The Young Black Female CEO

In today's episode, how this CEO decided to THRIVE! Enjoy this chilled chat with me. 

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  #founder #femalefounder #femaleceo #ceo #business #womeninleadership #womensboard #womensupportingwomen #leadership.                                                   

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In today's episode, making the choice between what is good enough and what is right for you. 

The choice in your career, your relationships, your health, your environments, your business and YOU IN GENERAL. 

#founder #femalefounder #femaleceo #ceo #business #womeninleadership #womensboard #womensupportingwomen #leadership

Remember to join me on; 

LinkedIn: https://www.linkedin.com/in/edith-wangare-njage/

 Instagram: https://www.instagram.com/edithwangare/

The realities for a female founder; 

1. 3% of all the Venture Capital funding in the USA went to women, only 8% went to founding teams with both men and women and a whooping 89% supported teams of purely male founders. (Crunchbase) 
2. Well maybe it's the USA that has the problem... let's take a look at the UK. 1% of the funds invested in 2017 went to female founded teams. (British Business Bank) 
3. Globally, in 2020 83% of Venture Capital deals involved founding teams with no women. Funny, I thought women were the majority in the population and the more entrepreneurial gender. 
4. Women form 70-80% of all consumer goods purchases. They are the major buyers! 
5. How can women influence a platform they are not on? Currently 9/100 of the top VC's are run by women and in terms of funding discussions, only 11% of the top deciders world-wide are women. 
6. Many studies show that 90% of VC's are white men and they are prone to fund other males (mostly fellow white men), 1% are Latin American and 3% are black. 
7. VC's invest 35 times as much in any idea pitched by a man than they do in one pitched by a woman. (MarketWatch) 
8. In the USA, only 2% of 85 BILLION DOLLARS raised from VC's went to Female Founded teams. 
9. Further, data has shown that when women do raise capital they raise much smaller rounds! Men averages are $12 million and women average rounds are $5 million. 
10. BLACK WOMEN STATISTICS ARE APPALLING! (Allow me to write this in capital letters so it sinks in). BLACK WOMEN RAISED 0.0006% OF THE $424.7 Billion IN TECH FUNDING SINCE 2007. Further while average funding is $1.14 million for most startups, BLACK WOMEN RAISED $42,000 IN COMPARISON. (entrepreneur.com) 

However, the reason why the above statistics are puzzling to me is; 

1. Companies that have a female founder perform 63% better than those with a male founder. (Don't get offended it's not my opinion its the statistics). 
2. Businesses that are founded by women deliver twice as much per dollar of investment compared to those founded by men! 
3. Upon exit investors can expect up to 112% Internal Rate of Return from female founded companies compared to 48% for male founded companies and the exit tends to be quicker for female founded companies as well.

Join me as I share my fundraising experience and thoughts on the above statistics. 
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#founder #entrepreneur #business #femalefounder #fundraising #venturecapital