Women and underrepresented minority entrepreneurs are beginning to close the gap with their white male counterparts in startup rates overall, and they comprise a growing share of entrepreneurial activity in the United States.

But when it comes to venture-backed, high-growth startups, women and minorities are still consistently left behind. Only 2% of companies founded strictly by women and just 1% of those founded by black entrepreneurs receive venture capital, according to research from Crunchbase, Kauffman Institute and CB Insights.

Read full original article on the Cornell Chronicle.