March 18, 2021

Bumble’s Whitney Wolfe Herd on her record-setting day

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U.K. politicians debate maternity leave for lawmakers, Taylor Swift's first re-recorded album is on its way, and Whitney Wolfe Herd sets a new record. Have a wonderful weekend. u003c/em>u003c/p> u003cp class="p1">u003cstrong>- Whitney joins the club.u003c/strong> Can you believe that only u003ca href="https://www.businessinsider.com/female-entrepreneurs-face-obstacles-taking-companies-public-2020-12">20 or so womenu003c/a> have ever taken the company they founded public?u003c/p> u003cp>It’s a startlingly tiny club—but one that gained a new member yesterday, when Bumble CEO Whitney Wolfe Herd rang the opening bell (virtually, and with her one-year-old son at her side), marking her company’s IPO. Wolfe Herd, 31, is the youngest woman ever to launch her company into the public markets, breaking a record set by Stitch Fix founder and CEO Katrina Lake back in 2017 (she was 34). Thursday also propelled Wolfe Herd into another rarified group, u003ca href="https://fortune.com/2021/02/11/bumble-ipo-stock-price-bmbl-shares-whitney-wolfe-herd-net-worth-billionaire-stock-market-update/">self-made female billionaires:u003c/a> She holds an 11.6% stake in the company, which, as of yesterday afternoon, was worth about $1.6 billion.u003c/p>u003cp>u003c!-- piano selector -->u003c/p>u003cdiv class="paywall"> u003cp>u003ca href="https://fortune.com/2021/02/11/bumble-ipo-ceo-whitney-wolfe-herd-bmbl-stock-shares-interview-app-initial-public-offering/">Emma spoke to Wolfe Herd u003c/a>in the midst of what must have been a chaotic and exciting day for the founder. The two discussed investors’ reaction to the company (shares were up 75% by yesterday afternoon); how she’s integrating the Bumble app side of the business with Badoo, the company’s other dating app; and how the company has changed since she took over leadership from Badoo founder Andrey Andreev.u003c/p> u003cp>You can u003ca href="https://fortune.com/2021/02/11/bumble-ipo-ceo-whitney-wolfe-herd-bmbl-stock-shares-interview-app-initial-public-offering/">read their whole Q+A hereu003c/a>—but allow me to flag a couple of things that really jumped out for me:u003c/p> u003cp>--Bumble’s rare majority-female board. Wolfe Herd is clearly proud of this—and with good reason. It’s great to see her shouting out the many women who have helped her along the way. u003c/p> u003cp>--Bumble's prospectus flagged that as company with a “mission” to “empower women in their relationships,” it might be “more severely affected by negative reports or publicity if we fail.” Interesting to see Wolfe Herd incorporate this concern, which has become u003ca href="https://fortune.com/longform/female-founders-startups-the-wing-away-outdoor-voices-ceos/">a major topic of discussion among female-founded companies. u003c/a>u003c/p> u003cp>--Wolfe Herd on the breaking Lake's record: "It’s pretty surreal. And it really is a moment to celebrate. We’re excited to hopefully have this record be broken soon; we are very excited to cheer on the next woman who beats this record."u003c/p> u003cp>u003cem>Kristen Bellstromu003cbr>kristen.bellstrom@fortune.comu003cbr>@kayelbeeu003c/em>u003c/p> u003cp>u003cem>Today's Broadsheet was curated by u003ca href="https://twitter.com/_emmahinchliffe">Emma Hinchliffeu003c/a>. u003c/em>u003c/p> u003ch3>ALSO IN THE HEADLINESu003c/h3>nu003cp>u003cstrong>– When paid leave leaves you outu003c/strong>u003cstrong>.u003c/strong> For the first time, ministers in the British government will have formal, paid maternity leave. MPs u003ca href="https://www.theguardian.com/politics/2021/feb/11/mps-pass-long-overdue-bill-for-ministers-paid-maternity-leave">voted in favoru003c/a> of creating the policy, which only applies to cabinet ministers and the attorney general, leading to threats of a lawsuit from Labour MP Stella Creasy. She says that as written, the policy rewards political promotion with