Made by: Coupofy
With a net worth of $7.5 billion, Zhou Qunfei (founder of Hong Kong-based Lens technology) is a trailblazer for women in the technology industry. Her company is one of the leaders in touchscreen manufacturing, with contracts for Apple, Samsung and other leading consumer electronics brands.
Other women who have made it in the male dominated industry include Denise Coates who founded the UK-based gambling website bet365. Her net worth is $2.9 billion. At $2.6 billion is Judy Faulkner of Epic Systems, a firm which developed a popular piece of computer software for the healthcare industry. HP’s CEO Meg Whitman follows closely behind with a net worth of $2.2 billion.
On the investment side is Jenny Lee of GGV Capital. As a managing partner, she was the biggest investor in the tech industry in 2015 and was actually the first woman to make it to the top of Forbes’ venture capitalist rankings.
However, unfortunately, these five women are the exception to the rule. Just 7 percent of the richest billionaires in tech are women. This fact is one of 33 others gathered by Coupofy in a new infographic about the female technology landscape.
Other revealing facts are that just 20 percent of tech companies are founded by women, 17 percent of the Chief Information Officers of the Fortune 500 are women, and only 5 percent of venture capital injected into the industry comes from women, despite Jenny Lee setting the example. Quite simply it’s still a men’s world in tech.
Perhaps one of the most telling facts from the infographic is that more than 50 percent of women who enter the field end up leaving before they retire. What could be driving them away?
Survey data suggests a variety of concerns including the feeling that they’re being passed up for promotion, low salaries and pay, there’s too much travelling and too many hours, and they would like to spend more time with their families. A lower percentage of those questioned said they simply no longer enjoyed the work or did not get on with other employees, bosses or the overall company culture.
Data also revealed some of what these women did after leaving tech companies. 20 percent had extensive time out of work, 24 percent moved into another industry while 10 percent used their talent to join a startup. 22 percent remained in the tech industry but chose to be their own boss as a freelancer.
We, therefore, might conclude that women would fair better in tech if there were more remote work and flexible hours opportunities, so they could spend more time with their families. Interestingly both Netflix and Facebook extended the amount of time they permit for maternity leave, which is, of course, another reason why women leave many industries – to start families.
Several venture capital firms have noticed the disparity between men and women in tech and decided to only fund startups that are founded by women. These include the likes of Belle Capital, Illuminate Ventures and Built By Girls.
The wider problem is also being faced head on by some of the largest tech companies in the world. EBay, Apple, Yahoo!, Facebook, Twitter, LinkedIn, Google, and Microsoft – are now collectively hiring women at a rate 238 percent faster than men!
Meanwhile, the example is being set by that IBM, HP, Yahoo! and YouTube, whom now all have female CEOs.
So it seems although technology is still predominantly a male industry, measures are being put in place to make it more gender equal.
To learn more about women in tech, be sure to check out the full infographic!