While women in the upper echelons of corporate America are singing the same old tune, “Still No Progress After Years of No Progress,” female entrepreneurs have something to rejoice about it.The number of $10-million-plus women-owned firms increased 57% — a growth rate nearly 50% more than $10-million-plus firms overall, according to Growing Under the Radar: An Exploration of the Achievement of Million-Dollar Women-Owned Firms.While the number is still small — nearly 20% of angels in 2012 invested in women-led businesses — the percentage grew more than 40% from the previous year, according to the Center of Venture Research, which studies early-stage equity financing for high-growth ventures. Even venture capitalists have increased their support of women-led companies. It’s still paltry, but the percentage of VC deals going to women-led businesses was 13% in first half of 2013. That’s nearly a 20% jump over 2012, according to Pitchbook, a venture-capital research firm.There is room for improvement, but the U.S. ranked #1 among 17 countries on having the conditions that foster high potential female entrepreneurship, according to Gender-Global Entrepreneurship Development Index (GEDI). These conditions include entrepreneurial environment, entrepreneurial eco-system and entrepreneurial aspirations.Woo hoo for women entrepreneurs! They will lead the way for women in other… Read full this story
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