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Trump says Harvard's foreign students are from countries paying 'nothing' for their education

President Donald Trump on Sunday criticized foreign countries for paying "nothing" toward the education of their citizens who are attending college at Harvard and other U.S. institutions.

This comes amid the fight between the Trump administration and Harvard for its plans to revoke the university's ability to enroll foreign students.

"Why isn’t Harvard saying that almost 31% of their students are from FOREIGN LANDS, and yet those countries, some not at all friendly to the United States, pay NOTHING toward their student’s education, nor do they ever intend to," Trump wrote early Sunday morning on Truth Social. "Nobody told us that!"

JUDGE TEMPORARILY PAUSES TRUMP MOVE TO CANCEL HARVARD STUDENT VISA POLICY AFTER LAWSUIT

"We want to know who those foreign students are, a reasonable request since we give Harvard BILLIONS OF DOLLARS, but Harvard isn’t exactly forthcoming," he continued. "We want those names and countries. Harvard has $52,000,000, use it, and stop asking for the Federal Government to continue GRANTING money to you!"

On Friday, a judge temporarily blocked the administration from canceling Harvard's student visa program after the university filed a lawsuit against the federal government.

Harvard argued that the policy would affect more than 7,000 visa holders — nearly a quarter of the student body — and that the administration's effort is a "blatant violation of the First Amendment, the Due Process Clause, and the Administrative Procedure Act," according to its court filing.

"It is the latest act by the government in clear retaliation for Harvard exercising its First Amendment rights to reject the government’s demands to control Harvard’s governance, curriculum, and the 'ideology' of its faculty and students," Harvard wrote in its complaint.

FEDERAL JUDGE BLOCKS TRUMP ADMINISTRATION FROM TERMINATING INTERNATIONAL STUDENTS' LEGAL STATUS 

The Department of Homeland Security moved to terminate Harvard's visa program after the university allegedly failed to provide extensive behavioral records of student visa holders the agency had requested.

The records sought include any footage of protest activity involving student visa holders, even if it's not criminal, and the disciplinary records of all student visa holders in the past five years. 

Requested records also include footage or documentation of illegal, dangerous or violent activity by student visa holders, any records of threats or the deprivation of rights of other students or university personnel.

Harvard called the new policy "pernicious" and accused the administration of departing from "decades of settled practice" and coming "without rational explanation." The university also said the policy was "carried out abruptly without any of the robust procedures the government has established to prevent just this type of upheaval to thousands of students’ lives."

At least a dozen Harvard students have had their student visas revoked over campus protest activity. Secretary of State Marco Rubio said before Congress on Tuesday that the administration has probably revoked thousands already and would "proudly" revoke more.

The administration has already frozen close to $3 billion in federal funding to the university, largely dedicated to research, over claims that Harvard has not adequately responded to alleged campus antisemitism in protests and has not moved to eliminate diversity, equity and inclusion practices.

Fox News' Morgan Phillips contributed to this report.

Why can't we let Taylor Swift take a vacation?

Taylor Swift performs "The Man" during the Eras Tour.
Taylor Swift performs "The Man" during the Eras Tour.

Emma McIntyre/TAS24/Getty Images for TAS Rights Management

  • Taylor Swift wrapped her $2 billion Eras Tour last year and is taking a break between album releases.
  • Critics and Swifties alike have questioned her hiatus, fueling work-life balance debates.
  • President Donald Trump even recently said Taylor Swift is "no longer 'hot,'" meaning popular.

Last month, I was browsing a newsstand's magazine selection when the headline on an Us Weekly cover featuring Taylor Swift and Travis Kelce embracing made me laugh out loud: "Why Did They Disappear?"

I sent a photo of the cover to my friend, a fellow Swiftie, with a snarky caption: "No one can take time off anymore without getting pinged."

The explanations for the couple's low profile seemed so obvious: Kelce is a football player in the NFL's offseason, while last year, Swift released her 11th blockbuster album, "The Tortured Poets Department," and wrapped the cross-continental Eras Tour that grossed over $2 billion. One would think that would set her up nicely for a worry-free vacation, even in this economy.

