Our goal is to help develop, fund, and scale 1,000,000 Female founded and led businesses each generating over $1,000,000 in annual revenue by December 31, 2025. Thereby contributing a minimum of $1,000,000,000,000 (One Trillion) to the global economy and changing generations for the better. This is one of three avenues in our business plan to make this a reality.
There are over eleven million women-owned businesses in the United States, not counting the rest of North America or the world for that matter. Women entrepreneurs are often determined innovators who have the potential to scale their businesses and contribute to the economy in countless ways.
However, ultimate success requires access to capital and influential networks to propel growth which are the very same qualities that build market-leading global companies. To contribute in the Economic Empowerment and Growth of women, we are taking decisive action. Just Fearless Angel Fund was created to fill the void of funding options for women led businesses.
We have set a goal for Just Fearless for the number of women owned businesses to fund in 2019.
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Please be sure to review our Investment Criteria before submitting an application.
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Venture capitalists invested $58.2 billion in companies with all-male founders in 2016. Meanwhile, women received just $1.46 billion in VC money last year, according to data from M&A, private equity, and venture capital database PitchBook. That massive disparity is due both to the differences in the number of deals and the average deal size by gender.
First, consider the volume of deals. In 2016, 5,839 male-founded companies got VC funding, compared to just 359 female-founded companies. In other words, companies run by men got more than 16 times more funding than companies run by women. (Companies with both male and female founders fared slightly better than those founded exclusively by women with 1,067 receiving funding.)
The average VC deal for among women-led companies last year was worth $4.5 million—compared to $6.1 million in 2015 and $5.1 million in 2014. Male-run companies experienced the reverse trend: They saw fewer deals, but larger average investments: $10.9 million in 2016, $9.7 million in 2015 and $8.4 million in 2014.
According to the Center for Venture Research, in 2016, only 26% of U.S. angel investors were women and only 5% were minorities. With numbers like this, it is apparent that our traditional way of funding is broken and something needs to change. Just Fearless Angels are taking action to dramatically change that!