[jakelazaroff]

The reason that companies become unicorns is that VCs invest in them at a certain valuation. You have cause and effect reversed. If VCs are underinvesting in female-founded companies, it's entirely expected that fewer of those companies will become unicorns.

[ng12]

I'm not talking about cause and effect, I'm talking about a lazy misapplication of statistics to bolster a talking point.

[jakelazaroff]

How can you separate them? Lack of female-founded unicorns is a direct consequence of underinvestment in female-founded companies.