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Research shows startup founders were already pretty well-off before founding companies - Business Insider

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Research confirms tech founders are already well-off and well-educated before starting their companies

Balderton Capital's Suranga Chandratillake says the European tech industry has acknowledged its diversity problem but must take action.simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.

While venture capital firms and founders have increasingly spoken out about the need for greater diversity among tech founders and investors, class and education is a little-discussed aspect of the diversity debate. In other words, it helps to already be comparatively wealthy and highly educated if you're going to take the massive, life-changing risk that is founding a startup.Turning to ethnicity, the survey also found 84% of Europe's tech bosses were white, compared to less than one percent of those identifying as black, African or Caribbean.

Poland came bottom, with a whopping 94% of startups being founded by all-men teams, in contrast to the 6% started by mixed teams and none by women.

 

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