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Sindhya Valloppillil
Mentor at Techstars
More recently, Sindhya was Co-founder & CEO of SkinGenie, the world's first beauty tech company offering AI & DNA-based personalization. Sindhya is an award-winning marketing, strategy & innovations beauty executive with 20 years of experience working at top global beauty companies such as L'Oreal, L Brands, J&J and Zirh. At ZIrh, she was head of marketing and product development prior to its acquisition by P&G in '09. She has also worked as an Adjunct Marketing Professor at Berkeley College. She is currently a Venture Partner for NextGen Venture Partners, an Advisor to the Ember Company, Shadoka Ventures and the Global Wellness Institute. Her writing about the beauty and consumer startup ecosystem has been published in Fast Company, Yahoo Finance, Business Insider, Business of Fashion, Pando Daily, and AlleyWatch.
Highlights
Recently, an executive from a subsidiary of a publicly traded company used excerpts from a viral article I wrote (the article was a manifesto for my company, Skin Dossier) that I wrote over a year ago for his keynote at a leading industry summit without crediting me as the author or mentioning my company.
While I was annoyed and felt like my article had been plagiarized at one of the biggest industry conferences, what gives me solace is that the executive stated that AI-enabled precision skin health with multiple diagnostics is the future and his company HAS YET TO BUILD anything remotely similar to what he talked about. They only have a singular diagnostic—facial imaging. Meanwhile, Skin Dossier HAS BUILT the technology that he said is the future.
Personalization isn’t new anymore, and soon, consumers will demand accuracy and results. Unlike color cosmetics, which is just about facial imaging and mapping for virtual try-on, you can’t ignore the science and, more specifically, the health component for skincare personalization. Precision medicine doesn’t just rely on one diagnostic or just a quiz. It’s time we move past that in skincare, too. If you are interested in experiencing Skin Dossier’s demo and services for advanced precision skincare, haircare, supplements, med spas, and digital health, please reach out! #plagarism #personalization #bootstrapping #startup #femalefounder #precisionskinhealth #ai #longevity
Dropbox DocSend just released its #FundingDivide2024 Report. I got early access and shared the scoop and analysis in my latest Forbes article.
The data still shows a funding divide and bias:
- Some underrepresented teams worked even harder to raise less than their peers.
- The gap in dollars raised between all-female and all-male teams has widened for the second year in a row.
- All-female teams with minority members saw the biggest Y-Y drop in VC meetings and raised the least of all demographics
- All-female teams with minority members saw their average fundraising times rise the most while they continued to raise the least among all demographics.
- All-female teams raised 43% less than all-male teams
- Diverse teams raised 26% less on average than all-white teams
Female founders are held to a much higher standard because we aren’t part of the VC social network and don’t match a pattern of founders that it previously funded. According to a Harvard Business Review case study, VCs posed different questions to male and female founders: They asked men questions about the potential for gains and women about the potential for losses. The study found EVIDENCE OF THIS BIAS WITH BOTH MALE AND FEMALE VCs.
Interestingly, for the DocSend report, the term “minority” refers to survey respondents who self-identified as members of nonwhite racial groups. Even with the expanded definition of minority (many funds and diversity groups only include Black, Latino, and Native Americans), the numbers are arresting.
Quotes from: Jeremy Au 区汉辉 from Orvel Ventures, Laura (Bordewieck) Rippy from Alumni Ventures, Victoria Yampolsky of The Startup Station, David C. Uponi of Forum Ventures.
#underrepresentedfounders #vc #venturecapital #femalefounders #diversefounders #DEI #startups #fundraising All Raise
