附近上门

Diversity Startups Venture

Women Are Still A Rarity At Tech Unicorns, Survey Says

Illustration of unicorns in a blessing.

New research from London-based venture fund confirms what we already know: More startups are becoming unicorns, but few have women at the helm.

Subscribe to the 附近上门 Daily

On Nov. 2, we reported that there are in our database that have collectively raised more than $450 billion and are valued at just under $2 trillion. A 鈥渦nicorn鈥 is a company that reaches $1 billion in valuation.

At the same time, Notion reported that just 1 in 5 B2B tech unicorns include women on their leadership teams.

Here are some key findings from the report:

  • Male leaders stay at unicorns twice as long as female leaders: The study found that the average tenure for female founders is just 1.78 years, while the average tenure for male leaders is 2.66 years.
  • Unicorns with more female leaders boast more women in the entire organization: On average 21 percent of leaders at B2B unicorns are women, while women make up only 34 percent of the overall staff population.
  • In the U.S., where paid maternity leave isn鈥檛 a legal right, unicorns that offer it have more female leaders and staff, and the female leaders stay longer.

On a positive note, Notion鈥檚 research showed that 23 percent of female leaders had been promoted into the senior teams of their organization versus 19 percent of men. And, if there was a pattern of promoting women into senior roles, women tended to stay longer at those companies: 1.68 years for women versus 1.44 years for men promoted to senior roles.

鈥淒uring 2020 the conversations I鈥檝e had around diversity and inclusion in the workplace have moved from 鈥榃hy is it important to include everyone?鈥 to 鈥榃e know it鈥檚 important to include everyone, but how can we include everyone?鈥 , talent director at Notion Capital, said in a written statement.

鈥淚鈥檓 really hopeful that this research will be received as a guide to help leaders answer this question, so that the array of options they have, such as increasing the paid maternity leave that they offer, or setting diversity targets, becomes easier to navigate in terms of linking initiatives to outcomes,鈥 added Cross, who led the research.

Illustration:

Stay up to date with recent funding rounds, acquisitions, and more with the 附近上门 Daily.

67.1K Followers

CTA

Discover and act on private market opportunities with predictive company intelligence.

Copy link