Whitney Wolfe- Helping Women Realize Their Dreams
Lack of funds has been identified as the greatest stumbling block for women seeking to venture into entrepreneurship, not just in America and Europe but also across the world as well. In fact, women are repeatedly denied funding in comparison to their male counterparts. Upon realizing this obstacle that women of today are faced with, Whitney Wolfe, the creator of Bumble app has launched Bumble Fund seeking to enable women who are denied funding yet they have valid dreams and big ideas achieve their goals. With recent statistics pointing out how women were unfairly denied funding in 2017, the Bumble founder has started a campaign to provide capital to promising and ambitious women. Connect with Whitney Wolfe by visiting her linkedin account.
Whitney Wolfe is thus using the proceeds from her massive dating app to start the Bumble Fund, which is simply a form of venture capital fund seeking to support women entrepreneurs in the formative phases of their business. The fund will be managed by Bumble’s COO, Sarah Jones. Sarah Kunst will be tasked with investment strategies. The venture capital comes in wake of recent activities that seeks to enable Bumble gain ground in today’s male-dominated venture capital industry.
To support her move for supporting female entrepreneurs, Whitney Wolfe said that there is already an overwhelming amount of data that reveals that businesses that have been started by women are more likely to thrive compared to those started by their male counterparts. Nevertheless, there still exists a glaring gender gap in venture capital. According to the Bumble founder, the tech firm was established with gender equity in mind. Therefore her firm will be striving to offer a tangible solution to this problem. With a workforce comprising of 85% women, Whitney Wolfe insists that Bumble fund will help solve the plight of women who are largely overlooked by today’s venture capital establishment.
Bumble Fund focuses on businesses that appear to be struggling in their early stages, especially those that are owned and managed by female entrepreneurs. The biggest beneficiary of Bumble Fund will be female entrepreneurs from disadvantaged groups. Therefore Wolfe will certainly be instrumental in enabling female entrepreneurs realize their investment dreams.