Women Empowerment in Business
Women’s inequality has always been an issue in the world. It affects many things, like societal expectations and job opportunities. For example, in the U.S., it wasn’t until 1920 that women had the right to vote in elections. Here are some statistics on the need for more women in the business world.
There are many disparities when it comes to women in business. In history, there have only been around 20 publicly traded (on stock exchanges) companies founded by a woman as well as have a female CEO. In 2020, out of around 480 IPOs in total in America, only about 4 of them were by female founders and CEOs. Most of the companies were taken to public by male founders and CEOs.
Why Corporate Women Empowerment is Trending:
One of the most trending topics right now is the online dating app Bumble. It was founded in 2014 by Whitney Wolfe Herd, an American entrepreneur. She recently took her company public, making a large wave in the corporate world. Bumble is similar to Tinder, but focuses more on women empowerment and safety.
Bumble went public on February 11, 2021. This event has many firsts. Whitney Wolfe Herd, at 31 years old, is the youngest woman in history to take a private company public. And Bumble’s board also consists of 73% females.
Female board members are not very common, and a board with a majority of women is even rarer. Despite this, everyone can help close this large gap and help more women rise up.
You shouldn’t be limited to anything, such as societal expectations. It’s a great time to make history, and change the tide. So good luck, and be a Teen Trillionaire no matter who you are!
Written by Allie Chang