As the adage goes, “it takes money to make money.” For female entrepreneurs, that money can be elusive when starting a business or trying to grow one.
According to a Forbes article by Kerry Hannon, author of “Never Too Old to Get Rich: The Entrepreneur’s Guide to Starting a Business Mid-Life,” her friend Linda Abraham — a serial entrepreneur, angel investor and start-up board member told her the biggest hurdle for female entrepreneurs: “Raising capital. I am sorry to say that, but it’s true.”
Hannon interviewed several women in the early stages of starting ventures and each said that having enough seed money in the bank is what is slowing them down. A few said they considered launching a crowdfunding campaign — raising cash online through a campaign and inviting people to help them. But they were nervous about taking this non-traditional approach.
On today’s show, I am joined by Kate Anderson of iFundWomen, a popular crowdfunding platform for female entrepreneurs.
Kate Anderson is a leader in generating change and gender equality within the private fundraising space. As co-founder and Operations Director of iFundWomen, she has driven millions of dollars into the hands of female founders. iFundWomen’s flexible crowdfunding platform combines a pay-it-forward model, expert startup coaching, professional video production, and a private community for its entrepreneurs, all with the goal of helping female entrepreneurs launch and grow better businesses. Kate lives in Boston with her husband and their three kids, Maggie, JR and Audrey.