What's the problem?
Venture capitalists invested $48.3B in 4,356 deals in 2014, an increase of 61% in dollars invested over 2013. While more money is pouring into technology, fewer women have access to the dollars invested. Only 2.7% of the companies that raised VC money had female CEOs, an abysmal number by any yardstick. While the number of women launching businesses is increasing drastically (a 68% increase between 1997-2014 and 2x the growth rate of businesses owned by men), the proportion of investments in female-led companies is not.*
How do we solve it?
There is no shortage of organizations focusing on mentoring women interested in entrepreneurship. In fact, there are funds that have built their thesis around investing in female-led companies. All these efforts work in conjunction with each other, but no single organization alone is able to provide a specific toolkit that teaches female CEOs how to get access to institutional money. Launch X seeks to fulfill this need.
*All facts and figures mentioned above have been obtained through the incredible research at Babson College. Read the full report here.