EMPIRE STATE OF MIND 🏙️ 🚖
The Scope Vol. 3
Hi again, CWBS Members!
In times of much-needed discussion, progress, and change in society, I hope that you are all actively learning about your capabilities to enact positive change within your own communities, whether at a local, national, or global level. As the foremost generation of businesswomen, it is our responsibility to truly think about how we can use such positioning to cultivate more inclusivity and progress within the business world; take note of Wendy’s trailblazing platform for women, Invested Millennial, and the myriad opportunities for professional growth as some examples of how to achieve this. Happy reading, and in solidarity,
- Sophia, Membership Engagement Chair of CWBS 2020-2021
HEAR ME OUT: Twitter is in the process of unveiling a new, perhaps more apt way to Tweet – through the form of audio messages. This feature is currently accessible to a small group of iOS users but will be made widely available in the next few months. Learn more.
EMPIRE STATE OF MIND: New York City is ready to enter Phase 2 today, Monday, June 22nd, as stated by Governor Andrew Cuomo in an announcement last Wednesday. Phase 2 reopenings include outdoor restaurant and bar dining, professional services, real estate rental and leasing, and in-store retail. Learn more.
BLING-BLING: While many retail industries have taken a hit due to COVID-19, recent online jewelry actions have been thriving. Buyers have been bidding on rare pieces of fine jewelry en-masse at auction houses such as Doyle, Bonhams, and Heritage Auctions. This uptick in fine jewelry consumption may be indicative of buyers’ fears of investing in stocks, rather choosing to invest their money in fine jewelry. Learn more.
WENDY CARTAGENA of INVESTED MILLENNIAL
“When I was building my YouTube channel, I did not have a lot of engagement, I actually had a lot of criticism from guys. People, especially men, really feel threatened or uncomfortable hearing a woman talk about the market and investing, but that drives me; I want to continue putting more content out there.” - Wendy Cartagena
“On a mission to empower and support women with their investing journey.”
Wendy graduated from UCLA in 2016 and has built a career in cleantech. She is currently a tech business analyst where she works on projects related to internal logistics. She created the Invested Millennial community on Instagram and YouTube to document her investing journey, but soon after launching she realized there was nothing more empowering than sharing knowledge and encouragement to help other women (especially minority women) learn the importance of investing. She switched her approach from sharing her personal investing picks to doing research for her community and creating bite-sized posts that spark interest in investing and ways to use the market to build long term wealth. Wendy’s goal is to provide peer-to-peer support and strengthen women's comradery on social media to continue to strive toward closing the gender investing gap. She is currently working on launching a digital platform where women can find free investing resources, blog posts that focus on market trends and tools to connect with her to help her audience with their investing journey.
What inspired you to start Invested Millennial?
I wanted to document my investing journey – I was thinking about investing in individual stocks, but I was holding back on doing that because I didn't know where to start, there were just a lot of things that made me hesitant to start investing.
What are your personal go-to resources to find information about investing? If there are any that are tailored to women or women of color specifically or women of color, please list them as well.
What future developments do you see in the field of female investing?
We're going to see a lot more female investors that are confident enough to display their trades and talk about how they manage their portfolios. I think it's a very exciting time to be talking about these topics, especially because of what's going on at a global scale with this economic downturn. I feel like women and people, in general, are taking the time right now to understand “how can I make more money?” or “how can I make my money grow into more money?” So I feel like, 2020 and moving forward, we're gonna see a lot more pages, especially on social media of women talking about investing.
Who is a woman leader that you look up to?
Sally Krawcheck. Sally has built one of the most powerful [platforms] for women, that's probably one of the reasons why I created Invested Millennial and my YouTube channel. Because she was one of the first women [to create a platform like that]. She’s a go-getter, she really wants to change things for us younger women. I was inspired by her, and really wanted to, in some way, be a part of that movement by creating my own platform where I'm transparent about what I'm doing to try and set myself up for success.
Read Wendy’s full interview on The Scope Website.
McKinsey Asia Operations Practice, Ask Me Anything- Women in Operations Webinar
Register by June 30: www.mckinsey.com/AMAAsiaOps
Internships
Banking/Finance
Consulting
Tech
Startups
Venture Capital
Venture Capital
Venture Capital
Definition: “Venture capital is a form of private equity and a type of financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential.”
VC is usually sourced from wealthy investors or investment banks; however, VC is not just monetary funds, it can also be in the form of several types of expertise.
Major Firms: Accel, Andreesen Horowitz, Benchmark, Index Ventures, Sequoia Capital
Information/definitions from Investopedia.
