Here’s the good news: There has never been a better time in history to be a female entrepreneur than today. Women are founding companies at a historic rate. In 2016, there were roughly 11.3 million women-owned businesses in the U.S. employing nearly 9 million people and generating over $1.6 trillion in revenues. The bad news? Companies founded by women are underfunded, underexposed and operating with limited resources, according to the 2018 white paper, “How to Close the Gender Gap in Startup Land by 2021,” released by Lioness for the Female Entrepreneur.
This report is based on seven years worth of aggregated data, interviews and coaching research from Lioness for the Female Entrepreneur, as well as statistics from the National Women’s Business Council and the Global Entrepreneurship Monitor. It is the first white paper of its kind released by a media outlet that solely serves female entrepreneurs.