better rights. u003cem>u003ca href="https://www.theguardian.com/money/2021/feb/10/labour-mp-threatens-legal-action-over-maternity-leave-for-top-ministers">Guardianu003c/a>u003c/em>u003c/p>nu003cp>u003cstrong>– Money movesu003c/strong>u003cstrong>.u003c/strong> President Biden is reportedly considering economist Lisa Cook for an open seat on the Federal Reserve Board. Were she to be confirmed for the spot, Cook would be the first Black woman to join the Fed. u003cem>u003ca href="https://www.axios.com/joe-biden-lisa-cook-reserve-board-1d809028-6ef3-4197-81e4-20f198dc0e2f.html?">Axiosu003c/a>u003c/em>u003c/p>nu003cp>u003cstrong>-It’s official. u003c/strong>Yoshiro Mori, the president of the Tokyo Olympic organizing committee, resigned today amid continued outcry over his sexist remarks (as you’ll no doubt recall, he claimed women talk too much in meetings). u003cem>u003ca href="https://www.nytimes.com/2021/02/11/world/asia/yoshiro-mori-tokyo-olympics-resigns.html?action=click&module=Top%20Stories&pgtype=Homepage">New York Timesu003c/a>u003c/em>u003c/p>nu003cp>u003cstrong>– Imposter who?u003c/strong> Imposter syndrome isn’t always the reason why women are held back in the workplace. Bias and discrimination are just as often the culprits. Diversity and inclusion experts Jodi-Ann Burey and Ruchika Tulshyan argue that we need to “stop telling women they have imposter syndrome.” u003cem>u003ca href="https://hbr.org/2021/02/stop-telling-women-they-have-imposter-syndrome">Harvard Business Reviewu003c/a>u003c/em>u003c/p>nu003cp class="p1">u003cstrong>MOVERS AND SHAKERS: u003c/strong>After KPMG UK chairman Bill Michael u003ca href="https://www.ft.com/content/24c25a23-0319-4a0b-8979-7c42b1e11207">stepped asideu003c/a> during an investigation into recent comments he made, including questioning the existence of unconscious bias, head of clients and markets u003cstrong>Mu003c/strong>u003cstrong>ary O’Connor u003c/strong>will take over his responsibilities as senior partner and board member u003cstrong>Bina Mehta u003c/strong>will become chairman. Seattle Arts & Lectures CEO u003cstrong>Ruth Dickey u003c/strong>u003ca href="https://www.latimes.com/entertainment-arts/books/story/2021-02-11/ruth-dickey-named-new-executive-director-of-the-national-book-foundation?">will become executive directoru003c/a> of the National Book Foundation, succeeding u003cstrong>Lisa Lucasu003c/strong>. New York Public Radio hired Hogan Lovells’ u003cstrong>Monique Jeffersonu003c/strong> as chief human resources officer. The New York Stock Exchange named former Goldman Sachs partner u003cstrong>Amanda Hindlianu003c/strong> head of capital markets.u003c/p>nu003ch3>IN CASE YOU MISSED ITu003c/h3>nu003cp>u003cstrong>– Capture it, remember itu003c/strong>u003cstrong>.u003c/strong> Taylor Swift’s first re-recorded album—a project she took on in protest over the current owners of her back catalogue—will debut in April as u003cem>Fearless (Taylor’s Version)u003c/em>. “Artists should own their own work for so many reasons,” Swift said, “but the most screamingly obvious one is that the artist is the only one who really knows that body of work.” u003cem>u003ca href="https://www.npr.org/2021/02/11/966892168/taylor-swift-announces-remake-of-fearless-due-in-april">NPRu003c/a>u003c/em>u003c/p>nu003cp>u003cstrong>– Meghan v. Mailu003c/strong>u003cstrong>.u003c/strong> Meghan, The Duchess of Sussex won a privacy lawsuit against Associated Newspapers, publisher of the Mail on Sunday. The duchess sued the publisher after the paper ran a letter she wrote to her father; a judge decided that “the disclosures were manifestly excessive and hence unlawful.” Issues related to the letter’s copyright will be decided at a full trial, which the judge decided was unnecessary for the privacy ruling. u003ca href="https://www.nbcnews.com/news/world/meghan-markle-wins-privacy-battle-against-u-k-tabloid-over-n1257434">u003cem>NBC Newsu003c/em>u003c/a>u003c/p>nu003cp>u003cstrong>– Get