Serial entrepreneur and management guru Steve Blank recently told Observer at an entrepreneur event at Columbia University that Silicon Valley startups now collectively have more money than large corporations. In fact, many of them—tech companies, pretty much—have grown to such massive scales that they shouldn’t be categorized as startups any more, he said.
That perhaps explains why gender inequality in the tech industry is an increasingly tough problem to tackle. As the male-dominant industry gains more capital, so grows its leaders’ power.
When asked about gender diversity in venture capital, Blank suggested that New York might be a good place for women founders to find a better chance.
“The gender and racial diversity in New York is so much better than in Silicon Valley,” he told Observer.
One reason for New York’s relatively heathy gender balance, Blank said, is the city’s deep root in diverse industries, in contrast to Silicon Valley’s tech-centric scene.
“New York has a such a vibrant mix of art, media, fashion and restaurants. It’s really different than Silicon Valley,” he said.
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