6 ms·
Correlation != causation, and even if the correlation reveals something, with no explanatory theory, we are still at step one. This essay was based on these tw
by T2_t2 11y ago
Correlation != causation, and even if the correlation reveals something, with no explanatory theory, we are still at step one.
This essay was based on these two lines from here: http://10years.firstround.com/#one http://10years.firstround.com/#one
> That’s why were so excited to learn that our investments in companies with at least one female founder were meaningfully outperforming our investments in all-male teams. Indeed, companies with a female founder performed 63% better than our investments with all-male founding teams
The comparison is not clear, but is not women versus men, but between companies with X number of males plus at least one female founder, versus those with zero female founders and Y male founders.
If we skip a step and take this fact as having some predictive value, it could be lots of things, including off-the-top-of-my-head:
1. Bias against women - which extends to teams that include men, e.g. the bias against woman exists in the presence of male co-founders.
2. That the personality traits shared by groups where women co-found startups with men are positively correlated with success. It is quite possible that these groups have much better EQ, while still retaining the IQ to impress the required amount to be selected.
3. That startups with at least one female select, and I am using this term in a very stereotyped way, "not-white-male" startups. Many Unicorn startups, from Atlasssian to Dropbox, specialise in problems faced by, again for wont of a better term, "white males". Given the mantra of solving problems we have ourselves, it is possible that mixed groups choose less male subjects. As men have been the founders of the majority of startups to date, there must be a plethora of such startup ideas left untouched. One example is DIAJENG LESTARI who started https://hijup.com/ https://hijup.com/, described as "A pioneering Muslim Fashion store. We sell fashion apparel especially for Muslim women ranging from clothing, hijab/headscarf, accessories, and more." Little to no chance the archetypal "white male hacker founder" has that idea.
That's three ideas off the bat, only one of which is bias. It could still be bias, but I feel that points 2 & 3 are at least good candidates for exploration. Personally, I think there must be a lot of low hanging fruit in ideas not aimed at men, and female founders seem ideally poised to have those ideas.