Women Biz Founders Rising, But Slowly
Where are the Starbucks, Nikes, Amazons, Home Depots and Genentechs founded by women?
This is a question that puzzles those who track fast-growing companies. Few fledgling businesses founded by men or women ever grow into giant corporations, but with women launching twice as many businesses as men, some meaningful percentage of the new giants might be expected to have a woman as keystone.
That women are conspicuously missing is somewhat counter-intuitive to the glass ceiling argument. Only 43 women have climbed the traditional ladder to become CEOs of Fortune 1000 companies in the last 35 years, and fresh research from executive women’s organization Catalyst suggests that the pipeline is not exactly filling up with future candidates. Such a track record might have caused the best, brightest and most ambitious executive women some years ago to tire of limited opportunities and set out to control their destinies and report to no man.
The obvious explanation is that companies take decades to grow into giants, and women need more time. But an examination of the up-and-coming billon-dollar companies indicates that women founders remain so rare that there may not be enough in the pipeline to replace founders of the past, such as Jenny Craig, Debbi Fields (Mrs. Fields Famous Brands), Estée Lauder, Ruth Fertel (Ruth’s Chris Steak House) and Mary Kay Ash.
David Thomson, a former McKinsey & Co. consultant and author of Blueprint to a Billion: 7 Essentials to Achieve Exponential Growth, identifies the next generation of big companies, and it puzzles him that women founders are all but non-existent when conditions for women have never been better.
Fast-growing companies today are more likely to resemble Apple than General Motors, with success more dependent on ideas than on capital. There’s no reason why Facebook billionaire Zuckerberg, 23, isn’t Mary instead of Mark.
Read more.
Photo by Tim A. Parker.
curt on May 2nd, 2008 7:38 pm
Nothing really meaningful and powerful could have developed almost overnight. After long, dark centuries of repression, women are slowly adapting to their new more free roles in society. Still, there are many obstacles for women on their way up the society/business/career ladder.
I am very sure, they are going to take leading position in the near future, simply because they are much more punctual, hardworking and compassionate, passionate, etc.
p.s.
Just as a reminder: the oldest (2000 years), the biggest (1.1 billion) and the most powerful intellectual and financial institution still doesn’t recognize women’s equality.
Melanie D. on May 2nd, 2008 10:07 pm
“I am very sure, they are going to take leading position in the near future, simply because they are much more punctual, hardworking and compassionate, passionate, etc.”
Nice to hear this coming from a man. Women have to make unusual efforts to succeed. If one woman fails, you won’t hear “she doesn’t have what it takes to succeed.” Instead, you will hear, “Women don’t have what it takes to succeed.”
h51h on May 3rd, 2008 4:50 am
It is so cute!
Helen on May 3rd, 2008 9:45 am
I never knew that the founder of Nike is a woman. Why didn’t i know that? I suddenly feel empowered.
Rich on May 4th, 2008 1:04 pm
Helen, the founder of Nike was not a woman, it was Bill Bowerman and Philip Knight.
The author of the post was wondering where women founders, similar to the companies named, were.
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