While some acknowledge that legislation can lead to progress, it doesn’t always address the root cause of lack of gender diversity in company leadership and on boards.

This year, Silicon Valley Bank researchers found that 63% of startups have no women on their board of directors, and 47% have no women in leadership positions at all. These are not great statistics, and research shows that female-founded companies generate more revenue than startups that only have men on their founding teams.

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