Author: Julia Molo | UC Berkeley School of Law | J.D. Candidate 2020 | Posted: October 15th, 2018 | Download PDF.
Venture capital (VC) funds play a critical role in determining the tech leaders of tomorrow. As such, closing the “gender investment gap” is one of the most talked about issues in the tech industry. As are the benefits – and unrealized opportunities – that will come from closing the gap. Indeed, report after report has shown that businesses founded by women outperform their male-founded counterparts, growing faster and ultimately delivering higher revenue.
Nonetheless, a staggering gender investment gap persists.
Only 2% of VC funding went to women in 2017. Since 2013, the average male entrepreneur has raised more than four times the funding than his female counterpart. And the numbers are even worse for women of color – a mere .0006% of VC funding has gone to black female founders since 2009. (more…)