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Why VCs Aren’t Funding Women-led Startups

  • City: Mumbai
  • State: Maharashtra
  • Country: India
  • Zip/Postal Code: 400098
  • Listed: August 12, 2017 2:20 pm
  • Expires: 378 days, 15 hours

Description

What’s it jump at the chance to be a female entrepreneur bringing cash up in the male-ruled venture capital industry? It’s an inquiry Katherine Hays, the fellow benefactor and CEO of venture-sponsored Vivoom, an advertisement tech startup, is frequently inquired. Feeds drove her first startup, Massive Incorporated, a computer game promoting organization, through a few rounds of funding, before in the long run pitching the organization to Microsoft for a revealed $200 million-$400 million.
“I am perplexed I don’t have an exceptionally fulfilling answer,” she says. “Typically I am the main lady in the room, however I have no clue the amount of a detriment that is on account of I don’t comprehend what it resembles to be a male searching for funding.”
She concedes, however, she has thought about the matter. “Male VCs — and clearly most are — are exceptionally agreeable now giving female entrepreneur’s capital for ‘young lady stuff,’” she says. “Need to lease dresses or offer infant wipes as a membership? Don’t sweat it. The VCs ask their spouses or lady friends if the thought is cool, and they’re ready.”
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