Silicon Valley is churning out new paper millionaires. Nearly all are men

“Carta, an equity management platform, crunched data from more than 300,000 employees at 10,000-plus companies, and found 4 in 5 paper millionaires are men” writes Candy Cheng for Carta last year for the first time identified an “equity gap,” finding women in Silicon Valley held 47 cents of equity for every dollar of equity men held.Women make up more than a third of all employees but hold only 20% of equity wealth, the study finds.Early employees often get better stock options than those who join later, and younger companies tend to have smaller proportions of women.

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