Source: BCG.
Women are vastly underrepresented among founders and investors. In that way, we risk continuing to build an online world that replicates, instead of countering, the same biases that plague the physical world.
BCG X, the tech build and design unit of Boston Consulting Group (BCG), recently partnered with People of Crypto Lab—a creative and innovation studio that aims to boost diversity, equity, and inclusion in the Web3 ecosystem—to analyze the gender diversity of founders and investors using a database from Crunchbase consisting of nearly 2,800 participants worldwide.
Source: Coinbase
Summary:
Coinbase, in partnership with Qriously, conducted a study to explore women's perspectives on finance, technology, and the financial system in the US and the UK. They found that technology is perceived to have a positive impact on the financial system in the coming decade, particularly among women.
The study revealed gender disparities in access and control over the financial system, with nearly one-third of college-educated women believing they lack equal access. Women's interest in cryptocurrency increases when they understand its potential to enhance financial inclusivity.
Coinbase's research highlighted the challenges faced by women in accessing financial resources and the benefits of technology, including cryptocurrency, in bridging this gap. It discussed how cryptocurrency offers financial independence to individuals, especially women, and how it can empower them in regions where they face legal or cultural restrictions on financial control. The study emphasized the potential of cryptocurrency to increase financial inclusivity and highlighted its significance in closing the global economic gender gap.
The research concluded with the idea that cryptocurrency and blockchain technology can facilitate the next wave of global commerce and that educating women about these technologies can contribute to their financial empowerment, economic equality, and a brighter future for the world's economy.
Source: Forbes
Andie Kramer highlights the male-dominated nature of the crypto world, particularly in leadership roles, and discusses the potential implications of this gender imbalance for the industry.
The article presents statistics indicating that a small percentage of leading crypto companies have female founders, and that less than 10% of partners at crypto funds are women. The piece underscores the significance of promoting gender diversity in the crypto sector to positively influence its culture and innovation. It also delves into the advantages of collaborative efforts involving both genders and stresses the need for women to make up at least 30% of leadership teams to fully leverage these benefits.
Kramer outlines three fundamental steps for crypto firms to address gender inequality: the elimination of exclusionary behavior, the adoption of personnel procedures that resist stereotypes and biases, and the provision of equal leadership advice and coaching for women. The author argues that to unlock the full potential of the crypto industry, it must become more inclusive for women and provide them with equal opportunities for advancement.
Source: Lean In.
Women are paid less than men—and the gap is closing too slowly.
Get the facts about the gender pay gap.
Source: Gallup
Gender diversity in the workplace is not only a commendable goal but also a sensible business strategy. A recent Gallup study reveals that companies with gender-diverse business units tend to perform better financially than those dominated by one gender. The study analyzed business units from the retail and hospitality industries and found that gender-diverse units in both sectors had higher average revenue and net profit compared to less-diverse units.
The study also highlights that gender diversity combined with high employee engagement significantly enhances financial performance. Gender-diverse and engaged business units showed a substantial increase in comparable revenue and net profit. This suggests that gender diversity, along with engaged employees, can have a positive impact on a company's bottom line.
The study emphasizes several advantages of gender diversity in teams, including better problem-solving, increased access to resources, the ability to serve diverse customer bases, and the attraction and retention of talented women in the workforce.
To harness the benefits of gender diversity, businesses should focus on increasing diversity in their business units while creating engaging and supportive workplaces. Managers play a crucial role in fostering an open and trusting environment that allows employees to leverage their diverse perspectives for innovation and improved performance.
Additionally, the study highlights the importance of tailoring diversity strategies to specific business units, as gender diversity can vary significantly within a company. A one-size-fits-all approach is unlikely to yield the desired results, making it essential for leaders and managers to address gender balance at the unit level.
In summary, making gender diversity a business priority can lead to financial benefits and help companies reach their full potential. To do so effectively, businesses should identify less gender-diverse units, develop inclusive hiring strategies, create an engaged workplace culture, and set clear inclusiveness goals while holding managers accountable for diversity.
Source: Forbes
Seeing Is Believing: Female Role Models Inspire Girls To Think Bigger.
This article discusses the significance of female role models in inspiring girls and women to overcome gender biases and pursue careers in various professional domains. It highlights research indicating that role models have a magnified impact on women, encouraging them to be more ambitious and aim higher.
Dr Margie Warrell emphasizes the importance of increasing the visibility of female role models, past and present, to empower women and achieve gender parity. It offers six ways to harness and magnify the impact of role models, such as highlighting women succeeding on their own terms, women taking risks and daring to fail, and celebrating women who balance their careers with family responsibilities. Warrell concludes by stressing the need for more women to step up and become role models for future generations, with the ultimate goal of achieving gender diversity and economic growth.
Source: LeanIn.Org and McKinsey & Company
Women in the Workplace is the largest comprehensive study of the state of women in corporate America.
LeanIn.Org and McKinsey & Company have published this report annually since 2015 to give companies the information they need to advance women and improve gender diversity. Over the past nine years, we have collected information from almost 900 organizations employing more than 23 million people.
Source: Female Founders Monitor
15% - whatever the context, it’s a low number for representation. 👀
According to the Female Founders Monitor, published by Google for Startups and Startup-Verband (German Startup Association), only 15% of startup founders in Germany are women, with equally low numbers reported by Startup Genome in London (15%) and in Silicon Valley (16%).
Key Findings
1) Positive trend: The share of female founders in Germany has risen to 20% and 37% of founding teams currently include at least one woman – but they remain significantly underrepresented. K
2) Gender gap in capital: Significant differences are evident in terms of financing and growth, with male teams receiving almost nine times as much capital on average as female teams.
3) Investors are mostly men: While only 6% of female founders are active as business angels, the share among male founders is 16% – an imbalance that increases challenges for women when it comes to financing.
4) Driven by purpose: Female teams have a stronger focus on sustainability as part of their corporate strategy and 61% say that their startups are committed to social entrepreneurship.
5) Work-life (im)balance: The added stress faced by female founders with children often comes at the expense of their working hours – another reason why 81% see the need for improvements regarding the compatibility of family and entrepreneurship.
6) Initiatives are key: Female founders who build their startups as part of a team rate the startup ecosystem particularly positively, showing the relevance of networks and the effectiveness of ongoing initiatives.
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