Instead, Swifties are documenting each day that passes without a new Instagram post (163 as of writing) like Tom Hanks carving tally marks in "Cast Away." This week, Swift simply liking a post on TikTok was framed as a major development and "social media comeback." Meanwhile, WNBA star Caitlin Clark — who has publicly hung out with Swift exactly once — was asked to account for the singer's low profile. (Clark replied that Swift and Kelce are in "vacation mode.") Even President Donald Trump got in on the action, proudly suggesting on Truth Social on May 16 that his previous post about hating Swift was the reason she is "no longer HOT."

The point I'd first made as a joke was starting to feel more literal. Could the public's attitude toward Swift and Kelce's brief, deserved retreat from the spotlight be a canary in the coal mine? Is the era of protecting work-life balance already over?

Taylor Swift is famously hard-working — but fans are still demanding more

Taylor Swift and Travis Kelce were featured on the April 14 cover of Us Weekly.
Taylor Swift and Travis Kelce were featured on the April 14 cover of Us Weekly.

Callie Ahlgrim; David Eulitt/Getty Images

In the past few years, corporate workers have proudly extolled the benefits of "quiet quitting," "gentle Fridays," and leaving six-figure tech jobs due to burnout. Meanwhile, Gen Z has led the charge in asserting their right to use allocated vacation and sick days without fear of being perceived as lazy or undedicated.

Swift — a self-described proud millennial, for the record — aligns more closely with the baby-boomer ethos. In a song from her latest album, she sings, "I cry a lot but I am so productive / It's an art." Those are not the words of a woman taking spontaneous mental health days. In fact, Swift is renowned for rarely canceling her concerts as long as she can avoid it, often performing in extreme heat or pouring rain.

One might assume that in 2025, Swifties would celebrate their idol finally taking a break after spending hundreds of hours onstage over the past two years. Instead, speculation about when Swift's next album might arrive intensifies by the day. As many pop-culture update accounts have noted, this is Swift's longest online hiatus since 2017, when she withdrew from the public eye ahead of releasing "Reputation." On April 26, a fan wrote on X, "4 months without the eras tour and taylor is nowhere to be found," paired with a gif of a hospital patient collapsing.

Us Weekly isn't the only publication demanding answers about Swift and Kelce's not-so-mysterious "hiatus." Page Six published the headline, "Why Taylor Swift and Travis Kelce have suddenly disappeared from the limelight." The tabloid is also running live updates about the singer's supposed movements, mostly fueled by anonymous sources and X posts from Taylor Nation, the social media arm of her PR team.

Sure, Swift is a billionaire who has little in common with most Americans. But the thrust of these demands — for output, for accountability, for toothless cooperation with the hand that feeds — feels familiar.

Elon Musk, who led the newly created Department of Government Efficiency for the first three months of Trump's second term, has dominated news cycles with surprise firings, 120-hour workweeks, and mandatory 9 p.m. all-hands meetings. (Musk has said he's still involved with DOGE on a reduced basis.) Tesla employees — and any federal workers who have been caught in Musk's crosshairs — are implicitly required to be logged on and locked in.

Musk isn't alone in this mindset. In recent months, many companies have implemented strict return-to-office mandates and other structural changes that, until recently, would have been criticized as too micro-manage-y.

Under these conditions, with men like Musk and Trump setting the national tone and anxieties about staying employed reaching new highs, it's no wonder why any time spent off the clock feels like a bubble under constant threat of popping — whether by a magazine cover questioning your disappearance or a Saturday email from HR asking for an itemized list of what you accomplished last week.

It's ironic, though, that just last year, Swift was chastised by critics for her hyper-productivity: Releasing a 31-track album in the midst of the Eras Tour led some to decry her business tactics as excessive, greedy, and overdone. Now, after a comparatively brief stretch of laying low and playing it cool, the script has flipped. But after two decades of extreme scrutiny, Swift is well acquainted with this tightrope walk. As she sings to open her 10th studio album, "I'm damned if I do, give a damn what people say."

Read the original article on Business Insider

My family of 5 took an RV trip in New Zealand for a week. We saved money on groceries and free campsites and splurged on sightseeing.

The author and her family in Queenstown standing on a balcony overlooking a body of water.
The author and her family spent over a week in New Zealand traveling in an RV.

