Girls Inc. entrepreneurs pitch their companies

Posted by: John Tozzi on July 25, 2008

Girls Inc., the nonprofit that brought 20 teens to New York for entrepreneurship camp last week, has put videos of the team’s presentations up on YouTube. These presentations capped off a week during which the groups refined their pitches and met with women business owners, along with visiting the NASDAQ and Goldman Sachs.

It’s clear these young women have done their homework. The presentations are detailed with startup costs down to dollars and cents, market research, and product descriptions. For example, the group selling digital yearbooks notes that they won’t need outside financing because they’ll be paid up front, their product will cost less than traditional yearbooks and add more value for their customers. With a captive market of high school students, sounds like a pretty good plan to me.

Pitching your company is never easy. For women in an environment where most investors are male, it seems it’s even harder. Learning to do it in while still in high school will give these future entrepreneurs an edge.

Reader Comments

May Chu

July 28, 2008 1:45 PM

It is worth it to invest in training future women business owners. A report done by the U.S. Small Business Administration (SBA) found that between 1997 and 2002, firms run by women only increased employment by 70,000, firms run by men lost 1 million jobs. Being an women entrepreneur myself providing an online accounting software (www.clarityaccounting.com) I feel that the internet has hugely leveraged my ability to do business in a male dominated world and I see this confidence translate into my face to face sales meetings with men. I think the next step will be teaching and encouraging women to use technology leverage their presence in the business community.

Amanda Meyer

August 4, 2008 5:08 PM

As an individual who has recently teamed with two other bright young women who share my entrepreneurial spirit to start our own online video retailing site it is wonderful to hear about the support and infrastructure that has been set up to inspire and guide young women. As is made clear by the stats posted by May Chu -- women are harnessing their creative potential and succeeding at launching them in the marketplace. As May also brought up ... I believe that the ability to incorporate technology represents the future of successful small businesses. Check out our video shopping site at http://intheglo.com.

John McDowell

August 6, 2008 12:14 PM

I read the article and wanted to say Girls Ind. should be applauded for the efforts that they have made to provide the tools for the next generation of entrepreneurs. My office, the Office of Advocacy for the Small Business Administration, the “small business watchdog” of the government, examines the role and status of small business in the economy and independently represents the views of small business to federal agencies, Congress, and the President. The report referenced by Ms. Chu in her comment -- Women in Business: A Demographic Review of Women’s Business Ownership -- was written in August 2006 by Dr. Ying Lowrey who is an economist in our office. It found that “Of the 23 million non-farm businesses in 200, women owned 6.5 million businesses. These firms generated $940.8 billion in revenue, employed 7.1 million workers, and had $173.7 in payroll.” Small business is the backbone of our economy, and programs like Girls Inc, will help foster our future entrepreneurs in building our economy while allowing them to enjoy their personal achievements. The full report is located here: www.sba.gov/advo/research/women.html.

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What's it like to run your own company today? Entrepreneurs face multiple hurdles new and old, from raising capital and managing employees to keeping up with technology and competing in a global marketplace. In this blog, the Small Business channel's John Tozzi and Nick Leiber discuss the news, trends, and ideas that matter to small business owners. Follow them on Twitter @newentrepreneur.

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