Elaine Stead discusses bravery, diversity, and changing the investing ecosystem

Win $2,000 in credits with the Day One Network — take our 2-minute audience survey before 30 June: dayone.fm/surveySummary:Elaine Stead joins the podcast to discuss bravery and courage in the investing world, particularly as a woman in the Australian ecosystem. She shares her journey as an investor and highlights the importance of investing in education and building networks.Elaine also challenges the notion of being a contrarian investor and emphasizes the need for a high tolerance for risk. She discusses portfolio construction and the importance of managing risk and diversification.The conversation also touches on the challenges faced by women in the industry and the need for change in the ecosystem.Our supporters:Scendar - Australia's OG startup accounting firm catering to all stages of your business' life.Free 1-hour consultation about your Business' growth plans and finance needs.Contact Scendar todayTuro - The world's largest car-sharing marketplace, and it's the perfect app for travel.The booking process is so convenient, you can get the car delivered and the hosts are super friendly.Download the app today!About The Guest:Elaine Stead is a General Partner at M8 Ventures and an experienced investor in the Australian ecosystem. With nearly 100 investments under her belt, she is known for her bravery and courage in making investment decisions. She has a background in science and innovation and has built a strong network in the industry.Key Takeaways:Investing in education is a crucial investment that can change the trajectory of one's life.Building networks is essential for success in the investing world, particularly for women.Being a contrarian investor is about having a higher tolerance for risk and being able to see opportunities early.The Australian ecosystem needs more diversity in capital allocation and investment decisions.Wealth creation and equity allocation should be more inclusive to drive change in the industry.Quotes:"Being brave is about being fearful of something, but doing it anyway." - Elaine Stead"Diversity in teams signals the ability to manage conflict and work with people who think differently." - Elaine Stead"Making room for others is a show of strength and confidence." - Elaine SteadResources:M8 Ventures: Elaine Stead, the guest on the podcast, is the General Partner at M8 Ventures, a venture capital firm. (Timestamp: [00:00:49])Day One Network: The podcast is part of the Day One network, dedicated to founders, operators, and investors. (Timestamp: [00:00:08])Elaine Stead: A prominent figure in the Australian investing ecosystem, recognized for her experience and insights into investing. (Various Timestamps)Alex Rampell: Mentioned by Maxine Minter in the context of investing perspectives. (Timestamp: [00:10:15])South by Southwest Sydney: Elaine Stead mentions she will be on a panel at this event. (Timestamp: [00:25:20])Aussie Angels: Discussed in the context of making investment...Mentioned in this episode:Deel x PX_Script 1This podcast uses the following third-party services for analysis: Podtrac - https://analytics.podtrac.com/privacy-policy-gdrpSpotify Ad Analytics - https://www.spotify.com/us/legal/ad-analytics-privacy-policy/