Legally Femtech
The Legally Femtech podcast, sponsored by Nixon Gwilt Law, empowers femtech companies, creators, investors, and users to revolutionize women's health by providing practical, legal, and ethical insights into the healthcare startup community. Your host, Bethany Corbin, is a healthcare innovation and femtech attorney with almost a decade of experience. She is on a mission to help thought-leading companies disrupt and transform the global women's health sector. In each episode, Bethany discusses critical issues that impact women's health and offers invaluable tips for entrepreneurs looking to launch their own femtech products. With an exciting lineup of international guest speakers, Legally Femtech delves into the lifecycle of digital health startups - from idea conception to product design to fundraising, scaling, and exiting (and all of the legal considerations in between!). Tune in every other Wednesday for new episodes!
Legally Femtech
Creating Momentum For Your Startup Business with Jessica Karr
In this episode, Bethany Corbin and Jessica Karr discuss:
- Creating the greatest positive impact with your product
- Collaboration in the Fem Tech industry
- Advice for early start ups
- How to get better at pitching
Key Takeaways:
- Companies that are now focusing on sustainability need to realize that they have to put more attention on the side of positive social impact too.
- Having more women in the industry brings a unique advantage to growing businesses due to feminine values focusing more on creating a collaborative environment rather than cutthroat competition.
- Early startups should focus on getting angels and a little bit of traction at the beginning. VCs tend to be copycats and will respond according to whether other VCs will invest or not. You need to put effort into creating momentum for your startup. Be friends with as many founders as you can.
- Figure out how much you really need and find the right people to invest. Don’t carelessly take money as that will affect your evaluation. If you don’t achieve your milestones, you can have a down round and people will not participate again and new investors might decline.
- Your pitch will get rejected a lot of times, don’t take it personally and don’t give up. Keep things interesting both for yourself and for the people you’re meeting. Also, have someone to train your pitches with, someone to listen to the many versions of your pitch. Adjust your pitch, make it better over time and adapt your pitch based on who your investor is.
“There's a huge overhaul happening in venture capital where tons of new funds are being formed right now. And a lot of them are women led… we're building our fund with feminine values. We're very collaborative. We're not giving anybody special treatment or pitting people against each other.” - Jessica Karr
Connect with Jessica Karr:
LinkedIn: https://www.linkedin.com/in/jessicarkarr/
Twitter: https://twitter.com/jessicarkarr
Connect with Bethany Corbin:
Email: bethany.corbin@nixongwiltlaw.com
Website: https://nixongwiltlaw.com/