The funding gap in start-up investing | Temie Giwa-Tubosun

TED Business

TED

Business, Modupe Akinola, Ted Business Podcast, Business Leadership Podcast, Ted Talks Business, Ted Modupe, Ted Talks

4 • 1.2K Ratings

🗓️ 15 August 2022

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

"It is time to close the funding gap for Black female-led start-ups the world over," says entrepreneur Temie Giwa-Tubosun, whose company LifeBank delivers life-saving medical supplies to remote areas in Africa. Today, LifeBank operates successfully across the continent, but Giwa-Tubosun knows that barriers to funding prevent many other brilliant business ideas from blossoming. She highlights examples of impactful women-led ventures around the world -- and challenges investors to help more of them thrive. After the talk our host Modupe Akinola delves further into what needs to happen to equal the playing field in entrepreneurship.

Transcript

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0:00.0	Ted Audio Collective
0:07.0	Most of us are aware of the gender pay gap, but did you know that gap also extends to
0:12.9	startup funding?
0:14.4	Yes, it does.
0:16.6	There's a lot of research showing just how much gender can influence the success of
0:21.3	new ventures.
0:23.2	In 2020, startups founded solely by women received 2.3 percent of global venture capital
0:29.7	funds, 2.3 percent.
0:34.2	And the racial pay gap extends here as well.
0:37.4	Black and Latina women founders only received less than half a percent of those funds.
0:43.2	The numbers are paltry.
0:45.7	So while organizations have focused some attention on reducing the gender pay gap in the corporate
0:51.0	world, what do we need to do to close the funding gap for women-led startups so that there's
0:57.5	greater equity in the entrepreneurship process?
1:05.2	I'm Madu Back in Ola, this is Ted Business.
1:08.7	Our speaker today is Temi Guatu Bosu, the founder and CEO of LifeBank, a Nigerian company
1:15.6	that delivers life-saving medical supplies to remote areas in Africa.
1:20.7	In this talk, Temi shares the obstacle she faced in getting funding for her own company
1:26.0	and celebrates all the milestones she accomplished in spite of these barriers.
1:31.2	She also highlights several female founders who are blazing trails and urges investors
1:36.8	to pay attention to their biases when choosing startups to support.
1:41.8	Then after the talk, I'll share some more information on women-led startups and discuss
	...

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