How Women Are Succeeding with Crowdfunding, Angel Investing and Venture Capital Join women interested in making the best possible use of their capital while investing in women-led businesses. Our lively, informative event features a panel discussion on how women entrepreneurs and investors are finding the “bright spots” in equity.

1. Finding the
Bright Spots
Shereen Shermak
Launch Angels CEO &
Active Angel
The Easiest Way to a Venture Portfolio

2. Tweet out your Bright Spot
#fundwomen
@launch_angels
@shrubed
Shereen Shermak
@changds
David Chang
@karaemiller
Kara Miller
@ellen_rubin
Ellen Rubin
@julespieri
Jules Pieri
2

3. A ‘not so bright’ spot.
7
8
4.2 to 7% of VC funding goes to
women-led businesses
3

4. Bright
Spot
1
Barriers fall when old policies
change
Female
Engineers
Female
Engineers
5 years
Male
Engineers
Male
Engineers
Carnegie Mellon increased the number of female
engineering students from 7% to 42%
…in less than 5 years
4

5. Bright
Spot
1
PayPal Start Tank ensured a gender
diverse selection committee
Over 1/3 of the companies in previous Start Tank
cycles had women founders.
In the newest batch, 6 out of the 14 startups have
women founders.
5

6. Another ‘not so bright’ spot:
Using the same exact pitch…
Men are 40% more likely to
receive funding than women.
6

7. Bright
Spot
2
‘Blind auditions’ increase
diversity
From the 1970s to 1990s,
women increased from 10% to 35%
7

8. Bright
Spot
2
Crowdfunding enables nearer
‘gender blind’ evaluations
*UK
8

9. People naturally favor people like
themselves
•
Dominant groups overall tend to form more relationships
•
These relationships are how VCs find entrepreneurs and
allocate capital
•
NYU study in 2011 found VCs are more likely to select startups with
coethnic executives for investment, particularly when the probability of
the startups’ success appears low (and are of lower observable quality).
9

10. Bright
Spot
3
Diverse investors leads to
diverse investments
Women Angels
25%
22%
20%
17%
15%
12%
11%
13%
12%
10%
5%
0%
2007
2008
2009
2010
2011
2012
In 2012, 16% of entrepreneurs seeking angel
capital were women, 25% received investments.
10

11. Increasing VC capital controlled by
women improves chances for women-led
ventures
Female venture capitalists are forming their own
funds
 Rivet Ventures
 Women’s Venture Capital Fund
 Launch Angels
11

12. Launch Angels Women-Led Fund
Enabling
Action
• Raising capital from Angels now
• Fund closes in March
Make
Immediate
Impact
• First investment in April
Investment
Goals
• Women-led
• Women-backed
• Women-friendly
12

13. The easiest way to a venture portfolio.
www.launch-angels.com | shereens@launch-angels.com
@launch_angels
13

14. Sources
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
Angel Resource Institute, Silicon Valley Bank & CB. Oct. 16, 2013. Insights Q2 2013 Halo Report. Retrieved from http://www.cbinsights.com/blog/trends/angel-investmentdata-q2-2013
Koetsier, J. Feb. 19, 2013. Rise of the Angel Investor Infographic. Retrieved from http://venturebeat.com/2013/02/19/the-rise-of-the-angel-investor-infographic/
Sekhon, S. May 1, 2013. Crowdfunding Statistics and Trends Infographic. Retrieved from http://blog.gogetfunding.com/crowdfunding-statistics-and-trends-infographic/
Crowdfunding Intermediary Regulatory Advocates. Apr. 8, 2013. Studies Show 81% Jump in Crowdfunding and a $3.98 Billion Crowdfund Investing Market. Retrieved from
http://www.cfira.org/?p=2184
Sohl, J. Apr. 25, 2013. The Angel Investor Market in 2012: A Moderating Recovery Continues. Retrieved from http://blog.gogetfunding.com/crowdfunding-statistics-andtrends-infographic/
Ibid
Ibid
Kerr, W. Apr. 15, 2010. The Consequences of Entrepreneurial Finance: A Regression Discontinuity Analysis. Retrieved from http://hbswk.hbs.edu/item/6347.html
Farrell, M. Apr. 26, 2013. Women boosting funding of start-ups. Retrieved from http://www.bostonglobe.com/business/2013/04/25/more-women-writing-checks-fundstart-ups/z8pgHQdNiEL0dhdzDPCykM/story.html
Information for Development Program/The World Bank. Oct. 24, 2013. Crowdfunding’s Potential for the Developing World. Retrieved from
http://www.infodev.org/crowdfunding
Casserly, M. Apr. 25, 2013. Tipping the Scales: Women Angel Investing Reaches All-Time High. Retrieved from
http://www.forbes.com/sites/meghancasserly/2013/04/25/tipping-the-scales-women-angel-investing-reaches-all-time-high/
Ewing Marion Kauffman Foundation. Nov. 2009. Where Will the Jobs Come From? Retrieved from
http://www.kauffman.org/~/media/kauffman_org/archive/researchreport/2011/4/where_will_the_jobs_come_from.pdf
Angel Capital Association. July 15, 2013. New SEC Rules Could Kill Angel Investing, Hurt Startups, and Hinder Job Growth. Retrieved from http://online.wsj.com/article/PRCO-20130716-908735.html
Center for Venture Research. Apr. 25, 2013. The Angel Investor Market in 2012. Retrieved from https://paulcollege.unh.edu/research/center-venture-research/cvranalysis-reports
Stengel, G. May 29, 2013. 5 Ways to Get More Entrepreneurs on the World’s Most Powerful Women’s List. Retrieved from
http://www.forbes.com/sites/geristengel/2013/05/29/5-ways-to-get-more-entrepreneurs-on-the-worlds-most-powerful-women-list/
Baum, S. Apr. 25, 2013. Proportion of Women Angel Investors Rose in 2012. Retrieved from http://medcitynews.com/2013/04/report-proportion-of-women-angelinvestors-rose-in-2012/
Casserly, M. Apr. 25, 2013. Tipping the Scales: Women Angel Investing Reaches All-Time High. Retrieved from
http://www.forbes.com/sites/meghancasserly/2013/04/25/tipping-the-scales-women-angel-investing-reaches-all-time-high/
Stengel, G. Jan. 30, 2013. Why Crowdfunding is a Game-Change for Women Entrepreneurs. Retrieved from http://www.forbes.com/sites/geristengel/2013/01/30/whycrowdfunding-is-a-game-change-for-women-entrepreneurs/
Ibid
Alois, J. Mar. 7, 2013. Women Are More Successful at Crowdfunding Startups. Retrieved from http://www.crowdfundinsider.com/2013/03/11376-women-are-moresuccessful-at-crowdfunding-startups/
Information for Development Program/The World Bank. Oct. 24, 2013. Crowdfunding’s Potential for the Developing World. Retrieved from
http://www.infodev.org/crowdfunding
Crowdsourcing.org. (n.d.) Retrieved from http://www.statista.com/statistics/251577/growth-in-the-number-of-crowdfunding-platforms-by-category/
14