Last week, 3 male students and 1 female student booked my Entrepreneur-in-Residence sessions at INSEAD to discuss their ventures.
๐ค What do they have in common?
๐จ๐ปโ๐๐ ๐๐๐ฅ๐ ๐ฌ๐ญ๐ฎ๐๐๐ง๐ญ๐ฌ:
Market size:
> $40Bn
When to hit $100M:
2-3 yrs
Current Revenue:
$0
How much to raise:
$2M
MVP: (Minimal viable product)
not available
Pitch Deck:
working on it
Proof of Concept:
talked to many MBA peers
Time Spent:
Full time
Confidence Level:
Definitely the next unicorn
๐ฉ๐ปโ๐๐ ๐ ๐๐ฆ๐๐ฅ๐ ๐ฌ๐ญ๐ฎ๐๐๐ง๐ญ:
Market size:
$3Bn
When to hit $100M:
โOMG, thatยดs far awayโ
Current Revenue:
>โฌ200k and profitable
How much to raise:
$250k
MVP:
a solid web platform that appears on the first Google page by search
Pitch Deck:
20 slides with solid numbers extra prepared for the session
Proof of Concept:
+8000 buying customers
Time Spent:
less than a year besides a full-time job
Confidence Level:
โIt is just a small business, I wish I could do betterโ
And she is a mum with 3 kidsโฆ.
๐ฅน๐ฅน๐ฅน๐ฅน๐ฅน
Yet, who is more likely to get funded during a pitch?
The 3 guys...
๐ก The fact is, female-founded companies generate 78 cents for every dollar of funding, as opposed to 31 cents for male-led companies.
๐ก Even out of the S&P 500 companies, there are only 41 female CEOs, but on average, they have significantly outperformed the other 459 male CEO-led companies.
๐ Yet, companies founded by women receive less than 3% of all venture capital investments.
๐๐ญ ๐ข๐ฌ ๐ญ๐ข๐ฆ๐ ๐ญ๐จ ๐ข๐ง๐ฏ๐๐ฌ๐ญ ๐ข๐ง ๐๐๐ฆ๐๐ฅ๐ ๐๐จ๐ฎ๐ง๐๐๐ซ๐ฌ, ๐ญ๐ก๐๐ฒ ๐ญ๐๐ง๐ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฉ๐ซ๐จ๐ฆ๐ข๐ฌ๐ ๐๐ง๐ ๐จ๐ฏ๐๐ซ๐๐๐ฅ๐ข๐ฏ๐๐ซ.
#FundFemaleFounders #GenderDifference #FindYourZazazu
Disclaimer:
Identities have been anonymized and stories are shared with permission of all 4 students.
๐ค What do they have in common?
๐จ๐ปโ๐๐ ๐๐๐ฅ๐ ๐ฌ๐ญ๐ฎ๐๐๐ง๐ญ๐ฌ:
Market size:
> $40Bn
When to hit $100M:
2-3 yrs
Current Revenue:
$0
How much to raise:
$2M
MVP: (Minimal viable product)
not available
Pitch Deck:
working on it
Proof of Concept:
talked to many MBA peers
Time Spent:
Full time
Confidence Level:
Definitely the next unicorn
๐ฉ๐ปโ๐๐ ๐ ๐๐ฆ๐๐ฅ๐ ๐ฌ๐ญ๐ฎ๐๐๐ง๐ญ:
Market size:
$3Bn
When to hit $100M:
โOMG, thatยดs far awayโ
Current Revenue:
>โฌ200k and profitable
How much to raise:
$250k
MVP:
a solid web platform that appears on the first Google page by search
Pitch Deck:
20 slides with solid numbers extra prepared for the session
Proof of Concept:
+8000 buying customers
Time Spent:
less than a year besides a full-time job
Confidence Level:
โIt is just a small business, I wish I could do betterโ
And she is a mum with 3 kidsโฆ.
๐ฅน๐ฅน๐ฅน๐ฅน๐ฅน
Yet, who is more likely to get funded during a pitch?
The 3 guys...
๐ก The fact is, female-founded companies generate 78 cents for every dollar of funding, as opposed to 31 cents for male-led companies.
๐ก Even out of the S&P 500 companies, there are only 41 female CEOs, but on average, they have significantly outperformed the other 459 male CEO-led companies.
๐ Yet, companies founded by women receive less than 3% of all venture capital investments.
๐๐ญ ๐ข๐ฌ ๐ญ๐ข๐ฆ๐ ๐ญ๐จ ๐ข๐ง๐ฏ๐๐ฌ๐ญ ๐ข๐ง ๐๐๐ฆ๐๐ฅ๐ ๐๐จ๐ฎ๐ง๐๐๐ซ๐ฌ, ๐ญ๐ก๐๐ฒ ๐ญ๐๐ง๐ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฉ๐ซ๐จ๐ฆ๐ข๐ฌ๐ ๐๐ง๐ ๐จ๐ฏ๐๐ซ๐๐๐ฅ๐ข๐ฏ๐๐ซ.
#FundFemaleFounders #GenderDifference #FindYourZazazu
Disclaimer:
Identities have been anonymized and stories are shared with permission of all 4 students.