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Surprising effects of gender bias and its impact on venture financing | Dana Kanze | TEDxPeachtree


this is me at five years old

this is me at five years old shortly before jumping into this

shortly before jumping into this

shortly before jumping into this beautifully still pool of water I soon

beautifully still pool of water I soon

beautifully still pool of water I soon find out the hard way that this pool is

find out the hard way that this pool is

find out the hard way that this pool is completely empty

completely empty

completely empty because the ice-cold water is near

because the ice-cold water is near

because the ice-cold water is near freezing and literally takes my breath

freezing and literally takes my breath

freezing and literally takes my breath away even though I already know how to

away even though I already know how to

away even though I already know how to swim I can’t get up to the water’s

swim I can’t get up to the water’s

swim I can’t get up to the water’s surface no matter how hard I try that’s

surface no matter how hard I try that’s

surface no matter how hard I try that’s the last thing I remember trying to do

the last thing I remember trying to do

the last thing I remember trying to do before blacking out

before blacking out

before blacking out turns out the lifeguard on duty had been

turns out the lifeguard on duty had been

turns out the lifeguard on duty had been chatting with two girls when I jumped in

chatting with two girls when I jumped in

chatting with two girls when I jumped in and I was soon underwater so he couldn’t

and I was soon underwater so he couldn’t

and I was soon underwater so he couldn’t actually see or hear me struggle I was

actually see or hear me struggle I was

actually see or hear me struggle I was eventually saved by a girl walking near

eventually saved by a girl walking near

eventually saved by a girl walking near the pool who happened to look down and

the pool who happened to look down and

the pool who happened to look down and see me the next thing I know I’m getting

see me the next thing I know I’m getting

see me the next thing I know I’m getting mouth-to-mouth and being rushed to the

mouth-to-mouth and being rushed to the

mouth-to-mouth and being rushed to the hospital to determine the extent of my

hospital to determine the extent of my

hospital to determine the extent of my brain loss if I had been flailing at the

brain loss if I had been flailing at the

brain loss if I had been flailing at the water’s surface

water’s surface

water’s surface the lifeguard would have noticed and

the lifeguard would have noticed and

the lifeguard would have noticed and come to save me I share this near-death

come to save me I share this near-death

come to save me I share this near-death experience because it illustrates how

experience because it illustrates how

experience because it illustrates how dangerous things are when they’re just

dangerous things are when they’re just

dangerous things are when they’re just beneath the surface today I study

beneath the surface today I study

beneath the surface today I study implicit gender bias and startups which

implicit gender bias and startups which

implicit gender bias and startups which I consider to be far more insidious than

I consider to be far more insidious than

I consider to be far more insidious than mere overt bias for this very same

mere overt bias for this very same

mere overt bias for this very same reason when we see or hear an investor

reason when we see or hear an investor

reason when we see or hear an investor behaving inappropriately towards an

behaving inappropriately towards an

behaving inappropriately towards an entrepreneur we’re aware of the problem

entrepreneur we’re aware of the problem

entrepreneur we’re aware of the problem and at least have a chance to do

and at least have a chance to do

and at least have a chance to do something about it but what if there are

something about it but what if there are

something about it but what if there are subtle differences in the interactions

subtle differences in the interactions

subtle differences in the interactions between investors and entrepreneurs that

between investors and entrepreneurs that

between investors and entrepreneurs that can affect their outcomes differences

can affect their outcomes differences

can affect their outcomes differences that we’re not conscious of that we

that we’re not conscious of that we

that we’re not conscious of that we can’t directly see or hear before

can’t directly see or hear before

can’t directly see or hear before studying startups at Columbia Business

studying startups at Columbia Business

studying startups at Columbia Business School I spent five years running and

School I spent five years running and

School I spent five years running and raising money for my own startup I

raising money for my own startup I

raising money for my own startup I remember constantly racing around to

remember constantly racing around to

remember constantly racing around to meet with prospective investors while

meet with prospective investors while

meet with prospective investors while trying to manage my actual business at

trying to manage my actual business at

trying to manage my actual business at one point I joked that I had reluctantly

one point I joked that I had reluctantly

one point I joked that I had reluctantly pitched each and every family member

pitched each and every family member

pitched each and every family member friends colleague angel

friends colleague angel

friends colleague angel Buster and vici this side of the

Buster and vici this side of the

Buster and vici this side of the Mississippi well in the process of

Mississippi well in the process of

Mississippi well in the process of speaking to all these investors I

speaking to all these investors I

speaking to all these investors I noticed something interesting was

noticed something interesting was

noticed something interesting was happening I was getting asked a very

happening I was getting asked a very

happening I was getting asked a very different set of questions than my male

