teams: Once funding is allocated, the divide is even more stark while 85% of deals involve all-male founding teams, they receive 93% of the money invested, according to The Guardian. All-female founding teams receive just 2% and the figures have barely changed in the past five years. Out of 175 large startups included in the survey, just one had a female chief technology officer, only 6% had a female chief executive, and even the roles most often held by women chief marketing officer and chief financial officer were held by men 80% of the time. In 2012 all-male teams received 92% of all the capital invested. Europe's VC venture capital industry is missing out on returns because we are lacking in diversity, Zennstr m said. Niklas Zennstr m, the Swedish billionaire who founded Atomico after selling his previous companies Skype and Kazaa, said the investment community needed to lead the change.
(news.financializer.com). As
reported in the news.
Tagged under teams, money topics.