Women entrepreneurs have a harder time raising money than men. The gender gap extends to bank lending, and in Silicon Valley men have the power and the purse strings.

As a result, more female founders are taking funding matters into their own hands. Women founders who use seed crowdfunding platforms aren’t just reaching their funding goals, they are doing so at a rate that’s better than crowdfunded ventures started by men. Across 450,000 seed crowdfunding campaigns recently studied by PwC and The Crowdfunding Centre, women-led campaigns reached their funding goal more often than male-led campaigns.

In the United States and U.K. — the largest markets for seed crowdfunding campaigns — 20 percent of male-led campaigns met their goal compared with 24 percent and 26 percent of female-led campaigns, respectively. Across nine of the largest global crowdfunding platforms, female-led campaigns were 32 percent more successful at reaching their funding target than male-led campaigns.

https://www.cnbc.com/2017/07/20/why-women-join-the-crowd-gender-gap-in-bank-lending-vc-funds-narrow.html

 

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