WEBVTT - How Sheila Marcelo is Making Women's Issues Everyone's Issues

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<v Speaker 1>Welcome to Made by Women, a new podcast by the

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<v Speaker 1>Seneca Women Podcast Network and I Heart Radio. At a

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<v Speaker 1>moment when businesses face some of the biggest challenges in

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<v Speaker 1>recent history, we bring you inspiring stories, practical insights, and

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<v Speaker 1>shared learnings to help you successfully navigate in today's environment.

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<v Speaker 1>Every Thursday, Made by Women will showcase the experiences of

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<v Speaker 1>legendary women, entrepreneurs, fierce up and comers, and everyday women

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<v Speaker 1>who found success their own way. Consider this your real

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<v Speaker 1>world n b A designed for the new now. I'm

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<v Speaker 1>Kim Azarelli and thanks so much for joining us today.

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<v Speaker 1>If you've ever worried about finding care for a child

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<v Speaker 1>or an elderly relative, Sheila Marcello knows what you're going

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<v Speaker 1>through and she created a solution. And if you're a

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<v Speaker 1>woman who wants to rise in her career, Sheila has

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<v Speaker 1>the tools and guidance for you. I'm Milan Vervie and

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<v Speaker 1>I'm talking today to Sheila Marcello, the visionary entrepreneur who

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<v Speaker 1>founded care dot com, the world's largest online destination for

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<v Speaker 1>finding and managing family care. Sheila is also the co

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<v Speaker 1>founder of Landed, a career platform focused on women. Both

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<v Speaker 1>companies combine her passion for technology with solutions to very

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<v Speaker 1>contemporary problems. Success might seem a foregone conclusion for Sheila.

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<v Speaker 1>After all, in twenty fourteen, she became the youngest ever

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<v Speaker 1>person to receive the Alumni Achievement Award from Harvard Business School,

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<v Speaker 1>and just a few years later, care dot Com was

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<v Speaker 1>acquired by I A c. For five hundred million dollars.

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<v Speaker 1>But every business journey has its challenges and lessons. Let's

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<v Speaker 1>get some insights now from Sheila Marcello. Sheila, it is

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<v Speaker 1>such a pleasure to have you with us today, so excited.

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<v Speaker 1>You are truly an extraordinary entrepreneur, and we want to

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<v Speaker 1>talk about how that came to be uh and all

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<v Speaker 1>of the things that you've learned along the way that

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<v Speaker 1>you can impart to our wonderful audience. You have created, founded,

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<v Speaker 1>co founded several successful companies, including care dot com to

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<v Speaker 1>help people find elder care and childcare and Landed to

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<v Speaker 1>help women advance in their careers. Both are critically needed

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<v Speaker 1>helps today, and you have two companies that you've been

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<v Speaker 1>intimately involved in responding to those needs. What has it

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<v Speaker 1>been in your personal background that enabled you to contribute

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<v Speaker 1>to the kind of success that you have had as

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<v Speaker 1>an entrepreneur. Thanks Milan. I'm so excited to be here.

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<v Speaker 1>As you know you've known me for a long time.

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<v Speaker 1>I was born and raised in the Philippines, and um interestingly,

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<v Speaker 1>I have what I call a tiger mom very proudly

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<v Speaker 1>and a teddy bear dad, so sort of the counter stereotypes.

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<v Speaker 1>But what makes it so unique is that the Philippines,

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<v Speaker 1>as you know, you and I have been very involved

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<v Speaker 1>in helping the world economic form with their gender reports

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<v Speaker 1>that the Philippines is one of the top ten countries

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<v Speaker 1>in the world with the narrowest gender gap. It's unique

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<v Speaker 1>for an Asian country. And so my parents always allowed

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<v Speaker 1>my sister and I and I have four other brothers

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<v Speaker 1>along with my sister, to pursue our passions. There was

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<v Speaker 1>never a sense of stereotypes. I remember as a young girl,

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<v Speaker 1>my father was teaching me math to Gray Aids earlier

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<v Speaker 1>than my older brothers, and we were doing the same

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<v Speaker 1>math class because he just believed in us and was

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<v Speaker 1>always encouraging. And my father even taught me to read

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<v Speaker 1>early at a very young age and had to read

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<v Speaker 1>in front of friends and guests. So it was always

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<v Speaker 1>sort of highly encouraged to pursue education and our passions.

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<v Speaker 1>The second thing I think my parents imparted in me

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<v Speaker 1>was their very entrepreneurial We owned trucking company. Uh we

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<v Speaker 1>distributed sugar grow coconuts, had rice mills, you name it,

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<v Speaker 1>duck farms, mangoes, bananas, and so through through our lives

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<v Speaker 1>growing up, my parents never wanted us to be entrepreneurs.

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<v Speaker 1>It was a hard life. So at six kids, everybody

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<v Speaker 1>had designated professions. There was going to be a doctor,

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<v Speaker 1>a dentist, and accountant and engineer, a lawyer. You know.

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<v Speaker 1>My younger brother got Scott free whatever he wanted to do.

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<v Speaker 1>But I was a designated lawyer, and interest ly enough,

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<v Speaker 1>out of undergrad I got into Harvard Law School. I

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<v Speaker 1>actually paused it for a little bit, and I didn't

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<v Speaker 1>want to disappoint my parents, but I fell in love

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<v Speaker 1>with business, and amongst everyone in my family, I ended

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<v Speaker 1>up becoming the entrepreneur. And the reason for that, Milan,

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<v Speaker 1>was because I started teaching at HBS and I got

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<v Speaker 1>introduced to grading internet business plans, and I decided that, like,

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<v Speaker 1>this is really interesting and it could create impact in

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<v Speaker 1>the world. Because the last sort of thing around what

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<v Speaker 1>my parents taught me was, um, you know, one of

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<v Speaker 1>the most memorable experience I had my life was we

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<v Speaker 1>had went back and forth between the United States and

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<v Speaker 1>the Philippines because my parents were entrepreneurs. And so in

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<v Speaker 1>fifth grade they sent me back to a provincial school

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<v Speaker 1>in the Philippines because I had forgotten the language, and

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<v Speaker 1>and I remember how hard that was. They made us

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<v Speaker 1>stand up and read Intagalog and I was embarrassed. And

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<v Speaker 1>but but we also learned a lot of different things.

