OWL Report Highlights Power of Women Entrepreneurs
The National Older Women’s League (OWL), a Washington, D.C.-based advocacy group representing women over the age of 40, released a new report—OWL’s 2015 Mother’s Day Report: Our Women Mean Business: Encore Careers After 40—touting the untapped economic power of women entrepreneurs.
The report highlighted that:
women received only 7 percent in venture capital funds in the first half of 2013, citing Forbes.com; yet women-led technology firms, when backed by venture capital, bring in 12 percent more revenue than their male-led counterparts.
OWL has launched a campaign to increase the amount of venture capital going to women from 7 to 20 percent by 2020.
“What’s exciting about the trends we’re seeing now is the emphasis on getting women the tools they need to open new businesses,” says Bobbie Brinegar, executive director for OWL. “And it’s not necessarily about fairness. It’s about more economic opportunity for everyone.”
Brinegar underscores her point by citing a Babson College report that found 6 million jobs would be created over five years if women entrepreneurs started with the same amount of capital as men.
The 50-page-plus report is available in PDF format at owl-national.org and is filed under the “Publications” tab.