50% of women leave tech within the first five years because of the barriers
The technology industry may be growing up during a more enlightened age when men and women are supposed to be on equal footing in the workplace, but its bro-heavy culture seems to be holding both women and, ultimately, its fortunes back.
FP: We’ve all heard about the extreme end of sexism — harassment — in the tech industry. What’s it like for women these days? FP: There was a recent study suggesting that in North America, between 2011 and 2013, companies with female CEOs accounted for only three per cent of venture-capital funding. FP: Where does networking happen? For example, I’ve seen tweets of women taking selfies in empty bathrooms at tech conferences — since there are so few women, there’s no lineup in the washroom.
FP: In terms of recruiting, you’ve mentioned the inherent biases in tech and that fewer women are founders. Are we doing a good job of getting women interested in tech and to lead these companies? Agrell: We have a lot of companies where there is literally one woman on the team. Most of our peer groups in OneEleven are role based. We have a peer group for CTOs, for COs, for CMOs. But we’ve just introduced a women’s peer group because we’re recognizing they need the support that we can draw from other companies.
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