Candace Klein is the founder and CEO of two successful startup companies: Bad Girl Ventures and SoMoLend.
SoMoLend is a new technology platform that connects business borrowers seeking loans with lenders looking to make a return on investment. While women make up 60% of the US population and earn 60% of all bachelor degrees, the USA has struggled to find women to lead startup companies. This is not because women lack the ideas or the capacity.
Women simply have a more difficult time finding financing. In fact, although women own 50% of all privately held companies, they have access to only 5% of traditional capital. Bad Girl Ventures is intended to be a highly localized micro-lending organization focused on woman-owned startups to address this problem.