Femtrepreneurs
Investing in women entrepreneurs could boost global GDP by up to $5 trillion, a 6% rise, according to a new study by BCG. Yet, across 100 countries analysed, women-led start-ups attract less than half the investment compared to companies started by men. Why? Partly, it’s that less women start new businesses (the exceptions are Vietnam, Mexico, Indonesia, and the Philippines). And partly, it is good old-fashioned discrimination, linked to ‘old-boys networks’. These are socio-cultural rather than business barriers, since start-ups founded and cofounded by women actually perform better over time, generating 10% higher cumulative revenue over a five-year period.
— Wayne Visser
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From Purpose Inspired: Reflections on Conscious Living, Volume 2. Buy on Lulu ↗