Courtesy of Melissa Noble

  • For my 40th birthday, my family and I traveled New Zealand's South Island in an RV.
  • We went for eight nights and had an absolute blast.
  • Though the RV itself was expensive, we found other ways to save money along the way.

With its stunning mountains, picturesque lakes, and star-filled skies, New Zealand's South Island is truly spectacular. My family of five recently traveled there and hit the road in an RV for eight nights to celebrate my 40th birthday and make some epic memories together.

Renting an RV proved to be a popular way to see the island, but it was also a pretty expensive way to travel. However, we did enjoy the convenience of having our accommodation, transport, and cooking facilities all in one.

We spent money on the RV itself

The RV cost us 3572 New Zealand Dollars (with the insurance factored in) for eight nights, about $2115, which is just over NZ$446 a night.

In addition, we paid for powered sites at caravan parks at least every second night so that we could access electricity for the portable heater and refill our water supply. Powered sites ranged in price from NZD$50 to NZD$110.

So, all in all, we spent up to NZ$556 a day on the RV alone, plus what we spent on fuel, which was more expensive than back home in Australia, where we live. The RV company also charged a mileage fee at the end of the trip, which worked out to be about NZD$170.

We didn't mind spending money on certain experiences

You can't go to the South Island and not see those iconic sites it's famous for. We splurged on experiences like boating around the fjords of Milford Sound, venturing into the Te Anau Glowworm Caves, and stargazing in Lake Takapō.

These experiences weren't cheap, especially for a family of five. But I felt like spending the money was totally worth it, because they were experiences we couldn't have elsewhere.

The author and her family hiking Mount Cook while on their trip in New Zealand. Grass and a blue sky and mountains are behind the family of five.
They enjoyed spending time in nature while on their trip.

Courtesy of Melissa Noble

We also shelled out for treats along the way

We have three kids under 10 who love treats, so we definitely indulged on the trip. Often, we'd cook our main meals in the RV to save money, then have a treat out and about.

On our way north, we discovered an award-winning artisan ice cream shop in Arrowtown called Patagonia Chocolates, and on the return leg to Queenstown, we went back for seconds. There was also a quaint store full of treats in Arrowtown, the Remarkable Sweet Shop, and we spent far too much money on sugary delights.

However, we made sure to save by keeping groceries in the RV

We couldn't get over the cost of groceries in the center of Queenstown. It was outlandish compared to Australian prices. When we picked up our RV, I asked our taxi driver where to shop, and he recommended a low-price store called Pak'nSave. The prices were much more in line with our budget, and we stocked up for the week.

The office of the campground where we were staying in Queenstown also had a free community shelf where other travelers had left staples like salt, pepper, coffee, and so forth. We took what we needed and donated our leftover supplies at the end. It was a great system.

Living in an RV with a small fridge meant we had to be smart about our food storage and cooking. I planned out our meals in advance and made sure ingredients could be used in multiple dishes, which also saved money.

The view from an RV window.
The author and her family spent eight nights in an RV.

Courtesy of Melissa Noble

We also entertained ourselves for free in the great outdoors

New Zealand is the perfect place to immerse yourself in nature. A lot of our itinerary was about hikes and wholesome outdoor fun.

Highlights included the walk up Queenstown Hill for panoramic views of the area, watching sunsets on Lake Wakatipu, rock collecting with the kids, and hiking around Aoraki/Mount Cook National Park.

My absolute favorite experience was climbing Roy's Peak, near Wānaka, with my 9-year-old son. It was a challenging hike of roughly 10 miles, but the sweeping views at the top were spectacular.

The author and her son hiking up Roy's Peak in New Zealand.
Hiking up Roy's Peak was a highlight of the trip.

Courtesy of Melissa Noble

We spent some time 'freedom camping'

Because the powered campsites cost up to NZD$110, we also saved money by "freedom camping" whenever we could, which is a kind of camping where you're allowed to stay on public land without paying a fee. However, there are specific rules for camping this way — for example, you must be in a self-contained vehicle with a toilet, wastewater tank, and trash facilities.

My favorite spot we did this was Lake Pukaki. We arrived at night and had the most spectacular view of the Milky Way. Then, we woke up surrounded by snow-covered mountains and a lake glistening in the sunlight. It was absolutely magical.

