Women founders get less funding than men but make double the revenue

As a woman, sexism isn’t new to me. I’ve encountered many casual sexist jokes and witnessed the infamous gender pay gap that looms over our heads. But, what’s new to me is that sexism even exists in the progressive world of entrepreneurship. A recent study by Boston Consulting Group (BCG) and Mass Challenger, a network of startup accelerators, found that when women applied for investment, they received less funding compared to the average male founder, but made double the revenue. The study examined 350 companies over five years, and it revealed the average female-founded startup received $935,000 in funding. That’s less…

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https://ift.tt/2APzo0l Cara Curtis August 07, 2018 at 09:01AM