A Snapchat changed Vandra Caldwell‘s life.

Last year, her friend Trishona Helm was visiting L.A. from their native Omaha and snapped Caldwell a picture of rolled ice cream–which is rolls of ice cream placed vertically in a cup, finished off with various sweet toppings.

Caldwell has a lot of company: Nearly 63 percent of women financed their businesses from their own savings, according to the 2018 State of Women and Entrepreneurship survey of 279 women. Compare that to versus 43 percent of surveyed Inc. 5000 CEOs.

Caldwell, a 25-year-old biracial single mother with three kids, previously worked at a news station and childcare learning center. She sees her business as a means to provide a better life for her kids, even as it forces her to juggle competing demands. One vivid memory for Caldwell is signing the loan before going straight into labor the next day.

Her parents would help take care of the kids. But that meant she couldn’t see her children for more than a few days at a time–and would often turn to her business partner for a shoulder to cry on. In this, too, Caldwell isn’t alone. Spending time away from family is one of the biggest sacrifices female founders cited in our survey.

“I’m just trying to make a sacrifice now,” she says. “I’m trying to make a better life for them in the future.”

The face of female entrepreneurship is becoming a lot less white. Minority women control 44 percent of women-owned businesses in the United States, up from 20 percent in 1997, according to Census data and projections by research firm Womenable–even though “there’s this notion that we don’t exist,” says Esosa Ighodaro, founder of the social media shopping app CoSign and the networking organization Black Women Talk Tech. “Entrepreneurship is very lonely and even lonelier in minority communities.”

Even so, minority women are starting up businesses at much a faster rate than their white counterparts. While the number of white women-owned businesses grew 40 percent from 1997 to 2016, those owned by black and Hispanic women showed much higher growth rates at 518 percent and 452 percent, respectively, according to the analyzed data.

But one of the biggest hurdles women–particularly, minority women–continue to face is “access to capital,” says Margot Dorfman, CEO of the U.S. Women’s Chamber of Commerce. Part of it has to do with the industry in which women are founding businesses. According to a 2016 report from the U.S. Women’s Chamber of Commerce, the majority of women-owned businesses are in the service industry.

Men still get the vast majority of venture capital–only 2 percent of all VC funding goes to U.S.-based female-only founder teams, according to PitchBook. But an uptick in female-focused funds is “encouraging women of color to enter the field,” says Miriam Rivera, co-founder of Palo Alto, California-based Ulu Ventures. She says that more women-led VC firms have become more public about their portfolios having larger percentages of women CEOs. According to our survey, 38 percent of the women who raised money sought out female investors; they cited female investors’ better understanding of their target market as a key reason.

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