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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

eBay exec explains why the company stopped competing with Amazon - Business InsiderBusiness Insider spoke with Marni Levine, eBay's vice president of merchandising, to hear the company's evolving stance on competing with Amazon.
Source: BusinessInsider - 🏆 729. / 51 Read more »

European startups raise $30 billion in 2019 after Amazon, Sequoia mega-deals - Business InsiderEuropean startups are being flooded with cash thanks to mega-rounds and US giants hovering for deals
Source: BusinessInsider - 🏆 729. / 51 Read more »

How a 6-month sabbatical led a consultant to found Boatsetter - Business InsiderThe former consultant who launched the 'Airbnb of yachts' says she got her business idea after a taking a 6-month sabbatical — and watching her brothers struggle to sell their boats
Source: BusinessInsider - 🏆 729. / 51 Read more »