“VCs need to actually stick to their commitments of diversifying their portfolios” because “the reality is that it's not happening.”
Venture capitalists (VCs) are leaving “billions of dollars on the table behind by not funding women-led startups,” Allyson Kapin, Founder of Women Who Tech, recently told The First Trade.
Last year, women-led startups received 2.2% of $130 billion in VC funding, according to data collected from PitchBook. That percentage has stalled since 2017.
About 86 to 90% of investor money worldwide is going to startups founded by men, according to Crunchbase.
“The investor community needs to come in. They need to start funding women-led startups,” Kapin said. “In the last two years, we have seen all of the major VCs come out and admit that this is a problem that they are having a pipeline issue. And they have made all sorts of pledges, diversity pledges, that they were going to start increasing their diversity in their portfolios. But we are not seeing that.”
finance.yahoo.com
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