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tv   Shift  Deutsche Welle  March 8, 2020 3:15pm-3:30pm CET

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of the new corona virus the quarantine affects much of northern italy and includes the cities of milan and venice cinemas theaters and museums nationwide are closed. you're watching news from berlin the stay tuned for shift to living in the digital age omarion evan steam from me and the entire news team thanks for watching. what secrets lie behind these walls. discover new adventures in the 360 degree. and explore fascinating world heritage sites. t.w. world heritage 360 get kidnapped now. go to use crime fighters are back africa's most successful in radio drama series continues this season the stories focus on hate speech cholera prevention and sustainable production all of
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his those are available online and of course you can share and discuss on africa's facebook page and other social media platforms. crime fighters tune in no. female tech entrepreneurs have a hard time finding investments as do female entrepreneurs in general in 2018 for example only 2 percent of all u.s. venture capital went to startups run by women why is that and how can we change it i would topic today on shift. jennifer morgan is cosi all of the german tech company as a p sheryl sandberg has operations at facebook and soon as of a disk it manages you to 3 female. exceptions in an industry dominated by men too
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bad especially considering that programming used to be seen as a typical job for women in the u.s. in the forty's they played a big role in pioneering digital technology but today far less women work in tech only 14 percent of tech startups worldwide were created by women they found less developed less and because of that their creativity goes on used for the market do women face bigger challenges here's what these leaders have to say. if money is different we need more female role models come to think of it there's hardly any successful female entrepreneurs that i can look up to it's like in all areas of life. he is asking him even without a role model or someone to live up to it's just hard for young people to find their way come and just as you have and it's easy for them to get discouraged and up and so. on the 1st meeting with let's say investors or big c.e.o.'s
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of companies they don't take you seriously so you're like they're like oh you're cute seared this email found that trying to do something that you're not being taken seriously because i'm a woman i'm not i'm not feeling that i'm the boss i was saying that we are. and i cannot do anything without my team. that's not the only reason female decision makers are vital for the tech industry they are also an onside resource as consumers did you know that women drive some 70 percent of all consumer purchasing at more often than not they are the ones who decide which technology to buy for their households and families so companies want to create successful tech products should look more to their female target audience and that works best when women are made part of the development process. it's easy. startups with
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a balanced ratio of men and women are more effective and efficient teams reach decisions faster meetings don't drag on as long and products are aimed at a broader target group that's especially important in the tech world where men are mostly considered the prime consumers. hiring more women it also pays off financially startups with a large share of female staff are often more successful for investors that means more return. startups run by men generate $0.31 return for every day. invested well female let's start ups generated more than double that according to studies in the us. the numbers show that women create far more sustainable startups. and their failure rates are lower. i hope these numbers get out to the wider public and we can put this whole thing behind us. stats show that tech companies tend to be especially successful with females in key decision making
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roles so why do may have taken from those 10 to capture capital more easily than women. and business woman matara things many investors still the age old prejudice there is probably unconscious bias in their decision making most of the times the capital givers are men and they feel that male founders are more competent many female founders find themselves confronted with an equated stereotypes. to often the investors they face still believe that men are better leaders that they're more likely to be more successful and that men generate better business ideas. it's not superman just are better salespersons and can present themselves better than women women are often way to humble but that's not all margaret thinks another reason why women have such a disadvantage in the tech industry lies in our past take as much as
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a topic for women as it is for men but i think that has to do maybe it with upbringing and how we were educated still technical topics i'm more of a male domain than a female domain. the result women have to fight harder for venture capital for their startups and they granted this take made us take deals in 2800 for example main run startups. the client billions in investments while female run startups. didn't get a fraction of that what causes such a big investment get. the better ideas researchers found that women are treated differently even when they pitch. studies show when pitching their new ideas to investors prospective female founders are often treated differently than their male counterparts gender stereotypes are partly to blame for that behavioral
