Entrepreneurs: Are You the Future or the Past?
by Miki Saxon
This post is for all the fact-loving, data-crunching guys who keep claiming that tech is a merit-based ecosystem where anyone with a good idea who is willing to bust their tail 80 hours a week will succeed.
If you are one of them you probably aren’t aware that March is Women’s History Month; a time to celebrate women’s accomplishments, especially in tech, since they are why you have a company/job.
How excited would you be if it took 10 years for your most important metric to double?
That’s what you see for founding teams with at least one woman — from 7.7% in 2006 to 17.5% today.
Whoopee.
It’s much worse for all-female founding teams — their funding dropped from 22.8 in 2014 percent to 18.9 percent now.
That totally sucks.
And it’s far worse when you add color to the equation.
What’s it going to take for this to change?
More female angels and VCs — happening very slowly.
More angels and VCs of color — a distant dream.
But more importantly, and hopefully sooner, more successful, entitled white guys will digest the numbers and decide it’s just plain wrong.
Are you/will you be one of them?
BTW
Happy St Paddy’s Day to all my Irish and Irish wannabe readers!
Image credit: TechCrunch/flickr and Free-extras
