Fortune‘s latest cover story, “The Age of Unicorns,” details the rise in the number of tech companies that are valued at $1 billion or more. The once-rare designation—hence the mythical name—is now shared by more than 80 startups.
The Unicorn Club remains exclusive. The Decacorn Club, with valuations of $10 billion or more, even more so. But the most exclusive one of all?
Unicorns led by women.
Just four companies on Fortune‘s Unicorn List have female CEOs—about five percent of the total. A handful more have female co-founders on their leadership teams. Many entrepreneurs and venture capitalists have acknowledged a rise in the number of female-founded startups.
So why aren’t more unicorns led by women?
Aileen Lee, the venture capitalist who made the term famous, has some thoughts. She says that the shift in the number of women-led unicorns hasn’t been “as…
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