

How Pantene & The Wing Are Closing The Revenue Gap For Female Entrepreneurs
This post is in partnership with Pantene.
You've probably heard the news by now: Black women are the fastest growing group of entrepreneurs in the nation!
And to spell it out even further, since 1997, our women are holding it down with entrepreneurial growth rates that are peaking at a whopping 518 percent.
518 percent. Yasss, queens.
This is all good news for us, right? Well…
According to a 2018 State Of Women-Owned Businesses report, there is a huge revenue gap and Black women-owned businesses averaged revenue of just $24,000 versus $142,900 by all women-owned businesses. Furthermore, 88 percent of women-owned businesses are reportedly making less than $100,000 per year, and only 1.8 percent of women-owned businesses are successful in scaling past $1 million dollars in revenue. In 2015, only 2 percent of venture funding went to women founders and less than 1 percent went to black women.
Ladies, we are securing less than 1 percent of the pie.
When reflecting on my own entrepreneurial journey, I realized how fortunate I was to have reached an acquisition that came with a set of business development advisors and helped propel my brand to accomplish things I could only dream of.
But for those of us who aren't privy to the basics of acquisitions, or optimizing investment funds and shareholders, the question for me has become, how can we better educate women on how grossly imbalanced our entrepreneurial growth rates are to capital access? I knew that I needed to be present in spaces that allowed me to provide more. I knew we needed more bridges, more ladders, and more step stools.
My solution: get involved.
Kaye McCoy/xoNecole
In December, I was invited to West Hollywood to join an expert panel for The Wing's Inaugural Pitch Perfect event in partnership with Pantene. In addition to myself, the panel also included Maris Croswell of Pantene, Susan Lyne of BBG Ventures and Lauren Kassam of The Wing.
During the inspiring evening, five finalists pitched their businesses in front of a live audience—with the ultimate prize being a chance to explore future investment opportunities with BBG Ventures (who has actually recently invested in two black women-owned brands, Mented Cosmetics and RadSwan).
Allison Zaucha/The Wing
The purpose of Pitch Perfect was for each brand to promote and potentially fund their business, while simultaneously bringing an awareness to the lack of diversity of awarded investment opportunities.
Allison Zaucha/The Wing
Pitch finalists included five innovative brands who were disrupting their respective industries: The Baalm, a membership-based skincare community, Glow Up Games, the self-described 'Fenty Beauty of Interactive Entertainment' gaming firm, Huggable, an organic baby formula alternative for moms transitioning from breastfeeding, Varnish Lane, a non-toxic and waterless nail salon, and Spacey Studios, a direct-to-consumer affordable art collaborator and curator.
"We believe that that is a massive gap in the amount of female-founded new ventures," Croswell of Pantene says. "We really just wanted to have a supportive environment where people could get feedback on their business opportunities and really have that exposure," adds Kassam.
Kaye McCoy/xoNecole
Prior to going on stage, Mandi Nyambi of The Baalm, revealed to me that although this wasn't their first pitch opportunity, they have never pitched a woman before, let alone a black woman.
This moment stood out being that I knew over 90 percent of all capital investments were awarded by white men, to white men. And I knew women who had previously gotten the opportunity to pitch to investors, would have to go the extra mile to prove their worth, as research shows that we are more likely to be asked questions centered around anticipated problems, whereas a white male's questions focus on growth-hacking areas.
Allison Zaucha/The Wing
So, on the surface, Mandi was grateful for the panel's diversity, but in reality, she was expressing current concerns that so many black women founders know all too well.
As the pitches continued through the evening, we each actively took notes, listened to what each finalist had to say, and threw out questions before convening to make a decision on who would win the ultimate prize.
Kaye McCoy/xoNecole
We took deliberation very seriously—asking ourselves, and each other, the very criteria that a VC investment firm would ask themselves before investing:
- Is the addressable market large enough?
- Are they solving a problem that millions of people share?
- Is their product or service unique enough that it is going to stand out?
- Is it scalable and what kind of capital will it need to get there?
- Are the economics of the business viable?
- Do we have confidence in the founder(s)?
- And in success, do we believe this has a shot to return 10x to the investors?