different set of questions than my male

different set of questions than my male co-founder I got asked just about

co-founder I got asked just about

co-founder I got asked just about everything that could go wrong with the

everything that could go wrong with the

everything that could go wrong with the venture to induce investor losses while

venture to induce investor losses while

venture to induce investor losses while my male co-founder was asked about our

my male co-founder was asked about our

my male co-founder was asked about our ventures homerun potential to maximize

ventures homerun potential to maximize

ventures homerun potential to maximize investor gains essentially everything

investor gains essentially everything

investor gains essentially everything that could go right with a venture he

that could go right with a venture he

that could go right with a venture he that asked how many new customers we

that asked how many new customers we

that asked how many new customers we were gonna bring on well I got asked how

were gonna bring on well I got asked how

were gonna bring on well I got asked how we were gonna hang on to the ones we

we were gonna hang on to the ones we

we were gonna hang on to the ones we already had well as the CEO of the

already had well as the CEO of the

already had well as the CEO of the company I found this to be rather odd in

company I found this to be rather odd in

company I found this to be rather odd in fact I felt like I was taking crazy

fact I felt like I was taking crazy

fact I felt like I was taking crazy pills but I eventually rationalized it

pills but I eventually rationalized it

pills but I eventually rationalized it by thinking maybe this has to do with

by thinking maybe this has to do with

by thinking maybe this has to do with how I’m presenting myself or it’s

how I’m presenting myself or it’s

how I’m presenting myself or it’s something simply unique to my startup

something simply unique to my startup

something simply unique to my startup well years later I made the difficult

well years later I made the difficult

well years later I made the difficult decision to leave my startup so I could

decision to leave my startup so I could

decision to leave my startup so I could pursue a lifelong dream of getting my

pursue a lifelong dream of getting my

pursue a lifelong dream of getting my PhD it was at Columbia that I learned

PhD it was at Columbia that I learned

PhD it was at Columbia that I learned about a social psychological theory

about a social psychological theory

about a social psychological theory originated by Professor Tori Higgins

originated by Professor Tori Higgins

originated by Professor Tori Higgins called regulatory focus which

called regulatory focus which

called regulatory focus which differentiates between two distinct

differentiates between two distinct

differentiates between two distinct motivational orientations of promotion

motivational orientations of promotion

motivational orientations of promotion and prevention a promotion focus is

and prevention a promotion focus is

and prevention a promotion focus is concerned with gains and emphasizes

concerned with gains and emphasizes

concerned with gains and emphasizes hopes accomplishments and advancement

hopes accomplishments and advancement

hopes accomplishments and advancement needs while a prevention focus is

needs while a prevention focus is

needs while a prevention focus is concerned with losses and emphasizes

concerned with losses and emphasizes

concerned with losses and emphasizes safety responsibility and security needs

safety responsibility and security needs

safety responsibility and security needs since the best case scenario for

since the best case scenario for

since the best case scenario for prevention focus is to simply maintain

prevention focus is to simply maintain

prevention focus is to simply maintain the status quo this has us treading

the status quo this has us treading

the status quo this has us treading water just to stay afloat while

water just to stay afloat while

water just to stay afloat while promotion folks focus instead has a

promotion folks focus instead has a

promotion folks focus instead has a swimming in the right direction it’s

swimming in the right direction it’s

swimming in the right direction it’s just a matter of how far we can advance

just a matter of how far we can advance

just a matter of how far we can advance well I had my very own Eureka moment

well I had my very own Eureka moment

well I had my very own Eureka moment when it dawned on me that this concept

when it dawned on me that this concept

when it dawned on me that this concept of promotion sounded a lot like the

of promotion sounded a lot like the

of promotion sounded a lot like the questions posed to my male co-founder

questions posed to my male co-founder

questions posed to my male co-founder while prevention resembled those

while prevention resembled those

while prevention resembled those questions asked of me as an

questions asked of me as an

questions asked of me as an entrepreneurship scholar I started

entrepreneurship scholar I started

entrepreneurship scholar I started digging into the research on startup

digging into the research on startup

digging into the research on startup financing and discovered there’s an

financing and discovered there’s an

financing and discovered there’s an enormous gap between the amount of funds

enormous gap between the amount of funds

enormous gap between the amount of funds that male and female founders raised

that male and female founders raised

that male and female founders raised although women

although women

although women found 38% of US companies they only get

found 38% of US companies they only get

found 38% of US companies they only get 2% of the venture funding I got to

2% of the venture funding I got to

2% of the venture funding I got to thinking what if this funding gap is not

thinking what if this funding gap is not

thinking what if this funding gap is not due to any fundamental difference in the

due to any fundamental difference in the

due to any fundamental difference in the businesses started by men and women what

