Statistic Info

Silicon Valley may be the world’s leading hotbed of innovation and genius, but it struggles with diversity and unconscious bias. Culture wars at shareholders’ meetings and recent lawsuits against tech titans such as Google and YouTube over its lack of diverse hiring practices highlight the festering problem. Left untreated, this may be the Achilles’ heel that topples the technology industry’s supremacy as an entrepreneurial center of excellence. That’s because having a diverse workforce is a competitive advantage that drives productivity and profits as companies sell their products and services to a broad population.

Lack of diversity in Silicon Valley is an old story. Nineteen years ago civil rights leader Jesse Jackson first launched a campaign to encourage the region’s tech companies to hire black and Latino workers. At the time, he was accused of “terrorism” by Scott McNealy, the co-founder of early Silicon Valley giant Sun Microsystems.

Tech leaders may have changed their tune in the intervening decades — all the top CEOs today loudly proclaim a commitment to “diversity and inclusion” — but in other ways not much has changed in almost two decades. A study released in May by the National Urban League sparked criticism of the tech industry. It revealed that at companies like Uber, Twitter, Google and Facebook, fewer than 3 percent of tech workers identify as black.

CNBC

More Tech Services Stats

In all SaaS businesses there will likely come a moment where they realize that not all customers are created equal

As companies scale their growth engines, a slightly-above-average churn rate becomes harder and harder to offset with net new revenue growth, especially when the goal is to outpace it by 4x

Between the SMB and Enterprise customer types, the top-quartile performers not only have net-revenue churn that is 14% to 23% percentage less than the average performers but also have net-revenue churn that is negative in an absolute sense

A 2017 SaaS Capital survey showed that young companies actually have higher retention rates than more mature SaaS businesses

The very best SaaS businesses have a negative revenue churn rate and will have a Revenue Retention Rate of greater than 100%

For SaaS companies valued at over $1billion, the median amount of financing raised is $206million

The best SAAS businesses have a LTV to CAC ratio that is higher than 3, sometimes as high as 7 or 8

53% of marketers say “no” to projects never or just a few times a year, while another 26% simply don’t have the authority to say “no” at all

Growth rate accelerates in the expansion stage ($2.5M – $10M ARR)

Non-renewal rates are higher than gross dollar churn rates and higher for shorter duration contracts

More Culture Stats

Women-led companies have historically performed three times better than those with male CEOs

Women in western countries use the internet 17 percent more than their male counterparts

Google only has a 30 percent female workforce

The venture-backed companies that were acquired most often had a 7 percent share of female execs, as opposed to 3 percent at unsuccessful (unacquired) firms

A University of Texas study showed that women ask for $7,000 less than their male counterparts in job interviews

in 2016, women-led companies received $1.46 billion in investments from venture capitalists. Male-led companies, on the other hand, received $58.2 billion

At Facebook, 15 percent of tech roles are staffed by women

It’s been reported that women who work in computer and mathematical fields earn 80 cents to the dollar that men earn doing the same job

The boom in the industry is creating more jobs for techies. Data reveals there were 627,000 unfilled positions in tech in April 2017

At Twitter, 10 percent of tech roles are staffed by women