Business owners, I hope you wrote these down.
Eventually, we decided Glow Up Games were the finalists that stood out the most. They were the team that were going after a huge underserved market, of women and women of color, and they were disrupting a male-dominated gaming industry.
Allison Zaucha/The Wing
Most importantly, these ladies have a clear understanding of what their business would evolve into over time.
Glow Up Games now has the opportunity to meet directly with BBG Ventures to discuss potential future investments; an opportunity created by simply going after what they've envisioned. As if that wasn't a perfect ending to a night filled with Girl Power, Pantene's Maris Croswell revealed that all of the finalists would be receiving $20K each to go towards their business growth.
"At Pantene we believe that women and people are transforming their communities, their families, the world around them," says Croswell. "We feel that we have a responsibility to lift up those women who are transforming, so we thank you for the opportunity to do so with each of you and your business."
What an end to an inspiring night!
Featured image courtesy of Allison Zaucha/The Wing
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Necole Kane is the founder and Editor In Chief of xoNecole.com. After spending 7 years as a successful celebrity gossip blogger, the Maryland native launched xoNecole.com with the mission to promote positive images of women of color as well as empower, educate, and inspire millennial women to live their best lives. Keep up with Necole on Instagram and Twitter @hellonecole, or through her personal website NecoleKane.com.
Smile, Sis! These Five Improvements Can Upgrade Your Oral Hygiene Instantly
This article is in partnership with Sensodyne.
Our teeth are connected to so many things - our nutrition, our confidence, and our overall mood. We often take for granted how important healthy teeth are, until issues like tooth sensitivity or gum recession come to remind us. Like most things related to our bodies, prevention is the best medicine. Here are five things you can do immediately to improve your oral hygiene, prevent tooth sensitivity, and avoid dental issues down the road.
1) Go Easy On the Rough Brushing: Brushing your teeth is and always will be priority number one in the oral hygiene department. No surprises there! However, there is such a thing as applying too much pressure when brushing…and that can lead to problems over time. Use a toothbrush with soft bristles and brush in smooth, circular motions. It may seem counterintuitive, but a gentle approach to brushing is the most effective way to clean those pearly whites without wearing away enamel and exposing sensitive areas of the teeth.
2) Use A Desensitizing Toothpaste: As everyone knows, mouth pain can be highly uncomfortable; but tooth sensitivity is a whole different beast. Hot weather favorites like ice cream and popsicles have the ability to trigger tooth sensitivity, which might make you want to stay away from icy foods altogether. But as always, prevention is the best medicine here. Switching to a toothpaste like Sensodyne’s Sensitivity & Gum toothpaste specifically designed for sensitive teeth will help build a protective layer over sensitive areas of the tooth. Over time, those sharp sensations that occur with extremely cold foods will subside, and you’ll be back to treating yourself to your icy faves like this one!
3) Floss, Rinse, Brush. (And In That Order!): Have you ever heard the saying, “It’s not what you do, but how you do it”? Well, the same thing applies to taking care of your teeth. Even if you are flossing and brushing religiously, you could be missing out on some of the benefits simply because you aren’t doing so in the right order. Flossing is best to do before brushing because it removes food particles and plaque from places your toothbrush can’t reach. After a proper flossing sesh, it is important to rinse out your mouth with water after. Finally, you can whip out your toothbrush and get to brushing. Though many of us commonly rinse with water after brushing to remove excess toothpaste, it may not be the best thing for our teeth. That’s because fluoride, the active ingredient in toothpaste that protects your enamel, works best when it gets to sit on the teeth and continue working its magic. Rinsing with water after brushing doesn’t let the toothpaste go to work like it really can. Changing up your order may take some getting used to, but over time, you’ll see the difference.
4) Stay Hydrated: Upping your water supply is a no-fail way to level up your health overall, and your teeth are no exception to this rule. Drinking water not only helps maintain a healthy pH balance in your mouth, but it also washes away residue and acids that can cause enamel erosion. It also helps you steer clear of dry mouth, which is a gateway to bad breath. And who needs that?
