Microsoft wants to give $4 million to two female-led startups

Microsoft wants to give $4 million to two female-led startups

6 years ago
Anonymous $RBasgWKaIV

https://www.cnet.com/news/microsoft-wants-to-give-4-million-to-two-female-led-startups/

"These are companies who might not have been on our radar," Peggy Johnson, Microsoft's head of business development, said in an interview.

Microsoft said there's good reason for its focus. Companies founded solely by women represented just 2.2 percent of all venture capital funding in the US last year, according to data from industry tracker Pitchbook. Yet, research consistently shows that women-led companies tend to generate better returns.