San Francisco, CA
A members-only club for female executives is coming to San Francisco with the help of Google’s cash
Chief co-founders Carolyn Childers and Lindsay Kaplan
Pictures courtesy of Chief
As corporations see a report variety of ladies leaving their jobs in “the Nice Resignation,” Google father or mother Alphabet is placing cash behind an initiative that might assist them keep.
Launched in 2019, Chief is a membership-based firm for feminine executives that is designed to supply meetups with curated teams of friends, mentorship and hearth chats with folks like former first girl Michelle Obama.
The beginning-up has bodily areas in New York, Los Angeles and Chicago and, as of final month, a contemporary $100 million in money from Alphabet enterprise arm CapitalG. The cash will assist Chief open a clubhouse in San Francisco this summer season that may characteristic a bar with specialty espresso, open lounge area, assembly rooms, non-public name cubicles and a room for mothers.
“Tech is such a male-dominated business so I believe it’s a fantastic capacity to faucet into one thing that breaks from that mildew a little bit bit extra,” Chief co-founder Carolyn Childers advised CNBC in an interview. She stated San Francisco is the corporate’s quickest rising metropolis, and “we’ve seen superb members be part of from early-stage start-ups to the massive tech giants.”
The Covid-19 pandemic bolstered the enterprise as ladies flocked to Chief’s platform, which served as a assist system throughout a time of solitude. Greater than 12,000 senior executives have signed on from over 8,500 corporations together with HBO, American Specific, Nike, Google, Goldman Sachs, NASA and Apple.
Annual membership begins at $5,800 for ladies on the vice chairman degree and $7,900 C-suite executives. About 70% of members are sponsored by their employers, Childers stated. Starting this 12 months, members pays an extra payment to realize an all-access cross to Chief’s clubhouses, the place they’ll host shoppers, reserve assembly rooms and join with different members.
Chief’s Los Angeles clubhouse bar
Pictures courtesy of Chief
‘Lonely on the high’
Childers and co-founder Lindsay Kaplan stated Chief was born from expertise, as they each had senior roles at corporations and struggled to seek out assist. It is one of many important causes feminine employees don’t remain within the tech business, research have proven.
Childers was previously a senior vide president at Useful and Cleaning soap.com, the place she labored as normal supervisor via the corporate’s acquisition by Amazon. Kaplan was vice chairman of communications and model at Casper and did advertising and marketing for varied startups.
“We have been managing groups and mentoring others however not had the assets for ourselves,” Childers stated. “It will possibly get actually lonely on the high, particularly while you’re fairly actually the one lady in a room filled with males.”
Chief expanded nationally in the beginning of the 12 months. There are some 60,000 ladies on the waitlist, however Childers and Kaplan say they need to be capable of begin vetting candidates extra rapidly now that the corporate has extra money to rent folks and construct out the know-how.
Chief plans to open a clubhouse in San Francisco. The corporate has members-only golf equipment in Chicago, New York and Los Angeles.
Pictures courtesy of Chief
Laela Sturdy, a companion at CapitalG, stated the corporate has an “unimaginable enterprise mannequin” but in addition benefited from the timing, given the various stresses of the pandemic.
“I began listening to about Chief as a result of I’ve plenty of associates who’re senior govt ladies and execs in my portfolio who have been becoming a member of Chief and I used to be actually impressed by the model momentum and natural love that chief members have been exhibiting,” Sturdy stated. “It’s very uncommon to have members and customers discuss a platform that adjustments their life.”
Childers says the corporate is now positioned to get much more momentum in a post-pandemic world as individuals are craving in-person occasions.
“When all the things went fully digital, the largest factor is it democratized entry,” Childers stated. “You didn’t should be in a selected place. For networks and communities, having the chance to fulfill in individual bodily is a large profit.”
In April, the platform featured members-only hearth chats with Arielle Gross Samuels, the worldwide head of Meta’s environmental, social and company governance initiative, and former Netflix CMO Bozoma Saint John. Matters vary from office inclusion to work-life stability.
Childers stated it is a significantly numerous neighborhood, with 35% of members figuring out as BIPOC, or Black indigenous and other people of colour.
Taking it to corporations
Chief is elevating hefty quantities of capital from high enterprise capitalists, which implies traders have expectations for the corporate to scale in a method that may justify a tech valuation. Different backers embrace Normal Catalyst and GGV Capital.
Chief says an enormous method it plans to develop is by going on to corporations. For instance, it might doubtlessly customise options and program primarily based on the wants of their feminine executives, whether or not which means a give attention to occasions or skilled development, Sturdy stated.
Chief plans to open a clubhouse in San Francisco. The corporate has members-only golf equipment in Chicago, New York and Los Angeles.
Pictures courtesy of Chief
“We actually need to make deep investments into making relationships with these corporations in order that sponsorship turns into a no brainer of an organization you’re an worker of,” Childers stated. “There’s plenty of alternative to consider the place Chief is even past the U.S.”
Sturdy has a task to play within the enlargement. She’s seen 10 of her investments flip into corporations value $1 billion or extra prior to now 12 months, and she or he’s spent greater than a decade at Google in varied management roles. She stated that Chief can function a precious retention instrument as corporations contemplate methods to maintain their high performers.
“What’s thrilling about this enlargement is the imaginative and prescient to enter Google or Nike and say, ‘Hey, there are already 5, 10, 20 of your senior executives who’re Chief members and right here’s all of the methods we might develop to serve extra of your inhabitants,’” Sturdy stated.
