Learning From Doing Business In Different Countries

Join Ulrike Seminati with her guest, Mali Baum, as they talk about learning from other countries to become a good communicator. Mali is the CEO and founder of WLOUNGE and MAGDA Group Fund. In this episode, she shares how she supports female founders and diverse teams. Tune in to this episode to learn more!

Surface Level Diversity

Mali believes that Europe is not that diverse. Yes, it has a unique mixture of genders, ages, colors, attitudes, backgrounds, and cultures, so it is said that Europe has diversity. Yet, Mali says that people fail to look inside the company and university setting. In her example, the people behind one successful company are three white males of the same background. Jumping to another venture capital company, and it is still the same three. Mali aims to break this cycle by diversifying venture capitals, but another problem is the difficulty of finding investors and getting accepted in startup programs. As a solution, she puts up a company for women to push them and pitch their ideas. It is her way to achieve real diversity.

Empowering Female Leaders

European women do not have the courage to fundraise their startups. They are too scared to make it ready for their customers, the market, and a pilot test. Mali says it is all traced back to the culture. No one gave European women the idea that they could build big companies. To push women to become leaders, Mali has a 12 skills development program exclusively for women. She found out that communication is the most needed skill, so women have more trust in themselves. The network is capable of opening almost any door when women are very sharp. Communicating in the right way helps them to be their best. 

About Mali M. Baum:

Mali M. Baum is a serial entrepreneur, investor, mentor and community leader, and podcaster.

Mali is a key person in shaping Female Founders Future and opportunities at the Startups Ecosystem in Berlin and Europe. She founded one of the biggest and the significant networks and communities, WLOUNGE.de for startups, VCs and corporates supporting Female founders and diverse teams. Raising a new fund, MAGDA GROUP, with focusing on a diverse team, impact, ESG to invest into the European technology (+TLV), building more success stories/ Unicorns, and uplifting the local tech ecosystem, her global career is bringing many business opportunities to the German/ EU economy from the US, Africa, Asia, and Israel.

Outline of the Episode:

[01:12] Without communication, one cannot do business as it is the key enabler of success 

[01:55] Differences of how people from Europe communicate compared to other countries

[04:25] In what aspects is diversity totally missing in Europe?

[06:57] Lessons from other countries in terms of having the courage to promote and present

[10:27] How WLOUNGE prepares founders on having a strong mindset

[14:36] The tendency of people to extend their network proactively without third party help

[17:26] Evolution towards an understanding that own personality is the most powerful personality

[21:09] What kind of attitude is most needed?

Resources:

Website: https://mali-talkshow.com/

Facebook: https://www.facebook.com/mali.baum

LinkedIn: https://www.linkedin.com/in/mali-m-baum-0353b027/

Connect with Ulrike!

Website: https://ulrikeseminati.com/

LinkedIn: https://www.linkedin.com/in/empowering-female-leaders/

Email: [email protected]