Successful startups have more women in senior positions than unsuccessful ones, according to a new analysis by Dow Jones (NWSA) VentureSource of more than 20,000 venture-backed companies in the U.S. between 1997 and 2011. They had more than twice as many women in top jobs like C-level managers, vice presidents, and board members than their unsuccessful counterparts did.
Companies that went public, were acquired, or turned profitable were defined as “successful.” “Unsuccessful” included both failed companies and “not-yet-successful” startups still operating that may eventually go public or get acquired. At successful companies, the median share of female executives was 7.1 percent, compared with 3.1 percent at unsuccessful firms.
As I've said before, you can tell from the extremely small number of women serving on major corporate boards that despite lip service to diversity, most companies aren't really even making token efforts in this regard.
TODAY IN SLATE
Smash and Grab
Stop Panicking. America Is Now in Very Good Shape to Respond to the Ebola Crisis.
The 2014 Kansas City Royals Show the Value of Building a Mediocre Baseball Team
The GOP Won’t Win Any Black Votes With Its New “Willie Horton” Ad
Sleater-Kinney Was Once America’s Best Rock Band
Can it be again?
Forget Oculus Rift
This $25 cardboard box turns your phone into an incredibly fun virtual reality experience.