How This businessupdates.org Went Global Without VC Funding

by Ana Lopez

Cate Luzio is the founder and CEO of star, a global professional education and networking platform focused on women across all professional pathways. “We are gender inclusive and our goal is to advance women in the workforce, regardless of that professional trajectory.” That includes women in transition, women in entrepreneurship, women climbing the traditional corporate ladder, or women in government and nonprofit organizations, she says. “We are creating education, learning and development, as well as connections and community to support those journeys.”

When it came time to launch Luminary, Luzio decided to self-fund. She built a successful career in corporate investment banking, saving money for over 20 years and determined to take control of her own destiny. “I had the privilege of self-funding the company, and I know not everyone has that privilege; but I think you have to think long and hard about how you are going to build, grow and scale. The road to investors and outside capital is not just one way. There are many financial tools that can help a small business owner grow.”

Luzio sat down Jessica Ab to talk about who should consider self-financing and the three things women need to build a sustainable and profitable business. Watch the video above for the full interview.

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