Recent months have dealt hard blows to women’s progress in the workplace. Data has shown that women are shouldering the brunt of coronavirus job losses. And this trend shows no sign of abating, with McKinsey and LeanIn reporting that women—especially women of color—are more likely to have been laid off or furloughed during the COVID-19 crisis and that at least one in four women are now thinking about downshifting their careers or leaving the workforce altogether because of the pandemic.
And employment is not the only area where the economic downturn has hurt women. The latest report on venture capital shows that funding of female founders has dropped to the lowest quarterly total in three years. The Pitchbook reports that many VCs have chosen to close ranks and rely on established networks during these unprecedented times—instead of reaching beyond their bubbles and ensure that their conversations and virtual meetings are diverse and inclusive as possible—affecting the women and people of color trying to break into their circle.
As we celebrate International Day of the Girl on Sunday, we urge all to join us in recommitting to creating a more equitable world for women and girls to succeed both professionally and personally.
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Last night, National Geographic Chair Jean Case posthumously awarded Katherine Johnson the Hubbard Medal, National Geographic’s highest honor, in recognition of her pioneering work in math and exploration which was critical to the success and safety of several decades of spaceflights.
The country's largest bank announced yesterday a $30 billion investment over the next five years that they say will address some of the largest drivers of the massive wealth gap between Black and white Americans.
Many have noted that companies that ESG funds have tended to outperform the market throughout the pandemic. However, some experts say the outperformance is due to the fall in oil prices and a shift from riskier assets to more defensive sectors. Regardless, the recent uptick could mean the integration of ESG factors into portfolios becomes the new normal.
Crunchbase gathered data from more than 970 Black- and Latinx-founded companies that raised venture funding since 2015 to gain insight into funding to Black and Latinx founders. Dive into the report here!
Instagram is launching a mini-site full of new resources created to help small businesses get the most out of Instagram Shops. Instagram Shops is a feature launched back in may that allows businesses to set up an online storefront for free.
In celebration of Hispanic Heritage Month, check out our round-up of organizations that have been featuring the Hispanic and Latinx communities this month!
The MacArthur fellowships are awarded for “extraordinary originality and dedication in their creative pursuits.” Read the stories of these 21 changemakers who have been nominated by their communities for their groundbreaking work.
To learn more about the Case Foundation, visit casefoundation.org/.
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