Can your network improve your company's net worth? Check out these interesting insights on the impact your personal network can have on your ability to raise capital, specifically for women and non-binary entrepreneurs. ⬇️ New Power Labs is a platform that accelerates equitable access to investment capital through research, education, and community building. Check out their full #GenderCapitalResearchSeries here: https://ow.ly/gJYN50UoGS0
💡 Does having social ties matter more than a technical background? Does social media presence lead to more funding? And, how does a startup get more media attention? This week, in the #GenderCapitalResearchSeries, we explore how knowing the right people and being in the right network can impact women and non-binary entrepreneurs’ ability to access capital. (French translation coming soon.) ❋ Technical background and connections are more essential for the success of women entrepreneurs than male entrepreneurs. - A technical background gives significant advantages to female entrepreneurs. - It is more important for women entrepreneurs to have strong social ties with VCs than men, regardless of technical background. - Women founders can overcome gender bias through a strong technical background and strong networks. → Read more: https://lnkd.in/e-Y_Cqdf ❋ X (Twitter) can be a powerful tool for women entrepreneurs seeking VC funding. - Women-owned businesses benefit the most from adopting X (Twitter). - The positive effect of social media on funding disappears for established startups. - X (Twitter) can be a powerful tool for women seeking funding, especially in situations where information on funding opportunities is limited or unreliable. → Read more: https://lnkd.in/eyuZQxYX ❋ While investments from top-tier VCs drive startup media coverage regardless of gender, more broadly, having a female founder is linked to less media attention. - The most important predictor of whether a startup receives media coverage is funding from a top VC firm. - Startups with female founders and those with prior entrepreneurial experience tend to receive less media coverage. - While media attention can enhance visibility, it may not be a sufficient condition for attracting more investment. → Read more: https://lnkd.in/enEmW2Pv ❋ Women face demand and supply-side constraints in venture capital. - After the 1980s, the number of investments in women-led businesses grew, but the overall share of capital going to women-led businesses remained small. - While the absolute number of women working in the American VC industry increased, the number of women moving on to decision-making roles remained low compared to men. → Read more: https://lnkd.in/eAgEwTnF Check out the #GenderCapitalResearchSeries: https://lnkd.in/eTXzu7yF SVX, Esplanade Québec, WeBC, Pond-Deshpande Centre, Spring, The Canadian Women's Foundation. *This research is part of WIN-VC Canada, supported by Government of Canada. WIN-VC acknowledges the support of Innovation, Science and Economic Development Canada | Innovation, Sciences et Développement économique Canada. #genderequity #WomenEntrepreneur #WomenInBusiness #CdnBusiness #CdnBusinesses #InvestingInWomen #nonbinaryentrepreneurs