The shortage of female entrepreneurs and executives has long been lamented by business and academic leaders. As Harvard researcher Vivek Wadhwa told BusinessWeek in February 2010, there has never been a female Wall Street CEO. According to Dun & Bradstreet data from 2004 (the most recent available), only 19% of the 237,843 firms founded that year were primarily owned by women – including only 3% of tech firms.
Ultimately, Wadhwa contends, the relative lack of female tech entrepreneurs reflects a “societal failure.” But others, like Illuminate Ventures CEO Cindy Padnos, hold that female-led tech firms earn higher revenues using less capital. Today, Grasshopper examines several female entrepreneurs who will, as Padnos predicts, “lead the next wave of growth in global technology ventures.”
Caterina Fake

Caterina Fake is best known for co-founding online photo sharing giant Flickr in 2004. Fake started the company with the help of then-husband Stewart Butterfield and the free service rose to popularity in a breathtakingly short time. By March 2005, Flickr was acquired by Yahoo! for a reported $35 million price tag.
Flickr made important contributions to the “Web 2.0″ revolution both before and after the acquisition, including social networking, photo tagging, community open APIs and photographic algorithms.
