By Lisa Canning | Founder & CEO
Hi Everyone!
First of all, we hope you all had a wonderful Thanksgiving holiday!
Unbelievably Positive News
Since we last wrote, we have had some unbelievably wonderful events transpire that are enabling us to build a large-scale partnership for the benefit of startups and those seeking to raise funds across the state of Illinois. This partnership will put Florence Hardy, CEO of truCrowd-IL at the center of it.
However, due to the timing of the press release, we are unable yet to tell you anything more about it other than to say it brings with it a 75 million royalty matching fund that will help entrepreneurs get funded based on return on sales and take no equity, as well as a seed fund that will launch in 2019. As soon as the press is released, we expect it later this week, we will create another project update and send it to you. Unfortunately, this report with GlobalGiving was due and could not be postponed any longer so Stay Tuned!
4th Female Founder
On another great note, we have yet another female founder we have just on-boarded, our 4th. We are working with, Chelsea Sprayregen, CEO of Pie for Providers. Pie for Providers has created business software that supports child care businesses by streamlining their government facing administration. They help with the child care subsidy, income & expense tracking, and licensing & accreditation to ensure child care providers get paid faster.
1/5 of your funds are being donated to them to help them create a strategic sales plan.
Once it is done, our work with PIE will help them execute against that plan by developing their sales capabilities, testing and defining their sales processes, creating content campaigns around keywords to communicate more effectively to prospects and close more sales faster. While they have received some investment, they need more to further develop their app. Chelsea and her all-female team are learning quickly and we are excited to see how quickly they are able to progress as a result of our efforts.
More to Come
We are truly thankful to all of you who have supported us and who care about seeing women find the funding support they need to grow their businesses faster. We are proud of our all-female team and especially proud of the progress we are making.
Lisa and Sana
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