Women-owned businesses receive a small fraction of the billions of dollars of venture capital funding that is in invested each year in American start-ups – but that's beginning to change as female-led companies attract big money in a handful of U.S. cities, according to a new report.
Venture capital is the coveted financing provided by private firms and funds to invest in early-stage development of new companies, often in the tech field.
A slim 16 percent of venture capital funding went to start-ups with at least one female founder in 2017, the most recent year for which data was available.
Companies with all-female founders fared even worse, with just 2.5 percent receiving venture capital to get their dream businesses off the ground, according to a report by the Brookings Institution.
The map illustrates the five best (in blue) and five worst (in orange) cities for women-founded start-ups to win venture capital investments. Source: Brookings Institution
The report focuses on businesses that are on their first-round venture capital funding – because that provides insight into the pipeline of companies that are at the earliest stage of 'starting up.'
Women make up 47 percent of the workforce, 36 percent of business owners and are 30 percent of the workers in the high tech field, yet venture capital is a glass ceiling that remains tough to shatter, said Ian Hathaway, author of the report and senior fellow at Brookings.
However, things are improving: the share of female-founded start-ups has grown from 7 percent in 2005 to 21 percent in 2017, according to Brookings.
'The number of female-founded venture-backed start-ups has increased dramatically over time—from 1,036 in 2005 to a peak of 3,490 in 2014, before tailing off to 2,704 in 2017,' Hathaway wrote.
And some cities are becoming unofficial hubs for female entrepreneurs who are just starting out.
The San Jose metropolitan area is not among them - Silicon Valley hub comes in below the national average with just 12 percent of venture capital going to women-led start-ups.
Instead, Ann Arbor, Michigan tops the list, with 34 female-founded businesses receiving first round financing from venture capital firms from 2005-2017. That accounts for 29 percent of all start-ups in that region – more than anywhere else in the U.S.
The greater New York City region came second, with 814 female-led business getting 23 percent of all start-up capital during the same 12-year period.
This graph illustrates the share of female-led and male-led start-ups that received first-round venture capital investments each year from 2005-2017. Source: Brookings Institution
Milwaukee, Wisconsin followed, with 13 female-led business, also accounting for 23 percent of the total in that region.
Portland, Oregon came in fourth, with 53 women-led companies getting 20 percent of the total venture capital awarded in that area.
Las Vegas rounded out the top five, with 22 female-founded companies grabbing 20 percent of all venture financing.
The Brookings report also ranked the five worst cities for women seeking venture capital, with Provo-Orem, Utah winning the dubious distinction of the least number of women-led start-ups (four) and the lowest share (4 percent) of venture capital going to women.
Orlando Florida was second-worst, with eight female founded businesses accounting for 8 percent of all venture financing.
Next was Minneapolis-St Paul, Minnesota (21 businesses at 9 percent), followed by Nashville, Tennessee (20 businesses at 9 percent) and Atlanta (39 businesses at 9 percent.
This chart illustrates the share of U.S. startups that were founded by women from 2005-2017. Source: Brookings Institution
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https://hienalouca.com/2019/03/09/the-best-and-worst-cities-for-women-led-start-ups-to-attract-venture-capital-investments/
Main photo article Women-owned businesses receive a small fraction of the billions of dollars of venture capital funding that is in invested each year in American start-ups – but that’s beginning to change as female-led companies attract big money in a handful of U.S. cities, according to a new r...
It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.
Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.
Dianne Reeves US News HienaLouca
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