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They Saw Women Shut Out Of VC, So A PayPal Veteran And Former Navy Officer Built An Alternative

Reported by News
May 29, 2026· 2 min read
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Key Takeaways
  • • Women-led startups receive less than 2% of U.S. venture capital funding despite delivering 2.5x better returns than male-founded startups, according to Crunchbase data, creating a documented market inefficiency.
  • • Aequitas Invest (AQi), an SEC-registered Regulation Crowdfunding portal co-founded by former PayPal executive Molly Huyck and U.S. Navy veteran Amie Konwinski, launched in 2024 to provide women-led businesses (at least 50% women-owned) alternative capital access outside traditional VC channels.
  • • The platform operates as a FINRA member firm subject to federal regulatory oversight and simplifies securities disclosures and business documentation to lower barriers for women entrepreneurs accessing everyday investors.
  • • Huyck's 21-year tenure at PayPal included mentoring women through the Cherie Blair Foundation partnership, where she identified a $5 trillion gap in global GDP attributable to capital access deficits for women entrepreneurs.
  • • AQi positions itself as a structural alternative to traditional venture capital, enabling female founders to raise capital while retaining greater equity ownership and board control compared to conventional VC fundraising.
Summary
Women-led startups face a persistent capital gap despite outperforming their male-counterpart ventures. According to Crunchbase data, women-founded companies receive less than 2% of U.S. venture capital funding, yet empirical research demonstrates they deliver 2.5x better returns than male-founded startups. This disparity persists even as women launch nearly half of new U.S. businesses, receiving only 2.1% of venture capital in 2024. The market failure reflects structural barriers in traditional VC rather than investable quality.

Addressing this inefficiency, Molly Huyck and Amie Konwinski co-founded Aequitas Invest to create an alternative funding mechanism. Huyck brings 21 years of experience from PayPal, where she mentored women entrepreneurs through a partnership with the Cherie Blair Foundation and observed firsthand the $5 trillion GDP gap resulting from limited capital access for women entrepreneurs globally. Konwinski contributes operational expertise as a U.S. Navy veteran and marketing executive. Together, they built AQi as an SEC-registered funding portal operating under Regulation Crowdfunding, a securities framework designed to democratize startup investment.

Launched in 2024, the platform targets women-led businesses defined as at least 50% women-owned. AQi operates as a FINRA member firm, meaning it has completed rigorous federal vetting and operates under strict regulatory oversight to protect investors and ensure transparency. The platform's core innovation is simplifying regulatory disclosures and business documentation—administrative friction points that disadvantage founders without VC experience or institutional support networks. By connecting women entrepreneurs to everyday investors through a compliant framework, AQi seeks to bypass traditional VC gatekeeping while enabling female founders to raise capital while retaining greater equity ownership and board control compared to conventional venture fundraising structures.

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Sources

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News They Saw Women Shut Out Of VC, So A PayPal Veteran And Former Navy Officer Built An Alternative