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Carri Bugbee

Atlassian finds Bay Area tech is taking less action on improving diversity and inclusio... - 0 views

  • Software maker Atlassian (NASDAQ: TEAM) found some surprises in its second such poll looking at diversity and inclusion at major tech employers. Big tech companies that have poured millions into becoming more diverse failed to show significant improvements from last year to this year. Its first survey found early last year that 83 percent of tech employees believed their company was already diverse.
  • Bay Area tech workers said they’re seeing fewer formal diversity initiatives from their companies, dropping from 55 percent in 2017 to 45 percent this year.
  • The lack of progress is reflected in several recent studies, including one from the Ascend Foundation last fall that found representation of most women and minority groups in tech sector leadership roles has been stagnant for the past decade, and the number of some minority groups in tech is actually declining.Blanche said she would have expected companies would be investing more in addressing the issue. Companies might be more afraid than ever of taking big leaps and failing, though.
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    The lack of progress is reflected in several recent studies, including one from the Ascend Foundation last fall that found representation of most women and minority groups in tech sector leadership roles has been stagnant for the past decade, and the number of some minority groups in tech is actually declining. Blanche said she would have expected companies would be investing more in addressing the issue. Companies might be more afraid than ever of taking big leaps and failing, though.
Carri Bugbee

Millennials prosper in tech as Generation X and Boomers get shut out: report - 0 views

  • “Systemic ageism exists in tech hiring practices,” Visier reported. Generation Xers are being hired for tech jobs at a rate 33 percent less than their workforce representation, and Baby Boomers 60 percent less, Visier reported. “Tech companies that design a recruitment strategy around Millennials alone are shortsighted, overlooking the performance and experience that Gen Xers and Baby Boomers bring to the table,” said Visier’s chief strategy officer Dave Weisbeck.
  • Older workers may be less likely to be hired, but there’s reportedly a silver lining. “Older tech workers do not take a hit in salary,” according to Visier. “Older tech workers that are newly hired do not — on average — experience a lower wage. Rather, newly hired workers are paid the same average salary as more tenured workers, across all age groups.”
  • “The message to employers: hiring more Gen X and Baby Boomer talent will provide more stability in their workforce and reduce turnover costs,”
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  • The tech industry’s composition, according to Visier, supports the conclusions of its research, which it says was “based on an analysis of 330,000 employees from 43 large U.S. enterprises.” The average age in tech is 38, compared to 43 in non-tech industries, Visier reported.
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    Generation Xers are being hired for tech jobs at a rate 33 percent less than their workforce representation, and Baby Boomers 60 percent less, Visier reported.
Carri Bugbee

Anita Hill: Class Actions Could Fight Discrimination in Tech - The New York Times - 0 views

