Sallie Krawcheck isn’t your typical startup founder. For one thing, she was the president of Global Wealth and Investment Management at Bank of America.
And the CFO of Citigroup.
And the CEO of Smith Barney and Sanford Bernstein before that.
In fact, Krawcheck, who remains highly regarded on Wall Street, could have remained part of the banking establishment. Instead, after being let go from Bank of America after current CEO Brian Moynihan took the top job, Krawcheck decided instead to switch gears and work for herself.
She first bought Ellevate, a global network with tens of thousands of members that promotes women as business leaders.
It wasn’t as easy a transition as she might have imagined. In fact, last year, she called her high-powered banking positions a “breeze” compared with running a company.
Never one to shy from a challenge, however, Krawcheck has gone a step further, founding her own startup for the first time: Ellevest.
The still-in-beta investment platform for women raised $10 million in Series A funding last fall, including from the investment research firm Morningstar; Mohamed El-Erian, the chief economic adviser at Allianz; and Mastercard CEO Ajay Banga, among others.
Krawcheck hasn’t shared many more details. Expect that to change on stage at our upcoming Disrupt show in New York in May, when she’ll sit down with TechCrunch for a one-on-one interview.
We’re thrilled that Krawcheck is joining us. We’re also incredibly eager to talk with her more broadly about the new and different challenges and rewards she’s experiencing as the founder of one of New York’s newest financial startups — and whether she thinks she can disrupt some of her former employers in the process.
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