ENTREPRENEUR GROUP EYES VENTURE CAPITAL

Written on the 11 July 2016 by Laura Daquino

ENTREPRENEUR GROUP EYES VENTURE CAPITAL A LEADING networking community has announced plans for a venture capital raise to develop its first app.

The League of Extraordinary Women plans to connect female entrepreneurs with likeminded women anywhere in the world through a new technology platform.

Previously The League has only operated in Australia through networking events including its annual Run The World conference.

The League CEO and co-founder Sheryl Thai says the plans have been in motion for about six months now.

"In 7 days, we will be flying over to New York, Colorado, San Francisco and Los Angeles to embark on a journey that will catapult The League to the next level," Thai said earlier today.

"We have never built an app before, nor have we raised venture capital, but similar to anyone else embarking on a new business idea, we had a dream."

She says the platform will be dedicated to facilitating 'real connections' that make the journey to the top less lonely.

"We have seen firsthand over the last four years how The League has inspired new business startups, facilitated collaborations, created incredible friendships and inspired the next generation of female entrepreneurs," she says.

"We have launched in 9 cities around Australia, showcased over 80-plus female entrepreneur speakers, run conferences with over 3000 women attending, created a community of over 10,000.

"With only a handful of sponsors that believed in us - shout out to the Wade Institute - we have been bootstrapping along.

"There was a point that we, the co-founders, had invested all the spare money we had to keep The League alive. Admittedly, we almost had to shut up shop because we didn't know how we could afford to keep funding this organisation."

Thai is urging her followers to help out should they deem the cause worthy by joining The League 'for less than a coffee a week', following her US tour on social media or 'investing' by attending the upcoming Social Media Masterclass or Run The World conference in Melbourne.

The League of Extraordinary Women was started by Thai, Sarah Riegelhuth, Liz Atkinson and Marie de Vera in Melbourne in 2011, a group of entrepreneur friends who would meet 'over cupcakes and coffee' and discuss the challenges of running a business.

Thai is the creator of Cupcake Central, which she started after losing her job as an IT consultant in 2009.

Read more about The League of Extraordinary Women.


Author: Laura Daquino Connect via: Twitter LinkedIn

Latest News

THE STAR'S STUNNING ANSWER TO CROWN'S BARANGAROO

THE Star Entertainment Group (ASX:SGR), not to be outdone by James Packer's Barangaroo development across the ...

BRISBANE COAL TERMINAL REOPENS AFTER SHIPLOADER REPAIR

COAL loading has recommenced at New Hope's (ASX: NHC) Brisbane terminal today after repairs to its ship loader, w...

SUPERYACHTS OFFER UNTAPPED POTENTIAL AT COMMONWEALTH GAMES

SUPERYACHT Australia has devised a strategy to attract more superyachts to Queensland and capitalise on revenue op...

GDP FIGURES A 'WAKEUP CALL' FOR PARLIAMENT

THE GDP figures are an end-of-year wakeup call for Parliament about what lies ahead for the country, according to ...

Related News

HOW MCDONALD'S AUSTRALIA REDISCOVERED ITS INNOVATIVE SPIRIT

MCDONALD'S is such a ubiquitous part of the Australian landscape today that it is easy to forget how it change...

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter