Are you a female entrepreneur? What about venture capital? How are you going to grow your business? Do you need a high risk business loan? How can you get it easily? Just read below and you’ll know.
Women entrepreneurs are faced with a new reality in the startup and venture capital world of today. The average deal size for a woman-led company made up more than $5 million in 2017. When it comes to a man-led company, the number is under $12 million.
Just 17% of startups in the US are founded by a woman entrepreneur. Besides, female-led companies have 3% of all venture capital. A study by First Round Capital shows that companies have a woman as a founder are outperforming all-male companies by 63%.
Are you a female entrepreneur trying to get a high risk business loan for your company? It’s important to turn to a reputable business funding provider to get access to the necessary working capital with fewer challenges.
Thanks to a respectable alternative online lender, you can get easily approved for an affordable business loan and expand your business successfully. Even your poor credit or lack of credit can’t be a problem for a reliable alternative online lender that specializes in the high risk field.
Female founders often hear “prevention-oriented” questions related to safety, responsibility, security, and vigilance. As for male founders, they’re often asked “promotion-oriented” questions referring to hopes, achievement, advancement, and ideals.
Based on a new Swedish study, female founders don’t get venture capital funding because of several reasons. These include biases associated with how venture capitalists view criteria like risk and potential to scale when applied to female entrepreneurs.
According to the founder of an ed-tech company, it’s not easy to get to $1 million as an entrepreneur, no matter you’re a male or female entrepreneur. However, men are getting there twice as often as women are. 6% of all men get to $1 million in revenue, which can’t be said about women who represent less than 3%. As the founder notes, that number is just too tiny.
So, if you’re looking for ways to grow your business, take the right steps and find a respectable business funding provider to work with.
Author Bio: As an account executive, Michael Hollis has funded millions by using alternative funding solutions, including a high risk business loan. His experience and extensive knowledge of the industry has become a true asset for First American Merchant.