Vast majority of paper millionaires in Silicon Valley are men

As WeWork prepared to go public, Kempa, who says she was the 17th employee, said she wasn’t offered options at all. — Reuters

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.