Women at the Wheel: Dow Jones Study on the Impact of Women Leadership at Venture-Backed Companies
From the Executive Summary:
1.3% of privately held companies have a female founder, 6.5% have a female CEO, and 20% have one or more female C-level executives.
The most common positions held by female executives were within Sales & Marketing roles, accounting for 27% of the total population sample. The overall median proportion of female executives is 7.1% at successful companies and 3.1% at unsuccessful companies, demonstrating the value that having more females can potentially bring to a management team.
By industry, we identify the median proportion of female executives at successful companies as higher than that of unsuccessful companies in the IT, healthcare, consumer services, and business and financial services industries, which are the four largest sectors.
We see that a company’s odds for success (versus unsuccess) increase with more female executives at the VP and director levels. For start-ups with five or more females, 61% were successful and only 39% failed.