2023 Impact Report
November 2023 | himforher.org
2023 Impact Report November 2023 | himforher.org
Dear Friends, What functional expertise, what scaling experience, what industry insights will unlock the company’s “How can I help?” potential and propel the next stage of growth? This question – which I heard time and again from On the following pages, you’ll see examples of boards CEOs and board experts – inspired me to create Him that didn’t constrain their searches to those already in For Her. their network and the incredible talent they discovered as a result. It prompted me to think creatively about how to enlist those in the boardroom today as allies in accelerating Through our work, and with your support, we’ve board diversity. helped more than 120 boards conclude, “she has what we need.” Turns out that asking thought-provoking questions — questions that change status quo thinking — is one of When it comes to board diversity, encouraging boards the most valued qualities in a board member. to reframe the question and look beyond their networks is one powerful way you can help. After all, the right question can reframe a conversation and invite possibility. Onward! But when it comes to 昀椀nding new board members, the most common question tends to be a limiting one: “Who do we know?” Jocelyn Mangan We believe a better place to start is by asking, Founder & CEO, Him For Her “What do we need?”
Dear Friends, The complex world in which we live is unrelenting in the pressure it puts on today’s leaders. Climate change, geopolitical threats, social discord, the economy, and the unknowns around arti昀椀cial intelligence are only a few of the current formidable challenges. No company and no CEO is immune from the speed of change a昀昀ecting every market, globally. As an entrepreneur, an investor, and a serial board member, I believe it’s more important and more urgent than ever that boards of directors embrace diverse perspectives and skillsets. CEOs and shareholders bene昀椀t from a broader sounding board to help navigate issues shaping customer choice, employee engagement and investor sentiment. I was fortunate to meet Jocelyn through our mutual ties to the Aspen Institute. I believe in her leadership, and as Board Chair, I have contributed my time and energy to the unique approach Him For Her has developed to help companies build more resilient and more e昀昀ective boards by embracing board diversity. Your support of Him For Her enables us to attract diverse talent and bring the expertise of so many exceptional people to the boardroom. Countless companies and leaders will bene昀椀t from your generosity, now, and in future generations. I’m grateful for your collaboration, and humbled to serve this wonderful organization. Joanna Rees Board Chair, Him For Her Board Director, illumyn
Courtesy of Nasdaq, Inc
Our Vision To transform lives by unlocking the social and economic bene昀椀ts of diverse boardrooms To date, we have: • Hosted 150 roundtables, connecting 2350+ CEOs, board directors and investors with board candidates • Onboarded 7000+ women to our talent network, 35% of whom are women of color • Introduced 689 boards to 1135 candidates • Placed 122 new board directors
What do we need? We introduce candidates who bring the expertise boards are seeking. Our board skills matrix Commercialization Sustainability Manufacturing identi昀椀es gaps to help de昀椀ne search criteria. AI Life Chemicals Strategic Audit Industrials Using 1000+ Sciences Partnerships Chair competency tags, we 昀椀nd needle-in-the- haystack candidates for virtually any board. Dr. Deepti Jaggi Anne Roby Yolanda Daniel former Chief Strategy former Executive Co-Founder, 7QUBES & Commercial O昀케cer, Vice President, Linde Better Therapeutics
Our Model We connect board supply and ROUNDTABLES demand through a combination 150 conversations that of high touch and high tech. extend networks ADVOCACY TALENT NETWORK BOARD OPENINGS Our sister company RELATIONSHIP “DEMAND” 28 speaking opportunities in “SUPPLY” 680+ board opportunities is a public bene昀椀t 7000+ board-ready BASE corporation that creates front of CEOs and investors; women, 35% of color 1000+ competency tags with candidates boardroom excellence and The Boardroom View and other introductions opportunity for historically Resources for board candidates underrepresented corporate executives. MEASUREMENT INTRODUCTIONS Annual study that tracks diversity 52% of network referred on private company boards for at least one board opportunity
