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Over the last week or so there has been a flurry of articles about the announcement from PitchBook and Fortune that female founders got 2% of Venture Capital in 2017. The article points out the silver lining that dollars invested was up by a whopping (note the sarcasm here) $500,000 from last year. Read that again: Female founders got TWO PERCENT of VC in 2017. This is nowhere close to the almost 70% of capital given to male-founded companies. While an attention-getting headline, I don’t think this actually tells me anything other than people can add.
Now before you start going there, this is not a rant (yet) about the lack of funding for female lead startups. This particular rant is about the math and the metrics behind the story and the headlines it created. Continue reading “Women & VC Funding: Questions Beyond the Headline”