Venture capitalists often work with people who they’ve never met before and most of the time they don’t work with the same people on a daily basis; they haven’t seen you perform. Cons? You are often judged on the first meeting and if you’re a woman, people often ask to talk to a man or a male junior whom they can look in the eye and speak. Harvard Business Reviews states that less than 5 percent of venture capital-funded firms have women on their executive team, meanwhile, only 2.7 percent of those firms had a woman CEO.
Women venture capitalists want a seat at the table
There is a lot of evidence that women entrepreneurs are successful at getting investments when bias is eliminated; First Round Capital revealed that 63 percent of companies fared better with a female founder than all-male founding members with regards to securing investments. Moreover, even as the talk of diversity and inclusion is on the rise, companies need to work harder to make better decisions and see things from different perspectives. So what do women venture capitalists want? A seat at the table, to begin with, first of all, and after which they would love to have equal access to be able to network with various people so as to collaborate with them while also giving good advice. Also, female VCs want to mentor other men and women in business while also wanting to be mentored by people who have plenty of experience in the business. Maya Chandrasekaran of Menterra Venture Advisors said, “Diversity makes business sense in investment teams, founding teams and on boards. A platform like this enables more opportunities for professional development for women as well as automatically encourages discussion on diversity in investment firms.”
There’s a long way to go in terms of gender equity in the Indian VC industry
One of the biggest problems in the venture capitalist world is that this sector is severely male-dominated to the extent that women are simply not welcomed. Hence, this culture of shunning women from their tables and rooms has resulted in women being discriminated simply because they are female and has also affected women in business in terms of securing funding for their companies and building bigger organizations in the future. Therefore, India has a long way to go in terms of the inclusion of women both in business and venture capitalism. Jayaroopa Jeyabarathi, Principal, Patamar Capital, said, “While many of the areas of discussion are not gender-specific, in some areas inputs are more likely to come from approachable, experienced women in the same industry. At this point, those numbers are not large, but it’s good to see the numbers growing.
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