If you can’t beat ‘em, join ‘em. And if you can’t join ‘em, well, then start your own. That seems to be the attitude of women who for years wanted to join exclusive investment groups that made millions funding startup companies, but found it hard to break into this male-dominated world.
Not so anymore. The number of all-female angel investment groups – groups of wealthy individuals who invest in start-up companies – has grown over the last decade. In 2005, women represented approximately 8.7 percent of the angel market, according to the Center for Venture Research. In 2010 that figure had risen to 13 percent. There are currently seven or eight women-focused angel groups in the U.S., up from three in 2005, some of which have hundreds of members, says Marianne Hudson, executive director of the Angel Capital Association, an industry trade organization with 340 member groups.
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