  • The recent leak of a Google engineer’s screed against the company’s diversity initiatives is a reminder that the notion of Silicon Valley as the seat of human progress is a myth — at least when it comes to the way the women behind the latest in technology are treated.The tech industry is stuck in the past, more closely resembling “Mad Men”-era Madison Avenue or 1980s Wall Street than a modern egalitarian society. It may take the force of our legal system to change that.
  • While the document may be unusual in its explicit embrace of this kind of backward thinking, the attitudes that underlie it are nothing new in Silicon Valley.
  • Sadly, these types of cases represent only one element of the industrywide discrimination against women in tech. There’s also an alarming gap in pay and promotions, which has devastating effects on women’s careers.
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  • In the tech industry, women under 25 earn on average 29 percent less than their male counterparts. Women of all ages receive lower salary offers than men for the same job at the same company 63 percent of the time. They hold only 11 percent of executive positions at Silicon Valley companies and own only 5 percent of tech start-ups. Only 7 percent of partners at the top 100 venture capital firms are women. It is no wonder that the rate at which women quit tech jobs (41 percent) is more than twice as high as the corresponding rate for men.
  • By and large, women are the only ones distressed by such dynamics. Eighty-two percent of men working for start-ups agree that their companies already spend the “right amount of time” addressing diversity. Nearly half of women — 40 percent — disagree, saying inadequate time is devoted.
  • We can’t afford to wait for the tech industry to police itself — and there are few indications that it will ever do so. Consider what lawyers for Google said in May, in testimony in a suit alleging wage discrimination against women: It would be too burdensome for the company to collect data on salaries.
  • t’s hard to foresee serious government intervention coming from the current administration. Nor can we wait for bad press and shareholder class actions to force out negligent chief executives responsible for cultures of inequality.Instead, women in the industry should collectively consider their legal options. Top among these would be class-action discrimination cases against employers.
  • The tech sector is not the first white-collar “boys’ club” to demand an industrywide correction. In the 1990s, Wall Street firms faced a slew of class-action discrimination lawsuits.
  • The lesson of these cases is clear: Class-action lawsuits can force industrywide change, even in the most entrenched, male-dominated industries.
  • Women in tech no doubt have hurdles to bringing class-action lawsuits, including the requisite preponderance of statistical evidence and the prevalence of confidentiality clauses and arbitration agreements, which are, in effect, designed to pre-empt class actions. But this challenge doesn’t mean the suits cannot be brought, or won. This is a route that the women of Silicon Valley should consider, especially if regulation is not an immediate and viable solution.
  • Advancing women’s equality, which includes minimizing the gender gap in labor force participation, holds the potential to add $12 trillion to global G.D.P. by 2025.
Carri Bugbee

