This is an excerpt from my newest book The Angel Playbook: An Essential Guide for Entrepreneurs and Angel Investors.
SoGal Ventures is the first female-led millennial venture capital firm. It was founded by Pocket Sun and Elizabeth Galbut, Look at the stats, and you will see why Sun and Galbut are pioneers.
According to a working paper published by the Peterson Institute for International Economics, in 2014 almost 60 percent of companies in the world had no female board members. About 50 percent of companies worldwide had no female C-suite executives, and fewer than 5 percent had a female CEO. But this is not just about gender parity, which is important from a social perspective, it’s also about profitability, which is important to the health of any company. When the Peterson Institute team examined the profitable firms in their sample, they discovered that women in corporate leadership added to the profitability of the company. Even having just a 30 percent female share of leadership translated into a 15 percent increase in profitability.
Interestingly, it’s not just about getting women in …