The TV show Shark Tank found that companies founded by men received an average valuation of nearly $1.7 million, while those founded by women received an average valuation of just $781,000. How do sociologists explain this phenomenon?

Question

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Sociologists argue that gender biases and stereotypes cause funders to have negative perceptions of women business owners, leading to lower valuations and funding for their ventures. This is due to the social construction of gender, which reinforces ideas about women being less competent than men in business and entrepreneurship. Women are often viewed as being risk-averse and less ambitious than men, which can lead to lower valuations and investment opportunities.

The TV Show Shark Tank Found That Companies Founded by Men