A Dow Jones Venture Source study of 167,500 executives and 2,200 venture-backed companies funded between 1997 and 2011 showed that women helped lead more start-ups to success.
Women are less involved as founders and leaders of start-ups than men.
Just 1.3 percent of start-ups have a female founder, 6.5 percent have a female CEO, and 20 percent have one or more C-level female executives.
About 27 percent were in sales and marketing roles, and many as vice presidents. Companies that have been acquired, went public or gained profitability have 7.1 percent of executive staff members are women.
In contrast, only about 3.1 percent executives are women at companies that failed, exited at a low valuation, or haven’t reached other milestones.
-*To what extent have you observed a correlation between gender balance in executive leadership and successful financial performance among new enterprises?
Ann Winblad is one of the most prominent, yet low-profile venture capitalists and among a minority of women venture capitalists – about 11 percent of today’s VCs.
She co-founded Open Systems, an accounting software company in 1976, then co-founded Venture Capital firm Hummer Winblad Venture Partners, which invests more than $1 billion in software companies.
She offers recommendations for women and men investing in businesses, careers, and themselves:
• Seek risk and fail fast to enable rapid course-correction • Strive to be more resilient than strong • Adapt as quickly as possible • Place greater value on learning from all sources over formal education • Exercise intellectual curiosity and stamina • Tolerate ambiguity and lack of experts during high-growth periods • Look for possibility in the “half-full glass” • State assumptions and build on those of others • Cultivate honesty and transparency
-*Which of Winblad’s recommendations have you seen practiced by the most effective organizational leaders and entrepreneurs you know?
They note that only 15% of angel investors are women and only 11% of investing partners at VC firms in the United States are women.
Theodore and Ching portrayed the meaning of these statistics in relation to women’s participation in the workforce, and other dimensions in this compelling infographic, using Ching’s inforgraphic-generating product, Piktochart.
-*What barriers and enablers have you observed for women entrepreneurs? -*What infographic tools do you find most useful?