Why Is Silicon Valley So Awful to Women? - The Atlantic - 0 views

  • it was a reminder that as a woman in tech, she should be prepared to have her authority questioned at any moment, even by some guy trying to get a job at her company.
  • at some point, something inside her broke. Maybe it was being at tech conferences and hearing herself, the “elder stateswoman,” warning younger women to cover their drinks, because such conferences—known for alcohol, after-parties, and hot women at product booths—have been breeding grounds for unwanted sexual advances and assaults, and you never knew whether some jerk might put something in your cocktail. She couldn’t believe that women still had to worry about such things; that they still got asked to fetch coffee; that she still heard talk about how hiring women or people of color entailed “lowering the bar”; that women still, often, felt silenced or attacked when expressing opinions online.
  • At one party, the founder of a start-up told Wu she’d need to spend “intimate time” with him to get in on his deal. An angel investor leading a different deal told her something similar. She became a master of warm, but firm, self-extrication.
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  • Wu is struck by “the countless times I’ve had to move a man’s hand from my thigh (or back or shoulder or hair or arm) during a meeting (or networking event or professional lunch or brainstorming session or pitch meeting) without seeming confrontational (or bitchy or rejecting or demanding or aggressive).” In a land of grand ideas and grander funding proposals, she found that the ability to neatly reject a man’s advances without injuring his ego is “a pretty important skill that I would bet most successful women in our industry have.”
  • a recent survey called “Elephant in the Valley” found that nearly all of the 200-plus senior women in tech who responded had experienced sexist interactions.
  • nly about a quarter of U.S. computing and mathematical jobs—a fraction that has actually fallen slightly over the past 15 years, even as women have made big strides in other fields. Women not only are hired in lower numbers than men are; they also leave tech at more than twice the rate men do.
  • Studies show that women who work in tech are interrupted in meetings more often than men. They are evaluated on their personality in a way that men are not. They are less likely to get funding from venture capitalists, who, studies also show, find pitches delivered by men—especially handsome men—more persuasive. And in a particularly cruel irony, women’s contributions to open-source software are accepted more often than men’s are, but only if their gender is unknown.
  • For women of color, the cumulative effect of these slights is compounded by a striking lack of racial diversity—and all that attends it
  • Three years in, Silicon Valley diversity conferences and training sessions abound; a cottage industry of consultants and software makers has sprung up to offer solutions. Some of those fixes have already started filtering out to workplaces beyond the tech world, because Silicon Valley is nothing if not evangelical.
  • The industry’s diversity numbers have barely budged, and many women say that while sexism has become somewhat less overt, it’s just as pernicious as ever.
  • When Silicon Valley was emerging, after World War II, software programming was considered rote and unglamorous, somewhat secretarial—and therefore suitable for women. The glittering future, it was thought, lay in hardware. But once software revealed its potential—and profitability—the guys flooded in and coding became a male realm.
  • The percentage of female computer- and information-science majors peaked in 1984, at about 37 percent. It has declined, more or less steadily, ever since. Today it stands at 18 percent.
  • “workplace conditions, a lack of access to key creative roles, and a sense of feeling stalled in one’s career” are the main reasons women leave. “Undermining behavior from managers” is a major factor.
  • gender bias is a big problem in start-ups, which are frequently run by brotherhoods of young men—in many cases friends or roommates—straight out of elite colleges. In 2014, for instance, Snapchat CEO Evan Spiegel was two years out of Stanford and already leading a $10 billion company when his frat-boy-at-his-misogynistic-worst undergraduate emails were published and went viral. In them, his only slightly younger self joked about shooting lasers at “fat girls,” described a Stanford dean as “dean-julie-show-us-your-tits,” and for good measure, saluted another fraternity because it had decided to “stop being gay.”
  • “I, and most women I know, have been a party to at least some sexist or discriminatory behavior in the workplace,” she wrote, explaining that she and many other women had witnessed things like “locker-room discussion during travel with colleagues,” which they tried to brush aside, since “any individual act seems silly to complain about.” The Pao trial, however, shifted her attitude.
  • Eighty-four percent of the respondents had been told they were too aggressive; 66 percent had felt excluded from key networking opportunities because of their gender; 90 percent had witnessed sexist behavior at conferences and company off-site meetings; 88 percent had had clients and colleagues direct questions to male peers that should have been addressed to them; and 60 percent had fended off unwanted sexual advances (in most cases from a superior). Of those women, one-third said they had feared for their personal safety.
  • many people there believe—despite evidence everywhere to the contrary—that tech is a meritocracy. Ironically enough, this very belief can perpetuate inequality. A 2010 study, “The Paradox of Meritocracy in Organizations,” found that in cultures that espouse meritocracy, managers may in fact “show greater bias in favor of men over equally performing women.”
  • telling participants that their company valued merit-based decisions only increased the likelihood of their giving higher bonuses to the men.
  • a 2015 study published in Science confirmed that computer science and certain other fields, including physics, math, and philosophy, fetishize “brilliance,” cultivating the idea that potential is inborn. The report concluded that these fields tend to be problematic for women, owing to a stubborn assumption that genius is a male trait.
  • “The more a field valued giftedness, the fewer the female PhDs,” the study found, pointing out that the same pattern held for African Americans. Because both groups still tend to be “stereotyped as lacking innate intellectual talent,”
  • At Google, the initial tally showed that just 17 percent of its technical employees were women. The female technical force was 10 percent at Twitter, 15 percent at Facebook, and 20 percent at Apple.
  • Lately, unconscious-bias training has emerged as a ubiquitous fix for Silicon Valley’s diversity deficit. It’s diversity training for the new millennium, in which people are made aware of their own hidden biases.
  • “That sort of discipline really, really resonated effectively with the hard scientists we have here.” Facebook put unconscious-bias training front and center in its diversity efforts, too; both companies have posted online videos of their training modules, to offer a model for other workplaces. Since then, talk of unconscious bias has spread through Silicon Valley like—well, like a virus.
  • Too many decisions are made on gut instinct, the training argues: A time-pressed hiring manager looks at a résumé and sees a certain fraternity or hobby, or a conventionally white or male name, and bang—thanks to the unconscious brain making shortcuts, that person gets an interview
  • “Virtually every company I know of is deploying unconscious-bias training,” says Telle Whitney of the Anita Borg Institute. “It’s a fast and feel-good kind of training that helps you feel like you’re making a difference.”
  • Unconscious-bias training may not work. Some think it could even backfire.
  • even just talking too much about gender inequities can serve to normalize them: When you say over and over that women come up against a glass ceiling, people begin to accept that, yes, women come up against a glass ceiling—and that’s just the way it is.
  • “You would think all things are equal,” she said, “but these backdoor conversations are happening in settings that women are not invited to. The whole boys’-club thing still applies.
  • Mike Eynon, wrote in a Medium post that bias training makes “us white guys feel better” and lets the “privileged realize everyone has bias and they aren’t at fault,” while nothing changes for discriminated groups.
  • if you can’t easily dispel bias, what you can do is engineer a set of structural changes that prevent people from acting on it.
  • the first 20 seconds often predict the outcome of a 20-minute interview.
  • The problem, he wrote, is that such quick impressions are meaningless. He added that Google strongly encourages interviewers to use a combination of skill assessments and standard questions rather than relying on subjective impressions.
  • It is, for example, a hallowed tradition that in job interviews, engineers are expected to stand up and code on whiteboards, a high-pressure situation that works to the disadvantage of those who feel out of place. Indeed, whiteboard sessions are rife with opportunities for biased judgment.
  • “Tying bonuses to diversity outcomes signals that diversity is something the company cares about and thinks is important,” she says. “Managers will take it seriously.”
Carri Bugbee

