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Coworking Spaces Aren't Inclusive. Ethel's Club Wants To Change That

Coworking spaces are popping up around the country to serve different niches of business owners, creatives and everything else in between. These alternative offices are helping entrepreneurs build their networks and grow their businesses, but founders of color are finding that some of these spaces lack inclusivity. Naj Austin saw a void in her Brooklyn neighborhood: There were no spaces that specifically targeted people of color and the businesses they were building. She made it her mission to fill that gap. Austin built Ethel’s Club, a social club for people of color that serves as a personal and professional haven for minority business owners. It joins a host of other social clubs opening in New York City, but it is one of the few completely dedicated to fostering an environment for founders across various racial and ethnic backgrounds. Photo: Ethel’s Club According to a report by AllWork , coworking spaces accounted for nearly ten percent of leasing volume in New York during the...

Apr 26, 2019

Serena Williams Reveals Her VC Firm Funding Women and Underrepresented Founders

There isn’t much that Serena Williams can’t do. Not only has she been making major moves on the tennis court, but she’s quietly built an impressive tech portfolio. Recently, Williams decided to finally reveal her venture capital firm, Serena Ventures. “I launched Serena Ventures with the mission of giving opportunities to founders across an array of industries,” Williams said in an Instagram post.  “Serena Ventures invests in companies that embrace diverse leadership, individual empowerment, creativity and opportunity.” Serena Ventures was originally founded in 2014 and has quietly funded over 30 companies led by women and underrepresented groups. The companies range across the beauty, food and retail industries. Mayvenn Hair , an online hair extension company, and women-focused co-working space, The Wing , are on the list of Serena Ventures-funded companies. View this post on Instagram A post shared by Serena Williams (@serenawilliams) In December, The Wing closed a $75 million...

Apr 19, 2019

Women's Co-Working Space The Wing Has Changed Its Membership Policy To Include All Genders

The Wing, the popular co-working space dedicated to women, has changed it’s membership rules to include all genders, Business Insider Reported. In September, The Wing was sued for gender discrimination by 53-year old, James E. Pietrangelo, after he was allegedly told that his application into the co-working space would be denied “because he is a man.” Pietrangelo is suing The Wing for possibly up to $12 million. The lawsuit is still ongoing; however, the company’s lawyers have responded to Pietrangelo’s claims stating that he is not committed to The Wing’s mission. The company submitted Pietrangelo’s application responses in a subsequent filing where he stated, “I have always supported and advocated for the equality of all people” when asked how he has promoted and supported the advancement of women. In March 2018, the New York Human Rights Commission began an investigation into The Wing , citing possible discriminatory membership practices. The investigation is still ongoing. The...

Jan 9, 2019

The Wing, A Co-Working Space For Women, Completes $75M Funding Round

The Wing , the company that offers women-focused coworking and community spaces, has completed a $75 million Series C funding round. The company has raised $117.5 million in funding in the last two years. The funding round was led by Sequoia Capital. Other investors include Upfront Ventures, Airbnb and WeWork. Actress Kerry Washington and TIME’S UP leadership also assisted in the Wing’s latest funding round. “We could not be more excited to partner with such a powerful community of women who lead their fields in tech, Hollywood, policy, and sports,” The Wing’s co-founder and CEO Audrey Gelman said in a press release . “ This round is proof positive that women can be on both sides of the table.” The company plans on using some of its funding to open new locations in Los Angeles, Chicago, Boston, Toronto, and Paris in 2019.

Dec 19, 2018