A Twitter user made a controversial remark on the absence of female co-founders on the board of tech startups. She described it as a gender gap and called for more to be done. This assertion sparked controversy among social media users. The majority had one question, “are women stopped from being tech co-founders or do they just want to work for big tech? What factors affect this ratio?
A quick look
In the United States, more women than men now receive bachelor’s degrees, but only 15% of computer science graduates are female.
Women make up roughly 30% of the workforce at tech behemoths like Microsoft and Google, with a 2014 study finding that only 15% of 14,341 US-based startups had a female founder.
According to statistics, girls outperform boys in STEM subjects in school. According to one recent study, 15-year-old girls performed better in math and science literacy than their male counterparts in 70% of countries, regardless of national levels of gender equality.
Furthermore, an examination of nearly 1.4 million GitHub accounts showed that women did better at coding than men.
What could then be the problem?
Even though tech is not wired to shut out women, other factors can – mentorship and sponsorship, support, gender stereotypes, training, and personal confidence.
These factors have been effectively challenged and it is getting solved daily- women only mentorship groups, women-only companies, and a bunch of Venture capitalists who’d give the gender and not the ideas funds.
Even though most women prefer to be solo founders, it has been shown that female-run companies perform better than the opposite gender. They deliver the most revenue and have the most repayment of loans.