In Australia’s startup ecosystem, only 4.3% of startups are owned by women. Despite the fact that companies owned by women bring in 12% higher revenue on average, only 3-5% of female owned businesses receive venture capital.
What’s the reason for Aussie women not pursuing high-growth companies at an equal rate as their male counterparts? StartUp Victoria’s (Twitter handle here) Female Founders’ committee member Richenda Vermeulen shares her take on the most popular reasons below.
Her first is to be bold and brave but I added fail fast and move on because without failure, you most likely are not taking risks or innovating. When you trip up, you recover, learn your lesson and move on without missing a beat.