Nearly 90 percent of partners at venture firms are male, Bloomberg News reported earlier this month.
In 2017, data compiled by PitchBook Data Inc. showed that the industry put $68.2 billion into companies founded by men, compared with $1.9 billion for start-ups with solely female founders, Bloomberg also said.
Women-led start-ups saw a 2.2 percent share of VC investments last year and averaged $5.16 million per deal versus $11.97 million for male founders, Eaton-Cardone’s statement said.
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“Yet evidence shows that women entrepreneurs often outperform males, both in VC portfolios and in crowd-funding campaigns,” Eaton-Cardone said in her statement.
“When First Round Capital analyzed its investments over a 10-year period, it found that companies with at least one female founder performed 63 percent better than those with all-male founders, and three of its top-10 investments had at least one female founder,” her summary of the data said.
She also cites an analysis by PwC noted that female-led campaigns are 32 percent more successful than male-led ones, with success rates of 22 percent and 17 percent, respectively, she said.