How She Does It

Over the past 10 to 20 years, the sharing economy has taken over: In many ways, renting and returning is now our way of life. Think about it: We stay in strangers’ homes via Airbnb and VRBO, we borrow books on Kindle, Zipcars are viable alternatives to owning a car, and we rent a different dress for every wedding or event so we never have to be Instagrammed wearing the same thing twice. 

But what about renting things for the smallest members of your family? Fran Maier, CEO and founder of BabyQuip, has made that possible. With BabyQuip, traveling families can rent high-quality everything from cribs and toys to car seats for when they’re on the go. 

Listen in to hear Maier’s advice as a serial entrepreneur, her biggest regret when selling Match.com, and her hope for the future of female-founded companies.

Chapters

00:00 Entrepreneurial Roots

03:29 Early Career and Match.com

15:44 Time After Match.com

22:12 Pitching BabyQuip on Shark Tank

23:45 Navigating the Challenges of the Pandemic

26:02 Competition and Market Strategy

29:46 The Gender Gap in Financing

31:24 Lightning Round

33:13 Where to Find BabyQuip

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Music is ever-present in our lives, from our morning exercise routines until bed. And we all have a "life soundtrack" of songs that transport us to a moment or an era — one note and you're right back there. Music is also a multi-billion dollar business. But who runs this business? Despite so many of the biggest performers being women, the industry itself has long suffered from a lack of women and diversity — not only on the talent side but also on the executive side. 

One of the most powerful longstanding players in this business is Jody Gerson, Chairman and CEO of Universal Music Publishing Group. She’s the first woman ever to hold the position at a major music publisher, and since joining UMPG in 2015, she’s transformed the company, which has now surpassed $2 billion dollars in revenue.

Listen to how she got her start in the music industry, how she can tell the difference between a mediocre song and a hit, and why she is working to make the industry more inclusive for women. 

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Let’s just admit it: Being a working mom in America is absolutely exhausting. Today, millions of women in our country are struggling to pay for their children’s care while they maintain their spot in the workforce. At the same time, American women are also fighting against the so-called “Motherhood Penalty,” which means that mothers earn just 58 cents for every dollar paid to fathers. 

Allison Robinson found herself — like many women! — questioning whether or not it was even possible to have both a family and a career. So, she decided to do something about it. She left her job at Procter & Gamble to start “The Mom Project,” which is now the leading digital marketplace for moms offering hiring, education, and retention solutions. Listen in to learn more about her mission to connect moms with jobs that work with their schedules, and how women can stay engaged in the workforce while taking career breaks. 

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How does she do it? This week, we decided to ask our indomitable host, Karen Finerman, and co-host of InvestingFixx, HerMoney’s investing club for women, how she makes it all happen. Between her role as CEO of Metropolitan Capital Advisors, being a panelist on CNBC’s Fast Money, serving as a Wharton board member, and being a mom to two sets of twins, she does it ALL. We knew it was time to share her incredible story. 

Listen in to learn why Karen decided she wanted to become a risk arbitrageur at age 15, how she worked full time while raising her kids, and her best advice for getting invested — and staying invested — as a woman.

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There are countless situations in which risky behavior can be detrimental to your life. But there’s one area though, where risk can be a very good thing — sometimes life-changingly incredible. That’s with entrepreneurship and your career. In fact, not taking risks is arguably one of the riskiest things you can do in your career, and perhaps no one knows this better than Pinky Cole, owner of Slutty Vegan, and author of “I Hope You Fail: Ten Hater Statements Holding You Back From Getting Everything You Want.” 

Pinky Cole knows exactly what it means to take risks in her career, fail, and get back up again. When her first restaurant burned down, she didn’t let it break her. Instead, she took it as a sign that she wasn’t fully aligned with her purpose, and chose to completely reset. Fast forward to today, and she’s the owner of the multimillion-dollar vegan empire Slutty Vegan. Our favorite bit of Pinky Cole brilliance from this conversation? “The sky is not the limit, there’s so much more beyond it.” We couldn’t agree more. 

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While a whopping 25% of 40-year-old Americans have never been married, an all-time high according to Pew, engagements and weddings are still a huge business. Couples spent an average of $5,800 on an engagement ring in 2022. And with all of the different companies out there vying for your engagement ring dollars, how does a business target couples at the exact right moment when they’re ready to buy a ring? 

Gina Drosos has that moment down to a science. She’s ​​the CEO of Signet Jewelers, the world’s largest diamond retailer. When she took over as CEO six years ago, she made a pivot into data-driven business decisions that studied couples’ 45 “trackable milestones” that lead them to get engaged — and it transformed the company. Listen in to hear her philosophy as a “spider web leader” and what she’s doing to lift up other women as she climbs. 

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Long gone are the days when going to therapy was something we hid from our friends, family, and even our spouses because of the fear that “they might think something is wrong with us.” These days, we share our learnings from therapy proudly and wear good mental health like a badge of honor. And at HerMoney, we love to see women talking about things that used to be taboo (like mental health and money!) because it makes it easier for all of us to learn from one another. 

Yet even though we’ve made progress with what’s “off limits,” there’s still a stigma surrounding couples therapy. Many believe it’s only reserved for couples who are dealing with serious relationship issues like infidelity, abuse, dishonesty, or other toxic behaviors. But  Kati Morton, YouTube creator, and licensed marriage and family therapist, is using her platform to help couples understand that seeking out therapy shouldn’t feel so weighty. In fact, it can be an asset to any relationship. Listen in for more insight into the benefits of therapy ahead of Valentine’s Day, along with the patterns Kati notices that make her optimistic that a couple can get through any conflict.

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It’s crazy to think that it’s only in recent history that women have been able to open a bank account, let alone own a bank. As recently as 1970, women could be turned away by lenders if they didn’t have a male co-signer. There are 4,236 FDIC-insured banks in the United States, and according to Bankrate, there are only 13 women-owned banks – Lead Bank being one of them. 

In her role as Chief Development Officer at Square, Jackie Reses saw how important access to capital was to small businesses. So, when she left that job, she decided to open a bank. Listen in to hear about Jackie’s career from private equity to building a successful startup and then buying a bank — and why she says being a business owner brings her so much joy.

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What comes to mind when you think of a poker game? Is it a basement or a casino? Is it filled with smoke? Is it mostly men? If those are the assumptions you made, you’re not far off because of the one hundred million people who play poker, fewer than 10% of them are women. Learning the game of poker isn’t just for fun though, it can teach women key skills in life — making bets on themselves, taking risks at work, and practicing their best poker face in a negotiation. 

Erin Lydon is the President of Poker Power, a women-led community that uses the game of poker to build confidence, challenge the status quo, learn strategy, and assess risk. Listen in to hear about her career from private banking to poker whiz, the difference between a fish and a shark (in poker, not the aquarium), and how women can use the skills learned in poker to navigate everything from a divorce to a raise.

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Have you ever thought about what goes into a Broadway production? I mean really thought about it? For one, it can cost upwards of $20M (yes, million) dollars just to put a show together that includes scenery, costumes, lighting, and rehearsals just to name a few expenses. 

Carmen Pavlovic, co-owner and CEO of Global Creatures has done that many times worldwide and her hit show — Moulin Rouge! The Musical earned her and her team 10 Tony Awards including Best Musical. Listen in to hear about the many years of hard work it took to make the show, including working with 160 composers represented by 30 publishers to license the music alone, and why Carmen reads all the reviews — both good and bad.

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