Companies founded only by women receive 3% of venture capital. This firm is trying to change that

📆 24-10-19 03:57:00
📰 CNBC

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'When we encounter a founder who sees a huge market opportunity and she has a vision ... we feel that that founder has a right to access that capital alongside anyone else,' Victress Capital's Lori Cashman says.

, which found that year to date in 2019, for every $100 invested by venture capital firms, $87 went to companies founded by men only.

Not every company needs venture capital, Cashman said, but Victress' goal since its founding in 2016 is to make sure those who need it have it. "The data across the board shows, whether a public company or private company, if you have a gender-balanced team, in the board room or at management level, you will outperform top line and bottom line," Norris said., Cramer said, lamenting the figure. He added women also still make up "very much the minority of boards."

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Why would venture capitalist invest in a sexist company who doesn't celebrate diversity

Bad idea to mix politics, gender identity and investing.

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