With a steadily rising rate of young women between the ages of 18 to 35 launching businesses, the future is undoubtedly female.
By Brianna Salinas, Illustrations by Jessica Wetterer
Only 2.4% of entrepreneurial women are under the age of 25. That percentage grows to 13.1% when talking about entrepreneurial women between the ages of 25 to 34. Women aged 35 to 44 make up a total of 17.7% of entrepreneurial women.
According to the Global Entrepreneurship Monitor 2018/2019 report, there was a 4% increase in women entrepreneurs aged 25 to 34 from 2018 to 2019. Women entrepreneurs in the age group 18 to 24 rose from 13% to 15% in 2018 and 2019.
According to a study conducted by Jenifer Kuadli of LegalJobs, 30% of women entrepreneurs are younger than 40.
Many in the 2017 class of the Forbes Under 30 are young women who have started woman-focused endeavors. One such young woman, Joanne Yuan, joined Cowboy Ventures as an associate partner. “Yuan joined the $95 million-raised VC fund in January 2015 after working 30 hours per week for the female-centric firm while still a full-time student at the Stanford Graduate School of Business,” reports Forbes. Further, she founded the investment committee of the Women’s Building, the first woman-owned and operated community center in the country, which serves 20,000 women and families every year.
Women under 30 are also making waves in the med-tech industry. In 2016, Nicole Moskowitz (26) and Jessica Traver (25) co-founded IntuiTap Medical, a company that’s “looking to streamline the spinal tap process.” According to Forbes, “They use imaging technology, pressure sensors and predictive analytics to make the procedure more accurate and pleasant for patients.”