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Don’t mix business with friendship?
Pretty Young Professional was founded by four colleagues at McKinsey, a
global consultancy firm, who noticed the lack of resources for young
women in the world of entrepreneurship. It had a simple vision, to
provide a weekly newsletter and cultivate a community for young female
entrepreneurs. All four were co-workers, friends even, who shared a
similar passion and vision. A meeting was held; positions and equity
were decided amongst themselves and written on a notepad. And that’s
when the trouble began.
It came down to some pretty fundamental differences of opinion around
where the business should be heading. They naively assumed that if they
kicked the can down the road on some of those things, they’d be able to
sort them out. Despite the years they’ve shared together and the many
years of in-jokes they have, conventional wisdom dictates that it’s a bad
idea to mix business with friends.
