Do Women Make Better Bosses?
Shark Tank's Kevin O'Leary Ponders on Women Entrepreneurs
Shark Tank’s Kevin O’Leary has invested his money in 27 companies that have pitched the judges on the hit TV show. Recently he decided to analyze how they were all performing and he came to a surprise discovery.
“All the cash in the last two quarters is coming from companies run by women,” O’Leary says. ""I don't have a single company run by a man right now that's outperformed the ones run by women."
Of the companies he has invested in, 55% were run by women. One female CEO gave him her take on why. “If you want something done, give it to a busy mom,” she told him.
“It kind of makes sense, right?” says O’Leary. “These are mid range companies so multitasking could be very important. When you’re doing venture investing like I am its start-up to mid-level. They’ve got to work their tails off. They’ve got to work like hell.”
Apart from the fact that they have female bosses the companies had next to nothing in common – different businesses, different geographic areas. O’Leary insists it is coincidence that his portfolio was evenly split between females and males. “I just looked at deals. I never looked at gender. I have no bias. I want to make money. I’m trying to find the path of least resistance with the best people I can find.”