Spencer Crawley, co-founder and general partner; and Clara Lindh Bergendorff, an investor at firstminute capital, discuss why gender balance across the workforce often translates into business success.
Over the past few years, the tech industry has suffered from a well-publicised dearth of female engineers, founders, and investors – figures vary globally but in general just 25% of tech employees are female and only 5% in leadership positions.
The direct consequences of this are still being played out, but they include missed opportunities of innovation, negatively male-centric cultures, and restrictive groupthink. Though the underlying causes of the underrepresentation of women in tech are complex and deep-rooted – ranging from societal expectations of children, lack of role models and self-perpetuating underrepresentation in STEM education – the upshot has been loudly proclaimed for some time: more needs to be done to move towards an equitable equilibrium and promote greater female representation in tech....