February 29, 2016
VA Angels is pleased to announce a new initiative to increase the number of women angel investors and women entrepreneurs served by the group.
“VA Angels is a place where female entrepreneurs can expect to be taken seriously and funded accordingly,” says Randy Thompson, CEO of VA Angels. “We are working hard to ensure that when women-led companies do present at the form, they encounter an aware and diverse group of investors.”
Kristina Milke, President of VA Angels, leads the Deal Screening committee. “We are looking for great scalable business to present to our members. We would love to see more female-led ventures applying.”
Currently only four percent of venture capital goes to women in North America. If women were financed to the same degree as male-led companies, it would create six million jobs in the next five years in North America.(1) Venture capital firms with women partners are more than three times as likely to invest in companies with female CEOs.(2)
“The research is very clear that diverse groups make better decisions and out-perform non-diverse groups”, says Rosalee Gordon, Director of Diversity for VA Angels. “In VA Angels, individual angels make their own decisions on whether to invest each company and for how much. Yet we discuss each deal together and we do influence each other’s decisions. It’s very important to have female investors at the table.”
“The time is right for a focused effort on improving gender diversity in the angel community,” says Rosalee Gordon. “As we roll out this initiative at each of our chapters, I am encountering a groundswell of support from both our male and female members. Many of our angels are already working this issue in their own spheres of influence – in academia, in business, in professional organizations. We don’t like the statistics we are seeing. We don’t like the pace of change. We have daughters, we have sisters, we have strong female role models in our lives. For many of us we care, and we care at a very personal level.
For more information about the Diversity initiative at VA Angels, please contact:
Director of Diversity
1 SheEO Fact Sheet: Radical Generosity www.sheeo.world
2 Babson College Study 2014 “Women Entrepreneurs 2014: Bridging the Gap in Venture Capital”