There’s been a lot of heat generated in the blogosphere lately about the shortage of women entrepreneurs in technology and what’s behind this problem—or if it truly is a problem, or if it even exists. While many experts were weighing in on the differences between male and female startup founders, one expert decided to investigate.
Former entrepreneur-turned-academic Vivek Wadhwa, who blogs regularly on TechCrunch, and his team analyzed the backgrounds of 652 founders of tech industry startups, as well as 549 founders of companies in other fast-growing industries. “Our research focused on successful startups—those that had made it out of the garage, had employees, and were actually generating revenue,” writes Wadhwa on TechCrunch. Here’s what they found:
The average age of a successful tech startup founder is 39; for other high-growth companies, it was 40. Overall, company founders were typically married; had two or more children; had six to 10 years of work experience.
That explodes some myths about tech startup founders in general (they’re not all college students or single twentysomething men), but Wadhwa also wanted to take a closer look at male vs. female founders. He enlisted Joanne Cohoon of the National Council of Women in Technology (NCWIT), whose analysts assessed the data. The result? There was almost no difference between men and women company founders.
- Both had an equally strong passion to build wealth.
- Both started their companies to capitalize on business ideas.
- Both enjoyed the culture of startups.
- Both were tired of working for a boss.
- Both had a long-standing desire to own their own businesses.
- Their average ages at startup were the same.
- Men and women were equally likely to have children at home when they started their businesses. (However, men were more likely to be married.)
One difference: Wadhwa found that women got slightly more funding than did men from business partners. (You can read the full results in Are Successful Women Entrepreneurs Different from Men?)
Now, while Wadhwa didn’t find differences between male and female tech founders, he does emphasize that there is a real shortage of women entering technology. “The imbalance between the sexes … is increasing over time,” he writes. Among the discouraging realities: The percentage of computer science students who are female has dropped from 37 percent in 1985 to 19 percent today; just 1 percent of high-tech startups have a woman as CEO.