Segregated Valley: the ugly truth about Google and diversity in tech | Technology | The... - 0 views

  • Google’s workforce is, by its own accounting, 69% male and just 2% African American. Just 20% of technical jobs are held by women. Google may be unequivocal in its “belief” about diversity, but the figures make its shortcomings clear. The company tends to hire white and Asian men over women and other racial minorities.
  • ack of diversity in Silicon Valley is an old story. Eighteen years ago, civil rights leader Jesse Jackson first launched a campaign to encourage the region’s tech companies to hire black and Latino workers.
  • Google is the subject of an investigation by the US Department of Labor, which has accused the technology corporation of systematically discriminating against women (the company denies the charge.)
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  • the tech industry has lately been shaken by allegations that high-profile venture capitalists have abused their position to prey on female startup entrepreneurs.
  • Meanwhile, the representation of black, Latino, and female employees at top Silicon Valley technology firms remains so disproportionately low that a government report published last year described the problem with the same word that Jackson uses: “segregation”. For all its forward looking technologies, Silicon Valley is in many ways mired in the ugliest practices of the American past.
  • The DC area is a kind of mirror image to Silicon Valley when it comes to hiring African Americans. Overall, blacks make up 14.4% of the workforce nationwide and 7.4% of high-tech employment. In the DC metro area, which includes parts of Virginia, Maryland, and West Virginia, blacks hold 17.3% of the jobs in 12 computing occupations, according to government employment data. But cross over to the west coast, and in Silicon Valley African Americans hold just 2.7% of the jobs in the same categories. At premiere employers like Google and Facebook, black representation in technical jobs drops below 2%.
  • the fact that northern California’s workforce is heavily Latino (more than 20%) is not reflected in the area’s tech companies (about 6% Latino).
  • Where the DC tech industry grew in a symbiotic relationship with government, many of the pioneers of Silicon Valley were techno-libertarians, ideologically opposed to government regulation and oversight.
  • Tech leaders like McNealy and Cypress Industries CEO TJ Rodgers were openly hostile to the idea of consciously diverse hiring. Rodgers wrote an op-ed in the San Jose Mercury News in 1999 declaring that “the only sharecropper I know is my dad” and calling Jackson “a hustler who exploits white shame for his own financial and political ends”.
  • At the top 75 companies in Silicon Valley, only 3% of employees are black, according to the Equal Employment Opportunity Commission. Premier employers Facebook and Google have yet to crack 2% in technical jobs.
  • It’s not the fault of tech companies that the pipeline is overwhelmingly filled with white and Asian people, Silicon Valley’s defenders claim.
  • But there’s a problem with that argument: black students are earning computer science degrees at higher rates than they are being hired by Silicon Valley companies. In 2014, they received 9.7% of the bachelor degrees awarded in computer science, according to the National Science Foundation.
  • “How difficult do you think it would be to go to an engineering meeting and tell all these people who went to Cal, Stanford, and MIT that the person coming from the University of Texas El Paso or a community college can do their job as well as they can?” Miley asked. “You will not be able to convince them of that. They don’t want to believe that they’re not special.”
  • “Amongst the African American students that I engage with, I don’t hear many of them aspiring to work at Google.” he said. “They hear Silicon Valley and they think, ‘I’m not going to see people like me.’”
Carri Bugbee

