By Karen E. Klein on February 20, 2013
Women-led private technology companies are more capital-efficient, achieve 35 percent higher return on investment, and, when venture-backed, bring in 12 percent higher revenue than male-owned tech companies. That’s according to new research presented at a recent conference in San Francisco organized by Women 2.0, a media company devoted to women founders in the tech industry. It indicates female entrepreneurs, who have traditionally lagged behind their male counterparts, are catching up, at least by some measures.
Led by Vivek Wadhwa, who holds titles at Stanford and Duke universities, and Lesa Mitchell, a vice president at the Kauffman Foundation, the report “Women in Technology: Evolving, Ready to Save the World” draws on responses to an online survey from 500 women in the tech sector (inside and outside the U.S.) and is scheduled to be published this spring.
It shows that the average age of women entrepreneurs founding tech companies has dropped, from 41 to 32, since an earlier, smaller study was done in 2009, and the percentage who have had graduate-level education has risen, from 40 percent to 56 percent. The findings about women’s contributions to success bolster previous research from several sources, including a Credit Suisse Research Institute (CS) report and Dow Jones VentureSource (NWS) analysis.