Women led ventures succeed more often, with better returns
Women led companies think outside the box
First Round Capital took a look at 300 of its portfolio companies and almost 600 founders, and found that the teams with at least one female founder did 63% better than the all-male founder teams.
Companies in the top quartile for gender diversity are 15 percent more likely to have financial returns above their respective national industry medians.
"The fastest growing companies," the survey report noted, "at 200%+ growth, are 75% more likely to have a female founder."
Women led companies recruit great talent
In the companies where a woman serves as the chief executive, 48 per cent of the executive team is female, compared with only 11 per cent when the CEO is male.
Toronto has a better track record than most, according to the #movethedial report. In Canada, 13 per cent of tech companies had at least one woman founder. The country's leading city for tech startups is a hot spot for female entrepreneurship. Among the new ventures, almost 30 per cent have at least one woman on the founding team.
Women led companies create and serve bigger markets
Women represent the largest disruptive force in business — and the business world is unprepared
"When venture capital starts to look beyond the same small pool of founders, we’ll see more innovative ideas with the potential to improve the lives of more people. We’ll also see a new generation of business leaders that better reflects the market they’re trying to serve, and ultimately delivers higher financial returns for investors."
- Melinda Gates
Not only are women the dominant users of the fastest-growing mobile and social platforms, they make or influence 85 percent of all consumer purchases.