When companies like First Round
, a venture capitalist (VC) firm, publish their data on the advantages of women in business, it adds fuel to the conversation and drive for change. Notable here that funding for women founders is incredibly scarce. According to Fortune
out of $84 billion of VC investment awarded to startups, only 2.7% went to women led companies. Crazy huh?
So what did First Round discover? When they reviewed their investment portfolios, they found that having women in founding teams outperformed founding teams that are all-male -- by a whopping 63 percent.
Women-founded or co-founded companies were also revealed to be better financial investments, where every dollar of funding generates 78 cents as compared to all-male founded startups that generate just 31 cents, according to a study
by Boston Consulting Group and Mass Challenge.
If you need further evidence that things are starting to change it's worth reading Kauffman Foundation
and Small Business Administration
Time to shift the conversation and look at four ways to create an environment where both women and men can thrive in your organisation: