Friday, June 23, 2017

Tech startups founded by women have twice the number of female employees - INFORUM

by Makeda Easter
Originally published: June 21, 2017
Publisher: Inforum.com 

Startups with at least one female founder wind up building companies where nearly half the staff are women, a new study finds.

With an average of 48 percent female workers, women-led firms have nearly twice the industry average and outpace some of the nation's largest tech companies in gender diversity including Google (31 percent), Facebook (33 percent) and Uber (36 percent), according to the study by online startup investing platform FundersClub that surveyed 85 U.S.-based tech startups.

Alex Mittal, co-founder and chief executive of FundersClub, said startups are key to addressing gender diversity in the workplace because the ones that succeed may someday be massive companies. (The majority of startups surveyed had fewer than 20 employees). They "have the potential to become huge—they're great agents for change," said Mittal, a co-author of the study.