how we lose our softness. This is how they steal our right to smile. No one told those little white children, with their tricycles, to be twice as good. I imagined their parents telling them to take twice as much. It seemed to me that our own rules redoubled plunder. It struck me that perhaps the defining feature of being drafted into the black race was the inescapable robbery of our time, because the moments we spent readying the mask, or readying ourselves to accept half as much, could not be recovered. The robbery of time is not measured in lifespans but moments. It is the last bottle of wine that you have just uncorked but do not have time to drink. It is the kiss that you do not have time to share, before she walks out of your life. It is the raft of second chances for them, and twenty-three hour days for us.

But like at least one third of all the students who came to Howard, Prince was tired of having to represent other people. These Howard students were not like me. They were the children of the Jackie Robinson elite, whose parents rose up out of the ghettos, and the sharecropping fields, and went out into the suburbs, only to find that they carried the mark with them and could not escape. Even when they succeeded, as so many of them did, they were singled out, made examples of, transfigured into parables of diversity. They were symbols and markers, never children or young adults. And so they come to Howard to be normal – and even more, to see how broad the black normal really is.