Daniella Pierson, who founded women-focused newsletter company The Newsette when she was 19, is now one of the wealthiest women of color in the U.S. And, at age 27, she's younger than just about any self-made female entrepreneur with a nine figure fortune.
She's worth a jaw-dropping $220 million, and this is largely from bootstrapping her media company. Pierson, who turned 27 just last week, is ten months younger than Lucy Guo, the richest under 30 BIPOC woman on Forbes' 2022 list of America's Richest Self-Made Women.
A Latinx founder, Pierson built The Newsette from nothing to $40 million in revenues and profits of at least $10 million last year, she says. Two weeks ago she sold a small stake in The Newsette to an investor in a transaction that values the company at $200 million. It's the first outside money she's taken (besides a $15,000 loan from her parents, which she repaid), and she remains the company's majority shareholder. She also cofounded mental health media company Wondermind with Selena Gomez and Mandy Teefey (Gomez's mother), which just nabbed a $100 million valuation.
Read the full story on how Pierson became a $220 million woman here.
There's no business like show business. And these days much of the business leans on cutting-edge technology and special effects to create worlds and visuals unimaginable to audiences just a few years back.
But behind the scenes, show business can be shockingly analog. While on crew for Disney's hit The Mandalorian Greg Kufera and Herman Phillips were surprised how the high-tech, sci-fi production was organized by a back office straight out of Office Space. Workers even had to fill out carbon copy timesheets in order to get paid. This inspired the two to start Cinapse as an alternative. "There's a stark contrast between the magical advanced technology that's being used for what's on camera and how managing labor and operations is still done on paper. It was a very apparent problem that we decided we need to address," says Cinapse COO Phillips.
Both founders made it on our Forbes 2022 30 Under 30 list after rolling out their Cinapse software which has raised $2.5 million to bring workflow for film and television production to the 21st century. Most recently, the film tech startup announced that Emmy award-winning actor Neil Patrick Harris had invested and will be joining its advisory board. "Making a film or television show takes a village, so it's important for us to have representatives from each facet of production involved in our decision making," says CEO Kufera. "This industry, on one hand really channels the passion of everybody in it, which makes it beautiful, but on the other hand, people work really hard and what we're trying to do is enable those passions."