Our Talent Network Him For Her consistently provides us Board-quali昀椀ed women “ the best board candidates among all of 7,264 the organizations with whom we work. The depth and breadth of the Him For Racial and ethnic diversity Her network is your greatest asset. You of our network 12% are always our 昀椀rst call when it comes 8% to 昀椀lling a board seat.” 5% Black Justin C. Jacobs AAPI MANAGING DIRECTOR, MILL ROAD CAPITAL Latina 11% Other Women of Color
Our Talent Network Distribution by Industry Functional Expertise I am stunned that you “ Communication Services are thanking ME Consumer Discretionary for the opportunity - Consumer Staples 1268 Energy M&A these candidates are Financials Health Care beyond belief.” Industrials 885 740 Information Technology B2B SaaS Sarah Richardson Materials CEO, MICROBYRE Real Estate 645 Utilities ESG* 100+ candidates 617 Go-to- 453 Market Audit 429 AI 382 B2C *Environmental, Social & Governance
Our Roundtables Conversations Guests “I’m still in awe of the incredible connections convened engaged I made [during the roundtable in London]. 150 2,350+ Thanks for organising such a thoughtful, inspiring and battery-charging evening.” Anna Perdrix Rosell FOUNDER & CO-CEO, SIXFOLD BIOSCIENCE “Great group and fantastic, lively discussion. Already have a couple of follow-up intros with those in attendance. Looking forward to the continued collaboration.” Patrick Salyer PARTNER, MAYFIELD FUND
Our 2023 Guest Hosts John Hope Bryant Marc Casper Joanna Coles Craig Cummings Lawton Cummings Bracken Darrell Operation HOPE Thermo Fisher Scienti昀椀c North Star Acquisition Moonshots Capital Capital Factory VF Corporation Company William Eccleshare Brad Feld Pete Flint Mark Gainey Reid Ho昀昀man David Kenny Design Council Foundry Group NFX Strava Greylock Partners Nielsen Dara Khosrowshahi Bill Kurtz Frank Lee Sarah Liebel Alex Mahon Lynn Meredith Uber Aterian Therini Bio BetterUp Channel 4 MFI Foundation
Our 2023 Guest Hosts Tom Meredith Danny Meyer Neela Montgomery Je昀昀 Parks Doug Petno Kimmy Scotti Brightstar Capital Union Square Greycroft Riverwood Capital JP Morgan Chase 8VC Partners Hospitality Group Clara Shih David Sze Astro Teller Dar Vanderbeck Tamar Yehoshua Salesforce Greylock Partners X, the moonshot factory Aspen Institute IVP See all of our amazing guest hosts
Frictionless Introductions These candidates are 100% in terms of “ 689 calibration. One of the best initial lists Boards introduced I’ve ever seen.” to candidates Charley Moore FOUNDER & CEO, ROCKET LAWYER “I didn’t know what to expect going into 122 Directors seated this - and from the 昀椀rst time you shared the candidates, I was really impressed. I’ve been 48% 昀椀rst-time directors telling everyone about you and your service.” 43% women of color 25% public company boards Tony Martens CEO, PLANTIBLE
Advocacy 17 69 CEO summits Him For Her webinars for 2850+ participants 35 8 other speaking editions of The engagements Boardroom View Watch our Commitment to Action at the 2023 Clinton Global Initiative
Benchmarking Distribution by IndustryRacial and Ethnic Diversity of Our NetworkBenchmarking Distribution by Industry Racial and Ethnic Diversity of Our Network Benchmarking Our annual study of private company Distribution by Industry Racial and Ethnic Diversity of Our Network Benchmarking boards revealed: 1.1 • Nearly a third don’t have any women directors. Number of women per • All-male boards oversee $56 billion in private-company board funding and 78,000+ employees. • In 2022, the number of women of color surpassed the number of board members 16% of directors named “Dave.” are women 4% of directors are women of color Read our report
Investor Partnerships FOUNDING PARTNERS ALLIANCE MEMBERS
Investor Partnerships “HFH has an unmatched ability to give us ALLIANCE MEMBERS incredible access to talent we are not 昀椀nding elsewhere and with the operating backgrounds our portcos desire.” Morgan Flager MANAGING PARTNER, SILVERTON PARTNERS “We have strengthened our commitment to recruiting women for board seats because of Him For Her. We are making great progress!” Helen Ruth SR. OPERATING EXECUTIVE, MONOMOY CAPITAL PARTNERS
