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Only 3% of invested dollars went to female-only founders in 2019. According to a Crunchbase report on gender disparity in startup funding, female-only founded companies raised $6 billion dollars; their male counterparts, $195 billion.
In this episode of B-Side, Nicole Denholder, founder and CEO of Next Chapter Raise, tells BusinessWorld reporter Patricia B. Mirasol why this gap exists and what women entrepreneurs and the business community at large can do about it.
Next Chapter Raise is a funding ecosystem based in Asia with one mission: to get female founders funded faster.
TAKEAWAYS
Key-person risk
“Many female founders are sole founders. If they fall ill, the business could stop,” said Ms. Denholder. “A sole founder won’t have all the skills necessary anyway to build a business.”