The most notable metrics of success in Silicon Valley—valuations, fundraising, decision-making power—still favor men. While women-led startups raised $12.4 billion in 2017 according to Pitchbook, an big increase over previous years, the gender gap remains large.
And it starts at the top. According to a new report from Silicon Valley Bank, only 28% of startups’ founding teams in the US include at least one woman. By contrast, half of US startups had at least one founder born outside the US. The report surveyed 1,400 startup founders and executives in the US, the UK, China, and Canada.
Looking more broadly at leadership roles, from CEO to general counsel, a slightly better picture emerges. In the US, 53% of startups had female executives and 37% had a woman on their board. But those figures still lag far behind Canada (60% of startups had female executives), the UK (57%), and China (70%).