Last week The Exchange went into current information worrying the amount of equity capital raised by female creators. As a refresher, the numbers were bad.
In Q3 2020, PitchBook information reported that US-based female founders raised $434 million across 136 rounds. That dollar amount was off from $841 million in Q2 2020, for context. The numbers were a dramatic turn-around from where 2019 left the industry.
The sharp decline in readily available capital is slowing the speed at which ladies are founding new companies in the COVID-19 period. There are other factors at play, new information from the Female Creators Alliance (FFA) shows, but the funding dry spell is not assisting.
In general, the speed at which women are showing that they mean to discovered a business, according to a group of females that the FFA is tracking longitudinally, is slipping.
FFA, a community of women founders and a startup accelerator working to accomplish higher gender diversity in innovation, built a sample of 150 women from tech hubs “with high possibility of having entrepreneurial goals,” according to its dataset. It asked them about their entrepreneurial objectives both prior to COVID-19 showed up, and again this September.
The modifications in actions from prior to the pandemic and today stand out. Let’s analyze the information because of what we found out last week concerning capital offered for female founders and see what we can learn.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.