Wednesday, July 4, 2012

WOMEN | They Start More Firms But Get 1/9 of the $

Amanda Steinberg advises women on their finances through NY-based Daily Worth, which has attracted venture-capital funding. She has commented on the following facts reported by  Crains New York:
- women start companies at twice the rate of men, but
- they own about one-third of US small businesses, and
- receive just 11 percent of VC funding.

Her take is that - VCs don't like to fund "lifestyle" startups that women tend to favor, and - taking on a startup requires a commitment to the business that may interfere with the desire of many women today to have control over their non-work hours.  My source for this is the latest NYTECH Newsletter, referencing