businesses started by men and women what

businesses started by men and women what if women get less funding than men due

if women get less funding than men due

if women get less funding than men due to a simple difference in the questions

to a simple difference in the questions

to a simple difference in the questions that they get asked after all when it

that they get asked after all when it

that they get asked after all when it comes to venture funding entrepreneurs

comes to venture funding entrepreneurs

comes to venture funding entrepreneurs need to convince investors of their

need to convince investors of their

need to convince investors of their startups homerun potential it’s not

startups homerun potential it’s not

startups homerun potential it’s not enough to merely demonstrate you’re not

enough to merely demonstrate you’re not

enough to merely demonstrate you’re not going to lose your investors money so it

going to lose your investors money so it

going to lose your investors money so it makes sense that women would be getting

makes sense that women would be getting

makes sense that women would be getting less funding than men if they’re

less funding than men if they’re

less funding than men if they’re engaging in prevention as opposed to

engaging in prevention as opposed to

engaging in prevention as opposed to promotion oriented dialogues why got the

promotion oriented dialogues why got the

promotion oriented dialogues why got the chance to test this hypothesis on

chance to test this hypothesis on

chance to test this hypothesis on companies with similar quality and

companies with similar quality and

companies with similar quality and funding needs across all years that the

funding needs across all years that the

funding needs across all years that the funding competition known as TechCrunch

funding competition known as TechCrunch

funding competition known as TechCrunch Disrupt startup battlefields has run in

Disrupt startup battlefields has run in

Disrupt startup battlefields has run in New York City since its inception in

New York City since its inception in

New York City since its inception in 2010 TechCrunch is widely regarded as

2010 TechCrunch is widely regarded as

2010 TechCrunch is widely regarded as the ideal place for startups o launch

the ideal place for startups o launch

the ideal place for startups o launch with participants including startups

with participants including startups

with participants including startups that have since become household names

that have since become household names

that have since become household names like Dropbox Fitbit and mint presenting

like Dropbox Fitbit and mint presenting

like Dropbox Fitbit and mint presenting to some of the world’s most prominent

to some of the world’s most prominent

to some of the world’s most prominent VCS will despite the comparability of

VCS will despite the comparability of

VCS will despite the comparability of companies in my sample mail that

companies in my sample mail that

companies in my sample mail that startups went on to raise five times as

startups went on to raise five times as

startups went on to raise five times as much funding as a female at once this

much funding as a female at once this

much funding as a female at once this made me especially curious to see what’s

made me especially curious to see what’s

made me especially curious to see what’s driving this gender disparity well took

driving this gender disparity well took

driving this gender disparity well took a while but I got my hands on all the

a while but I got my hands on all the

a while but I got my hands on all the videos of both the pitches and the Q&A

videos of both the pitches and the Q&A

videos of both the pitches and the Q&A sessions from TechCrunch and I had them

sessions from TechCrunch and I had them

sessions from TechCrunch and I had them transcribed I first analyzed the

transcribed I first analyzed the

transcribed I first analyzed the transcripts by loading a dictionary of

transcripts by loading a dictionary of

transcripts by loading a dictionary of regulatory focused terms into the

regulatory focused terms into the

regulatory focused terms into the linguistic inquiry and word count

linguistic inquiry and word count

linguistic inquiry and word count software called Luke this Luke software

software called Luke this Luke software

software called Luke this Luke software generated the frequencies of promotion

generated the frequencies of promotion

generated the frequencies of promotion and Prevention words in the transcribed

and Prevention words in the transcribed

and Prevention words in the transcribed text as a second method I had each of

text as a second method I had each of

text as a second method I had each of the questions and answers manually coded

the questions and answers manually coded

the questions and answers manually coded by the Tori Higgins research lab at

by the Tori Higgins research lab at

by the Tori Higgins research lab at Columbia regardless of the topic at hand

Columbia regardless of the topic at hand

Columbia regardless of the topic at hand an intention can be framed in promotion