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<v Speaker 1>We cleaned the classroom floors with our hands. We would

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<v Speaker 1>get down on our hands and knees and scrub it

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<v Speaker 1>with the husk of a coconut. I'm really good at

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<v Speaker 1>cleaning floors today. It's a really good lesson. But they

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<v Speaker 1>really exposed us to hard work and a sense of

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<v Speaker 1>humility and probably something my friend Brian Stevenson always emphasizes,

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<v Speaker 1>which is proximity that at a young age, inclusiveness was

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<v Speaker 1>really important for my family and a life dedicated to impact.

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<v Speaker 1>And so I would say that combination of that unique

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<v Speaker 1>experience growing up in the Philippines, being exposed to the province,

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<v Speaker 1>and just having this sort of tenacity and grit that

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<v Speaker 1>my parents had as entrepreneurs I think really has been

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<v Speaker 1>indelible in my life. You know, it's such an interesting

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<v Speaker 1>story of one person's ascent in many ways. And while

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<v Speaker 1>you did become that lawyer they had hoped you'd become,

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<v Speaker 1>you certainly became an extraordinarily successful businesswoman. And it's fascinating

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<v Speaker 1>to hear how these very fundamental lessons like those you

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<v Speaker 1>just conveyed that you inherited from your parents have had

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<v Speaker 1>this lasting impact on you. So let's fast forward just

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<v Speaker 1>a tiny bit from those years, uh to your starting

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<v Speaker 1>care dot com. You did that in two thousand and six,

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<v Speaker 1>and I wonder where did the idea come from? Because

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<v Speaker 1>what you undertook was something truly exceptional, I think, and

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<v Speaker 1>it was seeing the need and responding to that need

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<v Speaker 1>through technology. What did it take to get there? How

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<v Speaker 1>did care dot com work? What steps did you take

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<v Speaker 1>to create just an enormous business? You know? I I

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<v Speaker 1>wish that I had the vision in the road map

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<v Speaker 1>at a young age and knew that I was going

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<v Speaker 1>to build care, But actually what end up happening is

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<v Speaker 1>I got pregnant in college. I wanted to be an

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<v Speaker 1>investment banker and a consultant and my parents were really pushing,

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<v Speaker 1>of course, to be a lawyer. UM. And after business school, UM,

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<v Speaker 1>I started to realize that in you know, grading internet

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<v Speaker 1>business plans, there was something about the power of the

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<v Speaker 1>Internet to help people. And here I was as a

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<v Speaker 1>young mother going through undergrad, my jobs, between undergrad and

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<v Speaker 1>grad school, through my career and then grad school. When

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<v Speaker 1>I did my j d NB at Harvard, we struggled.

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<v Speaker 1>We struggled with care And fast forward when I graduated

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<v Speaker 1>from HBS and decided after my teaching stint there that

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<v Speaker 1>I wanted to go join an internet company. I begged

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<v Speaker 1>my parents to come from the Philippines to actually care

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<v Speaker 1>for our youngest son, Adam, And as he was going

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<v Speaker 1>up the stairs my dad was caring for my son.

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<v Speaker 1>That afternoon, I got a call from my mother, frantic

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<v Speaker 1>at work that my my father had fell backwards UM

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<v Speaker 1>holding the baby because he had had a heart attack.

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<v Speaker 1>And so I think this combination of being sandwich in

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<v Speaker 1>our space, that's being sandwich between childcare and senior care

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<v Speaker 1>at such a young age at twenty nine, made me

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<v Speaker 1>start to realize that I wasn't alone in all of this.

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<v Speaker 1>There's so many other millions of families and especially women

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<v Speaker 1>that are impacted. And I remember I was working in

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<v Speaker 1>a technology company and yet I was using the Yellow

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<v Speaker 1>Pages I'm dating myself to look for care because there

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<v Speaker 1>weren't a lot of other solutions. UM and back then

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<v Speaker 1>Classified were going out of business. Craigslist was just beginning

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<v Speaker 1>and it wasn't really reliable. You weren't going to go

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<v Speaker 1>there to look for care. And oh yes, church and

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<v Speaker 1>the y m c A or the local swimming pool.

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<v Speaker 1>I could put up an eight and a half by

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<v Speaker 1>eleven and have those little tag ear things that you

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<v Speaker 1>could peel off. I mean, they're just so technology. I

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<v Speaker 1>saw had a real potential because I was working for

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<v Speaker 1>a company that was helping families save money for college

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<v Speaker 1>called you Promise, and so was a great training ground

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<v Speaker 1>for me to understand. But the real personal pain point

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<v Speaker 1>that I went through was something that really inspired me

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<v Speaker 1>to say, I'm not alone in all of this, and

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<v Speaker 1>as I said, many women are impact in front. My

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<v Speaker 1>dear friend I Gin Pooh, who you know well, has

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<v Speaker 1>been fighting for domestic workers and she often says it

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<v Speaker 1>care is what makes all other work possible because it

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<v Speaker 1>is the underpinning. It's just like roads and bridges. You know,

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<v Speaker 1>you have to invest in that infrastructure to help women

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<v Speaker 1>work because the challenges are care costs is high. Caregivers,

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<v Speaker 1>a majority of which are women. You know, the average

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<v Speaker 1>pay eleven dollars an hour, I mean, whereas golf caddies

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<v Speaker 1>or what making fifteen an hour just doesn't kind of

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<v Speaker 1>add up. And then there are these care deserts. There's

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<v Speaker 1>just not even enough spots for kids around the country

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<v Speaker 1>for care for women to pursue work. And then I

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<v Speaker 1>haven't even layered in senior care. So all of that

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<v Speaker 1>I call I consider sort of the econ I'm excited

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<v Speaker 1>of care as opposed to the soft love tendency of

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<v Speaker 1>how people call the industry that we're in. I don't

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<v Speaker 1>really understand that this is actually one of the critical

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<v Speaker 1>issues and drives sort of the problems around an economic

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<v Speaker 1>crisis if you're not investing in this infrastructure. So you

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<v Speaker 1>had asked me, what does care dot Com due today?

