![]() ![]() But at the same time, we should create an environment where they prosper once they’re there. We need more mentorship and scholarship programs for women and people from minority and underserved communities to focus on science, technology, engineering and medicine. Yes, we need to encourage more women into STEM careers. And female startup founders received only 2.3% of total venture capital funding distributed in 2020. ![]() But unfortunately, the numbers paint a sad picture.ĭuring the recent tech layoffs, surveys have shown that nearly 70% of people laid off were women. These results should encourage more investors and venture capitalists to invest in women founders. Studies have shown that women-led companies are likely to generate more growth than those led by their male counterparts. These companies have faced hurdles and overcome difficult situations-and have typically produced good results. The numbers stand out even more when you place them alongside the growth of women- and POC-led companies. If you’re working in tech, you don’t need to see these numbers. The difference is even starker when it comes to startup CEO compensation. Men make an average of $15,000 more annually than women in tech. They often also face significant differences in pay compared to their colleagues in similar roles. But they're not CEOs, COOs, CTOs or founders.Įven now, women and POC who manage to break into STEM careers face a glass ceiling. There are more women working as developers, project managers, UI/UX professionals, hardware engineers, product designers and in many other roles. However, it's safe to say that there are more women and POC in tech than a decade ago. ![]()
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