Overall, I loved the experience of traveling in an RV and would highly recommend it if your budget allows for it. The kids had a ball, and we made lasting memories that we will cherish forever.

Read the original article on Business Insider

8 simple things you can do at the office every day to build good relationships with your boss and coworkers

Two coworkers working together at desk looking at computer.
A few simple actions each day can go a long way towards building and maintaining good working relationships with your colleagues.

fizkes/Getty Images/iStockphoto

  • Daniel Post Senning and Lizzie Post are etiquette experts with the Emily Post Institute.
  • Their book shares eight simple steps you can take every day to build strong relationships at work.
  • "Acknowledgement is probably one of the most impactful daily practices that we can engage with in so many ways," said Post.

Navigating your professional relationships with your coworkers can be complicated.

Did you accidentally say the wrong thing? Overstep a boundary?

The good news is that some of the easiest things you can do to build and sustain solid relationships at work are pretty intuitive, according to Daniel Post Senning and Lizzie Post, etiquette experts with the Emily Post Institute.

"It's remarkable how durable the advice is when you get down to what our expectations are of each other on a very human level," Post Senning told Business Insider.

Their book, "Emily Post's Business Etiquette," went on sale May 20. It includes a list of eight daily office courtesies you can do to build and maintain goodwill with your boss and peers.

Here's the list from the book:

  1. Show up ready for the day or your shift.
  2. Acknowledge others and greet them with a smile.
  3. If you can, make eye contact when speaking with others (for video calls, turn on your camera and face the lens).
  4. Use the magic words in all your interactions, both verbal and digital. (The book lists as magic words: Please, thank you, you're welcome, excuse me, I'm sorry)
  5. Use shared spaces appropriately, never leaving a mess or taking more than your share.
  6. Decline to participate in office gossip.
  7. Offer help to others or check in to see how their work is coming along.
  8. Say goodbye to colleagues on your way out the door for the day.

These are simple "'gimme' social interactions," as Post Senning calls them.

"They cost you nothing, and done well, and repeatedly, they really forge important social bonds," he previously told BI. "They build a sense of connection and trust that is going to carry you through tense meetings, critical feedback, miscommunications, things like that later on."

At the end of the day, these small-but-mighty actions are about acknowledging each other, Post said.

"Acknowledgement is probably one of the most impactful daily practices that we can engage with in so many ways," she told BI. "Whether it's looking up and acknowledging your colleagues with a greeting or a goodbye, or it's acknowledging the work that they do and the participation that you see happening around you that facilitates your own work getting done."

"Emily Post's Business Etiquette" Copyright © 2025 by The Emily Post Institute, Inc. Illustrations copyright © 2025 by Eight Hour Day. All rights reserved. Published in the United States by Ten Speed Press, an imprint of the Crown Publishing Group, a division of Penguin Random House LLC.

Read the original article on Business Insider

At Diddy trial, ex-personal assistants recall smashed whiskey glasses, bags of drugs, and mopping up after freak offs

A court sketch shows Sean "Diddy" Combs holding his hand to his head at his federal sex-trafficking and racketeering trial in Manhattan as one of his former personal assistants testifies against him.
-Sean "Diddy" Combs listening at his Manhattan sex-trafficking and racketeering trial as one of his former personal assistants testifies against him.

Jane Rosenberg/REUTERS

  • A 3rd ex-personal assistant will testify on Tuesday, when Sean Combs' sex-trafficking trial resumes.
  • Ex-PAs have described heartrending instances of violence and coercion involving Combs' girlfriends.
  • They've also described cleaning up after "freak offs" — and what Combs kept in his cosmetics bag.

Sean "Diddy" Combs was not an easy boss, frightening away or burning out a small army of personal assistants over the decades.

At his sex-trafficking and racketeering trial in Manhattan, these ex-assistants are coming back to haunt him from the witness stand.

So far, two former personal assistants have been called to testify by prosecutors. (A third, Capricorn Clark, is scheduled for Tuesday)

They told the jury that working as Combs' PA meant turning a blind eye to harrowing violence while meticulously managing every detail of his life, including making sure his toiletries all faced the same way and keeping his hotel suite stocked with applesauce, jello, and Fiji water.

