Celebrating Sisterhood at “The Stevies”

31136830665_7f234bfc57_o-2There is something empowering about being in a room with 650 women celebrating accomplishments …  I was recently nominated for a Stevie® Award, and attended the awards ceremony in New York City with my sister.  This got me to thinking about sisterhood in the broader sense, and how much we all have to be thankful for.

I was honored to receive a Gold Stevie award for the “Mentor of the Year” category at a non-profit organization. At MIT’s Martin Trust Center for Entrepreneurship, I work with an amazing team that makes going to work every day a pleasure. As a mentor and lecturer it is a privilege to work with students at MIT from around the world on projects and companies that are making a positive impact in the world.  Given the state of the world today, working with such a bright and talented group of entrepreneurs makes me hopeful for the future, and is something I wish everyone could experience.

Although I have been previously honored in my career as a corporate executive, my role at MIT is still relatively new, so recognition that I am on the right track was significant to me.  One of the comments in the judges’ feedback was especially meaningful, because it seemed to capture why I chose this role:

“Trish Cotter is a testament to the spirit of ‘paying it forward.’ Instead of continuing an impressive career as an entrepreneur, she decided to change course and share her knowledge, passion and drive for entrepreneurship with the blossoming business women and men of today. She takes a hands-on approach to help these young entrepreneurs succeed, and is with them every step of the way. We all got our start by someone giving us a chance, Trish is an exemplary pillar of that message.”

The Stevie Awards are the world’s premier business awards. They were created in 2002 to honor and generate public recognition of the achievements and positive contributions of organizations and working professionals worldwide. More than 1,400 nominations were submitted for this year’s awards from 31 nations and territories. This celebration was streamed across the world, and was also shared in person with family and friends.

At our table, my fellow honorees included Jenny Feing (Coach Training School), Shannon Beurk (Founder Engage2Learn), and Melinda Durkee (Proforma Durkee), and each brought family and friends to share their evening.  I’d also like to send a shout out to Steph Speirs from Solstice (a company from the MIT delta v accelerator), who was a finalist as Female Executive of the Year for her community solar company.

In this season of gratefulness and giving, I’d like to thank all of those who have helped me along the way. As a mentor and coach, I hope I am doing my best to pay it forward and give others a chance.

P.S. What could be better to experience the Stevies, and then see the unveiling of the Christmas windows at Macy’s?!  A true evening of sisterhood, accomplishment, empowerment, and hope for the future!

 

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Shining a Light on Female Entrepreneurs in Tech

Last night, MIT’s Martin Trust Center hosted a screening of the award-winning documentary “She Started It” which follows five women in their journeys to launch businesses in the technology industry. We were honored to have the director and co-producer of the film, Nora Poggi , with us to introduce the film and join in our discussion along with our own panel of budding tech entrepreneurs.

The event was inspiring and featured accomplished women who beat the odds. If one message came through “loud and clear” it was that the entrepreneurial journey is all about persistence and networking. Our discussion reinforced that entrepreneurship can be taught, and that practicing entrepreneurial skills will pay off in the end.

The “She Started It” film focuses on five female entrepreneurs and their experiences, along with empowering the next generation of women tech founders. (You can check out the trailer here.) The film cited statistics about being a female entrepreneur in the technology industry that were bleaker than a cross-industry perspective. For example:

  • Women create only 3% of tech startups
  • In Silicon Valley, women earn only 49 cents to a man’s dollar
  • Women receive less than 10% of venture capital funding
  • Only 12% of undergrad computer science degrees are earned by women
  • 96% of venture capitalists are men

Yet, the five women profiled in the film are out to break the mold.

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Following the screening, I moderated a discussion with Poggi and a panel of female founders sharing their own experiences. They included:

  • Elsa Sze of Agora which uses technology to bring more people to the civic conversation
  • Melissa James of The Tech Connection, a premier marketplace for purpose driven, diverse technical talent
  • Alex Wright-Gladstein of Ayar Labs which brings high bandwidths and energy efficiency of fiber optics to silicon chips
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L to R: Alex Wright Goldstein, Nora Poggi, Elsa Sze and Melissa James

 

The panelists discussed challenges and what is most intimidating about starting a tech business. The audience – which included many women in the process of exploring entrepreneurship for themselves was extremely engaged and had many questions. We also talked about how today’s female entrepreneurs can be role models to help other women and girls embrace the entrepreneurial path. Essentially, “you can’t be what you don’t see.”

