Diversity
British Polar explorer, Antarctic scientist and author, Felicity Aston is an established expedition leader who has successfully organised and led numerous global missions. As an ambassador for the First Women project, Felicity has led international teams of women to some of the most remote places around the world. Her expeditions have included the first British Women’s crossing of Greenland, The Women’s Euro-Arabian North Pole Expedition and The Pole of Cold Expedition.
To date, the artificial intelligence (AI) industry has had quite a difficult history with diversity standards. Despite studies probing inclusivity and bias, statistics for gender and racial diversity in the sector are alarmingly low. And given that we are living in an age of strong activism in these spaces, it is high time that the tech industry follows suit with some practical steps.
In the first part of this series I looked specifically at why women aren’t investing. This time, I’m exploring what’s stopping everyone else.
PitchBook, the data provider for the private and public equity markets, has released All In: Women in the VC Ecosystem, its second annual report examining global Venture Capital (VC) investment in female-founded startups. The report, published with support from Microsoft for Startups and Beyond the Billion, shows the coronavirus pandemic has disproportionately impacted female founders and CEOs negatively, despite undeniable, long term gains in VC investment over the past decade.
A staggering £4bn of investment went to UK tech companies in the first half of 2020. The British Business Bank’s recent Government report, together with recent surveys by leading investment platforms like Stakeholderz, show that despite the challenges posed this year, investors are continuing to back the UK’s high growth tech companies, with many indicating they will invest the same or more over the next year. Tech has long proved to be a lucrative and attractive sector for investors and entrepreneurs.
Startups Magazine and Fiverr have come together to bring Female Founders a Micro-Grant, to win £5,000 Fiverr credit. This competition has now closed for new entries.
This has been quite a year and if 2020’s taught us anything it’s that we need to take very good care of ourselves, as our business’s biggest asset. Your wellbeing is the source of energy and creativity that your business needs.
We at The WealthiHer Network have delved into the challenges facing female entrepreneurs in today’s society, the potential they create economically and socially, and the turnaround traits needed to drive recovery for all. Our fear is that without positive action, the path to recovery for female entrepreneurs is under threat… especially in a post COVID-19 society.
“I’m starting to think my profile could be an asset for the business,” a brilliant female founder confided over a virtual Zoom coffee a couple of weeks back (I miss real life, barista made flat whites and hugging clients hello but that’s a sidebar). “I always want to make it about the business but I think I could be a bit of an asset.”
Following our recent Women in Tech event to celebrate Female Founders, Startups Magazine decided to support the Young Women’s Trust with all the amazing work they have been doing, with all the profits from the event.
B2B tech Unicorns with more female leaders are more likely to have female staff in the rest of the organisation, according to findings from ‘Part One: Female Inclusion’ of leading European B2B SaaS Venture Capital firm Notion Capital’s report, Which Diversity Measures Work?
In our recent Women in Tech issue, we asked one of our partners Fiverr to chose ‘Fiverr’s Top 5 Female Founders’. Of course, a very hard job knowing how much talent there is out there, but nonetheless her are the wonderful Founders, in no particular order that made that five!
Founded in 2014, Hatch has been on a mission to increase diversity in entrepreneurship and has been shining the spotlight on diverse women-led businesses ever since.
The year 2020 is a year like no other. While data shows the pandemic hasn’t affected the overall amount VC dollars invested in tech companies (on par with previous years; US), it has already had a disproportionate effect on the funds allocated to women-led businesses. Venture checks for female founders are at their lowest since 2017. The broader picture is even grimmer, with a real threat to roll back the last 30 years of economic progress for women (according to the International Monetary Fund).
A certain male news anchor once said: “What the hell is diversity?” Little did he know that the woman who entered the room in the next six seconds would be the best news anchor he ever met. A lot has happened since the Sixties, Seventies, Eighties and Nineties and we as a society are better for it.
It is no secret by now that we are huge supporters of encouraging more females into the tech industry, and closing the gender equality gap. We have recently released out latest issue all about Women in Tech, where we spoke to some amazing females and heard some empowering stories from both males and females in the industry. However, to hear from some more inspiring females and males about the tech industry, and particularly the role women have within it, then head along to the 4th annual conference from Women in Electronics.
Resilience and Recovery, a new report from the Female Founders Forum – a project by think tank The Entrepreneurs Network, in partnership with Barclays – has revealed that female-founded, equity-backed businesses have been worse affected by the COVID-19 pandemic than their male counterparts.
Startups Magazine and Fiverr have come together to bring Female Founders a Micro-Grant, to win £5,000 Fiverr credit. This competition has now closed for new entries.
A woman’s work is never done. This phrase is now more poignant than ever as we grapple with the new realities posed by the current pandemic. It is, however, especially true for successful female entrepreneurs who are left dealing with the struggles of everyday life whilst trying to run a thriving business.
Hopefully, it goes without saying that women are vital members of any team in business. The best ideas are conceptualised and executed by groups with a variety of backgrounds, skills and opinions – homogenised teams will lead to unexciting products.
