Women make up 46.9% of the U.S. workforce, but 40% of of large public companies worldwide have no women on their board of directors. It’s not surprising that women are starting their own businesses at 1.5 times the national average.
According to a new infographic from UNC Kenan-Flagler Business School (shown below), 187 million women are currently starting or running their own businesses. Unfortunately, only 3-5% of women-owned businesses receive venture capital (95% goes to male-owned businesses), and only 10% of venture-funded startups are women-owned.
In fact, female entrepreneurs start with about one-eighth the funding of male-owned ventures. That’s despite the fact that women-owned, venture-backed companies have 12% higher revenues. Similarly, companies with more equalized gender distribution at upper levels experienced 30% higher results from IPOs.
You can see all of the details in the infographic below.
Susan Gunelius
Susan Gunelius is the Founder and Editor-in-Chief of Women on Business. She is a 30-year veteran of the marketing field and has authored a dozen books about marketing, branding, and social media, including the highly popular Ultimate Guide to Email Marketing, 30-Minute Social Media Marketing, Content Marketing for Dummies, Blogging All-in-One for Dummies and Kick-ass Copywriting in 10 Easy Steps. Susan’s marketing-related content can be found on Entrepreneur.com, Forbes.com, MSNBC.com, BusinessWeek.com, and more. Susan is President & CEO of KeySplash Creative, Inc., a marketing communications company. She has worked in corporate marketing roles and through client relationships with AT&T, HSBC, Citibank, Intuit, The New York Times, Cox Communications, and many more large and small companies around the world. Susan also speaks about marketing, branding and social media at events around the world and is frequently interviewed by television, online, radio, and print media organizations about these topics. She holds an MBA in Management and Strategy and a Bachelor of Science degree in Marketing and is a Certified Professional Career Coach (CPCC).
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