A recent report by DocSend Inc., a subsidiary of DropBox, surveyed over 300 pre-seed startups, finding that on average, in terms of gender alone, mixed teams raise the most funds, while all-male teams raise the least. In terms of both gender and race, on average, mixed gendered teams with minority members raise the most funds while all-male teams with no minority members raise the least.
While women comprise approximately 33 percent of the combined founder and employee workforce at startup companies, they hold just 9 percent of all equity value in those companies, according to The Gap Table from Carta – a software platform for managing startup equity and ownership. The new report was based upon capitalization table (cap table) data from more than 6,000 companies with a combined total of nearly $45 billion in equity value.
While women comprise approximately 33 percent of the combined founder and employee workforce at startup companies, they hold just 9 percent of all equity value in those companies, according to The Gap Table from Carta – a software platform for managing startup equity and ownership. The new report was based upon capitalization table (cap table) data from more than 6,000 companies with a combined total of nearly $45 billion in equity value. The cap table is a list of owners of a company and includes information about the percentages of ownership, equity dilution, and value of equity in each round of investment. The researchers found that:
The Blackstone Charitable Foundation has announced its first cohort of eight organizations in the Chicago-area entrepreneurship challenge. Named the BX Challenge, up to $3 million in grant funding will be provided over three years to innovative organizations that effectively recruit and support diverse entrepreneurs and scale startups in the Chicago area. The selected programs will serve underserved populations, including communities of color, women, veterans, and immigrants.