Why there are only 2 women on the 2019 Next Billion-Dollar Startups list: by mcgrathmag
"It’s easier to be overlooked or underestimated because I don’t look like what most people think of when they hear trucking or trucker or even technology" company CEO, says Lidia Yan, the CEO and cofounder of Next Trucking. Photo by Tim Pannell forLidia Yan realizes she doesn't look like what most people expect a trucking company CEO to be—for one thing, she’s a woman, and she looks even less than her 5’2” next to a giant Peterbilt cab.
“There’s been a lot of media and publicity over the last couple of years with Time’s Up and All Raise and entirely female-focused venture funds, but the reality is that it takes years to build companies,” says Suzy Ryoo, a partner at the Los Angeles-based Cross Culture Ventures. “After the intentionality of the past couple of years has sunk in… I do think the number of women on the list will increase in years to come.
“The only numbers that I’ve seen that show even a hint of upward movement are when you cut the venture figures by deal count, which points to the fact that women are being included in deals, but not enough money is being put to work just yet on those deals,” says Dana Kanze, an assistant professor of organizational behavior at the London Business School who studies andObviously, a company’s valuation—and the Next Billion-Dollar Startups list—is based on more than just venture funding.
“One of the first people who believed in Front was Patrick Collison, the CEO of Stripe. He’s one of my mentors, and when I was raising our seed round, he recommended that the valuation I was seeking should have been 3x larger,” Collin told. She admits to leaving money on the table in the early days of fundraising for Front, and says she has regrets about that.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Next Billion-Dollar Startups 2019Forbes searched the country for the 25 fast-growing, venture-backed startups most likely to reach $1 billion in value.
Read more »
Next Billion-Dollar Startups 2019Each year for the past 5, we have searched the country for the 25 venture-backed startups most likely to reach $1 billion in value
Read more »
Next Billion-Dollar Startups 2019The 2019 Next Billion Dollar Startups list launched today! But, only two of the 25 companies have female chief executives. mcgrathmag examines why that is:
Read more »
Cryptocurrency Crimefighter Chainalysis Becomes First Blockchain Company To Make Next Billion-Dollar Startups ListHis sleuthing uncovered $1.2 billion in bitcoin (or $6.5 billion in current prices) investigators thought was lost for good.
Read more »
Amazon is projected to rack up $5.8 billion over Prime Day 2019During Prime Day 2019, Amazon is projected to bring in $5.8 billion in global sales – a 49% increase from Prime Day 2018.
Read more »
The Next Billion Dollar Startups: Where Are They Now? (Exit Edition)Nearly half of companies on the 2015-2018 Next Billion Dollar Startups Lists have IPO’d, been acquired, or been valued at $1 billion or greater. With 2019 gearing up to be a year of major liquidity events, it’s a good time recognize the exits from our Next Billion Dollar Startups lists to date.
Read more »