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Startup Funding Guidance for Female Founders, Against All Odds
As a female founder, I often get asked why I don’t raise venture capital. This question makes me laugh.
Many of my peers assume that my being a woman gives me an advantage given the current DEI movement happening within the startup world. I see this movement and I feel the energy of it, but unfortunately, the number of investment dollars certainly doesn’t reflect it.
Only 2% of venture capital funding went towards women-founded startups in 2021 and only 15% toward female co-founders. For minority women, that percentage is even smaller.
Simply put, the chances of me raising VC funds as a woman have always been slim to none.
Self-funding seemed to be my only option, so I built my business strategies around that.
Other women can plan to self-fund too, even with little money in their own bank accounts, but only first after making sure they have the necessary elements to succeed.
