Women (founders) are more likely to say they want to “change the world” : Global Startup Ecosystem Report 2018.
I wanted to take a peek at last years Startup Genome Global Startup Ecosystem Report – 2018 (new one due next month) and in continuation of my post ‘Women make 25% less than men’ – last Sunday(10th March) I wanted what the surgery said about Startup Founder – both female and male.
Their analysis found ‘that women are more likely to say they want to “change the world” with their startups, while men are more likely to say their main mission is to “build high-quality products.” We also find that in their local ecosystems, women tend to build more relationships with other founders, but are not as well-connected to investors as their male counterparts (Is it because the VC/Angel ecosystem is still a predominantly male club? – annotation mine). Additionally, our research shows differences in how female and male founders initially finance their startups.’
Two graphs below from the report illustrating the above.
There is a lot more in the report itself. Most interesting are the subsections that are in growth mode (• #1 Adv. Manufacturing & Robotics (189% 5-year increase in early stage funding deals) • #2 Agtech & New Food (171% 5-year increase) • #3 Blockchain (163% 5-year increase) • #4 Artificial Intelligence, Big Data & Analytics (77.5% 5-year increase) and those in decline (• #1 Adtech (35% 5-year decline in early stage funding deals) • #2 Gaming (27% 5-year decline in early stage funding deals) • #3 Digital Media (27% 5-year decline in early stage funding deals).
Global Startup Ecosystem Report 2018