What Sephora Knows About Women in Tech That Silicon Valley Doesn't - WSJ - 0 views

  • a majority of the cosmetics retailer’s technology workers—62%—are women. At a time when technology companies are struggling mightily to attract and retain women with computing and engineering skills, the beauty retailer’s tech staffing is notable not only for the numbers but also for the relatively simple way it got there. Women hold 23% of roles in the technical ranks at the top 75 Silicon Valley companies, according to the U.S. Equal Employment Opportunity Commission. A report from the commission attributes the scarcity of women in those roles to inhospitable work cultures, isolation, a “firefighting” work style, long hours and a lack of advancement.
  • At Sephora, women make up the majority of its 350-person digital and engineering staff and hold all but one of the roles on its six-person digital executive leadership team. Women lead everything from digital marketing and customer experience in apps to back-end programming of the company’s e-commerce systems. Though large tech companies employ several times as many engineers as Sephora, its share of female digital talent is worth noting. Managers say the retailer has managed to attract technical women by recruiting with an eye toward candidates’ potential rather than specific skills, encouraging hiring managers to take risks and ensuring that job performance is assessed fairly.
  • meetings were free-flowing and open. “Everyone spoke,” she says, “and felt comfortable offering opinions on anything from e-commerce to a shade of blush.”
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  • Ms. Melendez recalls one meeting about three years ago where she and other members of the digital-marketing team talked about spotting edgy fashion photos where models were using highlighter—a type of makeup that accentuates facial contours. In a matter of days, the team was working on a separate landing page for Sephora’s site to showcase the product. “It’s easier to forecast what’s coming and what’s going to be needed because the line is so fine between you as an employee and you as a client,” says Ms. Melendez, now digital-marketing director at Aquis Inc., a San Francisco-based beauty company.
  • Terre Layton, an engineer by training, had worked in Silicon Valley for nearly two decades, for small startups and large companies such as HP Inc. and Sun Microsystems Inc., before she joined Sephora in 2011. Recruited as a product manager to lead the retailer’s website redesign, Ms. Layton says she found being in the presence of so many women leaders empowering after years spent in male-dominated workplaces. When it came time to brainstorm ideas, or even articulate concerns about a project’s direction, bosses made a point of asking team members for their opinions, she says. “You knew you were being heard. You had a voice,” says Ms. Layton, who last worked for Sephora in 2015 and now advises early stage startups on product management and user experience.
  • Ms. Linnenbach, who served as Sephora’s interim vice president of talent for six months in 2014, says the company makes a point of moving high-performing women into digital and tech roles that round out their skills and experience. “They have that longer-range view of what would be better for the organization in terms of talent development,” Ms. Linnenbach says. “They are willing to put a person in a position where [the company is] willing to lose ground so this person gets exposure on the international side or experience with a P&L,” she says. A similar philosophy applies to staffing technology teams, where company recruiters encourage women to consider roles that might not fit precisely with their skills and experience.
  • “Even if a female candidate doesn’t have all the requirements for a technical job, we want that person to come in and show what they can do,” says Yvette Nichols, the company’s vice president of talent. Sephora’s approach represents a departure from the way many large technology companies, especially those in Silicon Valley, handle recruitment, says Jane Hamner, a veteran recruiter with Harvey Nash Group PLC, whose clients include Amazon.com Inc., Expedia Inc. and Uber Technologies Inc. “Most companies that we work with are looking at skills over all else,” she says. “They can be very picky about skill sets and go only for the top of the talent pool.”
Carri Bugbee

