Instead, she is one of the ... [+] few female founders on this year's Next Billion-Dollar Startups list. At the CEO level, this marks a slight improvement over 2019’s numbers; at the founder-CEO level, however, female representation among Next Billion-Dollar Startups is flat. Female-founded companies scored a record $3.3 billion in venture capital in 2019 (according to PitchBook). “Unfortunately, venture capital is 91% male decision makers, and that lends itself to more male-oriented businesses getting backed,” Sequoia partner Jess Lee said during a recent webinar. Those new businesses won’t immediately become next billion-dollar startups, but von Tobel says the time at home can help established companies, too.

Source: Forbes May 28, 2020 10:30 UTC