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.
Why Did It Take More Than a Year to Charge the Officer Who Shot Laquan McDonald? A former prosecutor, now running to be Cook County state’s attorney, decries Chicago’s crawl to justice.
Tale of the Tape My family wants to screen an old home movie of them being horrible to me at Christmas.
How Does the Head of HR Work? Read what L.V. Anderson asked Kevin Fanning about his experience in human resources departments—from startup companies to more hierarchical environments.
How Much Did the Pentagon Pay Your Favorite Sports Team for Its Patriotism? Find Out With This Chart.