I recently read an article in the New York Times about women in the high-tech industry, particularly Silicon Valley. It was quite discouraging information, but it does give some insight into why the U.S. is falling so far behind the rest of the world in innovation and information sciences.
Here are some highlights from the article:
- Women own 40 percent of private businesses in the U.S., but create only 8 percent of venture-backed tech startups.
- Just 14 percent of Venture Capitalists are women.
- Women outnumber men at elite colleges, law schools, medical schools, and the overall workforce, but are noticeably scarce in the high-tech world.
- Only 18 percent of college students graduating with computer science degrees in 2008 were women—down from 37 percent in 1985.
- Only 1 percent of girls taking the SAT in 2009 said they wanted to major in computer or information sciences.
- Mixed-gender teams have produced technology patents that are cited 26 percent to 42 percent more often than the norm.
- Women have few role models in high-tech.
These are just a few of the key points presented in this illuminating article. I highly recommend the article, because it speaks directly to our country’s decline in innovation and loss of high-tech leadership.
The title of the article is Out of the Loop in Silicon Valley, by Claire Cain Miller. I included a link here.