This is cross-posted at Geek Feminism.
There is a common idea that women are underrepresented in tech startups because we are “nurturing and not risk-taking enough by nature”, an idea often proposed and upvoted in Hacker News discussions. Roy F. Baumeister, Professor of Psychology, also argues something similar in his defense of Lawrence Summers’ hypothesis that fewer women than men have high innate ability in science. Professor Baumeister argues that men evolved to take risks, and women evolved to play it safe, because we are allegedly descendants of risk-taking men and risk-averse women.
However, there are a few problems with this explanation of why women are underrepresented among tech entrepreneurs. One problem is that top venture capitalist John Doerr consciously and deliberately invests in tech startups run by white men over women and racial minorities, and even encourages other VCs to follow his lead. Even more, it is understood that this is “the way the venture-capital industry operates”. While other industries call this “stereotyping” or “profiling”, VCs call it “pattern recognition”. In other words, there is systemic discrimination in the tech industry based on gender, as well as race and age.
Another problem with the hypothesis of female risk-aversion is that outside of the tech industry, women have been launching new businesses at twice the rate of men for three decades:
The phenomenal growth of women-owned businesses has made headlines for three decades—women consistently have been launching new enterprises at twice the rate of men, and their growth rates of employment and revenue have outpaced the economy.