Want to do a startup? Better be a man.
According to a Santa Clara University study of 48,000 companies on Crunchbase, a startup-focused business directory, having a Y chromosome is “the primary determining factor for attaining funding.” Being a man, in other words, is more important for startup funding than attending a top university or even having prior startup exits. Plus, contrary to expectations that gender equality is getting closer and closer, funding for female founders — which was already bad — is getting worse.
Almost incredibly worse, in fact.
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