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Having a Woman On Your Team Ruins Your Chances For VC Funding (theoutline.com)
Laura June, writing for The Outline: It's a well-known, well-documented fact that women entrepreneurs face an uphill battle in the fight to get funding for their businesses. But a new study suggests that it can actually be almost impossible. According to the study, published Tuesday in the journal Venture Capital, having even one woman on a company's team makes them far less likely to get funding than an entirely male one. In fact, an all male team is about four times more likely to get funding than teams with any women on them. The study was done by researchers at Babson College and Wellesley, and looked at data on 6,793 companies funded between 2011 and 2013. This is the first large-scale study in a decade to focus on women's efforts to get funding, and it's not encouraging. The authors write, "We did not determine any significant performance differences between companies with women CEOs from companies with men CEOs, so it is quite surprising that women are still, practically speaking, shut out of the market for venture capital funding, both as CEOs and participants of executive teams."
The idea isn't that people are consciously putting sexism in front of profits but rather that they are unconsciously allowing sexism to cause them to underestimate their potential profits.
Indeed. For this to have _any_ significance with regards to sexism, it needs to prove causation. Otherwise it means exactly nothing.
However, it gives us one data-point in a related discussion: This is yet another faulty argument trying to prove sexism against women. That tells me that the people trying to prove sexism against women are probably pretty bad at statistics. This study here was authored by four women. It would be interesting to see whether a) there is a correlation between bad statistics and female authorship and b) whether there actually is causation.
Most ACs are not even worth the keystrokes to insult them. Be generically insulted by this and ignored otherwise.
Sorry to hear about your experiences. Sadly, I'm not surprised.
At a previous job, there was a young girl at the front desk as a glorified receptionist. On a few occasions, she would complain about her job and her low salary. I asked her what does she want to do with her life? She had no concrete career goals and little to no training or valuable skills in any field.
I still can't understand why she would expect to earn anything close to everyone else in the office. Everyone else had years of programming experience, including the managers. If I worked in a doctor's office and had no medical training, I wouldn't expect to earn much. A receptionist is easily replaceable and doesn't have any rare or valuable skills. Doesn't matter how much people are making around me, I wouldn't be worth much. Why couldn't she understand that?
Yet there she was, complaining about unfair treatment. She wanted more money but had no way to make the company more money. That's the sort of entitlement that I'm getting sick of...