#12: Anne Ravanona
Episode 12 - Anne Ravanona - Opportunity Loss: Closing the $300 billion global funding gap between men and women
Key Points:
Anne is on a mission to get more women entrepreneurs funded
Need to close the $300 billion funding gap between men and women
Help women understand the funding system, including the language, the biases and how to navigate the system
Change the funding system to provide fair and equal access to funding
After a successful business career, when Anne hit 40 she asked herself what she wanted to do with her life. The answer was a resounding “help female entrepreneurs.” This is when Anne created Global Invest Her.
We’ve all read the stories about low funding for women but Anne is stepping up to build a network of women to help other women entrepreneurs. The funding gap between men and women is a whopping $300 billion, which is enormous. Anne’s mission is to close that gap and teach women how to navigate this complex system: one with ever-changing players and rules.
Successful female entrepreneurs help other women who are seeking funding by explaining their own journeys and how they were successful in the process. Change is coming, but only slowly: we’re still a long way off from equal funding, despite women being 51% of the global population.
Anne walks us through some of the brutal statistics and why most of the investment world is missing out on so many great ideas. The “opportunity loss” numbers are not easy to quantify but it seems hard to believe that businesses are fully realizing their potential when so few female startup founders receive funding and even when they do, the amounts are generally lower.
While there are a few positive examples of existing investment funds, what’s really exciting today is the number of new funds created by women that focus on funding and assisting women.
As depressing as the current statistics can be, there’s good reason to be hopeful for something better moving forward. As Anne tells us in the episode, anyone wanting to team up to address this issue needs to talk with her so they can collaborate and create that better environment that we’re all demanding.