What it Means to be a Woman in the Pitching Room by Victoria Wejchert

Automatic Summary

A Woman’s Experience in the Pitching Room: Combating Bias and Bridging the Gap

Today, we're delving into an incredibly relevant and crucial topic in today's professional world - the female experience in historically male-dominated fields, particularly in pitching rooms and investing arenas. This piece explores a myriad of specific instances of bias and discrimination, reinforcing the necessity of consciousness and initiatives in place for uplifting women entrepreneurs and investors.

Background of a Powerhouse Female Investor

Born in Ireland to Polish immigrant parents that fled communism, our subject moved back to Poland in the late nineties. She was raised in an environment of utopian equality until she landed in the UK for college. Very soon, she experienced the unruly biases towards her based on her nationality and gender.

Despite her experiences, she continued forging ahead, becoming a successful investor that dealt with significant bias in business meetings and professional gatherings. She shared that she had to tirelessly work 150% harder than her male counterparts to be seen as equal.

Understanding the Statistical Landscape to Break the Bias

The biases and disparity are mirrored in the statistics regarding female entrepreneurs and investors. According to PWC, only 2% of VC funds go to female-funded businesses. Moreover, an astounding 87% of funding goes to all-male teams, and women control a meager 1-3.5% of assets under management.

However, let's not overlook the fact that women-led businesses are performing beautifully. Women-owned businesses generated $1.8 trillion in the economy last year, and private tech companies led by women achieve 35% higher return on investment. Yet, the question remains - why are there still substantially fewer female investors and entrepreneurs?

Overcoming Challenges, Defying Odds, and Being the Change

Despite all the challenges, countless women are shaking up the business world with their resilience, innovation, and determination. It only requires an additional push on our part to help more women rise in the industry.

  • Showing up 150% more prepared: Ladies, just like our subject, let's be ready to outperform the odds through our rigorous preparation.
  • Acting as role models: Our actions today pave the way for the leaders of tomorrow. Let's be fair, unbiased, and supportive.
  • Supporting each other: Let's aim to uplift each other rather than competing for the limited opportunities. Our collective growth should be the end goal.

Tap Into Our Unique Strengths and Break Free from Stereotypes

One of the most critical aspects of overcoming these challenges is not trying to mimic a masculine approach to business but being authentic and utilizing our unique strengths as women.

Men successfully tap into their "feminine side", which helps them build and nourish professional relationships. Women, too, should harness the full spectrum of their capabilities. Business is not built on aggression but on robust and great relationships.

Conclusion

We need awareness initiatives to bridge the existing gender gap in the corporate world. However, we can also make changes on a daily basis by setting examples, being aware of our biases, and understanding the strength in our unique features. Rather than trying to fit ourselves into the existing frameworks, we should strive to remodel them to suit our abilities, our strengths, and our vision.


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