For a long time women entrepreneurs have been marginalized in traditional forms of finance, excluded from venture capital and business angel investing which is often referred to as old boys clubs. With only 12 percent of all business angels being female, it is not surprising that only 12 percent of business angels funded female entrepreneurs in 2011, according to the Center for Venture Research. People tend to fund people just like them. Men fund men and women fund women according to an article in Forbes. Does a gender bias really exist when it comes to investment or do female entrepreneurs simply not start the kinds of businesses angels are looking to back? Whether or not, equity-based crowdfunding emerges as a promising opportunity to empower female entrepreneurship and to emancipate investment.