5) Show Your Gums Some Love: When it comes to improving your smile, you may be laser-focused on getting your teeth whiter, straighter, and overall healthier. Rightfully so, as these are all attributes of a megawatt smile; but you certainly don’t want to leave gum health out of the equation. If you neglect your gums, you’ll start to notice the effects of plaque buildup, which can irritate the gums and cause gingivitis, the earliest stage of gum disease. Seeing blood while brushing and flossing is a tell-tale sign that your gums are suffering. You may also experience gum recession — a condition where the gum tissue surrounding your teeth pulls back, exposing more of your tooth. Brushing at least twice a day with a gum-protecting toothpaste like Sensodyne Sensitivity and Gum, coupled with regular dentist visits, will keep your gums shining as bright as those pearly whites.
Smile, Sis! These Five Improvements Can Upgrade Your Oral Hygiene Instantly
This article is in partnership with Sensodyne.
Our teeth are connected to so many things - our nutrition, our confidence, and our overall mood. We often take for granted how important healthy teeth are, until issues like tooth sensitivity or gum recession come to remind us. Like most things related to our bodies, prevention is the best medicine. Here are five things you can do immediately to improve your oral hygiene, prevent tooth sensitivity, and avoid dental issues down the road.
1) Go Easy On the Rough Brushing: Brushing your teeth is and always will be priority number one in the oral hygiene department. No surprises there! However, there is such a thing as applying too much pressure when brushing…and that can lead to problems over time. Use a toothbrush with soft bristles and brush in smooth, circular motions. It may seem counterintuitive, but a gentle approach to brushing is the most effective way to clean those pearly whites without wearing away enamel and exposing sensitive areas of the teeth.
2) Use A Desensitizing Toothpaste: As everyone knows, mouth pain can be highly uncomfortable; but tooth sensitivity is a whole different beast. Hot weather favorites like ice cream and popsicles have the ability to trigger tooth sensitivity, which might make you want to stay away from icy foods altogether. But as always, prevention is the best medicine here. Switching to a toothpaste like Sensodyne’s Sensitivity & Gum toothpaste specifically designed for sensitive teeth will help build a protective layer over sensitive areas of the tooth. Over time, those sharp sensations that occur with extremely cold foods will subside, and you’ll be back to treating yourself to your icy faves like this one!
3) Floss, Rinse, Brush. (And In That Order!): Have you ever heard the saying, “It’s not what you do, but how you do it”? Well, the same thing applies to taking care of your teeth. Even if you are flossing and brushing religiously, you could be missing out on some of the benefits simply because you aren’t doing so in the right order. Flossing is best to do before brushing because it removes food particles and plaque from places your toothbrush can’t reach. After a proper flossing sesh, it is important to rinse out your mouth with water after. Finally, you can whip out your toothbrush and get to brushing. Though many of us commonly rinse with water after brushing to remove excess toothpaste, it may not be the best thing for our teeth. That’s because fluoride, the active ingredient in toothpaste that protects your enamel, works best when it gets to sit on the teeth and continue working its magic. Rinsing with water after brushing doesn’t let the toothpaste go to work like it really can. Changing up your order may take some getting used to, but over time, you’ll see the difference.
4) Stay Hydrated: Upping your water supply is a no-fail way to level up your health overall, and your teeth are no exception to this rule. Drinking water not only helps maintain a healthy pH balance in your mouth, but it also washes away residue and acids that can cause enamel erosion. It also helps you steer clear of dry mouth, which is a gateway to bad breath. And who needs that?
5) Show Your Gums Some Love: When it comes to improving your smile, you may be laser-focused on getting your teeth whiter, straighter, and overall healthier. Rightfully so, as these are all attributes of a megawatt smile; but you certainly don’t want to leave gum health out of the equation. If you neglect your gums, you’ll start to notice the effects of plaque buildup, which can irritate the gums and cause gingivitis, the earliest stage of gum disease. Seeing blood while brushing and flossing is a tell-tale sign that your gums are suffering. You may also experience gum recession — a condition where the gum tissue surrounding your teeth pulls back, exposing more of your tooth. Brushing at least twice a day with a gum-protecting toothpaste like Sensodyne Sensitivity and Gum, coupled with regular dentist visits, will keep your gums shining as bright as those pearly whites.