WHO IS GOVERNING AI COMPANIES? FOR NEARLY HALF OF AI STARTUPS IN CALIFORNIA, THE ANSWER IS ONLY MEN

Summary from the TLDR Founders newsletter

A study of 140 AI companies in California revealed that women occupy only 15% of board seats in private AI startups, and 43% of these companies have no women on their boards. The lack of gender diversity stems from structural biases favoring executives and investors, areas where women are underrepresented, and behavioral biases that prioritize familiar candidates over diverse talent. The study suggests that appointing independent directors and expanding search networks can help improve board diversity.