Instead, it seems that our industry is falling into the same tried-and-tired tale of gender imbalance. This is deeply saddening, since blockchain burst onto the scene with promises of rewriting power structures. Ecosystem support mattersįrom top to bottom, the lack of crypto VC diversity is stark and remains a contributing factor to the low amount of funding that women founders receive. Greater diversity among team members is proven to result in higher innovation and creativity, two elements that are often the difference between investing early in the next big thing or not. It’s worth mentioning that more diverse funding boards are in the best interest of crypto VC. For example, if altruistic founders and investors only agree to partner with funds that count at least one woman partner, then perhaps change will come about sooner than later. Certainly, one way to get their attention is by impacting the bottom line. Venture capital funds, meanwhile, require incentives to change. ![]() Revealing this insight empowers socially responsible investors to back companies that align with their worldview. The app – founded by two young women – explains how each company makes money, how they champion diversity in the workplace, and their environmental impact on the world so customers can buy stock in companies they believe in. For example, Alinea helps crypto buyers take a look under the hood to meet the people behind the project. It’s heartening to see some efforts already heading in this direction. From crypto investors to fund decision-makers, there needs to be a push from all sides to fight for inclusivity. Crypto needs to vote with its wallet and reward funds and projects with gender diversity. In addition to education, the ecosystem needs to put its money where its mouth is. With more women in the industry, we are likely to see more women thrive in crypto funding. The group counts more than 20,000 members on Discord and hosts regular events for members to learn and grow in the space. For example, BFF is a decentralized organization with a mission to help women and non-binary people get educated, connected and financially rewarded in crypto. This should start with the ecosystem offering education programs, workshops and opportunities for women to invest and start their careers in web3. ![]() Going forward, blockchain as a whole must ensure that more diverse players are taking part. The knock-on effect of this is that there are even fewer women with the right know-how and networks to fund crypto. ![]() As a result, our still-blossoming industry is heavily skewed to one side when it comes to those generating new ideas and founding startups. In blockchain, again mirroring tech, there are far fewer women coders or programmers. Speaking from that experience, I can tell you that one way to bring more women into funding and founding is to add more of us to the crypto funnel. I am part of the less than one in ten women who have a seat at the funding table. It’s a sad reality that this overwhelming male to female ratio translates to those who fund crypto projects: venture capital. Worse still, all of the companies also count at least one fellow male founder. This amounts to a little more than 4% of all founders. A recent analysis of founders of the world’s leading crypto companies discovered that of the 121 listed founders, only five were female. Learn More Bring more women into funding and foundingĬryptocurrency, much like tech in general, is a male-dominated sector.
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