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The Voice of Startups Everywhere Else

Is The Gender Gap In Women Funded Startups Closing?

We talk about women entrepreneurs and startup founders a lot here at nibletz.com The Voice Of Startups Everywhere Else. Last month at TechCrunch Disrupt NY 2013, Sequoia’s Aaref Hilaly said that the number one reason for such a big gender gap is that their aren’t enough women engineers.

Dave Tisch on the other hand said that women aren’t treated seriously in VC meetings, saying that this was the biggest bullshit.

Pemo Theodore the founder of Ezebis prepared the infographic below highlighting where women stand in the startup space.. Some of it is still very disturbing.

For instance, their infographic below says that 41.1% of women founders relied on outsider debt to start a business. The data also says that 21% of women entrepreneurs sought angel capital in 2009 and of those only 9.4% were successful. Also in 2009 only 11% of companies that received venture backing, had a female CEO or founder. Perhaps one of the most disturbing thing AlleyWatch found was that only 3% of all people accepted (total) in all of the Y Combinator classes, have been women.

The good news is that since he 1997 census women owned businesses have gone up 50%. In 2011 8.1 million businesses led by women have generated nearly $13 trillion dollars in revenue.

Check out the infographic below:

Womenstartups-infogrpahic

 

This accelerator in Memphis Tennessee, specifically for women founders, extends application deadline through June.