Today the Asian Venture Capital Journal published an article on women in private equity and venture capital entitled, “Minority Report.” Among the things the article points out are that about 9% of those working in the venture capital and private equity fields are women and that figure is basically the same in the U.S., Europe and Asia. Nice to know that if you are going to be discriminated against, the discrimination will be distributed equally worldwide! Lots of good stuff in this article, including some of my usual politically incorrect quotes. To read the article from the AVCJ, click HERE
Interestingly, there was another article this week in the Wall Street Journal blog that reported on a study of women and angel investing. In an academic study of 183 angel investing groups, it was found that women are far less risk-averse as investors than the stereotype suggests. In fact, angel groups with a larger percentage of women investors made more and larger investment bets than those that had few women. I am not sure whether this means that a larger number of women means the risk tolerance overall rises or whether this means that women feel safety in numbers. In other words, when there are few women they don’t make their voices heard, but when there are a large number they are willing to band together to get make their point.
No surprise to me that women would wield great influence on the way money is utilized in an angel group, as men punt most of the money decisions to women at home every day. Men may “wear the pants” in the family, but women generally wear the checkbooks.