Funding Women Founders Barely Budged in 2018
Original Air Date: January 14, 2019
Where to find capital is the number one question heard from founders at almost every stage of entrepreneurship. For that reason, Anne and gillian keep an eye on progress toward gender equity in venture funding and the numbers coming in for 2018 ain’t pretty! TechCrunch reported in November that women led startups received 2.2 percent of funding. If that sounds familiar, it’s because that is the same number as 2017, reported then by PitchBook. No progress. This despite a decade or more of data indicating that diverse teams and women founders outperform the men-only ones, by large margins – by 63 percent more in a well-known report from First Round Capital. Fewer than 10 percent of VC decision makers are women. Fully 74 percent of US VC firms have no women investors -- stunning, considering the volume of voice around this subject this past year. Anne and Gillian discuss what can and must be done to remedy this situation, and increase the flow of capital to diverse founder teams to improve outcomes across the board.