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<v Speaker 1>You know, it's basically simple. It's matching families with caregivers.

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<v Speaker 1>Majority of the platform are moms, and caregivers are also women,

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<v Speaker 1>so it's actually really serving women. But ultimately it's about

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<v Speaker 1>servicing families and caregivers. Before I left in February, we

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<v Speaker 1>had more than thirty million members and over twenty countries.

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<v Speaker 1>So the way they think about that is every three

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<v Speaker 1>minutes a family finds care on the platform and a

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<v Speaker 1>caregiver finds a job. Well, you know, you're not only

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<v Speaker 1>created a solution, but you've just made the most compelling

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<v Speaker 1>case for why we need to address the whole issue

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<v Speaker 1>of affordable, available, and quality healthcare that people can count on,

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<v Speaker 1>and increasingly elder care, which we know is another huge

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<v Speaker 1>imperative for our society. So you came up with this

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<v Speaker 1>very innovative solution. But we know building a company is

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<v Speaker 1>accompanied with a lot of struggle. So tell us what

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<v Speaker 1>was it like, What was the hardest part in those

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<v Speaker 1>early days, and what did you do to get strength

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<v Speaker 1>so that you could keep going. I think the full journey,

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<v Speaker 1>though I very much enjoyed it and learned, was difficult.

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<v Speaker 1>Exactly what you're asking Land, I'd say. In the early days,

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<v Speaker 1>even at the start of the company, I was worried

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<v Speaker 1>about how I was going to be perceived. I had

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<v Speaker 1>my d d NBA at Harvard. Here I was going

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<v Speaker 1>to run A good friend of mine who was in

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<v Speaker 1>an investment bank when I went to get advice from

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<v Speaker 1>her and said, you're going to run a babysitting company

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<v Speaker 1>with your experience. And I was so in secure about

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<v Speaker 1>running a company focused on women that I was really

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<v Speaker 1>worried that men weren't going to take me seriously. And

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<v Speaker 1>a very male mentor came up to me and it

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<v Speaker 1>took me out to lunch and said, are you in

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<v Speaker 1>the pain business or you the pleasure business. I didn't

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<v Speaker 1>really know what that meant, but what he was really

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<v Speaker 1>pushing me to really think about, milanas, how do you

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<v Speaker 1>stay true to yourself? A pain businesses look, you like

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<v Speaker 1>to solve consumer problems. Saving for college is not that fun, right?

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<v Speaker 1>And after you left, you promise you went to help

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<v Speaker 1>help at the ladders to help people find jobs. That

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<v Speaker 1>wasn't fun either, right, But that's what you're passionate about.

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<v Speaker 1>Because at the time I was weighing running a mobile

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<v Speaker 1>company sort of in the entertainment space, and and that

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<v Speaker 1>real advice I took home, I slept on and woke

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<v Speaker 1>up the next day. I was like, I have to

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<v Speaker 1>stay true to myself. So I think the beginning many

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<v Speaker 1>young founders when they're starting companies there's this insecurity that

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<v Speaker 1>sets in around how you're perceived or gaining a sense

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<v Speaker 1>of confidence to be true to who you are. So

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<v Speaker 1>that definitely was there in the beginning. And then as

0:14:10.559 --> 0:14:14.080
<v Speaker 1>we were scaling Care, some people said why wasn't this

0:14:14.160 --> 0:14:20.280
<v Speaker 1>a nonprofit and because somehow what was wrong with with

0:14:20.480 --> 0:14:24.880
<v Speaker 1>a you know, pursuing profitability with a comparable goal of

0:14:24.960 --> 0:14:27.760
<v Speaker 1>social good? And I started to realize part of my

0:14:27.920 --> 0:14:31.080
<v Speaker 1>role wasn't just the mission of Care, it was breaking

0:14:31.120 --> 0:14:35.480
<v Speaker 1>the mold that this was doable as a public company,

0:14:35.560 --> 0:14:38.320
<v Speaker 1>that we could scale this as a solution, and that

0:14:38.440 --> 0:14:41.320
<v Speaker 1>you could have a double bottom line. You know, we

0:14:41.360 --> 0:14:43.880
<v Speaker 1>call those bea corps now, but this was before they

0:14:43.880 --> 0:14:46.640
<v Speaker 1>were around. We were starting care dot com. So it's

0:14:46.680 --> 0:14:49.520
<v Speaker 1>an interesting sort of push that you had to do

0:14:50.040 --> 0:14:53.360
<v Speaker 1>to just prove to people that yes, you know, this

0:14:53.520 --> 0:14:56.160
<v Speaker 1>is possible. And more and more I try to spend

0:14:56.160 --> 0:15:00.320
<v Speaker 1>time with social entrepreneurs and then even I, I know

0:15:00.400 --> 0:15:03.160
<v Speaker 1>you asked me the question, you know, like in the

0:15:03.200 --> 0:15:06.640
<v Speaker 1>early days, what was surprising to me, Milan is that

0:15:06.920 --> 0:15:10.600
<v Speaker 1>the challenge of the of convincing the perception of men

0:15:11.440 --> 0:15:15.720
<v Speaker 1>to realize the opportunity of investing in female focus businesses

0:15:16.520 --> 0:15:20.080
<v Speaker 1>not only started throughout all my fundraising of the hundred

0:15:20.080 --> 0:15:24.760
<v Speaker 1>million private hundred fifty million public was even when we

