Women in the tech world

I enjoyed this article on the challenges women in tech fields face.

The article also mentions several studies showing that firms with women make smarter businesses decisions than male-dominated firms:

Venture-backed start-ups run by women use, on average, 40 percent less capital than start-ups run by men and are increasingly involved in successful initial public offerings of stock, according to a recent white paper by Cindy Padnos, a venture capitalist who compiled data from 100 studies on gender and tech entrepreneurship….

Studies have found that teams with both women and men are more profitable and innovative. Mixed-gender teams have produced information technology patents that are cited 26 percent to 42 percent more often than the norm, according to the National Center for Women and Information Technology.

In a study analyzing the relationship between the composition of corporate boards and financial performance, Catalyst, a research organization on women and business, found a greater return on investment, equity and sales in I.T. companies that have directors who are women.

I’d bet that’s true of firms embracing all forms of diversity — race, nationality, age, sex, sexual preference, education, experience, etc.

Posted by James on Monday, April 19, 2010