Equity Equity Monday: Women's employment drops, as Delta's drama continues
Sep 7, 2021
The latest jobs report reveals a troubling drop in women's workforce participation, sparking concern about the labor market recovery. Instacart's new CEO aims to capitalize on consumer-product advertising, targeting a massive revenue goal next year. Meanwhile, the fintech unicorn Wave closes a record Series A in Africa, challenging established telecoms in mobile money. Additionally, a new photography app, Glass, seeks to rival Instagram, showcasing the fierce competition in tech innovation.
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Women's Workforce Re-entry Lags
- The August jobs report reveals a concerning trend: women's workforce re-entry is significantly lagging.
- This poses challenges for startups, particularly in industries requiring high levels of in-person interaction.
Startup Opportunity in Women's Workforce Re-entry
- The slow re-entry of women into the workforce presents an opportunity for startups like Maven.
- Maven offers support services for women from pre-conception through post-pregnancy and family care.
Instacart Expands Advertising Strategy
- Instacart's new CEO, Fidji Simo, is expanding the company's advertising business beyond search result placements.
- The goal is to integrate video, email marketing, and other graphics, aiming to boost ad revenue to $1 billion next year.