Women Don’t Quit
Women don’t quit but I knew that.
Through the rain, sleet and miserable weather at the Boston Marathon, many quit but not Desiree Linden. There are actually some great stats that came along with that win. In 2017, the male dropout rate was almost 80% but for women, it was only around 12%. This comes as zero surprise to me.
I can only compare this to my data points of investing in women for more than a decade. With those investments have also come many connections to other women that I have cheered on from the sidelines but did not put capital in their businesses. Very few have called it quits. Although many have been undercapitalized which is one of my biggest frustrations (and obviously theirs) but as an investor, seeing someone figure it out come hell or high water and sticking with it although all the odds are against them, is the kind of person you would think that more institutional investors would be paying attention to.
As for the men, I have invested in them too and have had a few pack it up, not pay attention to the thoughtful advice around them or even ask for it. They just called it in and walked away. I do believe a lot of these actions start from the very beginning when men (boys) are told just keep trying, shoot more darts, keep moving while women (girls) are told that this might not be something that they are good at and should try something else. What happens is men find it easier to just walk away and not take the blame. Women internalize that with the thought, I will prove you all wrong.
To all the investors who have ignored these women for way too long (and that includes many of you female investors who have not looked hard enough for them or made it part of your personal thesis to find these women and support them) open your eyes. Women don’t quit, they are great collaborators, they listen to the people around them and most of all they are serious survivors.
We can all applaud Desiree Linden, who did not quit the Boston Marathon, through horrendous weather, but again, that’s a woman for you.