Anne & Gillian continue to examine the issues raised in the latest study on the rise in venture funding for gender diverse teams from the Center for American Entrepreneurship, and why it remains a fraction of funding raised by all-male teams. The study analyzed the performance of first-funded startups over 13 years and found that success was very similar between women-led teams and all-male ones. Both had near-identical rates of securing second and third rounds of financing and near-identical rates of exit. Does such evidence of the business case for gender-diverse founding teams spell ‘opportunity’ for US venture investors? The CAE’s conclusions about this were many, but the main one was that more women VCs — currently around 9% — would move the needle, as would more peer support for female founders. Listen to the results of a University of Pennsylvania examination of how men and women performed in ‘The Startup Game’ online. Spoiler alert: sounds just like real life.