The narrative claiming women entrepreneurs receive less than 2% of venture capital funding is misleading, stemming from data that only accounts for VC investments, excluding significant angel funding. Despite the pervasive myth, progress is evident: over the past two decades, the percentage of angel-funded startups led by women has risen from 3% to over 30%. Golden Seeds, an organization dedicated to investing in early-stage women-led companies, underlines the importance of understanding the context and methodology behind venture funding statistics to appreciate these advancements in the startup ecosystem.
Countless articles, books, and panels have cited that only 2% of VC funding goes to women entrepreneurs. However, this interpretation is incorrect because Pitchbook collects data only on company founders.
Significant progress has been made in these early stages of the venture market. Twenty years ago, a mere 3% of angel-funded startups were led by women. Fast-forward to today, and women now account for well over 30% of angel-funded companies.
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