Our Team Board of Directors Jocelyn Mangan Ann Shepherd Fiona Tang Kate Purmal Laura Gluhanich Dara Joanna Rees Mike Xenakis Founder & CEO Co-Founder & Co-Founder & VP CFO & COO Senior Director Khosrowshahi HFH Chair, West, Vacasa CSO Uber FICO Distribution by Industry Racial and Ethnic Diversity of Our Network Benchmarking Cookie Veconi Leana Hardgrave Crista Bailey Louise Trezzo Ximena Vivanco Chief of Sta昀昀 Director, Programs CBDO Director, Senior Program Advisors Partnerships Manager Jess Chen Marshawn Denny Ruth Dewa Ayu Isaac Applbaum Danielle Shannon Brayton Stacy Brown- Brad Feld Director, Director of Senior Events MizMaa Ventures Applestone Bessemer Venture Philpot Foundry Programming Operations Manager SQRLE Partners, Quizlet, Nordstrom, HP Vidyard Enjoy our bell-ringing playlist Reid Ho昀昀man Sheila Lirio Alessandra Simons Lisa Skeete Je昀昀 Weiner Greylock, Marcelo Debevoise Tatum LinkedIn, Next Microsoft Proof of Learn & Plimpton Landit Play Ventures
Our Finances OCTOBER 2022 - SEPTEMBER 2023 As we work to solve board diversity over the next decade, Revenue: $2,796,142 we continue to build a funding model that puts us on the 2022 Ending Cash: $2,558,213 path toward self-sustainability. Over the past year we have invested in our team, core 53% Donations operations and marketing to accelerate our progress, 33% Earned Income: Partnerships with resulting expenses outpacing revenue. 10% Earned Income: Referrals 4% Other We’ve onboarded two new team members and increased our investment to expand awareness through public relations, roundtables and events. We hired a dedicated CFO/COO to further professionalized Finance and Operations. Our expenses increased 45% year-over-year. Expenses: $3,217,515 Earned revenue continued to provide a signi昀椀cant portion 66% Payroll + Health Insurance of our funding, representing 47% of revenue and growing 34% All other by 17% year-over-year. Your generosity ensures we have the runway we need to scale and deliver on our goals.
Donations and pledges received by September 30 Grateful to Our Supporters for 昀椀scal year 2023 Founding Funders Circle GIFTS OF $5,000+ Fran Heller Founding Alliance Godard Abel Astha Malik GIFTS OF $250,000+ The Bachmann Strauss Family Fund Paul and Diana McKenzie GV Sue Siegel (KFF) Andrea Nelson Meigs The Reid Ho昀昀man Foundation The Xenakis Family Hideto Nishitani IVP The Weiner Family Foundation The Sands Family L Catterton GIFTS OF $2,000+ Lauri Shanahan May昀椀eld GIFTS OF $100,000+ David and Heidi Spector Fund Silver Lake Anchor Point Foundation - Hodges Family Fund Softbank Brad Feld & Amy Batchelor Justin C. Jacobs Leela Srinivasan Dara Khosrowshahi The M and M Lora Family Fund at the Rajalakshmi Subramanian Starboard Value Chicago Community Foundation Teresa Torres Tiger Global Impact Ventures Audrey and Danny Meyer Christine Wente von Metzsch GIFTS OF $25,000+ Sara Wardell Smith Barry Williams Boardbound by Women’s Jes Wolfe Leadership Foundation GIFTS OF $1,000+ GIFTS OF $10,000+ August First Fund (Community Paula and Jim Crown Foundation Boulder) Guy Oseary Bina Chaurasia Joanna Rees Peter Daniel Nanette DeTurk Sarah Grover
Grateful to Our Supporters Alliance Partners Great Hill Partners The Raine Group Corporate Greycroft Partners Resilient Management 7wireVentures Greylock Revolution Akili Accel HGGC Riverwood Capital Bakkt ACME Capital Inspiration Ventures Sapphire Ventures Beam Bene昀椀ts Ares Management Kayne Capital Searchlight Capital Partners Bolster Networks At One Ventures Left Lane Capital Silversmith Management Curbio Bain Capital Ventures Lux Capital Silverton Partners Digimarc Breyer Capital Mark VC Sixth Street Partners The Elliot Group Brown Advisory Mill Road Capital Social Capital Fictiv Clarion Capital Partners Monomoy Capital Partners Stone Point Capital Firan Technology Group Climate Pledge Fund Moontower Group Stripes Group Insight Global Crosslink Capital NDH Advisors TPG Medallion Midstream CVC Capital Partners Oak HC/FT Tritium Partners Medical Informatics Corp Elliott Investment Management Obvious Ventures True Ventures Qnovo Foundry Group Ontario Teachers Pension Plan Vista Equity Partners Management SleepMe Gaingels OpenView Venture Partners Volition Capital Sui Foundation Generation Investment Management. Penny Jar Warburg Pincus Tutorful GingerBread Capital Periscope Equity Zebra Technologies Global Infrastructure Management Playground Global Graph Ventures Prelude Ventures
Distribution by IndustryDistribution by Industry Racial and Ethnic Diversity of Our NetworkRacial and Ethnic Diversity of Our Network BenchmarkingBenchmarking Our Goal: With your support, we will solve gender diversity on for-pro昀椀t company boards within the next ten years. Donate Today November 2023 | himforher.org