Women are not well represented in technical or founder roles — and that quantifying the issue is difficult because data is so scarce. In 2013, Pinterest technologist Tracy Chou famously highlighted the issue in her post, “Where are the numbers?, which exposed the lack of published data on the number of women in technical roles.
Subsequently startups like Etsy and Dropbox, and giants like Google, Facebook, and Microsoft, began reporting those numbers. When it comes to startup founders, however, the picture is still limited.
Given CrunchBase’s role as the open data platform for the startup community, it was recognized that this data problem has to be solved. So this spring their research team was asked to look at the period of 2009-2014 and find every U.S.-based startup that had an initial funding during that period and do two things: identify the founders for each startup as well as their genders.
As a result, they now have a data set for the past five years to analyze the participation rate of women as founders of U.S.-based, funded startups!
And here is the top line: In the period from 2009 to 2014, CrunchBase records 14,341 U.S.-based startups that received funding. Of those, 15.5%, or 2,226, have at least one female founder. In 2009, 9.5% startups had at least one woman founder, but by 2014 that rate had almost doubled to 18%. At the same time, the absolute number of companies (along with the total number of startups) with a female founder more than quadrupled from 117 in 2009 to 555 in 2014. Based on those numbers, it seems reasonable to conclude that there has been a steady increase in the number of women founders in the past five years.Read More >>
The U.S. Air Force is hoping algorithms based on bee behavior will allow mini-drones to disrupt enemy radar.
Scientists say they are developing technology for unmanned aircraft vehicles that will turn fleets of the miniature aircraft into weaponized swarms.
When bees fly as a group, they do not run into each other. They manage some type of coordinated activity between them to navigate successfully
“In the laboratory — we have developed algorithms that allow small UAVs to be able to operate that way so that they can work in conjunction without running into each other,” the scientist added.Read More >>
It is quite foreseen that investors rank new businesses by leader quality. In other words, the entrepreneur quality is more important than the idea.
Research shows that CEO’s who received high scores for character also achieved higher business results. The study insists that every entrepreneur needs to understand the importance of character and leadership which is the key to their growth and success, as much as the ability to attract investors. Read more>>
Tech co-founders seem to be taking up couples counselling to revive and rework on the relationship with the respective partner. The negligence of the very same has led to several business failures due to relationship problems between co-founders of the company.
Increasingly, in Silicon Valley, business partners are looking for help before things go downhill. Read more>>
“Premature scaling” doesn’t sound all that sinister. It sounds, at the very worst, like some little business snafu – but it is nothing but a death trap for startups and the most overlooked predictor for startup failure.
Scaling is the point in the existence of a startup where it experiences positive growth, whereas premature scaling happens when entrepreneurs start focusing on one dimension of the business and advancing it out of sync with the rest of the operation that ultimately leads to failure. Read more>>