Bias against women who seek startup funding is real and ongoing. Of the nearly 7,000 businesses funded by venture capital from 2011 - 2013, 85% had nary a woman on the executive team. Only 3% of the VC-funded ventures had a woman CEO. Conventional equity funding models clearly are ignoring or misinterpreting what women bring to the table.
Let's start this article with one fact: I do think venture capital has value. I think angel investor dollars have value and can do a lot. But as someone who has now looked at thousands, if not tens of thousands of deals in his career, it's very clear to me that it is becoming the default for young entrepreneurs.