Women in Tech Summit
Monday, October 4, 2021
Only 9% of Venture Capital general partners worldwide are women, and according to Deloitte, only 11% of women make up VC deciders. This reality propagates the 3% investment rate of venture money spent on all-women teams, with 83% of VC deals involving founding teams with no women. These statistics are troubling because, as Kauffman Fellows notes, women VCs invest more in women entrepreneurs and underrepresented founders than any other group.
Several cyclical elements regarding lack of representation contribute to the dismal statistics above. To become a general partner at a VC firm, you either have to be:
- A former successful entrepreneur;
- A former executive of a mid to large size company;
- From a private equity or investment banking background; or
- Have moved up the ranks of a VC firm (associate onwards)
The rarity of women in each of the spaces above contributes to homogenous portfolios, male-dominated teams, and emerging women VC’s inability to raise capital. This panel will discuss how to break the cycle of lack of women leaders at venture capital firms and how solving this problem will lead to more successful women tech entrepreneurs.
According to Crunchbase, just 800 female-founded startups globally received venture funding through mid-December of 2020. That’s a 27% decrease over the same period the year before. Fifty-eight percent of startups have less than $25k at their disposal during the startup phase, and only 1% ever make it to $1M in revenue.
In this fireside chat with Tina Dai (VC at Silverton Partners) and Ashley Rose (CEO and co-founder of Living Security), Ashley will share her story of how she successfully raised $20M+ from top investors to build a company that is experiencing 3x growth annually. Meanwhile, Tina will share her insights as an investor at the most active, longest-running VC firm in Austin.
According to Axios, women represent 13% of startup founders but own just 7% of founder equity and women make up 34% of startup employees but hold only 20% of startup employee equity. Explanations for these numbers include female founders selling larger stakes to investors than their male peers, founding teams not giving the same amount of equity, and that women are underrepresented among startup employees with large equity grants.
In this panel, we will address the guidelines for equity for startup founders and employees from Seed to Series A funding. This panel will discuss how startup employees can assign value to the quality of stock they can get, how to determine how much your equity will be worth in the future, and lastly, discuss why startup founders should structure employee option pools in a way that will help close the gender wealth gap.
Capital Factory’s Texas Fund, in partnership with Beam Angel Network, Seven Seven Six Fund, and Golden Seeds (Houston), is excited to announce the next $100,000 Investment Challenge at our 4th Annual Women In Tech Summit. The winner will also be awarded $10,000 in legal fee credits from Baker Botts. We are dedicated to increasing diversity in the tech community and making Capital Factory an inclusive environment for people of all backgrounds and identities.On October 4th, five technology startup finalists will pitch to a panel of advisors and judges made up of successful investors, entrepreneurs, and industry leaders. One will walk away with a $100,000 cash investment and a fast-track into Capital Factory.
Judging panel includes: Leigh Christie, Samina Farid, Lisa Besserman, and Lissie Garvin