Last year $84 billion of VC investment went to startups. Guess how much went to women-led ventures?

A measly 2.7% was invested in women-led companies, according to Fortune. And for women of color, the stats are far more dismal. Only .0006% of the $424.7 billion in total tech venture funding raised since 2009 went to black women founders, according to ProjectDiane.

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For years, the tech sector has shouted from the rooftops that code is power. On every panel they insisted “it’s a meritocracy! If you’re a good programmer or if you launch a kickass startup, you will succeed.” They said they were blind to gender, race, disability, sexual orientation, etc. …

About

Allyson Kapin

Founder of Women Who Tech, Co-Founder of web agency Rad Campaign. http://www.RadCampaign.com

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