Sehrish Irum
My longtime friend and mentor (from my Silicon Alley Reporter days) Joanne Wilson wasn't afraid to talk about the way male investors approach women founders when I interviewed her in New York last month.
The bias, she says is, subconscious. And yet: "Some of the comments that come out of their mouth are shocking."
Now of course Joanne didn't name names, but here are a few things she says VCs have told women founders (in her words):
"So you're married. Are you going to get pregnant? Because I really don't want to invest in someone who's going to have a kid."
"So, you know, this is a really good business, I think it's amazing what you've built. But you know? You'll probably exit at $30M so I'll never really get my money out."
Sehrish Irum
Sehrish Irum
Joanne's conclusion: "As these women start building their businesses and they actually have traction and they are making money, I believe that they will have a lot more people looking at them on their next go-round, and not this one."
Joanne has invested in numerous women founders -- "I've not lost one yet," she said. She finds women are more diligent and not as cocky as men, though she'd like to see more women be a little more aggressive.
But, she notes, their confidence increases as their revenue grows or they raise money.
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