Godaddy Inc Stock Price, News & Analysis

GoDaddy celebrates the accomplishments of its female leaders, Laura Messerschmitt and Tamara Oppen, who are breaking barriers in the tech industry.

Ahead of International Women's Day, they share insights on overcoming challenges in business and promoting diversity. Despite women representing less than a third of the workforce in large tech firms, GoDaddy's leadership team was a third female by 2021.

With initiatives focusing on diversity and pay parity, GoDaddy aims to create equitable opportunities. The company emphasizes the importance of launching ideas early, regardless of perfection, to understand market needs better.

GoDaddy reveals a significant shift in the gender dynamics of British microbusiness founders, with 46% female and 53% male in the last year, compared to 38% female and 60% male previously. The rise is attributed to flexible working and the normalization of remote work.

However, challenges persist for female entrepreneurs: 82% take on domestic chores while 44% cite childcare costs as barriers. Despite these hurdles, 72% of female founders launched their businesses for under £1,000, indicating resilience in the face of obstacles.

GoDaddy released new findings from its Venture Forward initiative, revealing over 5.27 million Americans started microbusinesses since the pandemic began. The report highlights a 42% surge in new business creation in the U.S. since 2019, with increased diversity among entrepreneurs. To support this trend, GoDaddy launched an entrepreneurial Learning Series in New York, featuring influential speakers and practical advice on online and branding strategies. The series included sessions by successful entrepreneurs discussing key aspects of building and marketing their digital businesses, aiming to empower the next generation of business owners.

GoDaddy recently highlighted its corporate sustainability initiatives through a podcast featuring employee Ebony. Celebrating her ten-year anniversary, Ebony shared her career journey from inbound sales to corporate sustainability, emphasizing the importance of mentorship and self-advocacy. Since 2017, GoDaddy's Empower program has supported over 5,000 entrepreneurs globally, aiding their growth through webinars and coaching. The program aims to double its impact this year, underscoring GoDaddy's commitment to inclusive entrepreneurship. Employees are encouraged to volunteer and support the initiative, reinforcing GoDaddy's social responsibility in the entrepreneurial ecosystem.

GoDaddy has launched the 5-9 series, highlighting employee work-life balance. The series focuses on how the company's culture supports flexibility and personal well-being. In a recent feature, Executive Recruiter Mel Saettone shares insights on balancing work with personal life through unlimited flexible time off (FTO). This initiative reflects GoDaddy's commitment to employee happiness, which positively impacts productivity. Saettone enjoys outdoor activities and sports, emphasizing the importance of recharging after work. This series aims to provide a glimpse into the company's supportive environment and culture.

GoDaddy's recent findings highlight a significant rise in women-led startups, reporting a 26% increase in female entrepreneurship since the pandemic. Women now represent 59.6% of new businesses, up from 47.3% pre-2020. Notably, Black women are the fastest-growing segment, accounting for 21.5% of new businesses. Despite these advancements, challenges such as marketing and digital presence remain prevalent. To address this, GoDaddy launched Empower by GoDaddy, which supports underserved entrepreneurs through training and resources. Program graduates shared insights emphasizing resilience, community support, and maintaining a digital presence as essential elements for success.

GoDaddy and Worldpay from FIS have introduced Commerce 360, an all-in-one omnichannel solution aimed at simplifying sales for small retail businesses, both online and offline. This partnership combines GoDaddy's user-friendly business tools with the expertise of Worldpay, the largest payment acquirer. Commerce 360 enables small businesses to accept payments across various channels, including online marketplaces and social media, while providing a custom website and merchant dashboard for easy management. The goal is to empower smaller enterprises with the latest technology to enhance customer experiences.