The lack of women in tech is actually getting worse, not better
Yet, despite the scrutiny, the number of company boards with no women on them actually increased in 2017, according to Silicon Valley Bank's 2017 Startup Outlook report.
More than 70% of the 941 startups surveyed did not have a single female board member in 2017, up from 66% the year before.
And it's not just board seats. The number of companies with no women in executive positions also increased in 2017, to more than half of the companies surveyed.
It's a worrying uptick to a trend that has received a lot of lip service, but very little action.
When First Round Capital performed a similar survey six months ago, nearly a third of the 700 startups it surveyed hadn't even talked about diversity as a company priority. According to Silicon Valley Bank, at least a quarter of the companies that responded did have some diversity plans. But that doesn't mean companies will be able to reverse this new trend. Even Facebook, with its best-laid plans, has struggled with promoting diversity and inclusion in its ranks.
- I spent 2 weeks in India. A highlight was visiting a small mountain town so beautiful it didn't seem real.
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- World Liver Day 2024: 10 Foods that are necessary for a healthy liver
- Essential tips for effortlessly renewing your bike insurance policy in 2024
- Indian Railways to break record with 9,111 trips to meet travel demand this summer, nearly 3,000 more than in 2023
- India's exports to China, UAE, Russia, Singapore rose in 2023-24
- A case for investing in Government securities