According to Raina's research, female-led businesses have a greater chance of exiting well if the venture capital firm that backed them have female partners. After examining Crunchbase data on 600 firms, Raina found more evidence supporting the widely understood theory that male-led firms consistently exited at higher rates than female-led firms. 17 per cent of female founders had successful exits, compared to 27 per cent of male founders.
In the past, this trend has previously been explained in one of two ways: differences in risk aversion, and the differences in competitiveness. Both...
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