The Numbers of Women in Tech Rise and Fall, But Sexual Harassment is Ever Present - IEE... - 0 views

  • In a recent survey of startup founders, 78 percent of female founders said they’ve been sexually harassed or know someone else who has.
  • Women dominated computer programming in its early days because the field wasn’t seen as a career, just a something someone could do without a lot of training and would do for only a short period of time. Computer jobs had no room for advancement, so having women “retire” in their 20s was not seen as a bad thing. And since women, of course, could never supervise men, Hicks said, women who were good at computing ended up training the men who ended up as their managers.
  • But when it became clear that computers—and computer work—were important, women were suddenly pushed out of the field. “As the gender labor flip was occurring, a whole lot of talent was being shown the door,” Hicks said. “The young men being trained to do [computing] a lot of times don’t like it and don’t stay long—and why should they? They have career prospects in other areas, why go into the nascent field?”
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  • “It’s not about the skills, it’s about who’s doing the work. The work gets valued in different ways depending on who is doing it.” That’s why, Hicks pointed out, today software developers have a higher status and pay than people who do quality assurance and testing—jobs that require similar skills but “because of who usually does these jobs are valued differently in a way that is disproportionate to the content of the work.”
  • he fix for it doesn’t involve a better pipeline, she says, but changing things at the top. We have an opportunity to do that now, she says, because “tech is becoming more diffuse; the higher you go, the fewer tech skills you need.
Carri Bugbee

An age-old problem in youth-obsessed tech - Portland Business Journal - 0 views

  • A recent survey of some of Portland’s high-profile, fast-growing tech companies revealed an industry that is significantly younger than not only the general population workforce, but also Oregon’s tech industry as a whole.
Carri Bugbee

40 Online Resources All Women in Tech Careers Should Know About | PCMag.com - 0 views

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    48 percent of women in tech reported a marked lack of mentors and advisors.
Carri Bugbee

Why Are There Few Women in Tech? Watch a Recruiting Session | WIRED - 0 views

  • The chilling effect, according to Wynn, starts with the people companies send to staff recruiting sessions. As students entered, women were often setting up refreshments or raffles and doling out the swag in the back; the presenters were often men, and they rarely introduced the recruiters. If the company sent a female engineer, according to the paper, she often had no speaking role; alternatively, her role was to speak about the company’s culture, while her male peer tackled the tech challenges.
  • follow-up question-and-answer periods were often dominated by male students who commandeered the time, using it to show off their own deep technical know-how in a familiar one-upmanship. Rather than acting as a facilitator for these sessions, male presenters were often drawn into a competitive volley.
  • The paper also describes recruiters using gender stereotypes. One online gaming company showed a slide of a woman wearing a red, skin-tight dress and holding a burning poker card to represent its product. Another company, which makes software to help construct computer graphics, only showed pictures of men—astronauts, computer technicians, soldiers.
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  • presenters often made comments that disparaged women or depicted them as sexualized objects, rather than talented technical colleagues.
  • This type of informal banter occasionally devolved into overtly sexualized comments.
  • Wynn says she’s presented this research to recruiters and people within tech firms. “They’re astonished. They often just don’t know what’s going on in their recruiting sessions,”
Carri Bugbee