0:15:24.760 --> 0:15:28.160
<v Speaker 1>were public, we were running into issues. I remember an

0:15:28.160 --> 0:15:31.240
<v Speaker 1>analyst taking aside on a my non deal road show

0:15:31.280 --> 0:15:33.960
<v Speaker 1>preparing to go public, and said to me, you know

0:15:33.960 --> 0:15:36.440
<v Speaker 1>you're going to run into problems? Is is a male

0:15:36.760 --> 0:15:39.400
<v Speaker 1>analysts one of the top ones in Wall Street? And

0:15:39.440 --> 0:15:43.880
<v Speaker 1>I said why? He said, because there's a fundamental dilemma

0:15:44.040 --> 0:15:48.320
<v Speaker 1>that male analysts won't understand the product because they don't

0:15:48.400 --> 0:15:52.640
<v Speaker 1>ultimately use it. So interestingly enough, the profile when Open

0:15:52.680 --> 0:15:55.520
<v Speaker 1>Table came out is similar to yours, except they go

0:15:55.640 --> 0:15:58.560
<v Speaker 1>to restaurants. They know how to book that stuff. It

0:15:58.680 --> 0:16:03.120
<v Speaker 1>matters to them. But many young male analysts don't have children,

0:16:03.400 --> 0:16:06.120
<v Speaker 1>aren't worried about their parents, they don't even have likely

0:16:06.200 --> 0:16:09.560
<v Speaker 1>dogs or plants, because they're committed to their jobs. Right,

0:16:09.600 --> 0:16:13.200
<v Speaker 1>So you're going to have to figure out how do

0:16:13.240 --> 0:16:16.200
<v Speaker 1>you make this issue proximate to who you're selling it to.

0:16:16.800 --> 0:16:21.280
<v Speaker 1>And so those challenges we're with me all the way

0:16:21.320 --> 0:16:24.920
<v Speaker 1>through until the very end, in fact, and it's a

0:16:25.040 --> 0:16:28.280
<v Speaker 1>very interesting thing. And and I know that that we've

0:16:28.320 --> 0:16:31.200
<v Speaker 1>got to change that, we've got to figure out ways

0:16:31.200 --> 0:16:35.640
<v Speaker 1>in which men become more proximate to the issues that

0:16:35.760 --> 0:16:40.200
<v Speaker 1>women face. Well, you know, I think maybe COVID has

0:16:40.320 --> 0:16:42.560
<v Speaker 1>changed that a little bit. It may be one of

0:16:42.600 --> 0:16:44.920
<v Speaker 1>the bright lights out of it, if I can say

0:16:44.920 --> 0:16:48.640
<v Speaker 1>that about a pandemic, because we're certainly much more aware

0:16:48.760 --> 0:16:54.200
<v Speaker 1>today of just how difficult it is to juggle all

0:16:54.240 --> 0:16:58.480
<v Speaker 1>of this um and many of the the men who

0:16:58.520 --> 0:17:01.080
<v Speaker 1>are aware of these challenge is are seeing it in

0:17:01.120 --> 0:17:04.600
<v Speaker 1>a very proximate way. I dare say I completely agree.

0:17:04.920 --> 0:17:07.479
<v Speaker 1>But you know, it's so interesting to listen to you

0:17:07.560 --> 0:17:11.359
<v Speaker 1>because you're right. You anticipate that these struggles are going

0:17:11.359 --> 0:17:15.399
<v Speaker 1>to come early on, but as you so well said

0:17:15.680 --> 0:17:19.160
<v Speaker 1>in your experience, these stay with you. As an entrepreneur,

0:17:19.240 --> 0:17:22.560
<v Speaker 1>You're always thinking of that next challenge, that next piece,

0:17:22.600 --> 0:17:25.560
<v Speaker 1>what else do you have to do to overcome and thrive.

0:17:26.320 --> 0:17:31.960
<v Speaker 1>But care dot Com did thrive. It was thriving continues obviously,

0:17:32.720 --> 0:17:37.720
<v Speaker 1>and you started another company, landed. So how did that

0:17:37.800 --> 0:17:42.280
<v Speaker 1>come about and how did you juggle both companies? You know,

0:17:42.320 --> 0:17:46.400
<v Speaker 1>it's really interesting. I care dot Com launched a product

0:17:47.119 --> 0:17:51.840
<v Speaker 1>called Carrot Work. I would say it's probably year four

0:17:52.560 --> 0:17:55.840
<v Speaker 1>of our thirteen years stint at that company, and Carrot

0:17:55.880 --> 0:17:59.720
<v Speaker 1>Work was providing benefits for employees, and I would meet

0:17:59.760 --> 0:18:03.880
<v Speaker 1>with h r os and CEOs and CFOs and often

0:18:03.920 --> 0:18:06.439
<v Speaker 1>they would say, we love care as a solution for

0:18:06.480 --> 0:18:08.560
<v Speaker 1>our employees to make sure that they show up at

0:18:08.560 --> 0:18:11.520
<v Speaker 1>work and they could be present at work, but we

0:18:11.560 --> 0:18:14.840
<v Speaker 1>really have a problem with the pipeline of women. We

0:18:14.880 --> 0:18:18.080
<v Speaker 1>start off fift when they're young, and then of course

0:18:18.600 --> 0:18:21.080
<v Speaker 1>when you know, when they're in the corner office, it's

0:18:21.080 --> 0:18:24.359
<v Speaker 1>getting into the single digit percentage. And I said, wow,

0:18:24.440 --> 0:18:26.920
<v Speaker 1>that's that's a real problem. We know it, but that's

0:18:26.960 --> 0:18:29.080
<v Speaker 1>a different business from care dot com. Because they were

0:18:29.080 --> 0:18:31.000
<v Speaker 1>asking me, you know, should you launch a different product.

