Amidst the COVID-19 pandemic in 2020, female-founded startups have had to adopt various methods of reducing company costs in order to compensate for declining revenue. Reduction of spend on rent and/or facilities was the most common type of budget cut, with 34 percent of founders adopting this method. This is followed by reduction of marketing costs, which was reported by 27 percent of founders. In a further effort to reduce costs stemming from workforce salaries, 22 percent of founders reported a headcount drop, while nine percent of founders decreased the salaries of executives.
Methods of cost reduction implemented by female founders as a result of the pandemic in 2020
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Statistics on Female-founded startups worldwide
Overview
3
Gender financing gap
5
- Premium Statistic VC funding to startups worldwide 2011-2020, by gender
- Premium Statistic Gender financing gap between male- and female-led startups globally 2020
- Premium Statistic Runway of female-founded startups worldwide 2020
- Premium Statistic Share of funding received by white-led and POC-led startups globally 2020
- Premium Statistic Average equity raised by non-accelerated startups globally 2020, by gender
Impact of accelerator participation
6
- Premium Statistic Female-led startups in accelerator programs based on selection committee 2020
- Premium Statistic Average equity raised by startups pre- and post-acceleration globally 2020, by gender
- Premium Statistic Debt investment raised by startups post-acceleration globally 2020, by gender
- Premium Statistic Average debt raised by startups pre- and post-acceleration globally 2020, by gender
- Premium Statistic Average debt raised by non-accelerated startups globally 2020, by gender
- Premium Statistic Post-acceleration revenue based on debt raised for startups globally 2020, by gender
Workplace harrassment
4
- Premium Statistic Types of people who harassed startup founders 2020, by gender
- Premium Statistic Prevalence of harassment experienced by startup founders 2020, by gender
- Premium Statistic Incidents of harassment experienced by female founders globally 2017 vs 2020
- Premium Statistic Prevalence of harassment experienced by female startup founders 2017 vs 2020
Impact of the pandemic
3
Further related statistics
17
- Number of firms pitched during last funding round among startup founders U.S. 2018
- Key factors in picking lead investor among startup founders in the U.S. 2018
- VC funding in female-founded startups in the U.S. 2006-2020
- Level of concern about selected issues among startup founders in the U.S. 2018
- Number of VC, corporate, and PE deals Spain 2018-2021
- Number of VC cannabis deals by stage U.S. and Canada 2014-2019
- VC cannabis deal values U.S. and Canada 2013-2019
- Number of VC cannabis deals U.S. and Canada 2013-2019
- Adult use cannabis VC deal values U.S. 2013-2019
- Annual growth of VC-backed cannabis companies U.S. and Canada 2013-2019
- Number of VC-backed cannabis companies U.S. and Canada 2008-2019
- VC cannabis deal values by stage U.S. and Canada 2014-2019
- VC backed healthcare funding Q3 2018-Q2 2020, by region
- Number of adult use VC cannabis deals by stage U.S. 2014-2019
- Credit utilization rate accommodation and food start-ups Belgium 2014-2018, by region
- Barriers in achieving sustainable cost reductions in U.S. helath organizations 2016
- Share of French people describing themselves as thrifty 2019, by gender
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Statistics
- Number of firms pitched during last funding round among startup founders U.S. 2018
- Key factors in picking lead investor among startup founders in the U.S. 2018
- VC funding in female-founded startups in the U.S. 2006-2020
- Level of concern about selected issues among startup founders in the U.S. 2018
- Number of VC, corporate, and PE deals Spain 2018-2021
- Number of VC cannabis deals by stage U.S. and Canada 2014-2019
- VC cannabis deal values U.S. and Canada 2013-2019
- Number of VC cannabis deals U.S. and Canada 2013-2019
- Adult use cannabis VC deal values U.S. 2013-2019
- Annual growth of VC-backed cannabis companies U.S. and Canada 2013-2019
- Number of VC-backed cannabis companies U.S. and Canada 2008-2019
- VC cannabis deal values by stage U.S. and Canada 2014-2019
- VC backed healthcare funding Q3 2018-Q2 2020, by region
- Number of adult use VC cannabis deals by stage U.S. 2014-2019
- Credit utilization rate accommodation and food start-ups Belgium 2014-2018, by region
- Barriers in achieving sustainable cost reductions in U.S. helath organizations 2016
- Share of French people describing themselves as thrifty 2019, by gender
Medium. (June 24, 2020). Methods of cost reduction implemented by female founders as a result of the pandemic in 2020 [Graph]. In Statista. Retrieved March 20, 2023, from https://www.statista.com/statistics/1206519/female-founders-reducing-budget-costs/
Medium. "Methods of cost reduction implemented by female founders as a result of the pandemic in 2020." Chart. June 24, 2020. Statista. Accessed March 20, 2023. https://www.statista.com/statistics/1206519/female-founders-reducing-budget-costs/
Medium. (2020). Methods of cost reduction implemented by female founders as a result of the pandemic in 2020. Statista. Statista Inc.. Accessed: March 20, 2023. https://www.statista.com/statistics/1206519/female-founders-reducing-budget-costs/
Medium. "Methods of Cost Reduction Implemented by Female Founders as a Result of The Pandemic in 2020." Statista, Statista Inc., 24 Jun 2020, https://www.statista.com/statistics/1206519/female-founders-reducing-budget-costs/
Medium, Methods of cost reduction implemented by female founders as a result of the pandemic in 2020 Statista, https://www.statista.com/statistics/1206519/female-founders-reducing-budget-costs/ (last visited March 20, 2023)
Methods of cost reduction implemented by female founders as a result of the pandemic in 2020 [Graph], Medium, June 24, 2020. [Online]. Available: https://www.statista.com/statistics/1206519/female-founders-reducing-budget-costs/