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The number of businesses owned by women is increasing at
nearly twice the national average. Women-owned businesses
now account for one-third of all firms in the US. That's
according to "Paths to Entrepreneurship: New Directions
for Women in Business," a study released February 24, 1998,
by three prominent women's business organizations - the
National Foundation for Women Business Owners (NFWBO), Catalyst,
and The Committee of 200.
Just over half (51 percent) of women business owners with
prior private-sector experience cited the desire for more
flexibility as the major reason for leaving their corporate
position, while 29 percent named "glass ceiling" issues.
Nothing ventured, nothing gained
Venture capital funding rose to a record $11.48 billion
in 1997, according to the latest figures available from
VentureOne Corp., a San Francisco-based research firm. This
represented an 18 percent increase over 1996, previously
a record year during which venture-capital financing skyrocketed
42 percent.
VentureOne also reports A venture capitalists funded a
total of 1,848 companies last year, tip 162 over 1996 figures.
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