Mar 23, 2022
Question of the Day

Question of the Day (Women's History Month): What is the first company to go public led by two female co-founders?

Answer: FIGS is a medical apparel company led by Heather Hasson and Trina Spear

Questions: 

  • Do you think it’s easier to start a company alone or with a co-founder as FIGS did?
  • When a company “goes public” they sell their stock to the public and get listed on the stock exchange. Why do you think this is such a big event for the employees and the company?
  • If you were to start a company, what would you look for in a co-founder?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Fortune): 

Hasson, 39, and Spear, 37, founded FIGS in 2013 aiming to disrupt the $12 billion U.S. medical apparel market. The cofounders and co-CEOs observed a problem in the field: the responsibility for purchasing uniforms for health care workers—from home health aides to dental hygienists to physicians—had largely shifted from the institution to the individual, with 85% of employees buying their own scrubs. But scrubs were still sold at physical retailers, often, the cofounders say, in a "strip mall far from the hospital."

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For more examples of female leaders in business, check out these FinCap Fridays: Wealthy Women Make Waves, Women in the C-Suite and Women of the S&P 500

 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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