If you are a woman looking to create a new app, product or service in the tech world—there may be no better time than now to start venturing into the exciting world of entrepreneurship. According to data found in the Survey of Business owners, it is a great year to be a female entrepreneur.
Sheryl Sandberg, COO of Facebook and one of America’s leading voices on women entrepreneurship wrote in her novel Lean In, “All women struggle, but women of color must overcome the double jeopardy, the one-two punch of sexism and racism.” Despite the fact that women of color often find themselves in a “double jeopardy” when it comes to the corporate world, statistics show that in the past few years, the growth of businesses started by women of color has been incredible. Fortune Magazine shares that since 2007, the number of companies owned by Asian women has increased by 44.3%; black women-owned businesses have grown by 67.5%; and Hispanic women-owned operations have increased by an exceptionally impressive 87.5%. Additionally, across all ethnicities– the number of women-owned businesses is increasing faster than the number of those owned by men. African American women actually own more businesses than their male counterparts. Nearly 60% at that!
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