Get ready for action…Over the next several weeks, we’re going to break out our “crystal ball”.
Wondering who’s going to win the Super Bowl, or the men’s downhill in the Winter Olympics? Umm, if so, you might be reading the wrong email. But if you’re looking for predictions about major business trends – and for advice about how to make money from them through equity crowdfunding – you’ve come to the right place.
Ready for our first piece of advice? Here we go: Get Vertical.
The above line is from the classic and brilliant film Mean Girls. The fake compliment was given by Regina George. George is a queen bee at a high school. She rules the social scene because she is a brilliant war strategist.
As we all know by now, the tech industry is overwhelmingly male. And when it comes to women entrepreneurs running VC-backed startups, the numbers are even more abysmal. While about half the small businesses in the U.S. are founded by women, in the tech industry women founders represent less than 7% of startups that get VC funding, according to research from MIT.
A man and a women start their careers in the same role, at the same company on the same day. They are promoted at the same time, achieve the same level of seniority and retire at identical moments. How much more did the man earn?
The answer, at least according to a poll of 38,843 executives conducted by the Chartered Management Institute late last year, is £423,390. The higher up the ladder you climb, the bigger the pay differential too, with female directors earning an average salary of £127,257, £14,689 less than males in equivalent roles.