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Female check writers alone are not enough to close the female fundraising gap, data shows

Hello, and welcome back to Equity, a podcast about the startup business, where we unravel the numbers and nuances behind the headlines.

This is our Wednesday show, where we narrow down to one person, reflect on their work, and unwrap the rest. This week, Natasha interviewed Kaisa Snelmanan economic sociologist and an associate professor of Organizational Behavior and Academic Director of the INSEAD Gender Initiative. We know, we know, it’s a flex.

We’re going to talk about: Kaisa’s recent Harvard Business Review piece with Isabelle Solal: For female founders, only fundraising from female VCs incurs a fee. The duo’s research states that women-led startups whose first round came exclusively from female VCs were two times less likely to raise a second round, regardless of initial funding round size, industry, geography. or investor prestige.

Listen to the entire conversation before jumping to conclusions, but let’s just say this conversation really went into the numbers and nuances behind the headlines.

The data is both revolutionary and provocative.

This is what we started:

  • How people view female founders just raising money from female investors, and the pitching bias that persists in the world
  • Why the answer to imbalances is more complicated than getting female check writers to the table
  • And finally, we talk about how diversity quotas and funds can have unintended consequences that are worth thinking about a little more.

Equity is back on Friday with a familiar voice you might miss, but you can follow us on Twitter in the meantime @EquityPod.

For episode transcripts and more, visit Equity’s Simplecast website.

Equity drops every Monday at 10am PT and at 7am PT on Wednesdays and Fridays, so subscribe to us at Apple podcasts, Cloudy, Spotify And all casts. australiabusinessblog.com also has one great show on cryptoa show founders being intervieweda dat describes how our stories come together and more!


Shreya has been with australiabusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider australiabusinessblog.com, Shreya seeks to understand an audience before creating memorable, persuasive copy.

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