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Uplift Women and Commit to Diversity for a Better and Richer World
2020 was certainly disruptive for many. But it was also a year of awakening and a reminder of the many gaps in the world (gender, income, race) and that change is possible and necessary.
Consider this: in the developed world, 53% of all students that finished general secondary education (high school equivalent) in 2013 were girls. By 2020, in the OECD countries, an estimated 57% of students who receive higher education are female (increasing from 48% in 1990).
Great news so far!
When it comes to managing businesses, finance, and investments, the picture is much different:
(1) Women represented 39% of business owners in the U.S. but only 4% of business revenue.
(2) Global venture funding to female-founded companies was about 2% of the total in 2020 (~$5 billion, data through mid-December). It is slightly better at 9% for female/male co-founded companies.
(3) Women and minority-owned firms manage 2% or less of the assets in the investment management industry in mutual funds, hedge funds, and real estate, and about 8% of the assets in private equity. Only 31% of US VC firms have one or more female partners.
