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Women’s health tech ‘less likely’ to get funding if woman is on founding team
Research also shows pitches from female founders less likely to succeed if using phrases such as ‘women’s rights’
“Instead of regarding female entrepreneurs in one of the most female-dominated sectors in the startup world as a positive, potential investors frequently see them as a negative and withhold funding as a result,” she said. Photograph: John AnnettSarah Turner, a co-founder and the chief executive of Angel Academe, the UK’s leading women’s “angel” network – investors who invest their own money in a small business in exchange for a minority stake – said there “must be some structural bias” in funding institutions because there was “nothing wrong with the women we see seeking funding for their fantastic business ideas”. “When the femtech idea was pitched by a woman, the investor admitted they saw the founder more as a feminist who prioritised social impact at the expense of financial returns than the man.
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