👩‍⚖️ I Testified About “Tech Bro Culture”

Plus, managing your money during inflation. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
 
Ellevest
What the Elle logo

Sallie's Opinion

I testified about “tech bro culture”

 

Last week I testified in front of the House Financial Services Committee (that’s the one led by Congresswoman Maxine Waters — someone pinch me). Their Task Force on Financial Technology held a hearing on “Combatting Tech Bro Culture: Understanding Obstacles to Investments in Diverse-Owned Fintechs” (their title, not mine). And about how you can literally count on your fingers the number of women CEOs who have raised more than $100 million in fintech venture funding. Literally.

This matters because:

1) Fintech can be capital intensive — it’s not really something you can crowdfund on Kickstarter or finance out of pocket. So without the ability to raise venture capital, there are fewer financial apps focused on women. (Case in point: Just one “wealth tech” app has seen a majority of its downloads come from women — and that’s Ellevest.)

And 2) With fewer financial offerings centered on women, women’s needs aren’t being met. And so women have less money.

It’s as simple and powerful as that.

Money is power. Power to direct our lives. Power to build our futures. Power to make our voice heard. Power to make change.

So it matters.

Here’s my full testimony for the committee. And here’s hoping it helps move the needle.

 READ THE REST 
 
 
Sallie's signature
CO-FOUNDER & CEO
 
A woman contemplating a downward-trending stock market graph, with a calculator and pie chart floating nearby. Illustration.

ICYMI on the Magazine: smart $ moves (in this economy)

It’s only natural to worry about the financial future, especially in times like these — and to search for something to do about all of it. Here’s our current advice.

READ IT >

A web search bar showing the words “dealing with inflation.” Speech bubbles float around.

Tomorrow’s our first-ever Ellevest Explains: Inflation

Join Financial Planner Victoria Ferguson to get the inside scoop on how inflation works and what you should do about it. Plus, plenty of time for Q&A.

SAVE YOUR SPOT >

 

What we clicked on this week

Judge Ketanji Brown Jackson is officially the first Black woman to serve on the US Supreme Court. While she doesn’t shift the way the Court leans, it’s still a step worth celebrating. 👏

Also worth celebrating: Tomorrow, Megan Rapinoe and Simone Biles will become the fifth and sixth women athletes (or coaches) to receive the Presidential Medal of Freedom.

Too many companies hide NDAs in employment contracts that prevent victims of sexual harassment from speaking up. Last week, House lawmakers introduced a bipartisan bill that would fix that.

Musical artist, businesswoman, and philanthropist Rihanna is officially the country’s youngest self-made billionaire woman — the only one under 40.

GoFundMe has put together a hub of verified fundraisers to support the victims and survivors of Monday’s mass shooting in Highland Park, IL.

 

No, you don’t have to wait to start investing.

 JOIN ELLEVEST 

This week’s newsletter was brought to you while celebrating Noodle the Pug’s birthday. Forward it to your friends who are always on the lookout for pockets of joy.

FOLLOW US

MAGAZINE

STORE

DISCLOSURES
 
All opinions and views expressed by Ellevest are current as of the date of this writing, for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.
Information was obtained from third-party sources, which we believe to be reliable but not guaranteed for accuracy or completeness.
The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice.
The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person.
Investing entails risk, including the possible loss of principal, and there is no assurance that the investment will provide positive performance over any period of time.
Banking products and services are provided by Coastal Community Bank (“Coastal”), Member FDIC, pursuant to license by Mastercard International. Your Ellevest Spend and Ellevest Save Account deposits will be insured to the regulatory limits by the FDIC through Coastal Community Bank, Member FDIC.
Funds held in your Ellevest investment accounts are not FDIC insured, not guaranteed by Coastal, and may lose value. Ellevest does not guarantee investment performance.
Ellevest Membership fees are as follows: Ellevest Essential is $1 per month, Ellevest Plus is $5 per month, and Ellevest Executive is $9. Other fees as described in Ellevest’s Wrap Fee Program Brochure and the Ellevest Membership Terms and Conditions Agreement will continue to apply.
 
 
 

Older messages

📍 New Summer Schedule Just Dropped!

Tuesday, July 5, 2022

Including our *new* Ellevest Explains: Dealing with Inflation. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

💸 Money Cheat Sheet: In This Economy?

Thursday, June 30, 2022

Smart money moves to make during uncertainty. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Opinionated: What We Can Do Beyond Voting

Tuesday, June 28, 2022

Plus, the economic case for abortion access. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

🤔 Opinionated: Are We Going Into a Recession?

Wednesday, June 22, 2022

Here's what Chief Investment Officer Dr. Sylvia Kwan has to say. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

This Week’s Money Workshops (And More!)

Monday, June 20, 2022

Including: A free-for-members budgeting worksheet. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

‘Collision course’

Wednesday, October 5, 2022

Bloomberg Evening Briefing View in browser Bloomberg One giant options transaction may have sparked the S&P 500's huge midday bounce Wednesday. The trade, which involved buying and selling call

🤐 What Twitter isn't telling you about Credit Suisse

Wednesday, October 5, 2022

The WTO predicted a trade slow-down | Tesco's profit showed off its best limbo attempt | TOGETHER WITH Hi Reader, here's what you need to know for October 6th in 3:11 minutes. 🙋‍♀️ Even old-

Issue #163: Christmas shopping with a PSL in hand

Wednesday, October 5, 2022

plus a Missouri sign war + bear snack ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Amazon reportedly freezes hiring for the corporate wing of its global retail business

Wednesday, October 5, 2022

Numerous major companies have begun initiating hiring freezes and layoffs to reduce their workforce. View in browser Business Insider Business Insider Business Insider Subscribe Hello! We're saying

Insider's new daily newsletter is coming your way

Wednesday, October 5, 2022

Only fascinating stories — right in your inbox. INSIDER INSIDER Hi there! Insider is about to launch a new daily newsletter and we wanted you to be the first to hear about it. We know you're

Wall Street: Dalio exits Bridgewater

Wednesday, October 5, 2022

The latest in finance. View in browser INSIDER INSIDER Subscribe 10 THINGS ON WALL STREET Good morning! This is Kaja Whitehouse reporting to you from New York City. The focus of today's newsletter

The Daily StockTips Newsletter 10.05.2022

Wednesday, October 5, 2022

(Published 7:30 AM ET MON-FRI) ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

[New post] Bonus episode: understanding pay and labour market tightness

Wednesday, October 5, 2022

BankUnderground posted: " Josh Martin Everyone likes a bonus – be it a bonus in pay, or a bonus episode for your favourite TV show. Everyone, that is, except statisticians. Bonuses are hard to

🥖 Butter on both sides of Greggs’ bread

Tuesday, October 4, 2022

South Korea's Naver bought Poshmark for $1.2 billion | Bakery chain Greggs saw 15% sales growth | TOGETHER WITH Hi Reader, here's what you need to know for October 5th in 3:13 minutes. 🗻 More

Elon wants Twitter—again

Tuesday, October 4, 2022

Bloomberg Evening Briefing View in browser Bloomberg After months of trying to back out and just days before a trial over his reversal, Elon Musk now says he's willing to buy Twitter after all, and