an intention can be framed in promotion

an intention can be framed in promotion or prevention let’s take that

or prevention let’s take that

or prevention let’s take that pick of customers I mentioned briefly

pick of customers I mentioned briefly

pick of customers I mentioned briefly earlier a promotion coded question

earlier a promotion coded question

earlier a promotion coded question sounds like how many new customers do

sounds like how many new customers do

sounds like how many new customers do you plan to acquire this year well a

you plan to acquire this year well a

you plan to acquire this year well a prevention coded one sounds like how do

prevention coded one sounds like how do

prevention coded one sounds like how do you plan to retain your existing

you plan to retain your existing

you plan to retain your existing customers during the same time I also

customers during the same time I also

customers during the same time I also gathered background information on the

gathered background information on the

gathered background information on the startups and entrepreneurs that can

startups and entrepreneurs that can

startups and entrepreneurs that can affect their funding outcomes like the

affect their funding outcomes like the

affect their funding outcomes like the startups age quality and funding needs

startups age quality and funding needs

startups age quality and funding needs and the entrepreneurs past experience so

and the entrepreneurs past experience so

and the entrepreneurs past experience so I could use these data points as

I could use these data points as

I could use these data points as controls in my analysis well the very

controls in my analysis well the very

controls in my analysis well the very first thing that I found is that there’s

first thing that I found is that there’s

first thing that I found is that there’s no difference in the way entrepreneurs

no difference in the way entrepreneurs

no difference in the way entrepreneurs present their companies in other words

present their companies in other words

present their companies in other words both male and female entrepreneurs use

both male and female entrepreneurs use

both male and female entrepreneurs use similar degrees of promotion and

similar degrees of promotion and

similar degrees of promotion and prevention language in their actual

prevention language in their actual

prevention language in their actual pitches so having ruled out this

pitches so having ruled out this

pitches so having ruled out this difference on the entrepreneur side I

difference on the entrepreneur side I

difference on the entrepreneur side I then moved on to the investor side

then moved on to the investor side

then moved on to the investor side analyzing this six minutes of Q&A

analyzing this six minutes of Q&A

analyzing this six minutes of Q&A sessions that entrepreneurs engaged in

sessions that entrepreneurs engaged in

sessions that entrepreneurs engaged in with the VCS after pitching when

with the VCS after pitching when

with the VCS after pitching when examining the nearly 2000 questions and

examining the nearly 2000 questions and

examining the nearly 2000 questions and corresponding answers in these exchanges

corresponding answers in these exchanges

corresponding answers in these exchanges both of my methods showed significant

both of my methods showed significant

both of my methods showed significant support for the fact that male

support for the fact that male

support for the fact that male entrepreneurs get asked promotion

entrepreneurs get asked promotion

entrepreneurs get asked promotion questions and female entrepreneurs get

questions and female entrepreneurs get

questions and female entrepreneurs get asked prevention questions in fact a

asked prevention questions in fact a

asked prevention questions in fact a whopping 67% of the questions posed to

whopping 67% of the questions posed to

whopping 67% of the questions posed to male entrepreneurs for promotion focused

male entrepreneurs for promotion focused

male entrepreneurs for promotion focused while 66% of those posed to female

while 66% of those posed to female

while 66% of those posed to female entrepreneurs were prevention focused

entrepreneurs were prevention focused

entrepreneurs were prevention focused what’s especially interesting is that I

what’s especially interesting is that I

what’s especially interesting is that I expected female VCS

expected female VCS

expected female VCS to behave similarly to male VC’s given

to behave similarly to male VC’s given

to behave similarly to male VC’s given its prevalence in the popular media and

its prevalence in the popular media and

its prevalence in the popular media and the venture funding literature I

the venture funding literature I

the venture funding literature I expected the birds with other theory of

expected the birds with other theory of

expected the birds with other theory of homophily to hold here

homophily to hold here

homophily to hold here meaning that male VCS would favor male

meaning that male VCS would favor male

meaning that male VCS would favor male entrepreneurs with promotion questions

