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Hail To The Female

Hail To The Female Untapped Tech Talent 2010 marked the first year that women became the majority of the U.S. workforce. At the same time, the technology industry is thriving in this digital era. Data shows that women make strong leaders and company founders, often bringing more efficiency and profitability to the table than men. So, why is it then that women are still largely absent from this sector? Women Become the Majority of the Workforce Women hold more than half of all professional occupations in the U.S. But they make up just 24 percent of the high-tech workforce. More Women are Getting Degrees For every two men who get a college degree this year. ..three women will achieve the same. Tech Industry: A Man's Playground? Men Overwhelmingly Dominate the Tech Industry Despite making up the bulk of the workforce, women are still occupying proportionately fewer positions in technology-based professions. WOMEN MEN 7.7% 19.4% 6.3% 27.2% 92.3% 80.6% 93.7% 72.8% Electrical & electronics engineers Computer hardware engineers Engineering managers Computer & information systems Men Receive More Degrees in Computer Science Although they receive more college degrees, women still see a stark imbalance compared to men when it comes to majoring in fields that tend to open doors into the tech world. 50,000 MEN 45.000 WOMEN 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 "86 '87 88 '89 90 91 92 93 94 95 96 97 98 99 00 '01 02 03 04 '05 06 The National Center for Education Statistics has tracked the number of Bachelors degrees awarded in computer science, the discipline that prepares students for the information technology sector. Even though it shows some growth, their data shows that women are still underrepresented when compared to men. Female Vs. Male Startup Founders They Share the Same Goals TechCrunch analyzed the backgrounds of 652 startup founders in the tech industry and found that male and female tech startup founders go through many of the same obstacles and share many of the same motivations. Percent Citing the Following Reasons as “Important" or “Very Important" 77% MEN Startup company culture appealed to me 1 68% WOMEN Wanted to capitalize on a business idea I had 73% 171% 173% 76% Wanted to build wealth | 70% | 65% Have always wanted my own company 70% Working for someone else didn't appeal to me 160% 56% Co-founder encouraged me to become a partner and start our company 31% 55% An entrepreneurial friend/family member was a role model 40% Developed a technology in a laboratory environment and wanted to see it make an impact | 29% | 22% 5% Couldn't find traditional employment 5% Still, There are Fewer Female Tech Startup Founders According to the Center for Women's Business Research, women own 40% of private businesses in the U.S. But they create only 8 percent of the venture-backed tech start ups, and receive less than 10 percent of venture capitalist funding. Why Silicon Valley Should Pay Attention to Women Efficiency "Venture-backed startups run by women use, on average, 40 percent less capital than startups run by men." --NYTIMES.COM Library House, Ltd. examined 600 European companies in 2007 and discovered that the average IN EUROPE TOO venture-backed company run by a female chief executive had annual revenues 12 percent higher than those run by men, using one-third less committed capital. By 2005, one in five of the U.S. firms that earned $1 million or more in revenue was female-owned. Growing Influence Women-led firms are the fastest growing sector of new ventures in the U.S., growing five times faster than all new firms between 1997 and 2006. Soft Skills Over 84 percent of technical women in senior positions view themselves as strong collaborators, an Anita Borg Institute for Women in Technology study found. Collaboration is becoming increasingly important in the modern workplace, and leaders with soft skills-the personal, non-technical attributes that enhance a member's performance-are more sought-after than ever. Many women in technology are a good fit in these roles because they can blend both hard and soft skills; technical and non-technical knowledge. Notable Female Game Changers in Tech CATERINA FAKE ANNE WOJCICKI & LINDA AVEY HEIDI ROIZEN RASHMI SINHA CO-FOUNDED CO-FOUNDED CO-FOUNDED FOUNDED 23ANDME (2007) A service that takes a populist approach to DNA by providing personal genetic testing information, with analysis of genetic variations, risks for diseases and familial information. T/MAKER COMPANY HUNCH (2009) A "taste graph" site that maps Internet users to their favorite entity- SLIDESHARE (2006) An online slide hosting service set up mainly for sharing ideas among businesses. (1983) Made software for CP/M and MSDOS computers, and later, the Apple Mac. whether it's a cookbook or a travel destination. FLICKR (2004) At the end of last year, 23andMe raised more than $22 million in its third round of funding. Photo-sharing service. O SOCIALCAST SOCIALCAST O 2011 SOCIALCAST INC. ALL OTHER TRADEMARKS HEREIN ARE RECOGNIZED TO BE THE PROPERTY OF THEIR RESPECTIVE OWNERS. SOCIALCAST SOCALCAST SOCIALCAST SOURCES: Council of Graduate Schools | Center for Women's Business Research | Astia | New York Times | Tech Crunch | Illuminate Ventures | Caterina.net | Hay Group | Anita Borg Institute for Women and Technology SOCIALCAST SOCIALCAST CIALCAST SOCIALCAST SOCIAL

Hail To The Female

shared by ColumnFive on Jul 28
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2010 marked the first year that women became the majority of the U.S. workforce. At the same time, the technology industry is thriving in this digital era. Data shows that women make strong leaders an...

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