alphr.com – As everybody knows, sexism in tech is keeping women away from one of the world’s most exciting industries. The problem may start in schools with young girls feeling disinterested in STEM subjects, but as a Fortune report finds, it extends all the way up to the people funding the most successful startups.
According to Fortune, in a survey of US-based venture capital firms who raised at least one fund of $100 million or more since 2011, fewer than 6% of decision makers at US venture capital firms are women. That means that, across 282 firms and 906 decision makers, there were only 52 women capable of deciding the fate of thousands of startups. That’s 5.7%.
The difficulty here is that Silicon Valley’s overwhelming unrepresentative male culture runs the risk of becoming a self-fulfilling prophecy. What’s more, with women now accounting for over half of the UK’s young entrepreneurs, if the investors are all old men, and the teams they expect to see are younger men, then what hope has an all female team got of attracting the same level of funding?
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