Women in tech
I got an email from a woman this past week sharing an infographic on women in tech. Intriguing information (see below). Then I read the Quora piece on "Why Do We Need More Women in Technology". Continuing on in my reading my friend sent me the WSJ piece on a study called "Women Executives make Venture-Backed Companies More Successful". All of these pieces are tied together.
More women are entering tech for a variety of reasons and btw more people are entering tech because it is an exciting part of the economy to be a part of. You can build a company for relatively little money with the hopes that your idea will disrupt an industry or fill a huge void in the market. I am simplifiying it but you get the picture.
None of us should be surprised that having gender balance in a company and having women in the top management have a better chance for success. Women and men look at things differently. We each react to situations differently. We manage differently.
This past week I was talking to a group of investors about the many women that I have invested in. I recently did an analysis of my investments and discovered that almost 70% of what I have invested in is either a woman who started her own company or a woman was one of the partners. What I have discovered is a host of things. Most of the businesses have slowly evolved into something bigger than the original idea as most do. Many of the women really reach out to me quite often be it they have having an amazing day or a shitty day and they just need someone to tell. Women are deep thinkers about decisions that involve people. They want to do the right thing. Doesn't mean that men don't too but I find that women are harder on themselves than they are on the people around them. They are great managers. Perhaps it is just part of their maternal dna. They always need to cross their i's and dot their t's which is a good thing and a bad thing. They are in for the long run. They really listen and weigh all their options. They tend to create companies about topics that they are passionate about that fills a void in their own lives.
Bottom line, everyone needs a good female in their life which is why companies with females at the top are better for investors. Glad to see that the picture below is up on the upswing.