Here are some interesting and useful facts about where women in the United States stand when it comes to starting businesses and getting funding. It’s clear that even though women are making gains when it comes to starting businesses, we still have a lot of work to do when it comes to getting women the capital they need to grow and thrive in their businesses.As we head into a new decade, it’s more important now than ever for investors to put their time and money into women-owned businesses.
- Between 2014 and 2019, the number of women-owned businesses rose 21%.1
- Employment by women-owned businesses grew 8% from 2014 to 2019.1
- The percentage of businesses that are women-owned skyrocketed from 4.6% in 1972 to 42% in 2019.
- The number of women-owned businesses and businesses that have equal ownership between men and women makes up 49% of all businesses in the country.1
- Together, these companies employ 14% of the country’s workforce and generate $3.2 trillion in revenue.1
- There are 114% more women entrepreneurs in the United States today than there were just 20 years ago.
- In 2019, an average of 1,817 women-owned businesses were started each day.1
- 62% of women business owners claim their business as their primary income source.2
- Women businesses owners are 43% more likely than men to feel concerned about getting access to the funding they need to grow their business.
Women investors and investments
- Women-led private tech companies led by women have 35% higher ROI.2
- Only 25% of women business owners actively seek business financing.2
- Women-owned startups only receive 7% of venture funds.2
- Women are 8% more successful crowdfunding than men.2
- In 2019, 57.4% of loans funded by the SBA Microloan program loaned went to women-owned or women-led businesses.2
- Women entrepreneurs on average ask for $35,000 less in business financing than men do.2
- The average loan amount a woman receives is $5,000 less than a man.2
- The number of women angel investors grew from 11% to 26% from 2004 – 2016.
- In 2018, only 2.2% of venture capital money went to women-owned businesses.
Women of color got less than 1% of all funding in 2019.5