Cultural pivot

Female venture capitalists re-sparking Silicon Valley

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Peter DaSilva/The New York Times

Recent lawsuits, like Ellen Pao’s case against Kleiner Perkins, have exposed the prevailing sexism of Silicon Valley. Ninety-four percent of partners at venture capital firms are men, and only 23 percent of these firms have had a female investor. Studies have shown that a lack of female investors has contributed to male-dominated start-up boards, fewer women executives and engineers, and unequal pay. But according to The New York Times, a group of firms and investment networks with women at the helm are surfacing to support a growing crop of female entrepreneurs. “We are getting a first look at an unfair share of these amazing, oftentimes repeat entrepreneurs, who happen to be female,” said Theresia Gouw, a founder of female-run firm Aspect Ventures. As more women become the Valley’s gatekeepers, let’s hope this will uproot the notorious boys’ club culture of Silicon Valley.

Read the full story at The New York Times.

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