entrepreneurs with promotion questions

entrepreneurs with promotion questions and female VCS would do the same for

and female VCS would do the same for

and female VCS would do the same for female entrepreneurs but instead all

female entrepreneurs but instead all

female entrepreneurs but instead all VC’s displayed the same implicit gender

VC’s displayed the same implicit gender

VC’s displayed the same implicit gender bias manifested in the regulatory focus

bias manifested in the regulatory focus

bias manifested in the regulatory focus of the questions they posed to male

of the questions they posed to male

of the questions they posed to male versus female candidates so female these

versus female candidates so female these

versus female candidates so female these these asked male entrepreneurs promotion

these asked male entrepreneurs promotion

these asked male entrepreneurs promotion questions and then turned around and

questions and then turned around and

questions and then turned around and asked female entrepreneurs prevention

asked female entrepreneurs prevention

asked female entrepreneurs prevention questions just like the male VC’s did so

questions just like the male VC’s did so

questions just like the male VC’s did so given the facts that both male and

given the facts that both male and

given the facts that both male and female VCS are displaying this implicit

female VCS are displaying this implicit

female VCS are displaying this implicit gender bias what effect if any does this

gender bias what effect if any does this

gender bias what effect if any does this have on startup funding outcomes my

have on startup funding outcomes my

have on startup funding outcomes my research shows it has a significant

research shows it has a significant

research shows it has a significant effect the regulatory focus of investor

effect the regulatory focus of investor

effect the regulatory focus of investor questions not only predicted how well

questions not only predicted how well

questions not only predicted how well the startups would perform at the

the startups would perform at the

the startups would perform at the TechCrunch Disrupt competitions but also

TechCrunch Disrupt competitions but also

TechCrunch Disrupt competitions but also how much funding the startups went on to

how much funding the startups went on to

how much funding the startups went on to raise in the open market those startups

raise in the open market those startups

raise in the open market those startups who are asked for dominantly promotion

who are asked for dominantly promotion

who are asked for dominantly promotion questions went on to raise seven times

questions went on to raise seven times

questions went on to raise seven times as much funding as those asked for

as much funding as those asked for

as much funding as those asked for venturing questions but I didn’t stop

venturing questions but I didn’t stop

venturing questions but I didn’t stop there I then moved on to analyze

there I then moved on to analyze

there I then moved on to analyze entrepreneurs responses to those

entrepreneurs responses to those

entrepreneurs responses to those questions and I found that entrepreneurs

questions and I found that entrepreneurs

questions and I found that entrepreneurs are apt to respond in kind to the

are apt to respond in kind to the

are apt to respond in kind to the questions they get meaning a promotion

questions they get meaning a promotion

questions they get meaning a promotion question B gets a promotion response and

question B gets a promotion response and

question B gets a promotion response and a prevention question B gets a

a prevention question B gets a

a prevention question B gets a prevention response now this might make

prevention response now this might make

prevention response now this might make intuitive sense to all of us here but it

intuitive sense to all of us here but it

intuitive sense to all of us here but it has some unfortunate consequences in

has some unfortunate consequences in

has some unfortunate consequences in this context of venture funding so what

this context of venture funding so what

this context of venture funding so what ends up happening is that a male

ends up happening is that a male

ends up happening is that a male entrepreneur gets asked a promotion

entrepreneur gets asked a promotion

entrepreneur gets asked a promotion question granting him the luxury to

question granting him the luxury to

question granting him the luxury to reinforce his association with the

reinforce his association with the

reinforce his association with the favorable domain of gains by responding

favorable domain of gains by responding

favorable domain of gains by responding in kind while a female entrepreneur gets

in kind while a female entrepreneur gets

in kind while a female entrepreneur gets asked to prevention question and

asked to prevention question and

asked to prevention question and inadvertently aggravates her association

inadvertently aggravates her association

inadvertently aggravates her association with the unfavorable domain of losses by