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scientists don accounts can demonstrate this simply based on the questions investors ask for. research shows investors ask male entrepreneurs more questions on how they plan to grow their startup they're curious about things like the prospects of their business idea how they plan to generate more revenue or what their long term vision is. female entrepreneurs on the other hand are expected to explain how they plan to avoid failure they need to show how much they know about their competitors how they plan to protect themselves from risk or how high their costs are but not only male venture capitalists displayed bias in their line of questioning. i expected female of these cities to be eve similarly to male b.c.'s meaning that male b.c.'s would favor male entrepreneurs with promotion questions and female vcs would do the same for female entrepreneurs but instead
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all v.c.s. display the same implicit gender bias the sort of questions asked had a huge impact on how much money v.c.s. opted to invest in new startups if any at all. those startups who are asked for jonathan promotion cautions went on to raise 7 times as much funding. when pitching their ideas to investors. recommends that female entrepreneurs don't allow questioning to corner in the defensive when asked about potential risk. respond with positive arguments emphasize possible growth not how to avoid loss so it is a lot harder for female phone us to acquire capital the good news is that lots of networks now aimed at supporting women in tech but coaching know how and resources they held women get their ideas off the ground. mark to rock used to work in
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finance and witness discrimination against women firsthand that's why she created the international women in sustainable finance network. we want to break the glass ceiling that obviously exists in the financial world it's a chance club has always been and we wanted to create a safe a frame for women to get together within the financial worlds women in sustainable finance brings together women currently founding or running businesses an initiative by women for women full of discussion rounds and lectures. but not all male colleagues are supportive one the feedback was from my male colleagues said oh this is just a chit chat group it's just women meeting and drinking coffee. to avoid more comments like that in the future and to encourage more women to start their own tech businesses martha rock thinks society should fundamentally revisit the way it sees women. but of course the os successful female tech found us one of them as far
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from senegal she program to very 1st website when she was just 16 and since then she has led various tech companies in 2016 forbes into one of africa's most promising young entrepreneurs but she too has experienced gender discrimination. it's a come to printer it has occurred so many times that you have to do is this portions of this must be asked so tonight are you single i'm going to make them believe you know better than you on the long run and that is very actually talks. but fun to match up bob rose to the top anyway she founded and now leads jango a social tech incubator that invests in and supports african startups africa has plenty of startup hobson but not enough jobs by 2050 an estimated $20000000.00 new jobs will be needed every year for men and women. the mother actually also
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making it on the agenda case of course it's a good reason enough to try to be fair and balanced but are you actually want to make it a business case because we're actually missing probably hundreds of billions of dollars of g.d.p. . because we are lacking actually entrepreneurs something facts are much about herself proved that investing in female run startups can be very lucrative she helped start and run the regional branches of junior and african e-commerce platform in cote d'ivoire and nigeria. jr is considered the african equivalent to amazon and is active in 14 different countries more than 80000 companies sell their products on this platform it's a huge success and given africa's projected population growth many more such innovative business ideas will be needed to create enough jobs but many young
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entrepreneurs flax seed capital to get the ball rolling africa itself is suffering from a very strong competitor. you have so many private equity guys you have 7 institutions and by punching fans but you don't have enough venture capital so i'm looking in direct competition not only milling to better all those acts in the room. contest it's really something critical. that's why she hopes. can also get global investors to support africa's startup scene. and to back more female entrepreneurs. are the true story. so do we. latest figures show things are slowly improving for women in the tech industry it seems that women's networks and related projects are starting to pay off in so many obstacles remain i think that companies most
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benefit a lot from more diversity in the workforce and how do we get there as long as we haunted with the cliché that men have better business ideas when a female quota helps whether you think that is not for example here and i want to let a woman have the last word with a message to all you potential female leaders out there see you soon bye bye. my 1st of this they're. my 2nd davis go for it and the 30th this persistence and stamina this is watching needs in order to be successful. after. every saturday at 12
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