SAN FRANCISCO (Reuters) – Women venture-capital partners are becoming scarcer even as more women entrepreneurs are winning venture cash, according to a report from Babson College.
The report, “Women Entrepreneurs 2014: Bridging the Gap in Venture Capital,” paints a picture of a start-up environment that is making strides in some areas, such as backing female entrepreneurs, even as the per centage of female venture capitalists slips.
About 15 per cent of US companies receiving venture-capital investment, meaning cash injections from venture firms in a business’s early days, included at least one woman on the executive team, according to the report. That compares with just 5 per cent in 1999.
But just under 3 per cent of companies receiving venture cash had female chief executive officers, according to the report.
At venture-capital firms globally, about 6 per cent of partners were women, compared with 10 per cent in 1999, the study showed. The numbers jibe with a Reuters study last month that showed that declining percentages of venture capitalists are women and that many top firms have no female partners at all.
Many female entrepreneurs say that buttressing the numbers of women venture capitalists is key to advancing the numbers of female entrepreneurs.