Whitney Wolfe Herd last month made history on several fronts. The 31-year-old became the world’s youngest self-made woman billionaire after taking Bumble for an Initial Public Offering (IPO) and also the youngest woman founder to take a company public. Look further and the picture fades a little. Wolfe is only the 22nd woman ever to have scaled a company to a successful IPO. While a well-deserved feat and a definite win for female entrepreneurs, in comparison, this accomplishment arrives after several thousand male founders globally have already scaled their companies to successfully go public. A rude reminder of the numerous impediments that continue to pull back women entrepreneurs from growing as fast as their male counterparts.
DISPARITY IN FUNDING
A most common challenge is the lack of support in the form of external funding. Data from Venture Intelligence, a private company data tracker, shows that in 2019 only 6.5 per cent of the total funding raised among the top 150 funded start-ups in India went to women-founded and cofounded start-ups.
Covid-19 led disruption made it worse for women founders as funding for women-founded and co-founded startups in India fell 24 per cent to USD 280 million in the first half of 2020 from USD 369 million in the same period the year before, as per a report by MAKERS India.
Denne historien er fra March 2021-utgaven av Entrepreneur magazine.
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Denne historien er fra March 2021-utgaven av Entrepreneur magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
How To Ask Family For Money
Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.
Data Breach Drama: When Trust Turns Costly In A Digital Age
Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?
THE TERRAIN TAMER
Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.
THE INTELLIGENT READS
Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.
THE CURSE OF GROWING TOO FAST
FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.
There's No Perfect Answer
I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"
Give Yourself the Gift of Time
Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.
How to Become a Main Street Millionaire
It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.
Want to Better Serve Your Clients? Become Them.
As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.
How to Succeed With Gen Z Workers
People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.