0:18:31.400 --> 0:18:34.960
<v Speaker 1>I had the fortunate experience that I joined an Aspen

0:18:35.080 --> 0:18:39.199
<v Speaker 1>Crown Fellowship class and allowed me to really search and

0:18:39.240 --> 0:18:43.160
<v Speaker 1>go deeper around impact. And it happened that in my class,

0:18:43.280 --> 0:18:47.520
<v Speaker 1>my HBS classmate from business school, a Lisa Skate Tatum,

0:18:47.640 --> 0:18:50.600
<v Speaker 1>was also in my Crown Fellowship class and she had

0:18:50.600 --> 0:18:54.639
<v Speaker 1>been contemplating the same issues about the pipeline problem. The

0:18:54.800 --> 0:18:57.680
<v Speaker 1>third thing that happened is Milan also was in my life,

0:18:59.080 --> 0:19:02.160
<v Speaker 1>who I remember we're telling me, who said to me,

0:19:02.800 --> 0:19:05.720
<v Speaker 1>the care issue is such a big issue to help

0:19:05.760 --> 0:19:09.320
<v Speaker 1>women focus on it. So the way to do that

0:19:09.400 --> 0:19:11.800
<v Speaker 1>it allowed me to focus on it is really worked

0:19:11.800 --> 0:19:15.920
<v Speaker 1>with Lisa where she became, you know, my co founder

0:19:16.200 --> 0:19:19.840
<v Speaker 1>on land It, and it has just been incredible at

0:19:19.920 --> 0:19:22.600
<v Speaker 1>really pursuing the shared mission and vision we had. So

0:19:22.640 --> 0:19:26.320
<v Speaker 1>we came together to found the company, and it's allowed

0:19:26.359 --> 0:19:29.439
<v Speaker 1>both of us by the way we're both women that

0:19:29.560 --> 0:19:34.360
<v Speaker 1>integrate our work and life together. We both juggle running companies,

0:19:34.840 --> 0:19:37.160
<v Speaker 1>we trade a lot of notes, were there for each other,

0:19:37.320 --> 0:19:40.680
<v Speaker 1>we support each other, and so I I found this

0:19:41.000 --> 0:19:45.159
<v Speaker 1>such an incredible satisfaction of being a board member and

0:19:45.240 --> 0:19:49.840
<v Speaker 1>a founder of something I saw that other female founders,

0:19:50.040 --> 0:19:54.760
<v Speaker 1>unleashing their own potential, could pursue their passion and I

0:19:54.800 --> 0:19:57.760
<v Speaker 1>can impart the journey that I've been on on care

0:19:58.160 --> 0:20:01.199
<v Speaker 1>to how to scale those platforms they themselves can make

0:20:01.240 --> 0:20:03.800
<v Speaker 1>a big impact as well. It's something that's so near

0:20:03.840 --> 0:20:07.360
<v Speaker 1>and dear to me around working with female founders and

0:20:08.040 --> 0:20:10.280
<v Speaker 1>Landed has just been such a joy, and I'm just

0:20:10.400 --> 0:20:13.399
<v Speaker 1>thrilled that Lisa is making such this huge impact in

0:20:13.440 --> 0:20:16.280
<v Speaker 1>the world that she really wanted to. Well, that's terrific,

0:20:16.359 --> 0:20:18.840
<v Speaker 1>and you know, I know personally just how much you

0:20:18.960 --> 0:20:24.080
<v Speaker 1>care about women developing their leadership skills and going on

0:20:24.200 --> 0:20:29.080
<v Speaker 1>to enjoying great success that is commensurate with the potential

0:20:29.160 --> 0:20:33.600
<v Speaker 1>of so many. So you left care in two thousand

0:20:33.680 --> 0:20:38.560
<v Speaker 1>and nineteen, and you are, by any account, UH a

0:20:38.760 --> 0:20:45.040
<v Speaker 1>force of nature. So what is Sheila focusing on now? UM?

0:20:45.080 --> 0:20:50.000
<v Speaker 1>I would say certainly adhering to quarantine. And I had

0:20:50.040 --> 0:20:54.920
<v Speaker 1>planned to travel sabbatical, but I've been doing my Quarantine sabbatical,

0:20:55.240 --> 0:20:59.320
<v Speaker 1>but my kids tease me that it's not really sabbatical

0:20:59.440 --> 0:21:07.000
<v Speaker 1>because now I'm launching a couple of ventures with with

0:21:07.119 --> 0:21:11.280
<v Speaker 1>a few female founders UM to continue again to unleash

0:21:11.320 --> 0:21:15.240
<v Speaker 1>their power. I'm super excited. One of them is focused

0:21:15.280 --> 0:21:18.920
<v Speaker 1>on girls, and I'm just excited to build new companies

0:21:19.280 --> 0:21:21.840
<v Speaker 1>built by amazing female founders. And by the way, that

0:21:21.920 --> 0:21:26.880
<v Speaker 1>includes for profit and not for profit, because I think

0:21:27.000 --> 0:21:30.480
<v Speaker 1>impact can be achieved in many different ways and and

0:21:30.600 --> 0:21:33.240
<v Speaker 1>my goal is how can I help in any way

0:21:33.280 --> 0:21:36.520
<v Speaker 1>to scale that that what is in the hearts of

0:21:36.600 --> 0:21:40.400
<v Speaker 1>other people to help people UM. And then specifically, one

0:21:40.440 --> 0:21:42.760
<v Speaker 1>nonprofit I'm super proud to be helping right now is

0:21:42.840 --> 0:21:47.639
<v Speaker 1>Him for Her by Jocelyn mangan Um and it's putting

0:21:47.680 --> 0:21:51.119
<v Speaker 1>women on boards. Uh, So it's something I'm super excited

0:21:51.160 --> 0:21:54.040
<v Speaker 1>about to continue to support her. Uh. Some of the

0:21:54.080 --> 0:21:57.760
<v Speaker 1>companies are still stealth, but it should be announced within

0:21:57.800 --> 0:22:02.800
<v Speaker 1>the year. It sounds terrific. Will all be awaiting those

0:22:02.840 --> 0:22:09.440
<v Speaker 1>announcements with eager anticipation. I had mentioned earlier COVID Uh,

0:22:09.480 --> 0:22:11.960
<v Speaker 1>and you just talked about how you're abiding by all

0:22:12.000 --> 0:22:15.920
<v Speaker 1>the protocols and staying on the ground, which is rare,

0:22:16.359 --> 0:22:20.639
<v Speaker 1>rare for you. So how has it affected your work otherwise?

