I see: Combined Valuation (all companies): $600B Combined Valuation (Companies with women founders): $45B Still unbalanced, but closer to 15:1 as opposed to 4

I see: Combined Valuation (all companies): $600B Combined Valuation (Companies with women founders): $45B Still unbalanced, but closer to 15:1 as opposed to 49:1. That's also a comparisons that is totally useless without the base rate. If half the companies had female founders, it might be valid to say "why are the companies with women raising at a lower rate" but I'd be willing to bet that the application pool is heavily skewed male, and thus that the accepted pools are also heavily skewed male. It wouldn't shock me if that skew were on the order of 50:1. It also wouldn't shock me if it were trending in a more balanced direction; that would lead to a fundraising bias towards older companies that have raised more money over time and are more likely to have only men as founders.