Women are still counted as minority entrepreneurs. The sad part is that all minority entrepreneurs are rarely get funding, as the University of New Hampshire’s Center for Venture Research reports. “Minority entrepreneurs made up just 8.5% of the people pitching their businesses to angel investors in the first half of 2013″, – the report says.
Though minorities, including female entrepreneurs, receive much less investor attention and funding, female start ups are more successful. “A 2012 study by Dow Jones reported that 61% of startups with five or more females were successful and only 39% failed. No wonder Etsy recently grew their number of female engineers by 500% in 12 months.” (c) Forbes. Female entrepreneurs are known as hard-working, consistent, goal-oriented and better anti-crisis managers than men.
Business ladies are more conscious about socially related issues, healthy life style, education, that’s why many health care, child care, and human rights projects are run by women.
How to overcome traditional disrespect to women-entrepreneurs? How to attract investors’ attention? One of the ideas is creation of crowd-funding sites specially for business-ladies. One of such projects is Plum Alley whose motto is “Connecting women entrepreneurs with markets, capital & advice”. Plum Alley looks like a community where you can shop, submit your project for fundraising, get an expert advice, be an expert advisor in your field. The categories where you can show your expertise or try to get funds for your projects are “Film and Video”, “Education”, “Food and Beverage”, “Fashion”.
The Plum Alley project was launch as an e-commerce website over a year ago, and now it added a crowd-funding and advisory components. The reward based investments are quite similar to popular Kickstarter or Indiegogo, but in the case with Plum Alley the target audience is women.
Crowd-funding can be a game-changer for your ideas to make them work. Instead of looking for big investors and getting prepared for many business meetings, through crowd-funding sites you can receive smaller investments from the larger group of individuals. And there is a bonus to it – you build awareness, too.