Venture-backed companies lack women

According to the most recent research by Library House, a UK-based venture capital data provider, companies run by women outperform those run by men. The research shows that the average company run by a woman had annual revenues of €12.5m compared to just €11m for those run by men. Furthermore, this was achieved using an average of just €9m of committed capital compared to over €14m in those companies run by men. Despite this success 95% of CEOs in venture-backed companies are men. More surprisingly, in 2006 and even higher percentage (97%) of newly appointed CEOs were men. Doug Richard, chairman of Library House criticised the Government’s policies aimed at breaking down barriers for women in the workplace saying that these policies “are clearly not delivering results”. But women are.