0:22:20.960 --> 0:22:25.080
<v Speaker 1>Has it brought on any particular challenges? Have you had

0:22:25.119 --> 0:22:29.080
<v Speaker 1>to make any major pivots outside of what you described

0:22:29.160 --> 0:22:32.440
<v Speaker 1>in terms of really not doing all of that extensive

0:22:32.800 --> 0:22:35.840
<v Speaker 1>travel that you had anticipated in this period, but you've

0:22:35.880 --> 0:22:39.440
<v Speaker 1>put it to good use. It sounds like yeah, certainly,

0:22:40.080 --> 0:22:44.360
<v Speaker 1>going from a twenty four seven job running a public

0:22:44.359 --> 0:22:48.640
<v Speaker 1>company to then, you know, reducing travel in the hours

0:22:48.720 --> 0:22:52.560
<v Speaker 1>and all the inbound requests of my time, I've had

0:22:52.600 --> 0:22:58.199
<v Speaker 1>a real opportunity to do a lot of meditation, yoga,

0:22:58.880 --> 0:23:03.160
<v Speaker 1>just a self awareness time for myself. Just been a gift.

0:23:03.160 --> 0:23:05.120
<v Speaker 1>I hadn't had this in over twenty years because I've

0:23:05.160 --> 0:23:08.400
<v Speaker 1>just been running and gunning. But what's interesting about COVID

0:23:08.560 --> 0:23:12.159
<v Speaker 1>has certainly has been silver linings, is it. It's also,

0:23:12.359 --> 0:23:15.720
<v Speaker 1>as you pointed out, it's allowed a lot of people

0:23:15.760 --> 0:23:18.639
<v Speaker 1>to open their eyes at the juggle is really hard,

0:23:19.200 --> 0:23:22.280
<v Speaker 1>and I'm seeing with a lot of my zoom calls

0:23:22.320 --> 0:23:26.440
<v Speaker 1>in also my male friends sharing with me that they're

0:23:26.480 --> 0:23:29.320
<v Speaker 1>now at the front seat to see this juggle of

0:23:29.359 --> 0:23:32.440
<v Speaker 1>work life balance. I used to have to hit people

0:23:32.440 --> 0:23:34.800
<v Speaker 1>over the head to tell them that care was really important.

0:23:34.880 --> 0:23:39.199
<v Speaker 1>They're realizing that it is definitely essential. Work at the

0:23:39.280 --> 0:23:43.520
<v Speaker 1>corner office is seeing it a lot too. Um So

0:23:43.600 --> 0:23:47.800
<v Speaker 1>this proximity that you described earlier, I believe it's a

0:23:47.800 --> 0:23:50.720
<v Speaker 1>real silver lining in the care industry, and it's one

0:23:50.720 --> 0:23:53.639
<v Speaker 1>of the nonprofits that I founded and ran, and I

0:23:53.680 --> 0:23:55.800
<v Speaker 1>do want to thank I a C for helping seed

0:23:55.880 --> 0:23:57.679
<v Speaker 1>that with me as a way that they honored my

0:23:57.760 --> 0:23:59.800
<v Speaker 1>founding of care dot com. I a C bought care

0:23:59.800 --> 0:24:02.280
<v Speaker 1>dot come earlier this year. As you know, is that

0:24:02.359 --> 0:24:05.320
<v Speaker 1>the Care Institute is really focused around how do we

0:24:05.400 --> 0:24:09.240
<v Speaker 1>influence the specific issue right now because it is top

0:24:09.240 --> 0:24:12.439
<v Speaker 1>of mind for people. How do we use this moment

0:24:13.240 --> 0:24:16.720
<v Speaker 1>because care is top of mind, because we really can't

0:24:16.760 --> 0:24:20.280
<v Speaker 1>help women At the same time that I'm working on

0:24:20.280 --> 0:24:24.040
<v Speaker 1>that nonprofit. It's really to train caregivers. I also see

0:24:24.080 --> 0:24:27.400
<v Speaker 1>this huge need for Landed. Lisa and I are all

0:24:27.480 --> 0:24:31.200
<v Speaker 1>over that UM and Landed not only to help women,

0:24:31.800 --> 0:24:35.280
<v Speaker 1>but especially also people of color with everything that's happening

0:24:35.400 --> 0:24:39.119
<v Speaker 1>in the world, especially with post George Floyd and the

0:24:39.160 --> 0:24:42.879
<v Speaker 1>Black Lives Matter movement. So I think there are silver

0:24:43.000 --> 0:24:46.800
<v Speaker 1>linings in difficulty and challenges and really finding ways how

0:24:46.840 --> 0:24:49.800
<v Speaker 1>we can make a broader impact. So terrific to hear.

0:24:50.320 --> 0:24:53.040
<v Speaker 1>I want to ask you one final question because I

0:24:53.080 --> 0:24:58.360
<v Speaker 1>think your role in UM the tech field really it's

0:24:58.359 --> 0:25:01.320
<v Speaker 1>still fairly unique for women. We know that women in

0:25:01.440 --> 0:25:05.640
<v Speaker 1>technology have faced continue to face so many challenges, Yet

0:25:05.680 --> 0:25:09.359
<v Speaker 1>your companies have been technology based, and I think that's

0:25:09.400 --> 0:25:13.639
<v Speaker 1>been part of the success and visionary in many many ways.

