45% (31/69) of new Australian VC investments completed by Artesian over last 12 months have a female co-founder. However, little progress has been made in attracting female startup investors to the ecosystem: <5% of active seed/angel investors are women AFR article
From feedback we have received there are a multitude of reasons for this material gender gap – it is clearly a systemic problem that needs to be addressed with multiple initiatives
Four key reasons for the gap include:
- Amount of earnings/savings – the average super balance for males is around $153,000 while for females it is around $102,000
- Less female role models in VC/tech and networks of investors dominated by men.
- Other investments take priority – angel/VC not the most interesting
- Education – Financial literacy within Australia is above OECD average – but, within the OECD, Australia has one of the largest gender gaps in financial literacy.