There are quite a few obstacles facing women entrepreneurs looking to grow their business, said Karen Cahn, founder and CEO of New York-based iFundWomen, who spoke to Milwaukee’s women entrepreneurs at the Milwaukee Business Journal’s Women of Influence Symposium held recently at The Pfister.
Access to capital is a large issue, partly because there exists a preconceived idea held by some investors that the typical profile of a potential billion-dollar startup is one focused in new-age technology and founded by a caucasian male. Those companies tend to garner the most attention from investors.
Only 1 percent of all startup companies obtain venture capital funding, Cahn said. Of that pool of companies, only 2 percent of those venture capital dollars are allocated to women entrepreneurs. Women of color receive a 0.2 percent share of that pie, she said. Read the full story here.