0:25:14.520 --> 0:25:18.119
<v Speaker 1>How can we, Sheila, get more women in technology to

0:25:18.280 --> 0:25:22.399
<v Speaker 1>succeed in the field and overcome some of the constraints

0:25:22.400 --> 0:25:25.760
<v Speaker 1>that are strown in their past. It's definitely something in

0:25:25.800 --> 0:25:29.560
<v Speaker 1>my nineties that I want to make sure is completely

0:25:29.640 --> 0:25:33.160
<v Speaker 1>different from what we have now. Listen, as you've heard

0:25:33.400 --> 0:25:36.920
<v Speaker 1>often the answer is having more female vcs. It's it's

0:25:36.960 --> 0:25:39.560
<v Speaker 1>just it's so upsetting that in the top hundred firms,

0:25:39.560 --> 0:25:42.719
<v Speaker 1>we're still seeing eight percent of partners or women. It

0:25:42.760 --> 0:25:47.520
<v Speaker 1>results in these blind spots because you know, I don't

0:25:47.600 --> 0:25:49.520
<v Speaker 1>know why in this day and age, we have to

0:25:49.600 --> 0:25:54.280
<v Speaker 1>still convince people that gender inclusivity has a positive economic

0:25:54.400 --> 0:25:56.960
<v Speaker 1>r O. I right, it's just it's it's it's just shocking.

0:25:57.800 --> 0:26:00.680
<v Speaker 1>You know. We have this rule in a consumer business

0:26:00.680 --> 0:26:03.560
<v Speaker 1>that ultimately, when you're designing a product, you have to

0:26:03.600 --> 0:26:06.959
<v Speaker 1>be open with the design of it because you have

0:26:07.040 --> 0:26:11.840
<v Speaker 1>to be objective and data driven because ultimately you're designing

0:26:11.960 --> 0:26:16.320
<v Speaker 1>something probably not for you. Um. And so I'm always

0:26:16.800 --> 0:26:18.640
<v Speaker 1>you know, perplexed when I talk to my male VC

0:26:18.840 --> 0:26:21.320
<v Speaker 1>friends to say, you know, it should be the same

0:26:21.359 --> 0:26:25.480
<v Speaker 1>when you invest. It shouldn't be about something that you

0:26:25.600 --> 0:26:30.280
<v Speaker 1>have to fully understand you as a consumer to understand

0:26:30.280 --> 0:26:33.560
<v Speaker 1>the economic opportunity. So it's a really interesting thing. And

0:26:33.600 --> 0:26:36.040
<v Speaker 1>so and then the other thing is advice that I

0:26:36.080 --> 0:26:40.520
<v Speaker 1>have for female entrepreneurs. It's really important. First look, We've

0:26:40.520 --> 0:26:44.280
<v Speaker 1>heard it from from so many other amazing women, So

0:26:44.359 --> 0:26:46.840
<v Speaker 1>I'm not I'm not first to say believe in yourself

0:26:46.880 --> 0:26:48.679
<v Speaker 1>and make sure you have a voice of the table.

0:26:49.440 --> 0:26:52.280
<v Speaker 1>One of the things I did early is invest in

0:26:52.359 --> 0:26:56.120
<v Speaker 1>my own self awareness in that journey. I can tee

0:26:56.240 --> 0:26:59.720
<v Speaker 1>to do that with meditation. I'm working on being a

0:26:59.720 --> 0:27:03.760
<v Speaker 1>bound once as a corporate athlete. With my health, especially

0:27:03.800 --> 0:27:06.960
<v Speaker 1>now as I'm entering into my menopausal age, is really

0:27:07.000 --> 0:27:10.919
<v Speaker 1>important to get that energy level right. UM that challenges

0:27:11.000 --> 0:27:13.679
<v Speaker 1>you will face. I wanted to share one of the

0:27:13.880 --> 0:27:16.360
<v Speaker 1>one of these last few stories with you. I remember

0:27:17.000 --> 0:27:19.560
<v Speaker 1>we were we were traveling around again for a non

0:27:19.600 --> 0:27:22.400
<v Speaker 1>deal roadshow for I P O and we flew into

0:27:22.440 --> 0:27:26.960
<v Speaker 1>this um private airport and and they're just back to

0:27:27.000 --> 0:27:29.879
<v Speaker 1>back meetings Milan. So I rented the bathroom. So I'm

0:27:29.920 --> 0:27:32.600
<v Speaker 1>a little late for the meeting, and because we didn't

0:27:32.600 --> 0:27:35.560
<v Speaker 1>have enough sleep, I go into the room and I

0:27:35.640 --> 0:27:38.760
<v Speaker 1>pour myself a cup of coffee in the conference room

0:27:38.800 --> 0:27:42.080
<v Speaker 1>with investors, and of course I offer everybody coffee because

0:27:42.080 --> 0:27:44.840
<v Speaker 1>I feel like I was raised well that's my you know,

0:27:44.960 --> 0:27:46.800
<v Speaker 1>my mom and dad would say that's what you should

0:27:46.800 --> 0:27:50.600
<v Speaker 1>be doing. And so of course when the handshakes came around,

0:27:50.680 --> 0:27:54.920
<v Speaker 1>they you know, my CTO UM shook his hand, mail

0:27:54.960 --> 0:27:57.840
<v Speaker 1>ct O r CFO shook his hand. They got to

0:27:57.840 --> 0:27:59.520
<v Speaker 1>me and they said, you must be the assistant from

0:27:59.560 --> 0:28:05.040
<v Speaker 1>the bank, and I politely said, no, I'm Sheila Lerio Marcello,

0:28:05.200 --> 0:28:08.159
<v Speaker 1>very nice to meet you. I'm founder, chairwoman and CEO

0:28:08.160 --> 0:28:11.480
<v Speaker 1>of care dot Com. And and then we proceeded with

0:28:11.520 --> 0:28:14.679
<v Speaker 1>the meeting. I didn't miss a beat. I decided I

0:28:14.680 --> 0:28:17.000
<v Speaker 1>wasn't going to assault the wound. I think they felt

