'It’s a matter of capital, not competence, that keeps women from running million dollar plus businesses,' said Julia Pimsleur, author of Million Dollar Women. 'Women start their businesses with six times less capital than men do and that is one of the biggest issues women are facing today,' said Pimsleur. 'If they don’t raise that money then they don’t have the runway to get their businesses off the ground, to scale up and to go big.' Pimsleur is the CEO and Founder of Little Pim, a system that introduces young children to a second language. Little Pim has won twenty-five awards for its proprietary Entertainment Immersion Method and its products are sold around the world. After raising millions in angel and venture capital for her own company, she created her popular 'Double Digit Academy' and online course 'Further. Faster. Funded.' to help other women raise capital and get further, faster. Over the past twenty years, women have been starting companies at nearly twice the rate men have, but only 3% of women-run businesses in the U.S. generate over $1 million in revenues, according to Pimsleur.
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