- Associated Press - Tuesday, March 1, 2016

NEW YORK (AP) - A new report says New York City has a growing number of female-founded startups - but they trail male startups in the total amount of investment received.

According to The Wall Street Journal (https://on.wsj.com/1TOkeZI ), the Center for an Urban Future finds that New York’s female-founded startups do get a higher percentage of venture-capital funding than those in other major cities.

Nearly 17 percent of New York City companies receiving venture-capital investment were founded by women. But those startups received $122 million out of $1.4 billion in total funds - less than 9 percent.

According to The Journal, some experts feel the numbers are merely a snapshot of a rapidly changing industry, and discrepancies will reverse themselves over time.

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Information from: The Wall Street Journal, https://www.wsj.com

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