Here's why gender equality hasn't hit the next billion-dollar startups: by mcgrathmag
While men are as capable of backing female-led companies as women, misunderstandings and missed opportunities abound. Carolyn Childers, the cofounder and CEO of women’s networking platform Chief—which just last week announced a $15 million Series A1 round of funding, bringing its total venture haul to $40 million—experienced this while trying to raise her seed round.
Childers eventually got investors such as General Catalyst, Inspired Capital and GGV Capital on board and says that having backers who believe in her vision has made raising the subsequent rounds easier than the seed. But she’s quick to note that this has not put Chief at a Series B or C level, which could qualify her company for near-unicorn status, nor does she expect raising those later rounds to be easy.
While continued conversations about this dearth of representation—plus the continued work of organizations like Times Up and All Raise—should eventually help change the entrepreneurial and venture landscape, two recent speed bumps have emerged: a PitchBook report that Q1 2020 funding of female-founded companies plummeted compared to the first quarter of 2019 and, of course, the pandemic.
Lee noted that she’s continuing to meet with female founders every day, and those meetings make her optimistic about the future. “I’m personally optimistic that this is the moment where women can shine,” she said. It’s a perspective that Alexa von Tobel, the founder of LearnVest and venture firm Inspired Capital, happens to share.
France Dernières Nouvelles, France Actualités
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