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This Billionaire Investor Is Teaching His Girls To Be Titans, Not Princesses

The Huffington Post The Huffington Post 30/10/2015 Emily Peck
ATHENA IMAGE © Megan Mack via Getty Images ATHENA IMAGE

At my house in the morning, we eat some Rice Krispies and drink coffee at the table with the kids, pack lunches, hurriedly brush teeth, race off to school.

At billionaire Chris Sacca's house, his very young kids check the stock market.

The well-known venture capitalist, whose early bets on Twitter and Uber have made him a lot of money, is trying to teach his three girls about money and business, he tells Mashable in an extensive interview.

"I think we live in a culture that doesn't raise girls with financial literacy," Sacca tells journalists Seth Fiegerman and Heidi Moore. "We don't treat our girls as potential business leaders." 

The interview offers an important reminder that girls need to move beyond the princess fantasies that you find in the toy aisle. And Sacca's comments are particularly poignant given that the tech world in which he operates is largely dominated by men. "There is a hesitation to back women in our industry," he tells Fiegerman and Moore.  

Only 6 percent of partners at venture capital firms are women, according to a widely cited survey. The percentage of women working at the biggest tech companies is pretty terrible -- including at Twitter. And the company still has only one woman on its board.

Sacca says he wants his three girls -- ages 3, 2 and six weeks -- to get a different message. Which is why in the morning they're checking stock prices.

He tells Mashable:

"I ask my little girls what’s going on. 'What do you see, green or red? What’s green mean: making money. What’s our favorite stock?' They look down at Twitter. 'Oh we’re losing money!' So what should we do about that? What should the people at Twitter [do]? 'Work harder and smarter!' " 

Looks like they're already pretty clever:

The lessons don't end there. At night, Sacca says, he lets the girls practice their negotiating skills when deciding how many books he'll read to them. 

"They start at 10 or a million. I propose one. We go back and forth," he says. "I want them to build these skills. It’s something where we just culturally under-invested."

Negotiation skills will definitely help his girls once they head out into the business world, but that's only one part of it.

A body of research into the pay gap between men and women shows that one reason women don't fare as well in salary negotiations is because of preconceived stereotypes that women need to be nice. 

Let's hope his girls don't have to worry about any of that.

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