By Baris Akyurek, Guest Blogger
The other day I was thinking about why I haven’t seen as many female Angels at events. I know many Canadian women who are entrepreneurs but for some reason they do not seem to invest in early-stage companies as often as men.
About 20% of the students in my finance and accounting classes in business school were women. The figure shrank to 5% in my Private Equity and Venture Capital class. The reason? I am not too sure (I sense a good research opportunity). There are many successful female entrepreneurs, there are many successful women in the capital markets, but there seem not to be many female Angels, at least in Canada.
Countering this trend is Ms. Anna Sofat, who founded the first female-backed angel investor group in the U.K., called Addidi. According to the website, Addidi is dedicated to finding wealth management solutions that suit women – and their partners and families.
NACO would love to see more women follow in her footsteps and attend our events as well. We run ahead of the curve (established in 2009 US statistics from the Center for Venture Research where 11.3% of Angels are women) in having three fine women Angels on our board. Also, in our draft renewal of our Best Practices, we note that the participation of women in the process of due diligence is essential for a true evaluation.
If you are a female investor and are interested in Angel Investing in Canada, please do not hesitate to contact us… we would love to hear from you! After all, wouldn’t you want to found the first female-backed Angel Investing fund in Canada, akin to Golden Seeds in the United States?
Reposted from National Angel Capital Organization. Baris Akyurek is a NACO associate.