Forbes published this article about the findings of the National Women’s Business Council’s recent study. Read an excerpt below and head over to Forbes for the full article.
Women are starting 1,200 companies a day, according to The 2014 State of Women-Owned Businesses 2014 Report. Unfortunately, most of these businesses will grow up to be runts because women are underfunding their companies.
What’s holding women back? Some causes are internal — women don’t ask or dream big — and others are external, such as the type of businesses we choose to start are less attractive to funders and, yes, there is discrimination among some funding sources.
We know the obstacles and how to fix them. How can we galvanize change?
The NWBC will be leading the charge by organizing convenings in New York City and San Francisco. “… it is our hope that this research will incite the action needed to strengthen the access to capital for women,”said NWBC Chair Carla Harris. “As a Council, we will be doing outreach to the funding community, in particular, to advocate for more direct outreach to women from traditional sources of funding. We will also be hosting a handful of briefings in September and October to illuminate the research findings, to discuss new emerging, alternative sources of capital and to define a call to action based on the recommendations we’ve outlined.”