International Women’s Day Survey Reveals Continuing Funding Gap

by Startacus Admin

International Women’s Day survey from 99designs reveals continuing funding gap and gender differences in approach to entrepreneurship.

Male and female entrepreneurs around the world report extremely similar experiences and attitudes toward starting and running a business – except when it comes to raising outside capital. According to a recent global survey of more than 3,000 entrepreneurs, a significant funding gap between genders still exists, with men being twice as likely as their female counterparts to have raised at least $100,000 or more to fuel their business.

According to the second annual International Women’s Day Entrepreneurship Survey by online graphic design marketplace 99designs, 28% of the men polled raised at least $100K or more to start their business, as compared to just 15% of the women. These numbers show little change from the results of last year’s survey showing a gap of 12% vs. 6%, respectively.

In addition to being less likely to raise significant outside funding, female entrepreneurs were more likely to be operating home-based businesses (68% vs. 48% of men) and sole proprietorships (49% of women vs. 31% of men) than their male counterparts. They were also more likely to say they put in a “second shift” at night - 77% vs. 61% for men.

“Women all over the world have become more vocal over the last two years, speaking out and marching toward political, social and economic change. Many of these issues are present in the world of entrepreneurship, as you can see exposed through the results of our survey, which we hope paints an honest picture of where women business owners are today,” said 99designs Chief Marketing and Operations Officer Pamela Webber. “It’s also interesting to see that – despite the gender funding gap – there is so much common ground between the sexes on the experience and attitudes toward entrepreneurship.” 

For a more detailed overlook of the survey findings, visit www.99designs.com/blog

 

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Published on: 7th March 2018