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Lily Macomber
Startup operator & serial early employee | Currently creating capital access for diverse startup founders
Lily Macomber is an experienced startup professional, specializing in the capital markets industry. With a strong background in partnerships, community management, business development, and market research, Lily has held various key roles in prominent organizations. She obtained a Master of Business Administration (MBA) in Entrepreneurship from Babson F.W. Olin Graduate School of Business, further supported by her studies in European History at King's College London and History/Political Science at Providence College. Her career includes positions such as Director of Partnerships & Community, Community Lead, and Community Manager at Scroobious, as well as roles in business development and partnerships coordination at Netcapital. Lily's diverse experience also encompasses her contributions as a Development and Marketing Associate at YOU, Inc., and Research Analyst Assistant focusing on Prospect Research at Providence College.
Highlights
The longest days are always the most fulfilling. I wanted to commemorate my time as a judge last week for the Hult Prize Foundation's Hult Prize! It was truly an honor to not only judge student pitches from around the world (yes world!), but to also meet amazing and accomplished fellow judges whom I learned so much from and who welcomed me into the group as a first-timer.
This event made me wish I had gotten into entrepreneurship a lot earlier than I did, particularly at the student level. A big congrats to the teams who moved on to the next round, and those who will be pitching in the finals in London this Fall.
Also as a sidebar, I also got to witness a beautiful sunset from the judges' break room.
Fellow Judges: Alden Zecha Nishith (Nish) Acharya Anuj Sharma Larry D. Elston II Mark Pacelle Katy Rodriguez Botello Vinod Parmeshwar Carlos Jose Fonseca Jay Senerchia
Let me first and foremost say, I LOVE events and see their value. I frequently attend events and won't ever fully stop going to them. In the summer of 2022, I averaged 3 events per week and connected a lot of that effort to the subsequent growth of the Scroobious brand and top-of-the-funnel awareness. However, I'd be lying if I said I haven't become more intentional and selective about which events I attend, and I'd be doubly lying if I said it hasn't been one of the better things for my personal and professional priorities.
It sometimes feels like events have become a "rinse and repeat" feature in the startup ecosystem, both general cocktail hours, and of course, those focused on diversity. Allison Byers (and our whole team, hi Erica Kangas) and I frequently talk about how underrepresented founders sit and talk about why we don't get funding, while everyone else actually receives the funding. Ironically, March is Women's History Month, so this month is the biggest time of year for these rinse-and-repeat gatherings that lack true intention or value.
While considering attending any event, I ask myself, "What am I getting from this?" Often, I can't point to anything concrete, and it's a signal to me not to attend. Though I'm not a co-founder of Scroobious, I'm close enough to the perspective of a founder to know that diverse founders aren't benefiting either. We're hearing the same infuriating stats, connecting with the same people, and not gaining any valuable connections or, better yet, money (investment or revenue) out of it.
One of the reasons Scroobious structured our business model around working with service providers is that we contribute to every stakeholder's bottom line: intentional connections of value, measurable ROI, and a good time. So yes, let's stop with the events with women in the title but not in the planning or long-term outcomes.
Happy Thursday, or as I like to say, a tease for Friday. 😊
