Why women have to work harder to do startups

Via Scoop.itToday’s Transmedia Woman

Startups are not too hard for women. Women just have to work way harder to create a startup.In the midst of my life as a fundraising CEO, I am going to posit one thing: That the ramen-eating, asocial women entrepreneurs have it harder in starting a VC-backed company because VC funding is harder for women. A recent op-ed written by Penelope Trunk and published in VentureBeat suggested that women aren’t cut out for entrepreneurship because they are too distracted by childbearing and the desire for “a good house, good clothes and a cushion for emergencies.”   But Trunk overlooked the fact that women are great at management and leadership, and they’re great at the most important aspects of building a new business.   Why women have a hard time as entrepreneurs A CEO’s job is in a state of perpetual dynamism. In the beginning, you have to have a great idea and to use your impeccable market sense to finesse it into the first version of a business. Then, you have to find the right people, to sell your dream to build a great team, to nurture that team to do great things, and to find partners and customers to evolve your business. In all these tasks, women excel.   If you doubt this, just look at how many more small business owners who are women than men. According to statistics from the White House, women are starting new companies at a rate 1.5 times higher than the national average. Speaking for my fellow female entrepreneurs, we generally don’t feel more troubled for working just as hard as our male counterparts. We generally don’t feel sad that we can’t afford some things.   Entrepreneurs are rare, but all entrepreneurs, men and women, have these values. Women as a group don’t have a hard time doing startups because of the tasks involved. It’s not the type of work, the amount of work or the low financial returns in the beginning.   Yes, many women have to overcome more barriers to achieve their entrepreneurial goals — as Trunk said, there is an extra burden (and extra joy) in tending to a family and making a home. But that excuse, in addition to being unrealistically old-fashioned, misses the crux of why startup life is more difficult for a woman. Here’s the truth: Getting funding, the very backbone of almost every company, is harder for women.   Read Full Story http://venturebeat.com/2011/12/06/women-founded-funded-startups/?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+Venturebeat+%28VentureBeat%29
Via venturebeat.com


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