WATCH: The ‘Nice Resignation’ has gone world
SAN FRANCISCO – Nearly 10 years after a quadruple murder, drive-by shooting shocked the San Francisco Hayes Valley neighborhood, District Attorney Brooke Jenkins on Friday announced the conviction of the San Francisco man responsible.
The D.A.’s office issued a news release that said Lee Farley, 36, was found guilty by a jury on four counts of first-degree murder with special circumstances when he opened fire on an occupied vehicle on the night of January 9, 2015.
According to evidence and testimony, four men were ambushed from behind on Laguna Street just south of Page Steet at around 10 p.m.
The jury found that Farley committed this act as a participant of a criminal street gang and that he was a felon in possession of a firearm.
Police arrested Farley in the summer of 2016. He was already serving time at a federal prison in Atwater on unrelated weapons charges when he was taken into custody.
The slayings of Manuel O’Neal, David Saucier II, Harith Atchan and Yalani Chinyamurindi left the victims’ families in turmoil as they waited for justice.
“I would like to thank the jury for their service in this trial,” said District Attorney Jenkins. “I would also like to thank the mothers and families of the murdered men for their patience, faith and trust in my office to get justice for their families. Our strong legal team fought hard, understanding that while nothing we do can bring back their loved ones, that hopefully this verdict brings them some comfort.”
The D.A. thanked her team and the San Francisco Police Department’s homicide unit for their work on this case.
Farley’s sentencing will be scheduled after a bench trial on priors. That date is set for Dec. 16, 2024.
The San Francisco Giants are expected to swing big this offseason as they look to get themselves back into playoff contention.
A pitch to superstar slugger Juan Soto is considered to be that first big swing, although they are not expected to end up landing him.
Assuming the Giants end up missing on Soto, there are plenty of other fallback options that they could consider.
Pete Alonso and Anthony Santander are two other free agents that the Giants have been connected to. However, there is also a potential trade target that has been linked to San Francisco.
Looking at the needs the Giants have, they could use more starting pitching, especially if Blake Snell ends up leaving town in free agency. But San Francisco could also use more offensive firepower. They need a big bat to plug into their lineup.
With that in mind, Chicago Cubs star outfielder and first baseman Cody Bellinger has come up as a potential option.
Zach Pressnell of Newsweek has named the Giants as one of the top potential trade suitors for Bellinger if the Cubs end up trading him. Reports have come out that Chicago would like to trade their star this offseason. With new leadership in San Francisco, after the hiring of Bustery Posey as president of baseball operations, there is a chance the former All-Star catcher would listen on a deal for the slugger.
“San Francisco has to chase the Los Angeles Dodgers and the San Diego Padres in its own division before it can worry about coming home with the World Series title,” Pressnell wrote. “A move for Bellinger would push the Giants in the right direction without breaking the bank.”
Bellinger would certainly be an intriguing option for San Francisco. He’s set to make $27.5 million in 2025 and then will have another choice to make before the 2026 season, as his current deal has another option year. There is a chance that he could opt into another year of his deal at $25 million.
During the 2024 MLB season, Bellinger produced lower numbers than expected. However, he dealt with some injury issues and the Cubs as a whole played under expectations.
He played in 130 total games, hitting 18 home runs to go along with 78 RBI. Bellinger also recorded a slash line of .266/.325/.426.
Just one year previously in 2023, Bellinger had a much stronger season. He hit .307/.356/.525 to go along with 26 home runs and 97 RBI. He was also named the National League Comeback Player of the Year award winner.
All of that being said, the former National League MVP would be an excellent addition for the Giants. Depending on what Chicago is asking for in return, San Francisco should strongly consider making a push to acquire him.
The San Francisco Giants are heading into free agency hoping to finally make a splash after missing out in recent years.
It was another mediocre season for the Giants in 2024, as they finished just under .500 and hovered around that record for most of the year. Besides a couple of outlier years, San Francisco has struggled for most of the decade.
Now, former catcher Buster Posey has taken over as president of baseball operations, and hopes to change the trajectory of the franchise.
Over the past few winters, the Giants have consistently missed out on the top free agents. The hope is that Posey will bring some credibility to San Francisco and help convince free agents to come.
Heading into the offseason, one of the most glaring needs for the Giants is to improve the offense. Recently, Zachary D. Rymer of Bleacher Report spoke about San Francisco as a good landing spot for Baltimore Orioles slugger, Anthony Santander.
While the Giants play in one of the most pitcher-friendly parks in the league, their lack of power has really held the team back. San Francisco has not had a home run hitter since Barry Bonds, who was the last Giants player to hit 30 home runs for the team — back in 2024.
The Giants have swung and missed on top free agents like Giancarlo Stanton, Bryce Harper, Aaron Judge and Shohei Ohtani in recent years. An agreement with infielder Carlos Correa went up in smoke after his physical revealed a concerning injury and nixed that deal.
Santander is in the superstar category. But, last year with the Orioles was able to total 44 home runs and 102 RBIs.
That type of offensive production is exactly what San Francisco needs in the middle of the order, as he would pair nice with Matt Chapman and Heliot Ramos in the lineup. Also, he would provide the Giants with a switch hitter to help diversify their lineup.
In the spacious outfield of San Francisco, Santander might be a tad exposed defensively, but he could slide into the designated hitter slot a majority of the time. Santander usually played right field in Baltimore.
While the Giants want to bring in some good talent, they are also trying to build sustainable success for the future.
Adding a player the caliber of Santander would fix one problems in the lineup for San Francisco, but more work would still need to be done.
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