People can never Put words on the ground to explain what is happening to women and minorities in mediation. Are such founders neglected or not wanted? Low estimate And What is not represented? Abandoned? Did they discriminate? Or is it simply ignored?
The justifications used to justify these sobriquets are equally scattered. Because women only build beauty and wellness companies, they received only 1.9% of the total capital financing last year. There is a lack of proven experience; It’s too early, they’re too dangerous, and there’s a pipeline problem. Maybe she’s married, has a family, and left the business.
And black founders raised 1% of venture funds because there is not enough noise among them; They are a minority of the population and therefore deserve less money. Their products and markets touch something only their community can relate to; There is not enough traction, you are not qualified; or as A Twitter user “Male, pale, and not from Yale,” they wrote.
Ah, yes, that explains it all. Women are very sensitive to managing companies. A female founder told TechCrunch that she heard an investor say they wouldn’t invest in a company founded by women because she “made them angry.”
Men, on the contrary, are not annoying. They are qualified and competent, and as we all know, sexism and racial discrimination He rested After the civil rights and third wave feminist movements. Since then, decisions about people of color and women have been based solely on numbers and verifiable facts. It’s obvious.
You can’t support women in technology without supporting mothers. Suelin Chen, founder
In fact, investor fact-based due diligence often reveals that women-founded companies are more profitable than men. The rest of the data on bias in the venture industry is so sketchy that it’s hard to call much of it. Without transparency, it’s hard to know exactly how many people of color and women are calling out, making it difficult to assess how disproportionately funding these groups is. There is, however, a way to identify some common misconceptions.
For one, women (especially black women) are more likely than men to start businesses (and go on to start companies at a higher rate), meaning that the idea that there aren’t enough women to invest is simply untrue.
