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August 17, 2006
In The VC World You Can't Say Cherchez La Femme
VentureWire Alert is reporting today the number of women running venture backed companies is on the decline, sourcing its sister research company, VentureOne, whose database is fairly definitive, we hear.
The percentage of venture-backed companies with female chief executives has fallen from roughly 8% in 1999 to about 5% in 2005, while the percentage of companies with women in management at a level of vice president or higher has fallen from 41% to 33% during that same period.Through the first half of 2006 the downward trend continued, with less than 4% of the CEO jobs at venture-backed companies going to women, and the percentage with female top managers falling to about 30%. Both figures would be 10-year lows, according to the study.
We guess that the data makes it one place where when buckets of money are lost, you cannot say, "cherchez la femme".
Read - Meanings and origins of phrases (phrases.org)
Posted on August 17, 2006 03:53 PM | Posted to Venture Capital | Permalink
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» Only 3 women partners in UK VC ? from Fred Destin
Valerie says in our world you can't say cherchez la femme, pointing to only 5% female CEOs in tech. The same is true of venture capital itself. In the UK market, as far as I know, there are only three [Read More]
Tracked on August 21, 2006 09:16 AM
