Best States for Female Entrepreneurs 2019—Definitive Ranking of All 50 States
Thursday, February 07, 2019
While the old saying “It’s a man’s world” is passé, there’s still evidence men have the upper hand in business—particularly the startup world. Women-owned startups face significant social and economic challenges, resulting in a remarkable disparity between male and female-launched businesses.
For example, a recent study by Biz2Credit revealed that women who apply for business loans typically get 45% less than their male counterparts. Stereotypes and dated traditions play into this; 94% of venture capital firms are dominated by male decision-makers, according to Fortune magazine, while lingering concerns about the interruption of a woman raising a family leads some funders and supporters to question the likely success of female-owned ventures.