26 Letters, Dojour, and Others to Participate in Lunar Startups UnDemo Event

by Valerie Lockhart

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Undemo Event Poster - Lunar Startups

Of all the businesses in the private sector, 39% are owned by women. Of those, 47% are owned by women of color. Women-owned businesses produce nearly two trillion dollars in revenue annually, but only 25% of women seek financing to open, relying instead on bank loans and credit cards. This may largely be due to the fact that only 2% of venture capital is given to women, and they typically start their businesses with 50% less total upfront capital than that of their male counterparts. And when that data is narrowed to Minnesota, the numbers are even more grim. 85% of all venture capital is given to businesses opening in California, New York, and Massachusetts.

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