The Hero Arm, developed by Open Bionics, cofounded by Samantha Payne, is the world’s first … [+]
Open Bionics
Earlier this week an investor asked me why women can’t just get VC funding. “Am I missing something?” he asked. I took a deep breath and dropped the facts about the culture and economy of men funding men.
Fact: Only 2% of funding goes to women-led startups. For women of color, the stats are far more dismal at just 0.64%.
Fact: Global investment funding for women-led startups dropped 30% between 2019 and 2020, despite it having been a record year of fundraising for startups – but for startups led by men.
Fact: Even with the rise of FemTech startups, which are focusing on women’s healthcare—a sector that’s historically been significantly overlooked and undermined, only 3% of total HealthTech funding went to FemTech startups in…