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M12 and VC partners commit $4 million to empower women entrepreneurs
Today, I’m proud to announce that Microsoft’s corporate venture fund, M12, is joining forces with EQT Ventures and SVB Financial Group to launch the Female Founders Competition, a global startup contest to identify top female talent and accelerate access to capital for women entrepreneurs. We’ve all heard the long odds facing women founders in tech. Last year, female founders received just 2.2 percent of total global venture capital funding, and only 17 percent of all startups have at least one female founder, despite the fact that gender diversity on executive teams correlates with greater profitability and value creation.
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