In the middle of last year, I joined SheEO — a global network of “radically generous women building a $1B perpetual fund working on the world’s to-do list.” Basically, we’re a bunch of women who want to invest in making the world, and our prospects within it, a better place by supporting each other and sharing capital, resources and connections to do it.
Founded in 2015 in Canada, SheEO is now active in four other regions (NZ, US, Australia and UK) with 7,000 investors who have supported 107 ventures with more than $7m of capital. As Canadian founder Vicki Saunders says, “To get to the new solutions for the world’s most pressing social issues; we need to shed our ‘winner takes all culture’ that has resulted in 5 men having the same wealth as half the planet! 51% of the population are women. Yet, we receive 2.2% of the capital. This is statistically impossible without massive bias designed into our systems and structures.”
I love everything about being part of this fantastic network; the shared spirit of radical generosity; the scope of the founders’ vision; the wide variety of women involved – all ages, races and cultures are welcome; the feeling of being part of something that is making things happen, not just a gabfest. I’ve been a member of a fair few networks in my lifetime, but never one that has so wholly fulfilled its promise. We are genuinely a community of support where people with something to give offer it, and people who need something feel free to ask.
I’m what’s known as an “Activator”. Activators invest a fixed amount each year which goes into our own region’s pool of money. This pool supports emerging female entrepreneurs launching or growing businesses that create the socially and environmentally sustainable models of the future. Selected entrepreneurs receive 0% loans. Repaid loans — to date, there has been a 95% repayment rate — are paid forward, augmenting the available pool of money. Funded businesses get coaching and development support. Most of all, they get access to a global community of women who support them as customers, advisors, connectors and fans.
What’s great is that everything is on our terms. You can be as involved as you want to be. Ventures are free to build their companies according to their values. Activators support when and how they can, including being involved in selecting companies receiving loans. Everyone commits to showing up with radical generosity to bring out the best in each other.
I just saw the breakdown of ages of the entrepreneurs in my New Zealand region who have received funding and was thrilled to see nearly 28% of them are women over 50. It’s heartwarming to see increasing numbers of women shrugging off the cloak of invisibility that age seems to drape over our shoulders, leaving us marginalised and without a voice. I co-founded a tech start-up at 51 and cannot for the life of me see why more of us don’t give it a go. For sure, it’s risky and exhausting, but also exhilarating and most definitely character building. As George Eliot so famously said, “it’s never too late to be who you might have been.”
Not everyone is cut out to take this sort of leap, particularly at a life stage when the prudent are squirrelling away maximum quantities of nutritious nuts to see them through their retirement season. But the world is changing rapidly, and establishing a business for good is one way to make your mark on how the changes roll out. Unlike so many things these days, I believe this is binary: we change for good or bad. The choice is ours — by embracing radical generosity and supporting the people who can and want to make it a change for good, we can get beyond all the inequities that exist. With a spirit of radical generosity, we can cut across tribal boundaries, hates and discriminatory mindsets and ignore the fake news and conspiracies.With radical generosity as a philosophy, they become irrelevant and we can break the winner-takes-it-all model. With radical generosity, we can stop fixating on past mistakes and concentrate on building bridges, negotiating with each other kindly and creating meaningful communities of mutual support with a shared vision of the world we want to see.
Thanks to Saba.com for the header image.