Connect with us

Business

Are women-led companies better positioned to survive the pandemic?

Published

on

Good morning, Broadsheet readers! Rep. Karen Bass is in the mix for VP, Rhode Island drops the rest of its name, and we check in on how female founders are faring amid the pandemic. Have a wonderful Wednesday. 

– Surveying startups. Given the multitude of ways the pandemic has hit women especially hard, I was particularly interested to check out this new survey from Female Founders Fund, which digs into the COVID-19 impact on women-led companies.

As you might expect, most female founders say their startups are feeling the effects—falling revenue, struggles to land new funding, and an acute pressure to cut costs.

But when Emma, who wrote about the survey here, attempted to get a sense of how the impact on these women-led ventures compares to venture-backed startups as a whole, a slightly different picture emerged. According to F3’s survey of female founders, 20% of respondents say they’ve actually increased revenue projections for the next year. Meanwhile, an April survey by Startup Genome of about 1,000 global startups found that 12% of respondents were experiencing that same kind of growth. Forty-six percent of the female founder survey respondents cut headcount costs through layoffs, furloughs, or salary reductions. Compare that to the Startup Genome survey respondents, 74% of whom said they had terminated workers.

To be sure, these surveys are nowhere near apples-to-apples comparisons. But it’s interesting—and refreshing!—to consider the ways in which women-led startups might actually be better positioned to withstand the pandemic than many of their male-led counterparts.

For more on the current state of female founders’ businesses, you can read Emma’s full story here.

Kristen Bellstrom
kristen.bellstrom@fortune.com
@kayelbee

Today’s Broadsheet was curated by Emma Hinchliffe

Continue Reading
Comments

Business

George Soros says Russia’s gas storage is almost full — and Europe should hold its nerve

Published

on

Billionaire investor George Soros says Putin is “obviously blackmailing Europe.”

Continue Reading

Business

Podcasting for Profit: How to Turn Your Podcast Into a Full-Time Job

Published

on

Here are a few tips that can help earn your living from podcasting, which include accepting sponsorships, inviting guests and putting more emphasis on your show’s quality.

Continue Reading

Business

3 Pipeline Stocks To Watch As Permian Ramps Up Gas Output

Published

on

Continue Reading

Trending

Copyright © 2020 Global Biz Feed