Fixing venture capital for women entrepreneurs
/This article is part of a Special Series titled How to #PressForProgress in Women’s Entrepreneurship by the Cartier Women’s Initiative Awards. The series contributes to the #InternationalWomensDay dialogue on empowering women around the world through entrepreneurship.
The shame of #metoo aside, venture capital (VC) is broken at a systemic level. Even if huge amounts of capital started shifting towards women tomorrow, it would take years to close the $300 billion funding gap.
VC is working for some women entrepreneurs, don’t get me wrong. I recently wrote about 58 funds with an explicit gender lens in collaboration with Wharton Social Impact Initiative.