GTAN – Angel network aims to recruit more female investors

Article via The Record – Getting more women to become investors in early-stage startups will help increase the number of female leaders in the tech sector, says the founder of the country’s first accelerator for women entrepreneurs.

Danielle Graham created the Fierce Founders accelerator at Communitech, which will graduate its third cohort of startups at the end of March. She is involved in a Golden Triangle Angel Network initiative to recruit more women as investors called Women Invest Today.

“There is a significant correlation between the number of women who are investors and the number of women who are getting funded,” said Graham.

 

Angel investors, individuals who provide capital for new ventures, play a critical role in a startup ecosystem. After founders have tapped out family and friends, they often are the next step.

Graham joined the board of directors of the Golden Triangle Angel Network, and has helped organize three events to educate women who are interested in becoming angel investors. The first event was held in November; two more are planned for early next year.

“We are hoping the women who came to the first event come to all three, and bring friends,” said Graham. “We are hoping to gain momentum.”

It can be difficult for men to see the opportunities in startups focused on products or services for women, she said.

“There are a number of female founders who are going into environments where it is all male investors,” said Graham. “When you talk about the amount of investment women have received in Canada, it is extremely low number.”

Read the full article here.

Posted by Melissa Durrell on January 4, 2018


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