Even on good days, the pay was low, the days were long, and the workweek could stretch 100 hours long, the two former PAs told jurors. Complaining was frowned on — "What rhymes with tired?" went a joke among the staff. The answer? "Fired."

But on the worst days, they testified, they were drawn into a world of chaos and illegality. Both described purchasing drugs for Combs or his friends.

A photo composite of Suge Knight and Diddy
Suge Knight and Diddy nearly had a gun fight in 2008, according to testimony from a personal assistant.

Robert Mora/Getty Images and George Napolitano/FilmMagic

Good days and rap wars

Former PA David James recounted chauffeuring Combs to a narrowly averted gunfight with rival record executive Suge Knight.

James said he realized he may die that night, at the wheel of his boss's car, in the parking lot of an all-night Los Angeles diner.

Combs sat behind him in the black Escalade with three guns in his lap, James remembered on the stand. "Mother fucking drive," he said Combs ordered as they set out.

The two PAs also described heartrending scenes of violence.

Ex-PA George Kaplan remembered the time in 2015 when he heard Combs' longtime girlfriend, Cassie Ventura, screaming in the bedroom of Combs' private jet.

"Isn't anybody seeing this?" she cried, accompanied by the sound of crashing glassware.

Kaplan told jurors that he turned in his seat and saw the rap mogul standing over a cowering Ventura while holding aloft a whisky rocks glass.

Sean "Diddy" Combs' former personal assistant George Kaplan leaves the federal courthouse in Manhattan where the rap mogul is on trial.
Sean "Diddy" Combs' former personal assistant George Kaplan leaves the federal courthouse in Manhattan where he testified at the rap mogul's sex-trafficking and racketeering trial.

Brendan McDermid/REUTERS

No one on the jet — the Gulfstream was crowded with Combs' security guards and assistants — interceded or checked on Ventura afterward, he said.

Everyone turned away, Kaplan said, as the sound of more screams, more shattering glass, filled the cabin.

Many empty bottles

The two personal assistants also described Combs' many peccadillos — and the many, many physical messes he left behind.

Kaplan told jurors on Wednesday that he was tasked with cleaning up whatever Combs left behind at luxury hotel suites in Miami, New York, and Los Angeles.

The jury has heard two weeks of testimony alleging that these hotel suites were crime scenes.

Ventura, the star prosecution witness, told jurors during the first week of testimony that throughout their decadelong relationship, Combs used violence and threats to force her to perform sex acts with male escorts, most typically at hotels.

Combs has pleaded not guilty to all charges and denied all accusations of sexual abuse. He has insisted since his arrest that he engaged only in consensual sex with his accusers, who he has alleged have a financial incentive to implicate him

A courtroom sketch from the Sean "Diddy" Combs sex-trafficking and racketeering trial shows bottles of baby oil that were seized as evidence .
A courtroom sketch from the Sean "Diddy" Combs sex-trafficking and racketeering trial shows bottles of baby oil that were seized as evidence from Combs' Miami mansion.

Jane Rosenberg/REUTERS

"Lots of empty bottles, empty Gatorade bottles, empty liquor bottles, and often baby oil," Kaplan testified, describing the items he said he "tidied" at such hotels as the Trump International in Manhattan and the Hotel Bel-Air in LA.

Combs was a fastidious boss who liked things just so and threatened to fire him monthly during the year he worked for him, which was between 2014 and 2015, Kaplan said.

"Available, facing forward, and ready for use," he told jurors, describing how Combs expected to find the toothpaste, toiletries, and medications on his bathroom counter each morning.

Asked how often Combs would threaten to fire him from the $125,000-a-year job, Kaplan answered, "maybe monthly."

Sean "Diddy" Combs' former personal assistant, David James, outside federal court in Manhattan, where he testified at the rap mogul's sex-trafficking and racketeering trial.
Sean "Diddy" Combs' former personal assistant, David James, outside federal court in Manhattan, where he testified at the rap mogul's sex-trafficking and racketeering trial.

John Lamparski/Getty Images

Mr. Combs' kingdom

The second ex-PA, David James, described his own harrowing tenure as Combs right-hand man between May 2007 and May 2008.

"This is Mr. Combs' kingdom," James said head of HR told him during his interview, gesturing toward a portrait of the rapper on the wall of his Manhattan headquarters.

"We're all here to serve it," James said she told him.

