Sheila Lirio Marcelo, a Filipino-American entrepreneur, has left an indelible mark on the tech industry through her groundbreaking ventures and unwavering commitment to education and caregiving. Her journey from the Philippines to becoming a Harvard-educated business leader showcases her resilience and passion for innovation.
Raised in a family deeply rooted in entrepreneurship, Marcelo's upbringing in the Philippines exposed her to various industries, including coconut mills, mango and banana farms, transportation, and coal extraction. This early exposure instilled in her a profound understanding of the value of hard work and the significance of small details in the world of business.
While her parents encouraged her to pursue law school, Marcelo charted her own path. Despite being accepted into Harvard Law School, she deferred, opting instead for a role in litigation consulting. It was here that she discovered her true calling lay in the intersection of technology and business, leading her to embark on a transformative journey.
In 1995, Marcelo earned acceptance into Harvard Business School for a combined JD/MBA program. Her unique situation, balancing family responsibilities with rigorous academic pursuits, set her apart. Graduating magna cum laude in economics from Mt. Holyoke College and receiving both her MBA and JD with honors and the Dean's Award from Harvard University, Marcelo's dedication and intellect shone brightly.
In 2006, Marcelo's entrepreneurial spirit found a nurturing home at Matrix Partners, where she spent six months as an entrepreneur-in-residence. This pivotal period provided her with the mentorship and environment she needed to cultivate her startup ideas.
Out of her own challenges as a working mother, Care.com was born in 2006. It stands as the largest online marketplace for child, pet, and geriatric care, connecting over 35 million users across 20 countries. Marcelo's visionary leadership guided the company through an IPO, making her one of 22 women to start and oversee such a milestone.
Her accolades are a testament to her impact. Named one of the top 40 entrepreneurs under 40 by the Boston Business Journal (2009) and recognized as one of the 10 most powerful women entrepreneurs by Fortune Magazine (2009), Marcelo's influence reverberates through the tech community. Additionally, she received the prestigious Filipino Heritage Award, or Pamana ng Pilipino, in 2014 from President Benigno Aquino III for her professional excellence.
Beyond her business ventures, Marcelo's dedication to education continues to shine through Proof of Learn, an education platform that leverages blockchain technology to make education accessible worldwide. As the CEO and a partner at New Enterprise Associates, Marcelo is at the forefront of shaping the future of technological education.
Marcelo's story is a testament to the power of determination, innovation, and a relentless pursuit of one's passion. Her impact on the tech industry and commitment to education will continue to inspire generations to come.