How Diverse Are Entrepreneurs in the US? [Infographic]

December 21, 2016

10:30 am

It’s no secret that tech has a bit of a diversity problem. Whether it’s a lack of women at Facebook or the absence minorities at Apple, the problem is well-documented in the tech community. Companies have done their best to make diversity a priority, but there appears to be no easy fix when it comes to making the tech world a more inclusive place.

The most infuriating aspect of this unfortunate issue is that diversity is good for business. Not only have numbers shown that having minority and women employees improves productivity, but the simple fact is that the world is not made up of exclusively white men. Having a natural path to different demographics is an obvious advantage of diversifying your company that people seem to be plainly ignoring.

Fortunately, Lance Surety Bonds created an infographic that gives us a better idea of the diversity present in the entrepreneurial ecosystem. While men still hold the edge on the amount of businesses started in the US, women are steadily gaining on them, making up just over 40 percent of those endeavors. To make matters even better, African American women are the fastest growing entrepreneurial group among women in the US today.

Other notable statistics from this data is that Latino entrepreneurs have doubled in the last twenty years, now accounting for 20 percent of the businesses launched today, while African American entrepreneurs come in at only 8.9 percent.

There is still work to be done, that much is clear. But based on this data, it would appear that we are at least taking steps in the right direction when it comes to the inclusion of everyone in the entrepreneurial landscape. And all I can say is, it’s about time.

H / T Entrepreneur

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Conor is a writer, comedian and world-renowned sweetheart. As the Senior Writer at Tech.Co, he’s written about everything from Kickstarter campaigns and budding startups to tech titans and innovative technologies. His background in stand-up comedy made him the perfect person to host Startup Night at SXSW and the Funding Q&A at Innovate! and Celebrate, posing questions to notable tech minds from around the world. In his spare time, he thinks about how to properly pronounce the word "colloquially." Conor is the Senior Writer at Tech.Co. You can email him at conor@tech.co.

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