High Performance Entrepreneurs Final 3-1UL

High Performance Entrepreneurs Final 3-1UL - Due to a...

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Unformatted text preview: Due to a research project being conducted by Stanford students, we would ask that you refer others to www.illluminate.com/whitepaper to receive their own copy of this document rather than forwarding or distributing this document directly. Cindy Padnos Illuminate Ventures www.illuminate.com February 1, 2010 HIGH PERFORMANCE ENTREPRENEURS: WOMEN IN HIGH-TECH 2010 Illuminate Ventures, All Rights Reserved 2 INTRODUCTION Investors seeking to reinvigorate bottom line performance would do well to look at the potential for advantaged returns in an often-overlooked group of companies high-tech start-ups co-founded or led by women entrepreneurs. Over the past 30 years, more and more women have co-founded and successfully built capital-efficient high- tech companies that deliver venture-level returns. 1 And they are doing so with less funding and fewer failures than the norm. 2 In just the last 10 years, womens involvement at officerlevel in companies that IPO has grown dramatically - from 10 percent in 1997 to over 55 percent in 2007. 3 Women are now earning the necessary degrees and have gained appropriate management experience to make substantial contributions to technology development. Repeated studies find that gender diversity at the officer level improves financial results and leads to more creative problem solving. Today, women make up more than 30 percent of the high-tech workforce and yet they receive less than 10 percent of venture funding. 4 This paper illuminates the opportunity represented by the current investment gap between the large and fast growing pool of skilled women entrepreneurs in high-tech and the limited funding in this sector. We focus on the profit potential of financing companies co-founded or led by women - the invisible entrepreneurs. WOMEN ARE VENTURE-READY The Right Education The growth of womens participation in high-tech is reflected in a changing educational landscape. The National Academy of Sciences recently reported that United States girls are matching boys in mathematical achievement. 5 Today in the U.S., 140 women enroll in higher education for every 100 men, 6 with women earning more than 50 percent of all bachelors and masters degrees, and nearly 50 percent of all doctorates. 7 More important than the number of women earning degrees is the fact that they are obtaining the right degrees typically needed for successful careers in high-tech. As shown in Chart 1, womens participation in business and MBA programs has grown more than five-fold since the 1970s, and the increase in the number of engineering degrees granted to women grew almost 10-fold. 8 Chart 1 In top technical programs at schools that have made a conscious effort to include women, the increase in female students far outpaces the average. For example, during the late 1990s, the number of female students entering Carnegie Mellon Universitys prestigious Computer Science program increased more than 2010 Illuminate Ventures, All Rights Reserved...
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This note was uploaded on 09/13/2011 for the course EEE 3033 taught by Professor Staff during the Fall '11 term at Oklahoma State.

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High Performance Entrepreneurs Final 3-1UL - Due to a...

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