Women Entrepreneurs: Learn To Ask For The Money
Here are the facts:
Women own nearly half of all privately held companies - an increase of 20% compared to the overall total increaseof 9%. That's progress.
Men get 90% of the funds handed out by Angel investors. But before you label the Angels investment organizations sexist pigs, the research shows that only 8.9% of the applications come from women. Once the pitch is made, women do almost equally as well as men in securing funding (13.3% vs. 14.8%).
Pitching to Angel groups generates a low chance of getting funding, but pretty equally low for women and men. Get your pitch together, try to get recommended (and coached) by a member of the group and go for it. If you don't apply, you miss out on a 13% chance of getting funding.
The Sacramento Executive
Hat tip to Justin Ewers at US News and World Report