Sukhi Jutla had no illusions about raising venture capital for her startup, MarketOrders, a blockchain-based global marketplace for the gold and diamond jewelry industry. She knew that in the UK, onlyShe decided to try to raise the money anyway. She reached out to VCs on LinkedIn and at tech meet-ups, and showed up at their open office hours. After hundreds of meetings over several months, she finally got a bite from a two-man firm that was interested in investing £250,000 pounds .
“If I invest in you, I own you 24/7,” he responded. Then he threatened, “News travels fast in small circles. You’ll never raise venture capital because of your attitude.”by Boston Consulting Group found that the global GDP would rise by 3-6% if women participated equally in entrepreneurship and were afforded more access to investment capital. But little has changed for women in accessing capital in the last 15 years.
One area where it’s easier for women to find funding is crowdfunding. They turn directly to the public to raise money by selling equity to their companies or pre-orders for products. “Women seem to be very comfortable with going straight to the market to say, ‘Here’s my idea,’” says Elam.Indiana University’s Kelley School of Business
But if a founder wants to scale her company, alternative financing can only take it so far. “The challenge with crowdfunding is that it’s largely unaccredited investor dollars,” says Elam—meaning the investors may not have much money to give, compared to accredited investors. “Crowdfunding is great for seed funding,” she adds, but not for much beyond that.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Next Decade Will Bring More Venture Capital To Female FoundersFunding for women entrepreneurs is becoming easier. This article focuses on venture capital for female founders. A second article will focus on the use of alternative financing by women entrepreneurs.
Source: ForbesWomen - 🏆 477. / 51 Read more »
Meet 11 Female Athletes Poised to Win Gold and Make It Big in 2020From gymnastics to surfing and track to mountain biking, 2020 looks like another incredible year for female athletes.
Source: POPSUGAR Fitness - 🏆 401. / 53 Read more »
'Little Women' reminds us how stuck we have been on judging female politicians'I am angry nearly every day of my life,' Laura Dern's Mrs. March (Marmee) says, wearily, in Greta Gerwig's 'Little Women,' a 2019 film adaptation of Louisa May Alcott's beloved 1868 novel of the same name about a quartet of New England sisters. 'I'm not patient by nature. But with nearly 40 years of effort, I'm learning to not let it get the better of me.' 💩💩💩💩💩💩💩💩💩💩 So, I know I read this book around 40 years ago, but I’m pretty sure none of the Little Women married their own brother, called for death to Jews or made similar asinine statements like AOC does on social media on a daily basis💁🏻♀️ You mean like this.
Source: CNN - 🏆 4. / 95 Read more »
Serena Williams named Associated Press’ Female Athlete of the DecadeWith 12 Grand Slam singles titles and more than three years firmly atop the rankings, Serena Williams is the AP’s Female Athlete of the Decade. Hi Serena 🌹 Congrats To You 4 Being Female Athlete Of The Decade 👍 GOD BLESS Robbie Mirkin Singer Songwriter! Guitar Player! Recording Artist! Executive Producer Of Original ☝ Music Videos! 🎸 🎶 🎹 🎤 💘 ✌ ❤
Source: YahooNews - 🏆 380. / 59 Read more »
Associated Press Names Simone Biles the 2019 Female Athlete of the Year, as They ShouldEarlier in 2019, legend, icon, and star Simone Biles became the first woman to ever land a triple-double in competition. It was a moment that, as the people of cyberspace are wont to claim, broke the internet. USA Today went so far as to quantify the height of her leap, reporting that Biles could have cleared an SUV should she have suddenly found one to be beneath her on the mat. I for one, once twisted my ankle trying to hop over a sidewalk ledge. Um, HELLO? How come Colin Kaepernick isn’t Female Athlete of the Year? 🤔
Source: Jezebel - 🏆 153. / 63 Read more »
Hotel in Washington, DC to focus on female empowerment, have RBG mural - Business InsiderIt's the world's first hotel dedicated solely to celebrating women's accomplishments, according to the president and CEO Pebblebrook Hotel Trust.
Source: BusinessInsider - 🏆 729. / 51 Read more »