Silicon Valley Is a Boys Club. But This City Is Surprisingly Good for Women in Tech
When Amelia Friedman, 24, needed money to launch her app-building tech startup, Hatch Apps, in the summer of 2016, she didn’t have to go far. The Washington, D.C. native found an enormous ecosystem of friends and supporters in the capital region eager to fund Hatch themselves or connect her to others who could and would. In the end, Hatch’s $1 million seed round was more than half funded by Friedman’s contacts.
Friedman’s story might have ended differently in another part of the country. In 2017, 79% of venture capital was raised by all-male teams, or companies with no women on the founding team. In many cities, the “boys club” still dominates, propelled by a venture capital community where 94.3% of decision-makers are men.