Whitney Wolfe created Bumble in 2014 to change the dynamics of the dating app game with her platform empowering women to initiate romantic connections. The phrase “Make The First Move’ is the apps slogan but it may as well also be the CEO’s mantra as she expands into new ventures. BumbleBFF aims to connect women socially within a “hive” of friends and Bumble Bizz is the professional career social alternative designed for women. For each of these new endeavors, Whitney Wolfe brings with the platform not just an ethos that puts the well-being of women first, but a corporate structure that aims to empower women and bring equality to the workforce.
Not satisfied with merely revolutionizing the dating app game, Whitney Wolfe aimed to instill gender parity into the organizational structure of her company. To do something like this takes ingenuity, vigilance and thoughtful care. For instance, Wolfe identifies one issue she encountered, what she calls the “confidence gap”, finding that women generally didn’t feel the entitlement to advocate for themselves regarding salary and work conditions. This issue is compounded by the specific needs for working women, especially mothers who have to balance work with the job of raising children. It may seem paradoxical for a boss to advocate for higher wages and better working conditions for their employee’s but Wolfe instituted structural processes, like frequent reviews that have built-in salary discussions, to ensure woman had training in how-to and the opportunity to advocate for themselves. Read this article of Whitney Wolfe at Deadline
Having grown from four employees to more than eighty within four years, Bumble is more than just a successful app, Whitney Wolfe is now taking her leadership experience into the world of entertainment. It was announced in July of 2018 that Wolfe would be joining the board of directors for Imagine Entertainment, the media company owned by Ron Howard and Brian Grazer. This move may reflect a Hollywood that is opening its doors and aiming for restorative justice in the age of the “Me Too” movement and it is certainly a chance for the CEO to lend her voice to culture at large and advocate for gender balance in Hollywood and that stories women care about make it to the screen. The Bumble movement reflects not just tech being made for and by women but Whitney Wolfe is a leader of a new era where women are designing the future and the future is a bright place for them.
Investors are faced with stiff challenges while taking risks in world’s where many people tend to escape. Actually, the thriving force of an investor is seeing opportunities in almost all challenges. While being an investor is rewarding, making the tough decisions on taking the calculated risk before pouring your money into it is the hardest part. Therefore, a bridging gap is necessary where Outweb provides online platform.
GreenSky Credit is one of thefinancial technology companies in the United States. Founded in 2006 by Mr. David Zalik, Greensky Credit offers online platform for acquiring loans by landlords in need of home development projects. Zalik came to the realization that contractors are the gatekeepers to the mortgagees in United States. The journey of an investor isn’t always straight and many people fail. GreenSky Credit’s birth began with Outweb and in 2006; Zalik facilitated the establishment of the Rockbridge Commercial Bank which three years later failed costing him an investment of $500,000.
The beginning phase towards this approach was turbulent and he had one of his innovative partners step out in 2010. It was an opportunity for Zalik as Robert Sheft, an investor and founder of RMA Home Services, stepped into the Greensky Credit. This triggered the idea of offering immediate sponsorship to customers with small-businesses with the local contractors. During this time, Zalik provided local contractors with lunch and requested them to grant GreenSky Credit financing an attempt. This contractor model took off in the summer of 2013 but Zalik was in debt which lured him to sell part of his company for $10 million. Challenges seemed to keep him on toes and an opportunity rose to sell again which he declined.
Zalik was introduced toNigel Morris, the co-founder of Capital One – a credit card disruptor. GreenSky Credit received connection beyond Atlanta through a seven-figure investment from Morris in 2014. 17% of GreenSky was sold at $1.8 billion estimation by Zalik a few others in the fall of 2014 to Iconiq Capital, TPG, Wellington Management and DST Global. Fifth Third, two years later, invested double the previous amount valuation.
ClassDojo has a mission to better the education for every child in the world. The ClassDojo app works to connect teachers, parents, and students in the classroom. The app helps individuals work together to formulate great ideas and make magnificent classrooms. ClassDojo doesn’t just use one model because then all classroom’s would be the same and wouldn’t be fit to the needs of the children. Rather this app gives the teachers, parents, and students the resources to create the best classroom that fits their needs. How ClassDojo works is it is used to share videos, pictures, and messages throughout the school day to keep everyone connected. This is a way to show activities in the classroom as well as bring new ideas into both the classroom and homes. ClassDojo is currently used in 90% of schools K-8. The makers of ClassDojo wanted the app to accessible to everybody, so the app is currently available in over 180 countries and is translated in over 35 languages. Not only is ClassDojo accessible to almost everyone, but 20% of the ClassDojo team have some form of teaching background. The app has many qualities such as: creates a positive classroom atmosphere, encourages students to use their voice in the classroom, and brings skills into the classroom setting. ClassDojo may be used on any device. It also features qualities such as digital portfolios and instant, private messaging. ClassDojo offers a back to school night presentation for parents as well as student introduction videos and student account FAQ’s.
Gone are the days of children coming home from school and mom having to ask about their child’s day with the same ease as pulling teeth. Gone are the days of the once a year parent teacher conference where parents met the teacher for a few minutes as they tired to get a feel for the person caring for their child five days a week. Welcome to the modern age, where parents and teachers can communicate daily to ensure their student is getting the best education and bridging the gap between school and home. This is the kind of world that Liam Don and Sam Chaudhary, founders of ClassDojo imagined. They have created a platform that encourages communication between the classroom and home. It is a media sharing app available on most media devices that allows the teacher to share how the day is going, what they are doing in the classroom, and even allows the teacher to shares photos with the parent so they can get a first hand look into their child’s day.
The application is now being used in almost 2 in 3 schools across the United States and is growing every day. With growing popularity comes growing demand for content. The next step in the process, naturally, is making a profit. With the growing demand for content, ClassDojo has partnered with Stanford University to put out a series of videos that would heighten the learning experience beyond the classroom and give parents the tools to continue the learning process throughout the day and not just the few hours they spend in a school building. A partnership with Harvard is already coming and more videos with broader topics are coming to ensure a rich diversity of subject matter available. Many teachers and parents alike are excited about the new ground up changes that are being made available, and in such an easy to use format. This will single handedly change the learning process, making it more accessible to students and teachers and parents.
This new bridge will bring together communities and make the dispersal of information for more wide spread than we could have ever hoped for and the potential is limitless at this point. Investors in ClassDojo are patient with this profit producing process, and for good reason. One cannot rush a process as delicate as this one, and the product is well worth the investment.