{"id":793,"date":"2021-11-10T02:31:00","date_gmt":"2021-11-10T02:31:00","guid":{"rendered":"https:\/\/angelink.com\/blog\/?p=793"},"modified":"2025-03-20T17:53:07","modified_gmt":"2025-03-20T17:53:07","slug":"access-to-capital-for-women-in-business","status":"publish","type":"post","link":"https:\/\/angelink.com\/blog\/access-to-capital-for-women-in-business\/","title":{"rendered":"Access to Capital for Women in Business"},"content":{"rendered":"\n<p>You probably know a woman who runs her own business. Think for a minute.<\/p>\n\n\n\n<p>Okay, got one? Good!<\/p>\n\n\n\n<p>Your aunt, hairdresser, former swim coach, or whoever you\u2019re thinking of, is one of <strong>11.6 million<\/strong> female business owners in the U.S.&nbsp;<\/p>\n\n\n\n<p>And while female business owners are totally crushing it in the open market right now, we believe there should be a heck of a lot more of them. So what\u2019s holding so many women back from starting businesses?&nbsp;<\/p>\n\n\n\n<p><strong>The Big Hurdle for Women in Business<\/strong><\/p>\n\n\n\n<p>Getting money. Yup, it\u2019s that simple.&nbsp;<\/p>\n\n\n\n<p>Printing business cards, renting office space, hiring a website developer, and <em>especially<\/em> keeping the company mini fridge stocked with La Croix, all cost money.&nbsp;<\/p>\n\n\n\n<p>Right when an entrepreneur, male or female, comes up with their BIG IDEA, they have to start thinking of ways to fund it. One of the most common ways for a startup to gain capital (aka $) is through Venture Capitalists (aka people or businesses who invest lots of $ in startups).&nbsp;<\/p>\n\n\n\n<p>The idea is: You walk into a boardroom filled with very important Venture Capitalists, begin your slide deck, bravely pitch your startup, field all their questions, and then wait to see if they\u2019ll hand you a big check. But there\u2019s a catch. (At least for half the population.)<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/angelink.com\/blog\/wp-content\/uploads\/2021\/12\/keren-levand-pm-e64IOYHM-unsplash-1024x683.jpeg\" alt=\"\" class=\"wp-image-794\" srcset=\"https:\/\/angelink.com\/blog\/wp-content\/uploads\/2021\/12\/keren-levand-pm-e64IOYHM-unsplash-1024x683.jpeg 1024w, https:\/\/angelink.com\/blog\/wp-content\/uploads\/2021\/12\/keren-levand-pm-e64IOYHM-unsplash-300x200.jpeg 300w, https:\/\/angelink.com\/blog\/wp-content\/uploads\/2021\/12\/keren-levand-pm-e64IOYHM-unsplash-768x512.jpeg 768w, https:\/\/angelink.com\/blog\/wp-content\/uploads\/2021\/12\/keren-levand-pm-e64IOYHM-unsplash-1536x1024.jpeg 1536w, https:\/\/angelink.com\/blog\/wp-content\/uploads\/2021\/12\/keren-levand-pm-e64IOYHM-unsplash-2048x1365.jpeg 2048w, https:\/\/angelink.com\/blog\/wp-content\/uploads\/2021\/12\/keren-levand-pm-e64IOYHM-unsplash-scaled.jpeg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>On average, women receive less than 3% of all venture capital funding. And when a business that is founded or co-founded by a woman <em>does<\/em> receive VC, it\u2019s <a href=\"https:\/\/timesofe.com\/op-ed-the-real-reason-women-entrepreneurs-struggle-to-raise-funding\/\">less than half<\/a> the amount that businesses founded and co-founded by men receive on average\u2014compare $935,000 to $2.1 million.&nbsp;<\/p>\n\n\n\n<p>&#8230;It\u2019s okay if your blood is boiling a little bit right now. Ours is too, but let\u2019s dive a little deeper.&nbsp;<\/p>\n\n\n\n<p><strong>Why Do Women Receive Less Venture Capital Funding?&nbsp;<\/strong><\/p>\n\n\n\n<p>There are 2 main reasons.&nbsp;<\/p>\n\n\n\n<p>The first comes from a massive gender imbalance among the Venture Capitalists themselves: Over 92% of VCs at the top 100 firms are men! Alongside that, Amanda Pressner Kreuser, the co-founder of Masthead Media and an award winning journalist, <a href=\"https:\/\/www.inc.com\/amanda-pressner-kreuser\/2-reasons-women-still-get-less-than-3-percent-of-vc-funding.html\">writes<\/a>:&nbsp;<\/p>\n\n\n\n<p><em>Research shows that investors tend to back entrepreneurs who have <\/em><a href=\"https:\/\/fundersclub.com\/blog\/2016\/10\/26\/biases-biggest-force-holding-back-startup-investors\/\"><em>similar backgrounds<\/em><\/a><em> to their own, so if a female entrepreneur is pitching to a room of all-male VCs, she&#8217;s already working at a big disadvantage.&nbsp;<\/em><\/p>\n\n\n\n<p>The second main reason comes from some smarties at <a href=\"https:\/\/hbr.org\/2017\/06\/male-and-female-entrepreneurs-get-asked-different-questions-by-vcs-and-it-affects-how-much-funding-they-get\">Harvard Business Review<\/a>. Their research shows that female entrepreneurs are typically asked why it wouldn\u2019t work, while male entrepreneurs are asked how fast their product could scale. #Shook<\/p>\n\n\n\n<p><strong>Where Does AngeLink Come In?<\/strong><\/p>\n\n\n\n<p>Our little blue angel icon may look cute and cuddly, but statistics like these get us fired up!&nbsp;<\/p>\n\n\n\n<p>In fact, our founder, Gerry Poirier, personally witnessed investor bias during her career as a Venture Capitalist, which spanned two decades. Being the only woman in the boardroom most of the time inspired her to launch the first ever female-centric FinTech (Financial Technology) platform: AngeLink, the website you\u2019re on right now!<\/p>\n\n\n\n<p><strong>Want to Help Solve the Problem You Just Read About?&nbsp;<\/strong><\/p>\n\n\n\n<p>AngeLink also hosts an ongoing fundraising campaign that gives starter funds to brilliant, up and coming female entrepreneurs. Want to pitch in? <a href=\"https:\/\/angelink.com\/fundraiser-public\/0306e40b-eaf9-47c4-8dc6-fc7d7ed6c680\">Click here<\/a> to learn more and partner with us!<\/p>\n\n\n\n<p><strong>In Summation<\/strong><\/p>\n\n\n\n<p>Female entrepreneurs are completely disenfranchised. And we simply won\u2019t have it! Because when women rise, we all rise!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/angelink.com\/start-fundraiser\">Start a fundraiser<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>You probably know a woman who runs her own business. Think for a minute. Okay, got one? Good! Your aunt, hairdresser, former swim coach, or whoever you\u2019re thinking of, is one of 11.6 million female business owners in the U.S.&nbsp;&#8230;<\/p>\n","protected":false},"author":2,"featured_media":863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[],"class_list":["post-793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundraising-for"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Access to Capital for Women in Business - AngeLink Blog<\/title>\n<meta name=\"description\" content=\"Wondering why women receive less venture capital funding? 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