with the unfavorable domain of losses by

with the unfavorable domain of losses by doing so these responses then trigger

doing so these responses then trigger

doing so these responses then trigger venture capitalists subsequent bias

venture capitalists subsequent bias

venture capitalists subsequent bias questions and the questions and answers

questions and the questions and answers

questions and the questions and answers collectively fuel a cycle of bias that

collectively fuel a cycle of bias that

collectively fuel a cycle of bias that merely perpetuates the gender disparity

merely perpetuates the gender disparity

merely perpetuates the gender disparity pretty depressing stuff right well

pretty depressing stuff right well

pretty depressing stuff right well fortunately there’s a silver lining to

fortunately there’s a silver lining to

fortunately there’s a silver lining to my findings those plucky entrepreneurs

my findings those plucky entrepreneurs

my findings those plucky entrepreneurs who managed to switch focus by

who managed to switch focus by

who managed to switch focus by responding to prevention questions with

responding to prevention questions with

responding to prevention questions with promotion answers went on to raise 14

promotion answers went on to raise 14

promotion answers went on to raise 14 times more funding than those who

times more funding than those who

times more funding than those who responded to prevention questions with

responded to prevention questions with

responded to prevention questions with prevention answers

prevention answers

prevention answers so what this means is that if you’re

so what this means is that if you’re

so what this means is that if you’re asked a question about defending your

asked a question about defending your

asked a question about defending your startup’s market share you’d be better

startup’s market share you’d be better

startup’s market share you’d be better served to frame your response around the

served to frame your response around the

served to frame your response around the size and growth potential of the overall

size and growth potential of the overall

size and growth potential of the overall pie as opposed to how you merely plan to

pie as opposed to how you merely plan to

pie as opposed to how you merely plan to protect your sliver of that pie so if I

protect your sliver of that pie so if I

protect your sliver of that pie so if I could ask this question

could ask this question

could ask this question I would say we’re playing in such a

I would say we’re playing in such a

I would say we’re playing in such a large and fast-growing market that’s

large and fast-growing market that’s

large and fast-growing market that’s bound to attract new entrance we plan to

bound to attract new entrance we plan to

bound to attract new entrance we plan to take increasing share in this market by

take increasing share in this market by

take increasing share in this market by leveraging our startups unique assets

leveraging our startups unique assets

leveraging our startups unique assets I’ve just subtly redirected this

I’ve just subtly redirected this

I’ve just subtly redirected this dialogue into the favorable domain of

dialogue into the favorable domain of

dialogue into the favorable domain of gains now these results are quite

gains now these results are quite

gains now these results are quite compelling among startups that launched

compelling among startups that launched

compelling among startups that launched at TechCrunch but field data can merely

at TechCrunch but field data can merely

at TechCrunch but field data can merely tell us that there’s a correlational

tell us that there’s a correlational

tell us that there’s a correlational relationship between regulatory focus

relationship between regulatory focus

relationship between regulatory focus and funding so I sought to see whether

and funding so I sought to see whether

and funding so I sought to see whether this difference in regulatory focus can

this difference in regulatory focus can

this difference in regulatory focus can actually cause funding outcomes by

actually cause funding outcomes by

actually cause funding outcomes by running a controlled experiment on both

running a controlled experiment on both

running a controlled experiment on both angel investors and ordinary people

angel investors and ordinary people

angel investors and ordinary people simulating the TechCrunch Disrupt

simulating the TechCrunch Disrupt

simulating the TechCrunch Disrupt environment

environment

environment I had participants listen to four

I had participants listen to four

I had participants listen to four six-minute audio files of ten

six-minute audio files of ten

six-minute audio files of ten question-and-answer exchanges that were

question-and-answer exchanges that were

question-and-answer exchanges that were manipulated for promotion and prevention

manipulated for promotion and prevention

manipulated for promotion and prevention language and then ask them to allocate a

