The past year has been a turning point for female founders, with Sara Blakely from Spanx, Whitney Wolfe Herd of dating app company Bumble, and Anne Wojcicki of genetics startup 23andMe crossing a rare threshold: female founders and CEOs who have sold or taken their company public—and achieved billionaire status in the process.
Venture capitalist Allison Long Pettine believes that the same problems that keep women out of the C-Suite are also preventing women from raising their fair share of startup funding in Silicon Valley. Here she suggests three ways that leaders can support women on their way to the C-suite, by helping them overcome some of the major obstacles they face.
“All of those people were people who were retained at Facebook for more than 10 years, which is unusual in a corporate context. I don’t see us as not retaining. I see us as we have long retention, and the experience of being at Facebook gives people the opportunity to do so many other things. I think it’s really cool that two of those three left to become CEO of something.”