Vast Majority of Paper Millionaires in Silicon Valley Are Men
New study shows only 19% of employees who own $1 million or more in equity are women.
Photographer: Choreograph/iStockphoto via Getty Images
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With companies like Uber Technologies, Inc., Slack Technologies Inc., and Pinterest Inc. going public this year, the question has been: How many millionaires will Silicon Valley mint? What’s not being asked is how much of that new wealth will go to women.
The answer, according to a new study released Monday, is: not much. Carta, an equity management platform, crunched data from over 300,000 employees at more than 10,000 companies, and found four out of five paper millionaires are men.