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Gender Diversity in Web3 Founding Teams underrepresented.

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On March 6, according to a new report by BCGX, Boston Consulting Group (BCG) and People of Crypto, only 13% of Web3 founding teams include women. In the founde…

Gender Diversity in Web3 Founding Teams underrepresented.

On March 6, according to a new report by BCGX, Boston Consulting Group (BCG) and People of Crypto, only 13% of Web3 founding teams include women. In the founder’s data, only 7% are women. The report also found that Web3 start-ups founded by men raised almost four times as much money as those founded by women, a gap greater than other start-ups.

Data: The proportion of women in the founding team of Web3 is only 13%

Interpretation of the news:


The recent report from BCGX in collaboration with People of Crypto has highlighted a significant gender gap in the Web3 start-up industry. The report suggests that only 13% of founding teams in the Web3 industry are inclusive of women. Moreover, a mere 7% of founders are women. This finding indicates that diversity and inclusion are failing to take hold in an industry that is otherwise tumultuous and disruptive.

The Web3 industry is emerging as a new frontier for finance and technology, with Blockchain technology as its core building block. The industry has seen a massive influx of venture capital, attracting investors from across the world. The report suggests that there is a visible bias in the financing landscape of such ventures, favoring the male gender. The report found that start-ups founded by men raised four times as much money as those founded by women. This disparity is higher than other start-up industries, implying that the Web3 sector is less welcoming and inclusive to women.

The findings from the report point to pervasive gender-based biases, plaguing an industry with a great potential for bringing a paradigm shift to finance and technology. The industry should take up the responsibility of addressing such disparities to build an inclusive and diverse industry. This report should not only drive introspection among the industry players, but it should also encourage them to proactively promote and fund gender-friendly initiatives.

The Web3 industry has the potential to break down the barriers and introduce greater financial inclusion into the world economy. However, for the industry to unlock its full potential, it needs to embrace gender diversity as a critical enabler of innovation. Equity, diversity, and Inclusion need to be prioritized to truly leverage the full potential of individuals from all genders.

In conclusion, women must have equal opportunities to lead and invest in the Web3 industry. Gender diversity must be integrated with core values for building resilient and inclusive future-ready ecosystems. The industry players cannot afford to ignore the importance of fostering an inclusive and diverse industry. Only then can the Web3 industry live up to its full potential and be a bridge that connects more individuals to benefits brought about by the Fourth Industrial Revolution.

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