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HATS OFF! to Climbling Your Own Ladder of Success!
Why Women Continue to Lag Behind Men In The Startup Community — And What We Can Do About It
Interviews reveal five common themes contributing to the fewer number of
women starting up.
By Beverly Tam (Student, University of California San Diego)
Over the past few decades, women have overcome tremendous obstacles and have made a lot of progress in the area of gender equality in America.
We now make up 46% of the workforce and over 50% of college graduates, yet when we look at the number of women pursuing high-growth startups, there still exists a very apparent gap in numbers.
The percentage of women starting technology startups is even lower, estimated
to be about 5%. So what is causing the significant gap that continues to exist
between the number of male and female startup founders?
Analyzing the feedback revealed five common themes that contribute to the
fewer number of women in the startup industry:
1. Family & Values
“When you’re starting a company, you think it’s all going to be glamorous and you’re going to be traveling everywhere. …It’s always so much harder than you think it’s going to be.”
– Krista Paul (Founder, UsingMiles)
Starting a company, particularly the kind that you envision to impact the lives of billions of people, is not for the faint of heart. Considering the level of dedication and the amount of stress involved in starting a high-growth company, many women choose not to pursue this industry due to lifestyle choices and other priorities.
2. Natural Biases
“If you’re the only woman, you’re not necessarily ‘part of the gang’… [and that] can potentially play against you.” – Gioia Messinger (Founder, Avaak)
The natural biases that continue to exist in the startup community can be disadvantageous for women, especially while networking and obtaining funding. Considering the small percentage of women in venture capitalism, these biases sometimes create more of an obstacle for female entrepreneurs.
3. Cultural Reasons
Kathryn Minshew, Founder of The Daily Muse, pointed out that “the descriptions and adjectives [used to describe what a successful entrepreneur would look like] are still very distinctly masculine ones.” The pattern of treating boys and girls differently begins at a young age, and studies have shown that this can have a large impact on what career individuals decide to pursue.
4. Lack of Role Models
“When I was growing up, I was like, oh my god, Steve Jobs, Bill Gates… [then] I thought — why am I trying to be like them?” – Shaherose Charania (Co-Founder & CEO, Women 2.0)
The lack of successful female role models in the startup industry can make it difficult for young women to view entrepreneurship as a viable career option. Acknowledging successful female entrepreneurs would help encourage a new generation of young women to pursue this field.
5. Aspiration Gap
The fact that women now make up 35% of the overall entrepreneurial activity
in America is an incredible improvement from the previous decades, but we can
still proactively take actions to accelerate this process. We can start by
recognizing more successful female entrepreneurs, and by continuing to encourage
women to pursue not only entrepreneurship, but venture capitalism as well.
By Beverly Tam (Student, University of California San Diego)
Over the past few decades, women have overcome tremendous obstacles and have made a lot of progress in the area of gender equality in America.
We now make up 46% of the workforce and over 50% of college graduates, yet when we look at the number of women pursuing high-growth startups, there still exists a very apparent gap in numbers.
According to an article
published by the Kauffman Foundation earlier last year, women only make up 35%
of startup business owners.
Determined to dive deeper into this matter, I began
my research about three months ago while I was interning with the Startup America Partnership. I interviewed 12 (male
and female) startup founders to gather some personal anecdotes and to gain a
better understanding of the issue.
1. Family & Values
“When you’re starting a company, you think it’s all going to be glamorous and you’re going to be traveling everywhere. …It’s always so much harder than you think it’s going to be.”
– Krista Paul (Founder, UsingMiles)
Starting a company, particularly the kind that you envision to impact the lives of billions of people, is not for the faint of heart. Considering the level of dedication and the amount of stress involved in starting a high-growth company, many women choose not to pursue this industry due to lifestyle choices and other priorities.
2. Natural Biases
“If you’re the only woman, you’re not necessarily ‘part of the gang’… [and that] can potentially play against you.” – Gioia Messinger (Founder, Avaak)
The natural biases that continue to exist in the startup community can be disadvantageous for women, especially while networking and obtaining funding. Considering the small percentage of women in venture capitalism, these biases sometimes create more of an obstacle for female entrepreneurs.
3. Cultural Reasons
Kathryn Minshew, Founder of The Daily Muse, pointed out that “the descriptions and adjectives [used to describe what a successful entrepreneur would look like] are still very distinctly masculine ones.” The pattern of treating boys and girls differently begins at a young age, and studies have shown that this can have a large impact on what career individuals decide to pursue.
4. Lack of Role Models
“When I was growing up, I was like, oh my god, Steve Jobs, Bill Gates… [then] I thought — why am I trying to be like them?” – Shaherose Charania (Co-Founder & CEO, Women 2.0)
The lack of successful female role models in the startup industry can make it difficult for young women to view entrepreneurship as a viable career option. Acknowledging successful female entrepreneurs would help encourage a new generation of young women to pursue this field.
5. Aspiration Gap
As Facebook’s Sheryl Sandberg states,
“until women are as ambitious as men, they’re not going to achieve as much as
men”. Regardless of the natural biases, cultural expectations, and other
obstacles that may exist in the startup industry, women need to be able to push
past these challenges in order to pursue their career goals.
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