language and then ask them to allocate a

language and then ask them to allocate a sum of funding to each venture as they

sum of funding to each venture as they

sum of funding to each venture as they saw fit well my experimental results

saw fit well my experimental results

saw fit well my experimental results reinforced my findings from the field

reinforced my findings from the field

reinforced my findings from the field those scenarios where entrepreneurs were

those scenarios where entrepreneurs were

those scenarios where entrepreneurs were asked promotion questions received twice

asked promotion questions received twice

asked promotion questions received twice the funding allocations of those were

the funding allocations of those were

the funding allocations of those were entrepreneurs were asked prevention

entrepreneurs were asked prevention

entrepreneurs were asked prevention questions what’s especially promising is

questions what’s especially promising is

questions what’s especially promising is the fact that those scenarios where

the fact that those scenarios where

the fact that those scenarios where entrepreneurs switched as opposed to

entrepreneurs switched as opposed to

entrepreneurs switched as opposed to match focus when they received

match focus when they received

match focus when they received prevention questions received

prevention questions received

prevention questions received significantly more funding from both

significantly more funding from both

significantly more funding from both sets of participants so to my female

sets of participants so to my female

sets of participants so to my female entrepreneurs out there here are a

entrepreneurs out there here are a

entrepreneurs out there here are a couple simple things you could do the

couple simple things you could do the

couple simple things you could do the first is to recognize the question

first is to recognize the question

first is to recognize the question you’re being asked are you getting a

you’re being asked are you getting a

you’re being asked are you getting a prevention question if this is the case

prevention question if this is the case

prevention question if this is the case answer the question at hand by all means

answer the question at hand by all means

answer the question at hand by all means but merely frame your response in

but merely frame your response in

but merely frame your response in promotion and efforts of garner higher

promotion and efforts of garner higher

promotion and efforts of garner higher amounts of funding for your startups the

amounts of funding for your startups the

amounts of funding for your startups the unfortunate reality though

unfortunate reality though

unfortunate reality though is that both men and women evaluating

is that both men and women evaluating

is that both men and women evaluating startups display the same implicit

startups display the same implicit

startups display the same implicit gender bias in their questioning

gender bias in their questioning

gender bias in their questioning inadvertently favoring male

inadvertently favoring male

inadvertently favoring male entrepreneurs over female ones so do my

entrepreneurs over female ones so do my

entrepreneurs over female ones so do my investors out there I would offer that

investors out there I would offer that

investors out there I would offer that you have an opportunity here to approach

you have an opportunity here to approach

you have an opportunity here to approach Q&A sessions more even-handedly not just

Q&A sessions more even-handedly not just

Q&A sessions more even-handedly not just so that you could do the right thing but

so that you could do the right thing but

so that you could do the right thing but so that you can improve the quality of

so that you can improve the quality of

so that you can improve the quality of your decision-making by flashing the

your decision-making by flashing the

your decision-making by flashing the same light on every startups potential

same light on every startups potential

same light on every startups potential for gains and losses you enable all

for gains and losses you enable all

for gains and losses you enable all deserving startups to shine and you

deserving startups to shine and you

deserving startups to shine and you maximize returns in the process today I

maximize returns in the process today I

maximize returns in the process today I get to be that girl walking by the pool

get to be that girl walking by the pool

get to be that girl walking by the pool sounding the alarm that something is

sounding the alarm that something is

sounding the alarm that something is going on beneath the surface together we

going on beneath the surface together we

going on beneath the surface together we have the power to break this cycle of

have the power to break this cycle of

have the power to break this cycle of implicit gender bias and startup funding

implicit gender bias and startup funding

implicit gender bias and startup funding let’s give the most promising startups

let’s give the most promising startups

let’s give the most promising startups regardless of whether they’re led by men

regardless of whether they’re led by men

regardless of whether they’re led by men or women a fighting chance to grow and

or women a fighting chance to grow and

or women a fighting chance to grow and thrive thank you

thrive thank you

thrive thank you [Applause]

[Applause]

[Applause] [Music]

[Music]

[Music] you

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