Breaking the Barriers: Empowering Women in Business and Finance with Melody McCloskey

10.18.2023 - By Shannah Game, Money, Money Therapy, Personal Finance, Millennials, Generation X & Glassbox Media. If you enjoy BiggerPockets, On Purpose with Jay Shetty, The Personal Finance Podcast, The Mel Robbins Podcast, & Planet Money, this show is for you! Play

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Two percent of venture capital money goes toward women-owned businesses. Still, in 2023. It’s still somewhat shocking to me. Our guest, Melody McCloskey, co-founder and CEO of StyleSeat, the premier platform for booking beauty and wellness appointments, is one of those lucky 2 %. She started her business in 2011, ironically right next to the two Instagram founders who would ask her thoughts on what Instagram photo filters she liked. As a woman, she’s learned how to grow a business from the ground up and push through the boundaries of being a female tech business owner, what you need to know to pitch yourself for venture capital funds the right way, and why it’s so important to have a good money team in place. She’s sharing all the juicy bits in this episode and the money lessons she’s learned.

Links

StyleSeat https://www.styleseat.com/m/

Melody on Instagram https://www.instagram.com/melody/

10 Money Questions to Ask Yourself Freebie https://bit.ly/10moneyq

Timestamps

[00:00:46] Lack of venture funding for women.

[00:05:51] Taking unconventional risks in business.

[00:09:56] Normalizing talking about finances.

[00:11:11] Doubting and building a business.

[00:16:04] Founding documents and equity.

[00:18:48] Seeking support in starting businesses.

[00:24:30] Starting StyleSeat near Instagram founders.

[00:28:09] Lack of venture funding for women.

[00:30:55] Women's impact on venture capital.

[00:34:07] Different paths to success.

[00:39:54] Branding and design importance.

[00:43:29] Have a clear vision.

[00:45:35] More funding for women