Earlier this month, prominent start-up seed funder Y Combinator hosted its first “Female Founders Conference” in the heart of Silicon Valley. Given that the tech industry is notorious for lacking female representation, it was declared that 2014 is a “tipping point for female founders” of start-up companies, a “very promising trend.”
"Because YC invests so early and is so focused on funding outliers, we tend to see trends first. So when we see that 25% of start-ups in the current Y Combinator batch have female founders, I’m certain something is going on here," said YC co-founder and partner Jessica Livingston at the conference. In a blog post about the conference, YC posted this chart (top above) to highlight their progress in narrowing the gender imbalance.
At first glance, it appears that YC is making significant strides in closing the gender gap and funding more start-ups with female founders. But notice the Y axis only goes up to 30%. That’s small change.