The Ways Tech Companies Alienate Women - The New York Times - 0 views

  • at least one small component of this problem is immediately solvable: Many companies are alienating the qualified women who want to work for them, and who they want to hire, during the interview process itself.
  • While Silicon Valley companies are enthusiastically putting money into STEM programs in schools and nonprofits focused on diversity, with the goal of creating a richer pipeline of talent in 10 years, they’re missing opportunities to make simple, immediate improvements by changing how they communicate with women who are sitting across the table from them now.
  • here’s how it usually goes in the introductory meeting: A well-meaning executive boasts that his company has been financially supporting a number of nonprofit coding organizations that aim to train female engineers. He tells us he’ll have a booth at the Grace Hopper conference, the largest annual gathering of women in tech. He complains about how hard it is to “move the needle” on diversity numbers, especially when a staff is in the thousands.
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  • what the executives don’t give as much thought to are some of the simplest determinants of how successful a company will be in hiring diverse candidates. Will women have any input in the hiring process? Will the interview panels be diverse? Will current female employees be available to speak to candidates about their experiences? Many times, the answer to each of these questions is no, and the resistance to make simple changes in these areas is striking.
  • We have to tell these companies to talk just as proudly about their parental-leave policies, child-care programs and breast-pumping rooms. At the very least, they need to communicate that their workplaces have cultures where women are valued. They need to show they’re not places where attitudes like that of the now-infamous Google engineer who wrote a memo questioning women’s fitness for tech jobs dominate.
  • executives balk at my suggestions and even wonder if explicitly talking about the place of women is sexist. But I remind them that when it comes to gender, they have to play catch-up, after long histories of eroding trust
  • Silicon Valley companies are in love with themselves and don’t understand why the love isn’t always returned by the few women to whom they extend employment offers.
  • I’m often asked which companies are getting diversity and inclusion right in Silicon Valley and across the country. Most aren’t.
Carri Bugbee

Latest Portland tech diversity survey shows mixed results - Portland Business Journal - 0 views

  • female-identified workers make up 41 percent of the workforce among survey participants, up from 38 percent in 2016
  • Minorities represent 20 percent of the workforce, up from 18 percent last year.
  • The number of LGBTQ employees held steady at 11 percent. The workforce for these companies also remains young with 52 percent younger than 35 years old and just 3 percent over the age of 55.
Carri Bugbee

It's Embarrassing How Few Black Female Founders Get Funded | WIRED - 0 views

  • Of the thousands of venture deals minted from 2012 to 2014, so few black women founders raised money that, statistically speaking, the number might as well be zero. (The exact number is 24 out of 10,238, or just 0.2 percent.) Of those few that have raised money, the average amount of funding its $36,000. That's compared to the typical startup, typically founded by a white male, that typically fails. These manage to raise an average of $1.3 million in venture funding.
  • This disparity comes even as black women today comprise the fastest-growing group of entrepreneurs in the US, with over 1.5 million businesses—a 322 percent increase since 1997. These businesses generate over $44 billion a year in revenue. Yet in the tech world, investors aren’t taking a risk on startups run by black women.
  • These stats comes from a new report, Project Diane, which calls black women founders "the real unicorns of tech."
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  • Only 11 startups led by Black women have raised more than $1 million in outside funding—and are typically funded by the same three investors. One of them, the angel investor Joanne Wilson, says it's true that she's made it a point to use her investments to back more women in the tech community. But she rejects the idea that this has anything to do with lowering her standards when scrutinizing a product. “I invest in people,” Wilson says. “But I think everyone invests in people, no matter what industry you’re in.”
Carri Bugbee

