January 7th 2015
Women entrepreneurs could boost the economy in a way that hasn’t been seen since women entered the workforce in mass numbers in the 20th century, according to Sources of Economic Hope: Women’s Entrepreneurship, a report by the Kauffman Foundation, which researches and advocates for entrepreneurship.
Women-owned businesses represent 30% of all firms, but only 16% of firms that have employees and 10% of high-growth firms, according to the Kauffman report. “If women were as economically engaged as gentlemen in the economy, our GDP would be 7 to 9 point larger,” said Sallie Krawcheck, a former investment analyst and chair of Ellevate, a global professional women’s network, on Bloomberg TV.
Women entrepreneurs have the goods. “Women are armed with more educational credentials than ever — increasingly in fields where entrepreneurialism is flourishing,” said Peggy Wallace, managing director of Golden Seeds, one of the most active early stage investment firms focused on women-led companies. Research consistently finds women entrepreneurs are more likely than their male counterparts to deliver a high return on investment, yet other research finds only one woman raises equity financing for every nine men that do.
Here are 11 reasons that 2015 will be another year of great strides for women entrepreneurs.
Read the full article HERE.
“Thanks to the ever growing list of men who actively support women entrepreneurs including Brian Cohen, angel investor; Rob Delman, angel investor; Doug Ellenoff of Ellenoff Grossman & Schole; Brad Feld, Foundry Group; Sam Guttmann, BassTech International; Nnamdi Okike, 645 Ventures; Adam Quinton, Lucas Point Ventures; David Rose, angel investor; Barry Schwimmer, the Stamford Innovation Center; David Teten, ff Venture Capital; Fred Wilson, Union Square Ventures, Babak Yaghmaie of Cooley; and Ed Zimmerman Lowenstein.”