b'Maddy Cross 2021, roughly on par withany guide), he adds.prior years. Only 19 companies globally Notion CapitalThere are no indicationsare dragons currently. Stripe,Its difficult toof any change to this yet.the payments company However, the latest analysis blaze a trail whenof founding teams of newfounded by Patrick and John Collison is one. Others youre staring atunicorn start-ups showsinclude Elon Musks SpaceX that the share of companies a jungle. with female founders or co- and TikTok owner ByteDance, founders is holding steady. Instacart and Revolut. About half of unicorns areFortune Magazine sited U.S. companies, with the restthe only female-founded spread across continents.and female led company They represent sectors fromin this elite category as the e-commerce to blockchain toAustralian graphic design biotech. With the Financialcompany Canva, coming in at Times reporting only 3 womena whopping $40 billion. on its list of UKs Top 100Not only does that crown the Entrepreneurs and Statistacompany as the worlds most findings indicating that,valuable software start-up, globally only around 20% ofit mints the business as the start-ups have at least oneworlds most valuable female-female founder, there appearsfounded and female-led to be a long road ahead to improve this gender expanse. start-up.It is rare to find a female-co-companies with a combinedDragons founded decacorn. It is even value of $2.6 trillion. Unicorns,more rare to have one led it seems, are no longer rare orAsthe momentum ofby a female CEO. Based on mythical. Duocorns, headedchange continues to gatherdata from Pitchbook, Canva by women, however, are stillspeed, even the general termis the most valuable start-up extremely rare. Unicorn has already becomefounded and led by a woman The unicorn club has alwaysoutdated in favour of thein the world today. Melanie been open to men andnew term Dragons, used toPerkins CEO and co-founder.women. But in the five- describe companies that areWhile this shows progress, plus years as tracked byvalued at $12 billion or more,female entrepreneurs still TechCruch, venture-backednet of venture funding. face significant challenges as companies valued at $1 billionWriting on Axios recently,they launch their companies. and up, the vast majority havereporter Primack argued thatCrunchbase found in 2020, had all-male founding teams. given the increasingly largeonly 2.3 percent of female-As of August, at least 39number of unicorns, it is time private companies with allto ditch the term in favourfounded start-ups receive women or both men andof dragons.support from VCs. This is a women on their foundingDragons are much bigger,key factor in the significantly teams have crossed the $1stronger and more awe- small percentage of Unicorns, billion valuation mark for theinspiring than unicornsDuocorns and Dragons first time, per Crunchbasesaid Primack, They destroyin women led start-ups. data. That represents 12whatevers in their path,Its clearly time that VCs percent of the 327 total newand their own destruction isstepped up to back the vision unicorns minted globally inviewed as catastrophic (atof these rare and valuable the first seven months ofleast if Game of Thrones isfemale entrepreneurs.11'