Conventional wisdom would have it that Silicon Valley is the country’s most fertile ground for entrepreneurs seeking funding to grow startups. For women founders, however, The Big Apple is where it’s at, according to new data.
Women-led venture capital firm Female Founders Fund crunched the numbers on 2016 deals, focusing on Series A rounds. The fund, which both invests in women-run companies and tracks them, found that startups with female CEOs comprised 17% of Series As raised in New York in 2016.
In the Bay Area, that figure dipped to 10%. While women founders raised more Series A rounds in total on the west coast, they represented a smaller slice of the overall action versus men: 18 of 187, compared with 14 of 84 in New York.
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