WanderSafe founder heads to US where more VCs will back women

CLIENT: WANDERSAFE
OUTLET: AUSTRALIAN FINANCIAL REVIEW

 Canberra-based entrepreneur Stephenie Rodriguez has lived in Australia for 20 years, is set on raising her daughter here, but the founder of personal safety technology start-up WanderSafe has incorporated her business in the US.  Ms Rodriguez told  The Australian Financial Review  that statistics showing that less than 2 per cent of the total capital pool in Australia was used to back women founders, were a big factor in her deciding it would be easier to create a US company and have some Australian investors involved, rather than try to raise all of its capital here.  "Truthfully, the US is where the money is," she said.

Canberra-based entrepreneur Stephenie Rodriguez has lived in Australia for 20 years, is set on raising her daughter here, but the founder of personal safety technology start-up WanderSafe has incorporated her business in the US.

Ms Rodriguez told The Australian Financial Review that statistics showing that less than 2 per cent of the total capital pool in Australia was used to back women founders, were a big factor in her deciding it would be easier to create a US company and have some Australian investors involved, rather than try to raise all of its capital here.

"Truthfully, the US is where the money is," she said.