The Google affair bares Silicon Valley's trust deficit - 0 views

  • Male bias? That was not the Valley’s fault; women just would not knuckle down and get engineering degrees.
  • Moreover, Mr Damore’s outburst backfired, drawing attention not to his grievance but to his employer’s grievous lack of diversity. The company’s leadership is 75 per cent male. A mere 20 per cent of its engineering team — where most of the clout resides — are female. In an ongoing lawsuit, the Department of Labor claimed that “compensation disparities” are systemic across its workforce.
  • This year, Uber — one of the most highly valued private companies in Silicon Valley — lost 20 of its employees, a board member, and its chief executive officer after numerous scandals involving bullying, sexual harassment and even interference in investigation of a rape by a driver in India. In the computer games industry, the Gamergate campaign publicly targeted women with harassment, bullying and threats of rape.
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  • Around the world, the tech industry has failed to prove itself an open, exciting place for women to work, to be taken seriously and to advance.
  • The temptation of huge financial gains, and a quasi-religious faith in the hyper-capitalism of Ayn Rand, has brought in a new, macho generation with no time for any principle beyond self-interest.
  • A frat boy culture of bullying and exclusivity is accompanied by aggressive attempts to avoid tax. The sector is secretive in its attempts to hoard and capitalise on the private data of its customers. It balks at legitimate government attempts at accountability and restraint.
  • All this calls into question the legitimacy of the industry and its new role as one of the most powerful movers in the global economy, and in wider society.
  • When commentators routinely compare Silicon Valley today with the arrogance, isolation and destructive might of Wall Street before the crash 10 years ago this week, it is time to start thinking about reputation — and what might ensue when the glamorous superficial allure of these tech giants wears off.
Carri Bugbee

Google Employee Memo: Read YouTube CEO Susan Wojcicki's Response | Fortune.com - 0 views

  • “Mom, is it true that there are biological reasons why there are fewer women in tech and leadership?”That question, whether it’s been asked outright, whispered quietly, or simply lingered in the back of someone’s mind, has weighed heavily on me throughout my career in technology.
  • Time and again, I’ve faced the slights that come with that question. I’ve had my abilities and commitment to my job questioned. I’ve been left out of key industry events and social gatherings. I’ve had meetings with external leaders where they primarily addressed the more junior male colleagues. I’ve had my comments frequently interrupted and my ideas ignored until they were rephrased by men.
  • I thought about the women at Google who are now facing a very public discussion about their abilities, sparked by one of their own co-workers. I thought about the women throughout the tech field who are already dealing with the implicit biases that haunt our industry (which I’ve written about before), now confronting them explicitly. I thought about how the gender gap persists in tech despite declining in other STEM fields, how hard we’ve been working as an industry to reverse that trend, and how this was yet another discouraging signal to young women who aspire to study computer science.
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  • Google obviously stands by the right that employees have to voice, publish or tweet their opinions. But while people may have a right to express their beliefs in public, that does not mean companies cannot take action when women are subjected to comments that perpetuate negative stereotypes about them based on their gender
Carri Bugbee

Sexism in Silicon Valley is holding women founders back - 0 views

  • A small but growing number of women are forming women-only investment networks, or raising starter capital in other ways.
  • With venture capital's big money bro-culture behavior coming to light, there’s a new fear, mingled with the relief: That, in reaction, male financiers will avoid women founders altogether. There’s talk of some men following the "Mike Pence rule," referring to the vice president's comment years ago that he does not eat alone with any women other than his wife. 
  • Lisa Curtis, founder and CEO of food start-up Kuli Kuli, says she has already heard of investors canceling meetings with female founders and she's worried. "I think that's the wrong reaction," Curtis says. 
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  • Even as women — and women of color — scale corporate ranks, the number of female investing partners at venture capital firms is shrinking. In 1999, 10% of the partners were women. By 2014, it was 6%.
  • Last year male entrepreneurs received $58.2 billion in venture capital. Women received $1.5 billion, or just 2.5%, according to PitchBook.
  • companies with at least one female founder performed 63% better than the all-male founder teams.
  • Melinda Epler, founder and CEO of Change Catalyst, a group that promotes diversity in the tech industry, says she scrapped her plans to open an accelerator for women-led companies shortly after meeting with a potential investor and diversity ally at a coffee shop. 
  • Research shows that women seeking funding are asked very different questions than men (about risks versus prospects) and are held to higher standards (judged on what they have already achieved versus what they have the potential to achieve), both of which affect how much, if any, capital they receive. A study in Sweden found that venture capitalists describe male entrepreneurs as "young and promising" and female entrepreneurs as "young and inexperienced." 
  • If they are pitching a product targeted at women, female founders frequently get told: "I'll check with my wife." 
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