Company
Date Published
Author
Susan Walsh
Word count
1643
Language
English
Hacker News points
None

Summary

A recent report by The Classification Guru highlights the stark gender disparity among business founders, revealing that only 10% of active companies globally have female founders, a notably lower figure than the World Bank's finding that 1 in 3 businesses are owned by women. Utilizing data from Crunchbase and other sources, the report underscores the systemic underrepresentation of women, particularly in larger companies, with female entrepreneurs often concentrated in startups and solo ventures. It also reveals a significant funding gap, as female founders receive markedly less venture capital than their male counterparts, with $5 billion allocated to women compared to $272 billion for men. The analysis emphasizes the importance of reliable data sources to accurately assess and address these disparities, suggesting that collective efforts and clean, trustworthy datasets like those from Bright Data can help illuminate true funding dynamics and success rates for female-led businesses. The report calls for more comprehensive data collection on various diversity dimensions, advocating for broader representation to inform better business decisions.