The metaverse is expected to transform the future of work, customer experience, and even everyday life. But when it comes to leadership, it turns out the metaverse is suffering from the same gender parity issues that have long plagued the business world.
This is similar to the gap existing at Fortune 500 companies, and start-ups, where just 17% of venture capital dollars go to women-led companies, according to a McKinsey report released on Monday.
“We saw a shortfall, not in terms of women participating in the metaverse, but in having leadership roles that shape what this looks like in the next 5-10 years,” Lareina Yee, a senior partner at McKinsey in the Bay Area office, and a co-author of the report, told me.
Regarding organizations that are members of Open Metaverse Alliance for Web3 and Metaverse Standards Forum, responsible for shaping operating standards for the metaverse, 8%, and 9%, respectively, are led by female CEOs. This is similar to the about 9% of Fortune 500 companies that are currently led by women, Yee says.