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Successful startups have more women in senior positions than unsuccessful ones, according to a new analysis by Dow Jones VentureSource of more than 20,000 venture-backed companies in the U.S. between 1997 and 2011. They had more than twice as many women in top jobs like C-level managers, vice presidents, and board members than their unsuccessful counterparts did.

Companies that went public, were acquired, or turned profitable were defined as “successful.” “Unsuccessful” included both failed companies and “not-yet-successful” startups still operating that may eventually go public or get acquired. At successful companies, the median share of female executives was 7.1 percent, compared with 3.1 percent at unsuccessful firms.

Bloomberg

More Tech Services Stats

Unlike many other industries, if a software company grows at only 20%, it has a 92% chance of ceasing to exist within a few years

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

Achieving a SaaS Quick Ratio of 4 is a good benchmark for young, high-growth companies but the equation changes as those companies reach scale

The median SaaS business loses about 10% of its revenue to churn each year and that works out to about 0.83% revenue churn a month

SAAS companies need to track the number of visitors, trials and closed deals; And also track the conversion rates, with the goal of improving those over time

If you are charging $500 per month, you can afford to spend up to 12x that amount (i.e. $6,000) on acquiring a new customer

In 2017, Foxconn Technology Group achieved a net income of 135.37 billion New Taiwanese dollars, the equivalent to approximately 4.55 billion U.S. dollars.

Since churn is so important, wouldn’t it be useful if we could predict in advance which customers were most likely to churn?

SAAS companies with >$250K median ACV book nearly 25% of their contracts at 3 years or longer

In 2017, IBM generated 37.8 billion U.S. dollars in global IT services revenue, making it the largest IT services company in the world in terms of net sales

More Culture Stats

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

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

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

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

63 percent of the time, women receive lower salary offers than men for the same job at the same company

Google only has a 30 percent female workforce

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

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