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universities, Silicon Valley startups, and global businesses; country-specific navigation and content; and access to financing from Gust’s vast early-stage investor network. In 2013, the global youth unemployment rate was estimated at 12.6%, or 73 million people. This critical resource could not come at a more pressing time.
There is an unmet need of $260 billion to $320 billion for women-owned company funding, according to a 2013 study conducted by the International Finance Corporation. Data show that men were four times as likely as women to access equity financing from angel investors or VCs (14.4% Women entrepreneurs and fundraising.
In 2013 (the year before we launched Rise of the Rest), states outside of California, Massachusetts, and New York received a total of $7.6B Beyond the numbers, the impact of that capital has also translated into jobs, economicgrowth, and success stories that have inspired others to start or back companies in their hometowns.
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