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In 2018, only 3% of venture capital in the U.S went to companies with a female CEO. Yet, the number of female-owned businesses has risen both in the U.S. and around the world, and the number of women intending to become entrepreneurs globally has increased even more sharply. Women who venture into entrepreneurship are not poised to get a fair deal.

From our perspective, bias within the VC industry is preventing funds from being allocated to the best investment opportunities. (After all, a growing body of evidence recommends diversity as a guiding principle when building profitable VC investment portfolios). A recent string of high-profile IPO flops seems to confirm our hunch. If we want both better VC outcomes and more gender balance in entrepreneurship, we need to root out the bias hampering ventures at their earliest stages.

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