Explaining the venture capital gender gapfrom @gracebeverley

Transcript

Google the richest women in the world, like, where they got their money from. It's rough. It's rough out there, guys. We wanna talk about it being tough out here because we can talk about it being tough out here. I'm gonna tell you something that if you don't no, will absolutely fucking blow your mind. And I'm gonna need you to stay with me because this affects you even if you don't think it does. Worldwide, 2% of venture capital funding goes to women founders. If you're listening to this and you're not an entrepreneur, you're gonna be like, okay, cool. I don't wanna start a business. That's not a problem for me. How many times have we sat next to a man that's been like, oh, the gender pay gap doesn't exist. It's illegal. You can't be paid a different amount for the same job, and therefore, we do have gender equality now. Absolutely tier fuck not. If you look around and you look at your phone, you look at the software you're using, you look at tier clothes you're wearing, I can bet that the very large majority of that will have been made because of venture capital funding. So you look at that list of richest women. Right? You look at that list of richest men. What have they done? They have built companies, and they have built companies through getting venture funding. It is almost impossible to grow a big business without getting venture capital funding. And so don't even talk about this being, like, fucking tough out here when the playing field is so far from level. Earlier this year, when my two male cofounders decided to start a company with me, their chances of raising funding for that business decreased by 81.5 by just adding me as a cofounder. Adding someone, a whole person with a great education who's best successful businesses before, adding me to the cofounders decreased their possibilities of raising funding by 81.5%. Fine. You don't care about that. Let's talk about how this affects fucking everyone. So first of all, we know that women founded companies hire more women, they pay women more, they have more equitable policies for women, they also statistically, in case you didn't know, far outperform male founded companies when venture bad. And even if none of those things come into your radar and you're absolutely fine with all of those things, then let me tell you that this funding gap is exactly why we are building a world for men by men. We talk about having gender equality. We talk about how far we've come. Yes. We've come so far. But it is things exactly like this funding gap, which mean that, for example, 97% of all of the scientific data we have on the human body, 97% is based only on men. It's 2024. How can you complain about something like the fact that the women who are richest in the world are richest by divorce? Do you know what got their husbands that money? Building companies. Statistically, women cannot even get fucking close. So how about you stop whining about the fact that apparently these women want money when actually what they want is lowered barriers to entry so that they can build their own shit, build a world that is actually made for them, and grow economies. But before that playing field is even close to levels, let's just not.