MONEYISH - Jan 2 - Dawoon Kang, founder of dating app Coffee Meets Bagel, explains why women need 'more representation' in Silicon Valley. The 34-year-old entrepreneur created the dating app for women with her two sisters back in 2012, using just $40K of their money. As a woman in the California tech vortex, Kang faced tough competition. Just about 2% of the $60B in venture capital funding that was appropriated in 2016 went to women, according to an NPR report citing data from Pitchfork. However, Kang managed to raise $7.8M in venture capital from from three firms to fund their expansion, and introducing a freemium model that charges users for certain upgraded features.