enlightenedu003c/strong>u003cstrong>.u003c/strong> Facebook vice president, global business group Carolyn Everson is a champion of “enlightened leadership”—sharing her failures, like founding Pets.com, with her teams. She writes for u003cem>Fortune u003c/em>about how the strategy has transformed her leadership. u003ca href="https://fortune.com/2021/02/10/facebook-enlightened-leadership-empathy-effective-management/">u003cem>Fortuneu003c/em>u003c/a>u003c/p>nu003cp>u003cstrong>– Health is wealthu003c/strong>u003cstrong>.u003c/strong> Two new startups are taking a unique approach to critical health issues. Coa, founded by Emily Anhalt and Alexa Meyer, is a therapy platform u003ca href="https://www.fastcompany.com/90602955/this-new-startup-wants-you-to-treat-mental-fitness-like-going-to-the-gym">that treats mental health like going to the gymu003c/a>, with daily goals and check-ins. Equip, founded by Kristina Saffran and Erin Parks, u003ca href="https://www.statnews.com/2021/02/10/equip-health-eating-disorders-treatment/">just raised $13 millionu003c/a> to provide online treatment for eating disorders. u003c/p>nu003ch3>ON MY RADARu003c/h3>nu003cp>u003cstrong>WellBiz brands acquires Drybar salon rights u003cem>u003ca href="https://wwd.com/beauty-industry-news/beauty-features/drybar-salons-franchise-acquired-wellbiz-brands-1234728858/">WWDu003c/a>u003c/em>u003c/strong>u003c/p>nu003cp class="p1">u003cstrong>Kristen Wiig and Annie Mumolo on u003cem>Bridesmaids u003c/em>andu003cem> Barb and Star Go to Vista Del Mar u003ca href="https://www.nytimes.com/2021/02/10/movies/kristen-wiig-annie-mumolo-barb-and-star.html?">New York Timesu003c/a>u003c/em>u003c/strong>u003c/p>nu003cp>u003cb>We need to retell U.S. history with Black people at the center u003cem>u003ca href="https://fortune.com/2021/02/11/black-history-month-people-1926/">Fortuneu003c/a>u003c/em>u003c/b>u003c/p>nu003cp>u003cstrong>Searching for Shelley Duvall: The reclusive icon on fleeing Hollywood and the scars of making u003cem>The Shining u003ca href="https://www.hollywoodreporter.com/features/searching-for-shelley-duvall-the-reclusive-icon-on-fleeing-hollywood-and-the-scars-of-making-the-shining">The Hollywood Reporteru003c/a>u003c/em>u003c/strong>u003c/p>nu003ch3>PARTING WORDSu003c/h3>nu003cp>u003ca href="https://www.rollingstone.com/music/music-features/kacey-musgraves-new-album-grammy-psychedelics-1125201/">u003cb>“We were told to please, to make this person happy. That has to imprint on your code. I’m trying to … unlearn some things.”u003c/b>u003c/a>u003c/p>nu003cp>-Country singer Kacey Musgraves on growing up as a girl and a performer in the South. She’s on the March cover of u003cem>Rolling Stoneu003c/em>. u003c/p>nu003c/div>n"},"children":[]}]}]},{"name":"dianomi","config":{"type":"footer"},"children":[]}]}]}]}},"componentData":{},"error":null,"loading":false,"player":{"currentTime":0,"duration":0,"loading":false,"playing":false,"seek":0,"src":"","visible":false,"volume":0.5},"route":{"status":200,"redirectTo":"","redirectStatus":0,"action":"PUSH","pathname":"/2021/02/12/bumbles-whitney-wolfe-herd-on-her-record-setting-day/","search":"?","hash":""},"visible":{"search":false,"primaryNav":false,"freestar":false,"adminBar":false},"contactForm":{"submitting":false,"submitted":false,"failed":false,"validation":{},"redirect":""},"user":{"isLoggedIn":false,"accessLevel":null}}; ]]> response.json()) .then(function (data) { signPackage = data; wx.config(data); wx.ready(function () { wx.updateTimelineShareData({ title: title, link: url, imgUrl: img, success: function () {}, cancel: function () {} }); wx.updateAppMessageShareData({ title: title, desc: desc, link: url, imgUrl: img, success: function () {}, cancel: function () {} }); wx.error(function (res) { //location.href = g_url; }); }); }) } }; script.src = "https://res.wx.qq.com/open/js/jweixin-1.6.0.js"; document.head.appendChild(script); } ]]> You need to enable JavaScript to view this site.
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