The hashtag in the title speaks for itself. But, I came up with this after an enlightening interview with our Global Social Benefit Institute (GSBI®) alumna, Manka Angwafo, a member of the 2018 GSBI Online cohort and the founder of Grassland Cameroon.
Grassland Cameroon is a premier grain-handling company in Cameroon. It works closely with smallholder farmers in the North West region of Cameroon to improve the lives of farmers, their families, and their communities at large.
Manka along with other female entrepreneurs know that entrepreneurship is a very lonely journey. There are challenges every step you take and it is not an overstatement to say that those challenges are multifold when you are a woman.
Manka’s story is full of such challenges. One day she is struggling to have a seat at the table and other days she is being mansplained that she will never get married because of her career choice.
Manka Angwafo, founder of Grassland Cameroon and Miller Center GSBI alumna (‘18)
On some of the biggest challenges she faced
There are countless women in this world working hard in their respective fields who are eager and able to make a difference as peers; but when it comes to representation, the table is “usually” full. Manka faced a similar challenge initially when she was working with an all-male advisory board and constantly doubted her potential. She had to fight really hard with her need to validate her decisions to the men.
“I think the biggest challenge I faced initially was not believing that I ought to have a seat at the table. Given the country/industry my business is in, and the type of operations we run, I had only male advisors to look up to, and male counterparts to work with. Subconsciously, it made me doubt every decision and plan I would come up with, and then go back to the same men for validation. As time went on, I started noticing my advisors asking me for my input and feedback on their business strategy and it helped me realize that I actually am able to think strategically, and I had, without any doubt, earned my place.
I think more female founders need to find that strength to keep believing in themselves, especially in fields that are male-dominated,” shared Manka.
Fundraising was not easy for her
Unsurprisingly, in June 2018, the Boston Consulting Group and MassChallenge published a report based on the study of 350 companies in total and found that startups founded or co-founded by women received an average of US $935,000 in investment. This figure contrasts sharply with the average US $2.12 million investment received by startups founded by men. Manka identifies with the reported disparities and believes the imbalances are not only limited to tech startups. She said, “I should also mention that fundraising is a bigger challenge for female founders than it is for male founders. The numbers on this are very stark. Female founders receive much less financing than males. I know that this topic has started to get more coverage, particularly in the tech world. However, as we are currently fundraising, I am realizing this disparity is across all industries.”
Let’s talk about Gender Bias
Photo courtesy of Grassland Cameroon
In our previous newsletter, I wrote a blog on challenging your unconscious bias and this week I am drafting an example of that bias. Manka and many other female founders are constantly being told that their job is a man’s job, that their chances of getting married are very low if they choose the path of entrepreneurship. All of this comes down to one word: discrimination. Society never questions the choices of our male counterparts and constantly nudge when a female does a similar thing. Manka had a similar story to share on this when I asked her if she ever faced any sort of discrimination during this journey.
“Absolutely. I am constantly told that my job is a man’s job and that I won’t ever get married because of my business. I obviously, don’t think either of this is true, and also feel it is really unfortunate that in 2018, society still places marriage as a woman’s definitive achievement (note no emphasis on happily married). As with all bias, I think the best way to deal with it is by outperforming everyone else and proving them wrong. I use that in business and try to extend that to other parts of my life,” she added.
Advice FOR female founders
“Being a founder/CEO is a very lonely journey and, as such, is one that you should be ready for and in it for the right reasons. Seek out other female founders, regardless of their business sector. I stress on seeking out female founders because your female friends would never understand what you’re going through and the decisions you have to make every day. Your female founders will become your sisters and best friends. Create a tribe of unfailing supporters, and hold them close to you. This is what will keep you going through all the tough times.”
Why Women’s Economic Empowerment?
Manka’s story tells us there is so much more work that needs to be done. At Miller Center for Social Entrepreneurship, we believe in women’s economic empowerment for a sustainable future and highly discourage gender bias within our center and programs. For the initiative and commitment-to-self, a new affinity group of women-led social enterprises has been introduced in our Global Social Benefit Institute (GSBI®) programs. The goal for this affinity group is to bring more women, social entrepreneurs, onboard, refine and validate their business and financial models, provide a customized resource library with curated content specific to their businesses, match them with industry-relevant mentors, foster peer-to-peer connections with our alumni, and offer opportunities for their businesses to flourish.
As Manka said, your female founders will become your sisters and best friends and, in their company, you will find a tribe of unfailing supporters. So let’s create a tribe of hard-working and talented women social entrepreneurs in the world and make this world an unbiased place to live.