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TED Talks Daily

The real reason female entrepreneurs get less funding | Dana Kanze

TED Talks Daily

TED

Creativity, Ted Podcast, Ted Talks Daily, Business, Design, Inspiration, Society & Culture, Science, Technology, Education, Tech Demo, Ted Talks, Ted, Entertainment, Tedtalks

4.111.9K Ratings

🗓️ 20 December 2018

⏱️ 15 minutes

🧾️ Download transcript

Summary

Women own 39 percent of all businesses in the US, but female startup founders get only two percent of venture funding. What's causing this gap? Dana Kanze shares research suggesting that it might be the types of questions start-up founders get asked when they're invited to pitch. Whether you're starting a new business or just having a conversation, learn how to spot the kinds of questions you're being asked -- and how to respond more effectively.

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Transcript

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0:00.0

This TED Talk features entrepreneur Dana Cairns recorded live at TEDx Peach Tree 2017.

0:07.0

This is me at five years old shortly before jumping into this beautifully still pool of water.

0:16.0

I soon find out the hard way that this pool is completely empty

0:21.3

because the ice cold water is near freezing and literally takes my breath away.

0:27.7

Even though I already know how to swim,

0:29.8

I can't get up to the water's surface no matter how hard I try.

0:34.5

That's the last thing I remember trying to do before blacking out. Turns out the lifeguard

0:40.2

on duty had been chatting with two girls when I jumped in, and I was soon underwater. So he couldn't

0:46.7

actually see or hear me struggle. I was eventually saved by a girl walking near the pool who happened to look down and see me.

0:56.7

The next thing I know, I'm getting mouth to mouth and being rushed to the hospital to determine

1:01.6

the extent of my brain loss. If I had been flailing at the water's surface, the lifeguard would

1:08.9

have noticed and come to save me. I share this near-death experience

1:13.9

because it illustrates how dangerous things are when they're just beneath the surface. Today, I study

1:22.0

implicit gender bias in startups, which I consider to be far more insidious than mere overt bias for this very same reason.

1:31.0

When we see or hear an investor behaving inappropriately towards an entrepreneur, we're aware of the problem,

1:38.3

and at least have a chance to do something about it.

1:41.8

But what if there are subtle differences in the interactions between investors and entrepreneurs

1:49.0

that can affect their outcomes, differences that we're not conscious of, that we can't directly

1:56.0

see or hear?

1:59.0

Before studying startups at Columbia Business School, I spent five years running and raising money

2:04.3

for my own startup. I remember constantly racing around to meet with prospective investors while trying

2:11.0

to manage my actual business. At one point, I joked that I had reluctantly pitched each and every family

...

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