He said his starting salary was $70,000.

"There were times I worked three weeks straight," he said.

"Advancing a hotel room" was a frequent assignment, James said. That meant making sure it was stocked with Combs' favorite items, from clothing changes to "applesauce, jello, and Fiji water."

Combs' cosmetic bag went everywhere he went, and held some 40 different products, James said.

"Everything from ointments to a razor," he testified.

"He had Just For Men in there," he added, referring to the men's hair color brand. Since his arrest nine months ago, Combs' hair has turned mostly gray.

A separate "medicine bag" likewise went everywhere Combs traveled.

"There were probably 25 to 30 different pillboxes or pill bottles," James said. "Some were like Advil, Tylenol. He had water pills to help him lose weight. He had Viagra in there. He had some pills that helped increase his sperm count, for example."

Asked if there were any other sorts of pills, James said, "He did have ecstasy and Percocets in there, as well."

Combs took Percocets, a prescription opioid painkiller, "throughout the day," James said.

The rapper would switch at night to taking ecstasy, the PA told jurors, referring to the psychedelic stimulant also known as MDMA. One of Combs' preferred ecstasy pills was stamped with the image of Barack Obama's face, James testified.

Sean "Diddy" Combs mother, center, and four of his children arrive at his sex-trafficking and racketeering trial in Manhattan.
Sean "Diddy" Combs mother, center, and four of his children arriving at his sex-trafficking and racketeering trial in Manhattan.

Jeenah Moon/REUTERS

"Diddy bopping" at the party

Once, at a New Year's Eve party thrown by Combs, James, who'd already been hitting the Ciroc vodka hard, went into Combs' med bag and popped an ecstasy pill, after which he was "feeling pretty good," he told the jury.

"Normally, I'm very straightedge, don't normally have too much emotion, but this night I was, like dancing — they said I was Diddy bopping all around the party."

"Diddy bopping" was left to the jurors' imagination.

A few days later, Combs called him into his office. He was "reviewing footage from the party," James said.

"Yo, playboy," James said Combs told him. "Is that you dancing around the party?"

"Yes, sir," James answered. "And he kind of nodded his head and he said, 'OK, I want to keep this footage in case I ever need it.'"

"It was so out of character for me that he thought it would be embarrassing if he released the footage of me to the public," James told the jury.

Prosecutors say Combs controlled Ventura by threatening to publicly release explicit sex videos.

Sean "Diddy" Combs and Cassie Ventura
Sean "Diddy" Combs watches as his former girlfriend, star prosecution witness Cassie Ventura, testifies against him.

Christine Cornell

First thing Tuesday, Capricorn Clark is set to be Combs' third former personal assistant to testify against him, kicking off week three of the government's case.

Federal prosecutors will ask her about a break-in at rapper Kid Cudi's Hollywood Hills home in 2011 — the one where his Christmas gifts were unwrapped and rifled through and his dog was left shut in the bathroom.

Clark was there and called to warn Kid Cudi, whose real name is Scott Mescudi, that a jealousy-enraged Combs was inside the house, according to the rapper, who testified Thursday.

Clark may also describe Combs forcing her to take a lie detector test after she was robbed while carrying what another ex-assistant described to the jury as the rap tycoon's "jewelry suitcase or briefcase, if you will."

The heisted jewels were replaced by cubic zirconium replicas, that assistant dished from the stand last week.

A court sketch shows Sean "Diddy" Combs' former personal assistant, David James, testifying at the rap executive's Manhattan sex-trafficking and racketeering trial.
Sean "Diddy" Combs' former personal assistant, David James, testifying at the rap executive's Manhattan sex-trafficking and racketeering trial.

Jane Rosenberg/REUTERS

She couldn't get out

Perhaps James' most significant testimony came he described something Ventura once said as they stood together smoking cigarettes one night on a dock outside Combs' Miami estate.

Ventura was then 21 or 22, and in the early months of her 11-year, on-and-off relationship with Combs. James was in his 20s as well.

As they commiserated about what they agreed was their crazy lifestyle of long hours and jetting city to city, James asked Ventura why she didn't simply leave.

"I can't get out," he testified that Ventura told him.

"Mr. Combs oversees so much of my life," she said, according to James' testimony last week. "He controls my music career, he pays for my apartment, he gives me an allowance."

