Cleo Capital is bringing women to the (investment) table.
, is another entrepreneur looking for new investments as a Cleo Capital scout. McCloskey shares Kunst's passion for propping up female-run startups because she knows firsthand what it's like to be on the other side of the investment. Pitching StyleSeat to investors in 2011 proved difficult. There was a lack of interest in the beauty services market, despite the fact that the market brings in billions of dollars annually.
The undeniable accomplishment of StyleSeat has attracted firms who want to invest in the beauty business, but McCloskey has admittedly been very selective about who she works with—anyone interested in StyleSeat from an investor's position has to also be all about empowering and elevating the diverse business owners on the platform. So when she was approached by Kunst to be a scout for Cleo Capital, McCloskey jumped at the opportunity.
Cleo Capital is the third largest venture capital fund to be started by a black woman in America, and that didn't just magically. Kunst has had a plethora of opportunities to learn about the industry and expand her network in order to make Cleo Capital the success that it is today, but to her, opportunities mean nothing if they're not met with a strong work ethic. Her advice to women in the startup industry : Show up and do the work.
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