Men vs Women Entrepreneurs – “Not Much Difference”

by Lynnea Bylund on October 29, 2010 · 15 comments

There’s been a lot of controversey about the disparrancy of women entrepreneurs, being fewer than men, in technology and what’s behind this problem—or if it even is a problem. Many experts have weighed in on the differences between male and female business promoters, one expert decided to investigate.

Former entrepreneur-turned-academic Vivek Wadhwa, over at TechCrunch, acessed the backgrounds of over 650 startup tech industry founders, as well as nearly 550 founders of businesses in other fast-growing sectors. “Our research focused on successful startups—those that had made it out of the garage, had employees, and were actually generating revenue,” writes Wadhwa on TechCrunch. Here’s what they found:

From Small Business Trends

The average age of a successful tech entrepreneur is 39; for other high-growth companies, it was 40. Overall, company founders were typically married; had two or more children; had six to 10 years of work experience.

That dispells some myths about tech startup founders in general (they’re not all college students or single twenty-something men), but Wadhwa also wanted to take a closer look at male vs. female founders. He enlisted Joanne Cohoon of the National Council of Women in Technology (NCWIT), whose analysts assessed the data. The result? There was almost no difference between men and women company founders.

Both had an equally strong passion to build wealth.

Both started their companies to capitalize on business ideas.

Both enjoyed the culture of startups.

Both were tired of working for a boss.

Both had a long-standing desire to own their own businesses.

Their average ages at startup were the same.

Men and women were equally likely to have children at home when they started their businesses. (However, men were more likely to be married.)

One difference: Wadhwa found that women got slightly more funding than did men from business partners. (You can read the full results in Are Successful Women Entrepreneurs Different from Men?)

Now, while Wadhwa didn’t find differences between male and female tech founders, he does emphasize that there is a real shortage of women entering technology. “The imbalance between the sexes … is increasing over time,” he writes. Among the discouraging realities: The percentage of computer science students who are female has dropped from 37 percent in 1985 to 19 percent today; just 1 percent of high-tech startups have a woman as CEO.

{ 15 comments }

1 JohnJ November 18, 2010 at 10:47 am

I think women make better entrpreneurs, statistically.

2 Clarinda Rowley January 4, 2011 at 10:38 pm

Wonderful explanation on the differences and similarities on male and female business owners.

3 Kombi Tamiri February 1, 2011 at 7:28 pm

The article is great, I got the idea! Women are better entrepreneurs! LOL

4 Freita Wallace February 9, 2011 at 4:58 pm

When it comes to business, the difference between sexes is negligible.

5 Dee Boyden February 14, 2011 at 7:09 am

This blog appears to get a large ammount of visitors. How do you advertise it? It gives a nice individual spin on things. I really liked the breakdown of men vs women in business!

6 Julian Albang February 14, 2011 at 7:04 pm

Youre so cool! I dont suppose Ive learn anything like this before. So good to seek out somebody with some original ideas on this subject. Men and women promoters are NOT much different!

7 Destra Vado February 17, 2011 at 10:42 pm

I have found much difference in the management style between the sexes, which is why I prefer NOT to work for a woman, thank you very much!

8 MP John February 18, 2011 at 3:48 pm

I find that women in business startups are more calm and focused.

9 Ethelene Boers February 24, 2011 at 8:11 am

My personal experience is different – I have found a broader difference in male and female entrepreneurs.

10 Canada Roberta April 4, 2011 at 9:36 pm

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11 Jeffery Nightlinger April 8, 2011 at 10:40 pm

I wish to express my passion for your kindness in support of all those that must have guidance on this important theme. Clearly there IS a profound difference between successful female and male entrepreneurs. Thank you for this! JN

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15 restauracje Poznan May 4, 2011 at 7:52 pm

There are some interesting closing dates on this article but I don’t know if I see all of them middle to heart. There is some validity however I will take maintain opinion until I look into it further. Good article , thanks and we want extra! Added to FeedBurner as well

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