How COVID-19 and the resulting recession are impacting female founders – ClearTips
Last week In recent data concerning the amount of venture capital raised by female founders, the exchange was dug. The numbers were not good as a refresher.
In Q3 2020, Pitchbook data reported that US-based female founders raised $ 434 million in 136 rounds. That dollar amount was for reference away from $ 841 million in Q2 2020. The number was a dramatic turn from where 2019 left the industry.
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The sharp decline in available capital is slowing down the pace at which women are locating new companies in the era of COVID-19. There are other factors at play, new data from the Female Founders Alliance (FFA) indicate, but drought is not helping.
Overall, the pace with which women are indicating they intend to find a company is slipping, according to a group of women that the FFA is tracking longitudinally.
The FFA, a community of women founders and a startup accelerator working to achieve greater gender diversity in technology, created a sample of 150 women from Tech Hub, which included “Entrepreneurship There was a “high probability of aspirations”. It asked him about his entrepreneurial goals before the arrival of COVID-19 and again this September.
Changes in reactions before the epidemic and from today are striking. Let’s examine the data in light of what we learned last week regarding the capital available to women founders and see what we can find out.