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00:00SHOULD EXPECT WITH ZINA SHAKIRA. GOOD TO HAVE YOU WITH US. DO YOU HAVE ANY IDEA WHY THAT NUMBER IS SHRINKING? > > GREAT TO BE BACK. WE SAW A RECORD-BREAKING YEAR IN TERMS OF DOLLARS DEPLOYED TO VENTURE BACKED COMPANIES IN 2021. THAT IS THE OTHER RECENT NEWS THAT CAME OVER THE YEAR. OVER $630 BILLION GLOBALLY, $320 BILLION OR SO IN THE U.S. ALONE. WHILE THE WRONG NUMBER OF DOLLARS GOING INTO WOMEN LED COMPANIES IS INCREASING, THE PERCENTAGE IS LOWER THAN IT HAS BEEN SINCE 2016. THAT NUMBER IS DIFFERENT WHEN YOU TAKE INTO ACCOUNT MALE COFOUNDERS. IT IS ALSO QUITE SHOCKING WHEN YOU CONSIDER THE PERFORMANCE OF WOMEN LED COMPANIES. BOTH ON THE PRIVATE SIDE AND THE PUBLIC SIDE. THERE IS DATA ACROSS-THE-BOARD SHOWING HIGHER REVENUE, BETTER ROI FOR INVESTORS, SHORTER TIME TO EXIT, AND IT IS JUST AGAINST THE DECLINE IN TERMS OF PERCENTAGE OF DOLLARS DEPLOYED. EMILY: SO THERE IS THE GLASS HALF-FULL, THAT OVERALL, DOLLARS ARE INCREASING, WHICH MEANS OVERALL FUNDING IS INCREASING, BUT WOMEN ARE STILL GETTING A SMALLER PIECE OF THAT OVERALL PIE, WHAT NEEDS TO CHANGE AFTER ME TO AN SILICON VALLEY THAT ORGANIZATIONS HAVE SOUNDED THE ALARM ON THIS ISSUE? > > I THINK WE ARE IN A MUCH BETTER PLACE IN A LOT OF WAYS. THERE ARE ORGANIZATIONS FOCUSED ON INCREASING THE POOL OF CAPITAL, INCREASING THE NUMBER OF CHECK WRITERS. OTHERS HAVE SHOWN THE CORRELATION BETWEEN DIVERSE COMPANIES, IN TERMS OF FOUNDERS. SO THE MORE WE SEE, THE MORE WE SEE THIS NUMBER INCREASING. THERE ' S ALSO THE MACRO PICTURE. IF WE LOOK AT THE REPRESENTATION OF WOMEN TAKING THEIR COMPANIES PUBLIC, THE COVER OF FORTUNE MAGAZINE WAS TALKING ABOUT THE NEWLY MINTED BILLIONAIRE FOUNDERS. WHITNEY WILL HEARD, YOU SEE AND WERE JANKY TAKING HER COMPANY PUBLIC. ON JULIE ' S DUDE FROM VENIAL. IT ' S A VERY DIFFERENT PICTURE THAN WHAT WE HAVE SEEN. SO I THINK IT WILL HAVE AN IMPACT. REPRESENTATION MATTERS ACROSS-THE-BOARD. MY DAUGHTER A FEW MONTHS AGO ASKED ME IF BOYS CAN GROW UP TO BECOME VC ' S. THE MORE THE NEXT GENERATION SEES PEOPLE LIKE US HAVING THESE CONVERSATIONS, FOUNDING AND FUNDING THESE COMPANIES, THE MORE WE SEE THE NEEDLE MOVING OVER TIME. EMILY: AND YOUR JOB IS TREND SPOTTING, FIGURING OUT WHERE TO MAKE THE NEXT BIG BET, WHAT ARE THE TRENDS YOU SEE TAKING HOLD IN 2022? > > IT HAS BEEN A VERY EVENTFUL 18 DAYS IN 2022. NOT ONLY DID WE WRAP UP A MASSIVE YEAR FOR THE INDUSTRY, BUT WE HAVE SEEN DOUBLE-DIGIT BILLIONS OF DOLLARS ANNOUNCED, INVESTING AND MORE COMPANIES. WE CONTINUE TO BE EXCITED ABOUT THE POTENTIAL OF DEEP AND GROUNDBREAKING SCIENTIFIC TECHNOLOGY TO MOVE THE NEEDLE. HEALTH TAG BEING AN AREA ALTHOUGH THERE MIGHT BE UP AND DOWNS, WE ARE EXCITED ABOUT IT. IN TERMS OF THE LONG-TERM VIEW. WOMEN ' S HEALTH IS AN AREA WE HAVE SPOKEN OUT WHEN WE ANNOUNCED OUR SERIES. THERE ARE SO MANY DIFFERENT OPPORTUNITIES IN THIS SPACE. NOT ONLY ARE WOMEN REPRESENTED, IN TERMS OF THE POPULATION NUMBERS, BUT THEY CONTROL 80% OF THE DOLLARS IN HEALTH CARE. ONLY 4% OF DOLLARS, IN TERMS OF R & D, ARE BEING DEPLOYED TOWARD FINDING SOLUTIONS IN WOMEN ' S HEALTH. WE NEED BETTER SOLUTIONS FOR EARLY DETECTION OF CANCER, MORE INNOVATION IN THE MEDICAID SPACE, WHERE NEARLY HALF OF BABIES IN THE U.S. ARE BORN. WE ARE ALSO EXCITED ABOUT OPPORTUNITIES TO BOLSTER THE INFRASTRUCTURE OF DIGITAL HEALTH. WHO WILL BECOME THE NEXT TO POWER THE DIGITAL HEALTH REVOLUTION. EMILY: HOW DO WE ENSURE WOMEN HAVE A SEAT AT THE TABLE WITH THESE NEXT BIG WAVES? I ' M WORRIED IS NOT HAPPENING IN CRYPTO. HOW DOES IT HAPPEN WITH DIGITAL HEALTH AND THE METAVERSE? > > > > LAST WEEK, WE ANNOUNCED AN ORGANIZATION I WAS A FOUNDING MEMBER OF THAT BRITTANY SCHMIDT STARTED, TALKING ABOUT HOW WOMEN SHOULD HAVE A SEAT AT THE TABLE. WE SAW A LOT OF CONVERSATIONS ABOUT WEB TWO VERSUS WEB THREE AND WOMEN WERE ABSENT. MANY CREATORS ARE MALE.

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Why Only 2% of VC Money Went to Women

Lux Capital Partner Deena Shakir joins Emily Chang to discuss why only 2% of total 2021 VC deals went to women founders, how VC funding for women-founded startups looks like in 2022 and what more needs to be done to level the playing field. She also shares the areas she thinks have the most investment potential in health tech. (Source: Bloomberg)

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