Blog excerpt provided by JumpStart.
Female entrepreneurs are getting creative with their funding efforts, but not necessarily by choice. According to a study conducted by Babson College, just 2.7% of venture capital-funded companies are female-owned. Probable influences of this statistic, include a lack of female investors, females operating lifestyle or service-based businesses not typically of interest to venture capitalists, females maintaining smaller growth goals for their businesses than males and simply fewer females asking for venture capital.
The obvious gender gap in venture funding places a great financial strain on female founders looking to develop a new business or scale an existing one. To bridge this gap and grow their ventures, women are finding alternative sources of funding. Here are a few examples:
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Originally published August 2, 2016.