Tammy Snyder Murphy said the issue is clear.
“We know that female entrepreneurs have raised significantly less private capital than their male counterparts,” she said.
The reason, she added, is not as clear.
Women-owned businesses account for nearly 40% of new companies, according to American Express. But Golden Seeds, a nationwide angel investor network dedicated to investing in women-led companies, estimates less than 20% of startup capital goes to women-led businesses, despite repeated studies reporting higher financial returns for businesses with women at the helm.