By Jessica Stillman (Editor, Women 2.0)
The statistics on the amount of VC money flowing to women-led businesses are well publicized and pretty dismal — female founders get under 5% of funding. Possible reasons for this gap are trotted out just as regularly.
Chief among them: women don’t ask at anywhere near the rate of men. Take VC George Zachary’s response to a question about the low proportion of women getting funded at a Fireside Chat at Startup Grind in February, for example: “I see female founders one out of 20 times,” he said, adding, “I don’t care if the person’s male or female–I seek a founder living out a passion.”