LGBT Online Media, Marketing and Advertising
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Focusing on the business side of LGBT marketing, advertising, media and technology worldwide<BR><BR><BR> - <a href="http://www.PinkBananaBiz.com" rel="nofollow">www.PinkBananaBiz.com</a> | <a href="http://www.PinkBananaWorld.com" rel="nofollow">www.PinkBananaWorld.com</a> | <a href="http://www.PinkBananaMedia.com" rel="nofollow">www.PinkBananaMedia.com</a>
Curated by Matt Skallerud

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Nine Amazing Startups Led by #LGBT Entrepreneurs Show Us How Great America Is

Nine Amazing Startups Led by #LGBT Entrepreneurs Show Us How Great America Is | LGBT Online Media, Marketing and Advertising | Scoop.it

Nine amazing startups led by #LGBT entrepreneurs showed us what they’re made of today at #StartOutDemoDay hosted by Twitter NYC and StartOut — 4 out of 9 were led by women, 1 by a Trans entrepreneur.

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Why it matters for LGBT entrepreneurs to come ‘out’

Why it matters for LGBT entrepreneurs to come ‘out’ | LGBT Online Media, Marketing and Advertising | Scoop.it

It’s commonplace to think that a person’s sexual orientation is a private matter and irrelevant in business. After Apple CEO Tim Cook came out as a gay man, a substantial portion of social media comments, tweets, and shares asked, “Why would he do this?” which seems to imply that, first, no one should care, and second, people don’t want to know Cook’s orientation.  But conventional wisdom is wrong. Research suggests that, for LGBT entrepreneurs at least, and perhaps others in their orbit, being “out” is relevant in many ways.

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There have been only a handful of articles, conference and research papers, and chapters written about lesbian, gay, bisexual, and transgender (LGBT) entrepreneurs. In 2005, Syracuse University’s Minet Schindehutte and two coauthors published the largest study ever undertaken until that point of LGB entrepreneurs in the United States. Their data set included responses from more than 300 LGB founding business owners and clearly established that LGB entrepreneurs, when starting their companies, face greater obstacles than their straight counterparts. Being LGB adversely affected their ability to engage suppliers, obtain licenses, market their businesses, hire employees, and access loans from commercial banks. 

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