Action and Ambition
Silvina Moschini Just Hit Unicorn Status With Her $1B+ Valuation (Recap Episode)
Welcome to another episode of Action & Ambition with your host, Andrew Medal. Silvina Moschini is the Co-founder & President of Transparent Business as well as the Founder & CEO of SheWorks! An award-winning serial entrepreneur, international speaker, and author, Silvina Moschini has established herself as one of the foremost experts on the digital economy and how the fourth industrial revolution is transforming the global workforce, empowering women accelerating government reform across the world. You're going to love this episode. Let's get to it! Who is Silvina, and what is she about? (0:23) Silvina was born in Buenos Aires, Argentina, and she is a technology entrepreneur. She is super passionate about technologies that specialize in future work now with the presence of COVID. She is the CEO and Founder of SheWorks, which is a platform to help professional women find remote jobs, and she is also the founder of Transparent Business, which is a platform to help companies bring transparency and data to manage their remote and distributed teams better. Transparent Business is the holding company, and they are racing within it. Their vision is to create an ecosystem of technology and services that dominate the space of business transparency and apply it to love and work. Silvina's business is a C Corp. They have four subsidiaries that operate in collaboration with a different company, so they have some transversal things and some things that are dedicated. They use their technology to leverage transformation in business technology to build a talent marketplace. They connect the dots between talent opportunities with software to manage remote work. How did Silvina come to structure her entities the way she does? (3:24) They developed the technology as an internal tool. When Silvina was living in Europe, she was in Verona, Barcelona, back in 2012. She was experiencing a difficult challenge, which was managing her remote team because she had offices worldwide. During that time, the great recession was happening in the US, a real-estate crisis, and coffee was scarce. As an entrepreneur and owner at the time, she had an interactive production. To manage her team more efficiently, they developed Transparent Business as an internal tool as a pet project inside her company to manage her team with transparency. Then they started to experiment. They found that managing her business through transparency was game-changing because suddenly, they had data in-store on who was working on what and how much money they were spending in each phase of the project on each client. They started to try and use the technology in different scenarios and cases, building a talent marketplace. They figured if the technology were good for them, it would be good for someone else, so they created a company from that idea. How much money did Silvina raise to achieve a billion-dollar validation? (6:59) This was different from the usual details that come from Silicon Valley on a traditional start-up ecosystem. They raised less than $30 million, so they retain minority for the equity. Silvina and her co-founder are the minority shareholders; they only issue one stock type because they did not want to prioritize investors over others. So, everyone has the same kind of score. There are no liquidation preferences, which they believe is more fair and transparent for everyone. They needed a Global EBIT, offering they pause the natural evolution of what they have done before. Which were an initial private offering and global private offering, which are nothing more than marketing names that they allocate to regulation demons. This comes from the Jobs Act, which allows companies to publicize the stock's sale to great investors in the US. When Transparent business sends this globally, they advertise the opportunity, which they did a lot of education. They are working to transform how company work is transparent, make talent more readily available, and make it easier to manage that talent to grow companies. Transparent Business TransparentBusiness helps customers securely manage a remote workforce. A digital platform that helps companies manage remote workers. TransparentBusiness helps businesses monitor online connected employees in real-time, coordinate teams, and provide information on projects' cost and status. Resources Connect with Silvina: LinkedIn TransparentBusiness: Website Connect with Andrew: LinkedIn
