Startups: Women Twice As Likely To Start Companies In New York Than Silicon Valley

Another win for Silicon Alley. Women are twice as likely to start new companies in New York than they are in Silicon Valley, America's largest startup hub, according to new research.

The findings come courtesy of Startup Genome, a research project launched by three entrepreneurs, in conjunction with Stanford and Berkeley, that aims to map, model and analyze what makes new businesses successful. Its latest report dissects crowdsourced information from more than 3,200 new companies around the globe.

A preview of the report, to be released in June, found that 20 percent of startup founders in New York are women. That is twice the percentage of female entrepreneurship in Silicon Valley, where 10 percent of founders are women.

The finding could be related, in part, to general demographics, BetaBeat noted. In New York City, 52.5 percent of the population are women, while in San Francisco, women account for 49.3 percent of residents, in San Mateo county, 50.8 percent are female and Santa Clara county has 49.8 percent women, according to 2010 Census Bureau.

The latest Startup Genome report retrieved data from roughly 300 companies in Silicon Valley and 150 companies in New York, Max Marmer, one of its authors, said.

Silicon Valley and New York ranked as the two largest startup markets in the world, the report found, though Silicon Valley's market is now three times that of New York. London, the third largest startup market in the world, had roughly the same gender makeup as Silicon Valley, with around 10 percent of founders reporting that they are women.

Comments

[Proud Bay Man]

11:50 PM on 04/16/2012

Wow, this page has been up for three days and hasn't moved past one page of comments. There's some data for ya.

[robmclaughjr]

10:49 PM on 04/15/2012

This is a question of concentration of wealth. Where do the millionaires live?

[norepublicanleftbehind]

05:46 PM on 04/15/2012

That was supposed to be : Does not change it.

[norepublicanleftbehind]

05:46 PM on 04/15/2012

Whining or noticing it does change it. Men are taught to risk takers women have traditionally not been taught or encouraged to risk takers. Men help each other women compete against each other. This is changing and there are some great organizations like Women 2.0.

Nothing changes if women ourselves do not risk. The responsibility is not on men or their encouragement of us. It is an inside job regardless of the outside factors.

[John Crane]

12:15 PM on 04/15/2012

OK, so let women start tech companies in New York. That way you can stop whining about women not being moguls in high tech, and New York can become the next Silicon Valley.

It's a win-win situation. Just leave the rest of us who don't care out of it.

[pestyposter]

03:58 AM on 04/15/2012

This study means nothing. Silicon Valley start ups are primarily tech-related (where the number of men employees already outweigh the number of women ones) whereas New York City has so many different industries.

[theveggiedude]

11:36 PM on 04/14/2012

It makes sense to put a woman in as a founder. I used to work for a startup and one of the three founders was a woman, so it qualified as 'minority' status and had a specific tax break and I suspect other goodies as well.

[h jablome]

05:03 PM on 04/14/2012

a more realistic question would be: women have done start-ups? really? ......phu-leez.........

[norepublicanleftbehind]

05:49 PM on 04/15/2012

Women 2.0- if you're really interested.

[h jablome]

10:50 PM on 04/16/2012

well done.

[norepublicanleftbehind]

02:49 PM on 04/14/2012

Well, it comes with the territory. Just try not to make time for other people's prejudice and move forward.

[Proud Bay Man]

11:13 PM on 04/13/2012

Unfortunately, the world is hostile to women. Sadly, it will not be erased in ours or our children's lives.

[h jablome]

05:08 PM on 04/14/2012

as the assent of women in the admission at Berkeley and stanford shows, that tired ol' canard is not really true here in the cali, my friend. now saudi arabia, the palo alto of the islamic world, maybe its a different story.

[TJ Chambers]

04:38 PM on 04/13/2012

Now is the time to start a business. The internet has changed the business world forever. Millionaires are being made like never before. To bad a million doesn't buy as much but there is so much opportunity.

Go with your imaginations and don't limit yourself with your words or thoughts. Be creative and now is the time!