Power - Does it Corrupt Absolutely?
Gillian and Anne discuss a recent report in the Washington Post that power reveals who we really are and people with certain tendencies will gravitate to certain types of professions, examining what kinds of tendencies lead people to become entrepreneurs of lifestyle businesses, scalable but privately held businesses, and scalable funded businesses. Given that far more women resonate with looking at capitalization stacks instead of simply asking for equity investment to grow their companies, what implications does power have for startups and investors. Women are far more willing to look at the nuances of capitalizing their companies and women are FAR more likely to resonate with the idea of self-funding (what can I sell today to pay for what I want to build tomorrow?) than men. They want to use OPM (Other People's Money) with the limit of liability stopping at the corporation they are attempting to build. On the flip side, about 90% of women resonate with the idea that they may not have to raise equity. Women are far more concerned that they will be ousted by their male equity funders than men.
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