Let's discuss this topic for this week's #GEMChats on #entrepreneurs and #entrepreneurship.
This week's topic is #Venture #Capitals and what is funding like for #womenentrepreneurs!
Please follow us, RT, reply and Like our #thread to discuss this topic.
This week's topic is #Venture #Capitals and what is funding like for #womenentrepreneurs!
Please follow us, RT, reply and Like our #thread to discuss this topic.
In June 2017, @HarvardBiz published an article questioning the discrepancy in VC funding for #entrepreneurs of different genders.
In the US, #female entrepreneurs own 38% of the businesses in the country yet receive only about 2% of all venture funding in the whole country!
In the US, #female entrepreneurs own 38% of the businesses in the country yet receive only about 2% of all venture funding in the whole country!
Some of you answered the poll that the reason for this phenomenon is that there is a lack of female VCs.
The #data however speaks otherwise; the number of female VCs has increased to 7% from 3% in 2014 and yet the funding gap has only increased.
Why does this happen?
The #data however speaks otherwise; the number of female VCs has increased to 7% from 3% in 2014 and yet the funding gap has only increased.
Why does this happen?
68% of you answered that the investors' perception is the reason.
The HBR report found that VCs approach and question male #entrepreneurs and #female entrepreneurs differently. They tend to use a promotion-based approach for males and a prevention-based approach for females.
The HBR report found that VCs approach and question male #entrepreneurs and #female entrepreneurs differently. They tend to use a promotion-based approach for males and a prevention-based approach for females.
This in turn correlates with the amount of funding the entrepreneur receives. The prevention-based approach for female entrepreneurs tend to lead to a decrease in the amount of funding they receive.
However, that is not the only factor and things work differently outside the US!
However, that is not the only factor and things work differently outside the US!
VCs tend to be males, #womenentrepreneurs tend to venture into startups that are not necessarily in the tech-industry.
Thus there is an emotional disconnect. @KatherineAHays (sic) believes her startup @vivoom would have been more appealing to VCs had she been a 21 year old male.
Thus there is an emotional disconnect. @KatherineAHays (sic) believes her startup @vivoom would have been more appealing to VCs had she been a 21 year old male.
Not only that, #womenentrepreneurs tend to not seek venture funding. In a survey by Kauffman Foundation of nearly 350 female tech #startup leaders, 80% used personal savings as their top source of #funding in starting a new #business.
So what gives?
So what gives?
Things look much brighter in #France.
Station F, the world's biggest startup incubator even has femmes (woman) as one of the Fs in its name.
About 20% of Kima Ventures', a French VC, current portfolio is in female-led startups and is set to increase up to 25%!
Station F, the world's biggest startup incubator even has femmes (woman) as one of the Fs in its name.
About 20% of Kima Ventures', a French VC, current portfolio is in female-led startups and is set to increase up to 25%!
While this funding gap hasn't been a norm in #Malaysia, women entrepreneurs or usahawan wanita can look to further their #entrepreneurship talent through other forms of business funding!
Here are 6 ways to do so: allianz.com.my/6-programmes-t…
Here are 6 ways to do so: allianz.com.my/6-programmes-t…
If you are an aspiring #womenentrepreneur and want to read on successful women in the local #entrepreneurship scene, read up at GEM Magazine:
gem-magazine.com/connecting-the…
gem-magazine.com/connecting-the…
Women being an uncommon sight in the #Malaysian #tech #startup field has never stopped Ai Ching from Piktograph.
Read more: gem-magazine.com/redesigning-gr…
Read more: gem-magazine.com/redesigning-gr…
That's a wrap for our this week's #GEMChats.
Sources for this thread:
hbr.org/2017/06/male-a…
fortune.com/2017/03/13/fem…
forbes.com/feature/france…
fastcompany.com/40482640/vive-…
knowledge.wharton.upenn.edu/article/vcs-ar…
unroll please @threadreaderapp
Sources for this thread:
hbr.org/2017/06/male-a…
fortune.com/2017/03/13/fem…
forbes.com/feature/france…
fastcompany.com/40482640/vive-…
knowledge.wharton.upenn.edu/article/vcs-ar…
unroll please @threadreaderapp
