You read a lot about women founders having challenges getting funding and having less access to capital.

Carol Roth is dialed into VC and angel investing, and she shares some of the reasons why women struggle – and they may not be the reasons you think.

Carol shares that one issue is the types of businesses women start are often businesses that aren’t fundable, or need to be further along before they would be eligible for funding.

In short, there is an aspect of self-selection.

Another issue is women’s appetite for risk. Women tend to be more risk averse. VCs judge investments on total return, not risk-adjusted returns. So, while women-owned businesses can be more successful, they may not seem like the right opportunities for VC investment.

This was a fascinating short conversation, and definitely not what I expected to hear.