#GAReads | VC Funding For Women Has Plummeted During The Pandemic. Here's What To Do About It.
photo credit: Brooke Lark, via Unsplash
“VC Funding For Women Has Plummeted During The Pandemic. Here's What To Do About It.”:
Let’s get to business: the coronavirus pandemic – perhaps you’ve heard of it? – is wreaking havoc on the economy. In that regard, its victims have disproportionately been women, who account for 55% of lost jobs, fully 10% higher than their male counterparts. In raw terms, three million more women have lost their jobs at this time than men have.
It goes further than that, though, My consistent advice through this ongoing slow-motion car crash has been for people to step up, locate the gaps in the pandemic economy, and rush to fill them. Venture capital is in a historically conservative moment, with the tumultuous collapse of the unicorn market last year and now the pandemic making investors looking toward long-term, stable investments with plans for sustainable growth over short-term gambles on billion-dollar sales. That, my advice goes, means that this is counter-intuitively a great time to start a business.
Unless, it turns out, you’re a woman, in which case it’s now the hardest it’s been in years.