Women’s Small Businesses by the Numbers

“There is no royal flower-strewn path to success. And if there is, I have not found it, for if I have accomplished anything in life it is because I have been willing to work hard.”

– Madam C.J. Walker, America’s first female entrepreneur millionaire

In honor of National Women’s Small business month, here are some important numbers:

1,821 – the net number of new businesses started PER DAY by women 2019.

40% – According to the WBENC, 4 out of every 10 US businesses are woman-owned.

35 – According to Forbes, when private tech companies are run by women, the have a 35% higher ROI than similar businesses run by men.

500k – the number of jobs women-owned businesses added to the U.S. economy between 1997 and 2007.

1.8T – Businesses run by women produce about $1.8 trillion in revenue per year, according to the Women’s Business Enterprise National Council.

63% – According to Forbes, companies founded by women in First Round Capitol’s portfolio outperformed businesses founded by men by 63%.

9.4m – the number of people employed buy women-owned businesses in 2019.

11 – the number of years the average female business owner has operated their company.