One of the insightful quotes in the film is from Meghan Smith, Chief Technology Officer for the United States. She says, “There have always been women and minorities in all of the areas of technology for all history. It’s just the stories are less known. And so, we need to embrace our history and tell it to each other.”

Although women are a small minority of tech startup founders, it is also an issue that many women tend to understate their achievements, and not let their own light shine. “She Started It” is a first step to showcase some of these achievements. My thanks to everyone who participated in our event! It was a great success!

P.S. On a personal note, this week I received the exciting news that I’ve been selected as a finalist for the Stevie Awards for Women in Business the category of mentorship. As I worked with the panel for this our film event, I drew parallels to my own submission for the Stevie Awards. Often, as women, we dismiss the things that we do and don’t let our own lights shine (especially when surrounded by all the brilliance here at MIT). For me, this is a reminder to value our successes and share them with other women.

 

Closing the Opportunity Divide … one person at a time

Francilia Jones, my Year Up mentee

Francilia Jones, my Year Up mentee

Watching your child succeed at something important in life tends brings that choked up feeling – pride swells your chest and you blink away a tear or two. Well, Francilia Jones is not my child, but I’ve mentored Francilia over the past year, and I felt all those same emotions as I watched her give her graduation speech at this year’s Year Up graduation ceremony.

Year Up is an organization that empowers urban, low-income young adults to go from poverty to professional careers in a single year. As a mentor at Year Up in Boston, every year I’m amazed at the transformation of these young adults. They come to the program with talent and motivation – but, unfortunately, lack skills, experience, and opportunities. However, with the help of Year Up, these young people can gain six months of professional training in IT, Finance, or Customer Service, a six month corporate internship with a respected company, and up to 24 college credits – all in the course of one year.

The program’s success rate is impressive; 85% of Year Up graduates are employed or attending college full-time within four months of completing the program. Those employed earn an average starting salary of $16 per hour – $32,000 per year for salaried employees.

In Francilia’s case, her family was supportive and she was accepted into her dream school, the University of North Carolina at Chapel Hill. However, a family illness and other misfortune meant that she could not afford to attend the school. She tried working to save money to do it on her own – and one day, Year Up’s Director of Student Services for Boston, Rob Fladger, entered the branch of the bank where she was working and told her she looked miserable. He told her about Year Up and she even attended an information session.

However, Francilia still wanted to do this on her own and tried attending college for one semester while working 70 hours per week. Needless to say, that didn’t work out. She still had Rob’s card and gave him a call. By joining the Year Up program, Francilia completed an internship at Harvard University and gained a passion for technology. She now hopes to attend community college and then gain her bachelor’s degree in computer science. She is also looking to work part-time to fulfill her goals. In the entrepreneurship program I help to lead at MIT we call it “escape velocity” and Francilia is on her way, but finding a job still is not easy.

In her graduation speech Francilia states, “I always knew that I could be more than by current situation. I always knew I could be better than my struggles.”  I couldn’t agree more.

I believe this really summarizes the Year Up program, and how it helps bright, motivated young people overcome their current situations. Year Up calls this the “Opportunity Divide” – millions of young adults in the U.S. have talent and motivation, but lack opportunity. They estimate that 6 million bright young people are without access to opportunities to connect to the economic mainstream. Meanwhile, over the next decade, American companies will face a shortage of over 14 million qualified workers. Year Up’s mission is to close the Opportunity Divide.

I wanted to share this experience because being a mentor is one of the most fulfilling things that I’ve done. It puts your personal issues into check, and you just feel good helping to guide someone who is so motivated to succeed. Year Up is always looking for more mentors, so I encourage others to share their time and talents and learn what it takes to become a mentor for Year Up – they have locations in many cities throughout the U.S.

Plus, I’d also like to put a shout out to my network – Francilia is looking for her next job opportunity, preferably in the technology space. Any interest in hiring a hard-working “go-getter”? Please let me know and I will make the connection.

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