0:28:17.000 --> 0:28:20.520
<v Speaker 1>embarrassed enough as it is. I decided in those instances,

0:28:20.560 --> 0:28:23.200
<v Speaker 1>in these moments I have and I've gotten so many

0:28:23.280 --> 0:28:26.600
<v Speaker 1>stories like this, I just take the high road because

0:28:26.640 --> 0:28:30.800
<v Speaker 1>my hope is that they were impressed. I believe they

0:28:30.840 --> 0:28:34.200
<v Speaker 1>did invest in the I p O. And my hope

0:28:34.240 --> 0:28:38.160
<v Speaker 1>is that they themselves become better at addressing this unconscious

0:28:38.200 --> 0:28:42.440
<v Speaker 1>bias by seeing the role modeling that hopefully the next

0:28:42.480 --> 0:28:44.600
<v Speaker 1>woman that's in front of them, they're not going to

0:28:44.680 --> 0:28:47.760
<v Speaker 1>assume she's the assistant from the bank, right. I just

0:28:47.920 --> 0:28:51.160
<v Speaker 1>I just think I'm advising women that they will face

0:28:51.240 --> 0:28:54.960
<v Speaker 1>these challenges and so they need to think about what

0:28:55.120 --> 0:28:57.680
<v Speaker 1>role are you playing as a role model for the

0:28:57.720 --> 0:29:00.400
<v Speaker 1>next woman. This happens too. That's for of the way

0:29:00.440 --> 0:29:02.840
<v Speaker 1>that I think about things. How can I make an

0:29:02.840 --> 0:29:07.480
<v Speaker 1>impactum paying it forward the next time around? And lastly,

0:29:07.560 --> 0:29:10.760
<v Speaker 1>this is very specific to female entrepreneurs. As you ask

0:29:10.840 --> 0:29:13.200
<v Speaker 1>me how do we get more women in tech? I

0:29:13.280 --> 0:29:18.280
<v Speaker 1>often advise female entrepreneurs always be pitching for your next round.

0:29:18.360 --> 0:29:19.960
<v Speaker 1>What do I mean by that? If you're raising a

0:29:20.000 --> 0:29:22.920
<v Speaker 1>seed round, make sure the quality of your deck, it's

0:29:22.960 --> 0:29:25.160
<v Speaker 1>as if you're raising for an A round. If you're

0:29:25.240 --> 0:29:27.640
<v Speaker 1>raising for an A round, make sure the quality of

0:29:27.680 --> 0:29:31.560
<v Speaker 1>your deck is raising for a B round. Why because

0:29:31.600 --> 0:29:37.240
<v Speaker 1>the bar is high. Beat it, delight them, surprise them,

0:29:37.280 --> 0:29:40.680
<v Speaker 1>you know, beat out that unconscious bias. That's what we

0:29:40.800 --> 0:29:44.200
<v Speaker 1>need to be doing. And be confident in what you're doing,

0:29:44.280 --> 0:29:46.600
<v Speaker 1>believe in it, stay true to who you are, and

0:29:46.720 --> 0:29:50.800
<v Speaker 1>pursue what's in your heart. Oh, Sheila, this has been

0:29:50.920 --> 0:29:54.160
<v Speaker 1>just such a great conversation, and I am so grateful,

0:29:54.560 --> 0:29:57.400
<v Speaker 1>as I know our audiences for all of the good

0:29:57.480 --> 0:30:02.120
<v Speaker 1>advice you convey today, for your contributions from your businesses,

0:30:02.240 --> 0:30:06.000
<v Speaker 1>because they have indeed created great social value. And I

0:30:06.040 --> 0:30:09.600
<v Speaker 1>think you're right. I think care today is top of mind.

0:30:09.760 --> 0:30:12.320
<v Speaker 1>At least we can hope that it's top of mind

0:30:12.480 --> 0:30:16.000
<v Speaker 1>and we do more to understand why it's such a

0:30:16.040 --> 0:30:20.200
<v Speaker 1>critical issue. So grateful to hear how you continue to

0:30:20.320 --> 0:30:23.360
<v Speaker 1>use your power for purpose and much success, and we

0:30:23.400 --> 0:30:26.360
<v Speaker 1>will look forward to all of those exciting announcements that

0:30:26.400 --> 0:30:30.480
<v Speaker 1>are coming in the future. Thank you, Sheila Marcello so much.

0:30:31.240 --> 0:30:37.920
<v Speaker 1>Thanks Milann, what an inspiring conversation. Sheila has so many

0:30:38.000 --> 0:30:41.600
<v Speaker 1>lessons we can learn from. Here are three things that

0:30:41.680 --> 0:30:47.600
<v Speaker 1>particularly stuck with me. First, even today, women entrepreneurs often

0:30:47.640 --> 0:30:52.720
<v Speaker 1>have to persuade male investors that women focused projects are worthwhile.

0:30:53.840 --> 0:30:57.440
<v Speaker 1>But when you persist as Sheila did, you can build

0:30:57.440 --> 0:31:00.000
<v Speaker 1>a business that makes a real difference in the world

0:31:00.000 --> 0:31:05.840
<v Speaker 1>old Second, no matter the industry, it's important to remember

0:31:06.120 --> 0:31:10.320
<v Speaker 1>that many so called women's issues, such as childcare, are

0:31:10.360 --> 0:31:14.240
<v Speaker 1>really everyone's issues and they can have a ripple effect

0:31:14.400 --> 0:31:21.400
<v Speaker 1>throughout the economy. And finally, pursue what matters. Imagine the

0:31:21.440 --> 0:31:24.920
<v Speaker 1>incredible things you can accomplish when you have a life

0:31:25.000 --> 0:31:36.600
<v Speaker 1>dedicated to purpose. See you next week. Made by Women

0:31:36.640 --> 0:31:38.920
<v Speaker 1>is brought to you by the Seneca Women Podcast Network

0:31:39.000 --> 0:31:42.080
<v Speaker 1>and I Heart Radio, with support from founding partner PNG