The percentage of women that are starting technology companies is very low in the Silicon Valley. It stands at 3%. Of private companies, a partly 6.5% have female CEOs. 1.3% represents female founders.
So how could this be the case when ladies are the ones earning approximately three quarters of all the doctorate, Master’s and Bachelor’s degrees, the first time historically? Despite the disappointing numbers coupled with gender issues, there is some light at the end of the tunnel. Women in the tech industry are doing exemplary well. Actually, they are getting noticed.
Encouraging news from research
According to a recent research, women-led tech companies are better in terms of capital efficiency. These companies achieve 35% higher return when it comes to investments. Women founded companies also represented a record 13% of all venture deals that went through the first half of the year 2013. This was up from only 4% in 2004. Simply put, investors are now beginning to notice that it actually pays to have women in charge.
There is a very positive shift in the manner in which women in the technology industry are being treated. This is in comparison to the horror stories that initially made headlines. All these positive news from the recent statistics suggest only one thing – that this is the best time for any woman to be an entrepreneur.
Women are turning out to be powerful and effective leaders
Heavy hitting women such as Ginni Rometty, Sheryl Sandberg and Marissa Mayer all enjoy C-suite roles. Currently, these women are running world-class and major Fortune 500 companies. The headlines they garner coupled with their leadership have definitely popularized the image of women in the high-level roles. They have surely opened the doors for a conversation about the utmost need for much more female leadership not only in technology, but also beyond.
The good thing is that women outside the spotlight have also managed to excel. They are also equally being recognized for their incredible and outstanding leadership skills. Considering that this was not a common thing some few years back, women should take hold of every opportunity that comes their way.
Initially, women were shunned from the boardroom. In fact, they were relegated to only the home. Going by all these, it is true to say that recent research is both inspiring and pretty much amazing. For the aspiring female entrepreneurs, there will never be a better time to become a force to reckon with in the entrepreneurship world. Now is definitely the time!
The success of women-led businesses
Something extremely interesting is taking place in businesses that have women at the helm. These businesses are growing at impressively higher rates compared to their conventional male-led counterparts. Over the past ten years or so, there has been a vast growth in the number of firms that are owned by women. Actually, the number of companies led by women and making over ten million dollars in revenue annually has risen to 56.6%. This just shows that women are doing something constructive in their companies.