Unless you live under a rock, you know that gender inequality in the business world is a problem. Statistics abound. Women only make 79 cents for every dollar men make (AAUW). 17% of corporate board seats are held by women (The Washington Post). Only 5% of Fortune 500 companies have a female CEO (Washington Post). FIVE PERCENT.
The picture isn’t much rosier in the entrepreneurship field. While women launched 41% of new businesses on average for the last two decades, that number is falling. In 2014, women started less than 37% of the new businesses in the United States. In the tech world, female founders are practically mythical creatures: in Silicon Valley, only 3% of technology companies are started by women.
Sara Herald is the Associate Director for Social Entrepreneurship and adjunct faculty member at the University of Maryland's Robert H. Smith School of Business. Through courses and extracurricular programs, she works with students, faculty, and other stakeholders to promote the economic potential and social impact of triple-bottom-line businesses. She joined Smith in July 2013 after several years as a strategy consultant for social enterprises and technology start-ups as Director of the U.S. office for StepOne Ventures in San Francisco, CA. Her work there focused on helping clients synthesize value propositions, explore new business models, and successfully navigate cross-cultural issues. Prior to obtaining her MBA at Smith in 2011, Sara was the Program Coordinator for CIEE’s Teach in Spain program in Seville, Spain. Sara also holds a BA in Spanish and English from Georgetown University.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx