Show Notes: WorkParty Guest Kristen Bell


The fourth episode of WorkParty is here for you to enjoy! This week is exciting, because it’s all about paying it forward. Did you know that one of the biggest questions millennials have when applying for jobs is what social good initiatives companies are tied to? Well, this week we have two leading women who are all about helping each other and helping the world. This week’s expert, Jesse Draper, is a founding partner of Halogen Ventures, which help fund women-founded businesses. Actress and activist Kristen Bell is our special guest of the week, and she dishes on everything from society’s views on women, to how responsible businesses are changing the planet. Before you dive in and listen, take a look a the show notes below for a preview.

Jesse: “The way you raise money is by reaching out to a venture capitalist, or an investor of any sort. These include high-net worth individuals, family offices, and institutions.” (4:10)

Jesse: “You would rather sell your company owning the whole company for a billion dollars, than sell your company owning 13% of it for a billion dollars.” (5:16)

Jesse: “Every time you raise money, people basically get a piece of your company or a piece of you.” (5:30)

Jesse: “There are times to raise money. Which means, if your company is growing too fast, you need to fund it in order to keep up the momentum. And also, sometimes people take on investment because they need strategic capital.” (5:45)

Jesse: “There are different reasons to bring on investment, but I’d say if you can boot it, strap it, and run it yourself, that’s the best case scenario. But a lot of people aren’t in that situation and need to take on capital if they have a dream they wan to chase.”(6:17)

Jesse: “I look for a killer team, and that could be complementary.  It could be co-founders, or people who have experience that complements each other. One might be a tech person and one might be able to run ops. I look for really, really passionate people who are excited about what they’re building.” (6:50)

Jesse: “It’s hard being an entrepreneur. It’s a long-term haul, and it’s definitely a marathon and you should plan on being in it for 10 years.” (7:45)

Jesse: “I look for billion dollar markets, with a B. I think that’s really important because I need to make a return on my capital.” (8:10)

Jesse: “It’s not like women vs. men. That’s not the issue. Men control majority of the capital, so they need to hire women and support women and advise women and not just their own colleagues.” (11:15)

Jesse: “Women have 80% of purchasing power in the US. Why aren’t you investing in female products?” (11:55)

Jesse: “I always take a meeting with a woman if I possibly can, even if it’s just for 15 minutes.” (15:06)

Jesse explains how when she was growing up and took meetings with women whom she admired, they weren’t always particularly nice to her. But things have changed. That was a generation of women who had to claw their way up to the top and didn’t have as much of a support system as we do today. (15:50)

Jesse: “I want young women to have role models in that position, because that’s something I really didn’t have.” (16:45)

Jesse: “I think it’s important that you mention other great women when you’re out there so that you bring them a little attention too.” (17:05)

Jesse: “As a woman running a company, brag about it. You never know where that next leg up is going to come from” (18:05)

Jaclyn introduces Kristen Bell (25:25)

Kristen: “Growing up I had a mom and a stepmom who both worked, so I had a good example of hardworking women who balance a job and being present mothers.” (26:06)

Kristen: “Moms who don’t support other moms, and women who don’t support other women, there’s a name for that…it’s called being a jerk” (29:10)

Kristen: “Women are expected to reach pay equity with men by 2059, which is unacceptable.” (35:19)

Kristen: “When a woman is bossy and intimidating, it send people’s DNA and their brain on the fritz and they don’t know why.” (35:54)

Kristen: “Another issue that has come up with the pay gap is that women are less likely to negotiate, they’re less likely to say: I deserve this.” (36:05)

Kristen: “I start everything from the solution backwards.” (42:08)

Kristen: “If you want to see change, you have to make the problem as small as possible.” (42:35)

Kristen explains how so many of us want to make a difference, and that starts by reaching out to people who have made a difference. Whether it’s a phone call or direct message, ask them how they made a difference and what do you need to try it out for yourself. (42:50)

Kristen: “You have to be okay with not knowing, and then all of a sudden the answers up to you.” (46:00)

Kristen: “I have a much easier time talking about these things, because people listen to me.” (48:00)

Kristen: “Find a person smarter than you. It’s the way to run a business” (53:15)

Kristen: “For profit, for good companies are the future of this planet.” (53:50)

Kristen: “I think responsible businesses are what’s going to save the planet.” (54:22)

Kristen: “Transparency is a very special part of business.Every business can be as transparent as they want to be and I look for that transparency.” (57:30)


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