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
Early alerts on longer-term business, economic and public policy issues. Successor to the web site www.cityeconomist.com. Maintained by John Tepper Marlin.
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