Jul 06, 2018

Goldman Sachs Invests $500 Million In Female-Led Businesses

36% of all businesses in America are owned by women. 40% of U.S. entrepreneurs are women. Yet only 2% of U.S. venture capital in 2017 went to startups led by women. See a problem? Goldman Sachs does, and it’s funding some serious efforts close the gender investing gap.

The company recently announced that it’s investing $500 million into female-led businesses through the Launch With GS initiative. This includes private, late-stage businesses that are either women-founded, women-led, or women-owned.

In addition, Goldman Sachs will begin seeding female investment managers who are starting funds of their own. With less than 2% of U.S. private equity firms are female-owned, the company hopes that encouraging more diversity among investment managers will in turn create more diversity among venture-backed companies. 

The Launch With GS initiative follows its previous 10,000 Women program, which launched in 2008. 10,000 Women invested $100 million into providing women-owned businesses in developing countries with business and management education. Since 2008, it has provided training to more than 10,000 female entrepreneurs across the globe.

Goldman Sachs leaders hope Launch With GS will not only generate strong investment returns, but also increase the pipeline of investment opportunities in women-led businesses. Says Goldman Sachs Chief Strategy Officer Stephanie Cohen, “empowering women makes sound economic sense.”  

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About the author

Zachary Child
Zach is studying economics at Brigham Young University, where he serves as a research assistant for Dr. Joseph Price. When he's not doing homework or research, you can find Zach skiing or practicing his disco skating skills. Zach plans to work in management consulting after he graduates.

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