James told the jury he believed her. "I just didn't think that she could easily leave," he said.

Read the original article on Business Insider

A 29-year-old entrepreneur's side hustle brought in $40 million in a year. Now she wants to help other 'uninvestable' women.

Daniella Pierson headshot Newsette
Daniella Pierson started The Newsette newsletter as a sophomore in college.

Daniella Pierson

  • Daniella Pierson is launching CHASM to help women secure venture capital funding.
  • Pierson said she was laughed out of meetings with VCs when pitching her newsletter called The Newsette.
  • She built a multimillion-dollar business anyway, and wants to help other women do the same.

Before building her multimillion-dollar business, Daniella Pierson said she was "the poster child" for "do not invest in."

Now, she aims to help other "uninvestable" women secure financing for their ideas with her new organization, CHASM, where she wants to help close the gender gap in VC funding.

"I had zero investment, not because I didn't want it. I wanted it very badly," Pierson told Business Insider. "I went to dozens of VCs, and I was rejected, rejected, rejected, laughed out of every room."

One "household name" told Pierson she spoke too much and too quickly, and didn't know what she was talking about: "I cried the whole Uber home."

Despite the setbacks, Pierson made a name for herself with her newsletter, The Newsette, which she founded in 2015 during her sophomore year at Boston University.

Until graduation, she would write the entire newsletter between 6 and 10 a.m., covering the latest news in beauty, fashion, and business, before rushing to classes. Then she'd work on it in the evenings and weekends too.

"Even after we made a million dollars, I still wrote it," Pierson said. "I didn't have fancy VC money to fall back on."

In 2021, The Newsette had a team of 14 and brought in revenues of $40 million in one year and made a profit in the tens of millions. The following year Pierson launched another newsletter, Wondermind, cofounded with Selena Gomez and the actor's mother, Mandy Teefey.

That year, Forbes named Pierson the world's youngest, wealthiest self-made woman of color.

Numerous barriers

It took Pierson more than five years of hard work to become successful beyond her "wildest dreams."

Pierson said she grew up as "the dumb twin — that's not a nickname I gave to myself. That's something my lovely teachers and peers called me in public to my face."

She faced numerous barriers and challenges as a female entrepreneur. She failed her business project at college and was almost kicked out a semester before graduation. She was diagnosed with OCD when she was 14, and also lives with ADHD, depression, and anxiety.

Pierson doesn't want it to be this hard for other women like her.

The amount of funding all-women teams receive is low. In 2022, they accounted for 2.1% ($5.1 billion), BI previously reported. In 2023, it dropped to 1.8% ($3.1 billion).

"That made me really mad," Pierson said. "So I was like, what am I going to do? I'm going to close the gender gap."

Daniella Pierson CHASM
Daniella Pierson launched CHASM to help close the gender funding gap.

CHASM

CHASM, which launched on May 20, has a "mentor-to-many" business model. Fifty high-profile entrepreneurs and investors, both men and women, pay a $25,000 membership fee to help aspiring female entrepreneurs from pitch to exit, offering insights, networking opportunities, and grants.

Pierson said she wanted to provide women the tools, knowledge, and connections they need to thrive as entrepreneurs without facing the same roadblocks that she did.

Wider gap

Pierson said women start out "50 feet below the playing field" when launching a business. She believes men are part of the solution.

"The gap has opened wider because we're isolating men," Pierson said."That could be a controversial statement, but I don't think it is, because guess what? If 99.999% of the money, power, wealth, all of that belongs to men, we need some of them on our side."

Pierson said she doesn't want to "just throw money at the problem."

"I'd rather teach a woman how to fish than just give her a fish," she said. "I want to put them in the best position for success by giving them the ultimate Bible of everything."

Some members already signed up for CHASM include Sara Blakely, the founder of Spanx and Sneex; singer Lionel Richie; Fidji Simo, the CEO and chair of Instacart who is joining OpenAI later this year; and Tony Robbins, a motivational speaker and coach.

"This is putting my heart and soul, and my time, where my values are, and I hope people really use this to become the most successful versions of themselves, no matter what industry they're in," Pierson said. "If I can do it, anyone can."

Read the original article on Business Insider

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