A referendum on Sunday, if approved, would make Swiss companies liable for human rights violations and environmental damage by their subsidiaries abroad.
Coinbase, the most valuable U.S. cryptocurrency company, has faced many internal complaints about discriminatory treatment.
Erika James recently took over the Wharton School at the University of Pennsylvania. Already, she is enmeshed in debates about race, politics and the role of business in society.
Small enterprises that support homeless people, orphans and refugees are seeing their ads pulled as part of the social media platform’s ban on political advertising.
Since President Trump took office, corporate America has been thrust into the culture wars like never before. The atmosphere would probably be different with a Biden administration.
In its short life span, it was one of the fastest growing groups in Facebook’s history and a hub for those trying to delegitimize the election.
A move by senators suggests a new priority: moving corporate America away from a focus on shareholders.
Coinbase, Expensify, Soylent, Clubhouse and others are embroiled in a culture war over politics and the workplace.
The latest change underlined how rapidly social media platforms are shifting their positions in the days leading up to the election.
A presidential executive order banning the “malign ideology” of racial sensitivity training has rippled through government into academia and corporate America.
The social network, which prohibits misinformation related to the coronavirus, has also banned other types of content in recent days.
Robert Putnam’s “The Upswing” looks at how America has shifted from common purpose to individualism, to the greater detriment.
Mark Zuckerberg, Facebook’s chief executive, once cited Holocaust denial as something he would allow on the social network for free speech reasons.
JPMorgan Chase and other big banks should use their lending power to force cuts in greenhouse gas emissions.
The online review company said that it would raise flags when there was “resounding evidence” and that it would link to articles detailing racist reports.
Political ads will be banned indefinitely after polls close on Nov. 3 and the company plans new steps to limit misinformation about the results.
Out if its first fund raised in 2018, the firm has backed 29 companies. They include Five, which is building software for autonomous vehicles; Paddle, SaaS for software e-commerce; Pollen, a peer-to-peer marketplace for experiences and travel; and Farewill, which lets users create a will online.
However, what sets Kindred apart from most other seed VCs is its “equitable venture” model that sees the founders it backs get carry in the fund, effectively becoming co-owners of Kindred. Once the VC’s LPs have their investment returned, along with the firm’s partners, the portfolio founders share any subsequent fund profits.
To learn more about Kindred’s investment focus going forward and how its equitable venture model works in practice, I caught up with partners Leila Rastegar Zegna and Chrys Chrysanthou. We also discussed closing deals remotely and how the VC approaches diversity and inclusion.
TechCrunch: Kindred Capital backs seed-stage startups across Europe and in Israel. Can you elaborate a bit more on the fund’s remit, such as sector or specific technologies, and what you look for in founders and startups at such an early stage?
Rastegar Zegna: As a fund, we are very focused on the founder(s), so everything starts there. We try to drill down and get to know them as people and leaders, first and foremost. Do they have what it takes to get the company off the ground, the resilience to get through the inevitable ups and downs of startup life and through the scaling years to make this a massive outcome for the team and the investors?
The second element we spend time thinking about is the market itself and how big the company can grow within the constraints of that market. We also think deeply about the timing of the business, especially if they are trying to create a new market, such as in quantum computing, for example.
Chrysanthou: It’s also worth mentioning that many investors talk about product-market fit, but we are also great believers in founder-market fit. In other words, a founder who might be successful in one market, might well fail in another, as different skills are required and even different personality types might be better suited. One way we assess this is to look for deep insights they have to the problem they’re trying to solve and how they think about their market.
After that, we are fairly sector-agnostic, which is why we have such a diverse portfolio, ranging from consumer products through to deep science.
How has the coronavirus pandemic and resulting lockdowns and social distancing affected the way you source and close deals?
Rastegar Zegna: Initially, we moved everything to video calls, like pretty much everyone else in the industry. Upon reflection, however, we realized that we were just using a new tool (e.g. Zoom) but in the old way — meaning, any meeting we used to have at Kindred HQ, we just transitioned onto Zoom. The interesting transition we’re going through now is to create a new way of working around the tool. That means for some meetings, Zoom will be the most effective medium of communication. For others it may be an audio call, and for a third category of discussion, a walking meeting in the park may be what’s called for. But the opportunity is to throw out the playbook written by inertia and generally accepted industry working norms, and create a first principles approach to the way in which we do business to optimize for the best outcome.
Future decisions by a very conservative majority could give corporations even more weight and workers less.
On social media, people had some concerns about the Ring Always Home Cam. To put it mildly.
The pandemic and the movement for racial justice have tested corporate pledges to elevate social concerns alongside shareholder interests. A new study finds companies are failing to follow through.
The social network tried cracking down on the spread of the conspiracy theory and other extremist material. But QAnon groups are still flourishing on the site.
Fifty years after Milton Friedman blessed corporate greed, liberals are still trying to rebut his arguments. They’re fighting the wrong battle.
Four fashion insiders debate the questions swirling around shows, clothes and race.
Milton Friedman’s libertarian economics influenced presidents and inspired “greed is good.” So what did Friedman get right — and wrong? Today’s business leaders and economists weigh in.
The economist taught a generation of corporate leaders that profit should be their main motive. A new group of C.E.O.s begs to differ.
There are still many ways that voter misinformation can spread on the social network, even as it moves to cut off new political ads on Oct. 27.
The social network said it would block new political ads in late October, among other measures, to reduce misinformation and interference.
Impact investments are outperforming traditional bets in the coronavirus crisis, which may be a turning point for wealthy investors looking to generate change.
Employees of the radio station said they were shocked to see a colleague known as Paddy Duke in a new HBO documentary about the racist murder of a Brooklyn teenager in 1989.
Fans of the pro-Trump conspiracy theory are clogging anti-trafficking hotlines, infiltrating Facebook groups and raising false fears about child exploitation.
An accusation involving migrant labor in Puglia leads to self-examination and, perhaps, new awareness of the treatment of agricultural workers.
The F.C.C. approved the company’s 3,236-satellite constellation, which aims to provide high-speed internet service around the world.
Even though coronavirus cases have surged again, craft distilleries say the business of making the disinfectant has become more difficult.
BlackRock, the world’s largest asset management company, is opposing a debt settlement deal with Argentina as the country grapples with soaring poverty and the pandemic.
Social media companies took down the video within hours. But by then, it had already been viewed tens of millions of times.
Employees past and present are challenging management, saying the company’s ethical image was an illusion.
As the world expects more of corporations, it is untenable to support social and environmental causes while giving money, even indirectly, to candidates who oppose them.
Robin DiAngelo’s best seller is giving white Americans a new way to talk about race. Do those conversations actually serve the cause of equality?
Only a small number of large companies have tied executive compensation to goals for hiring and promotion of workers from underrepresented groups.
The social network has been under intense pressure for allowing misinformation and hate speech to spread on its site.
Mark Zuckerberg and Sheryl Sandberg, Facebook’s top executives, engaged in “spin” during a meeting over hate speech, civil rights groups said.
The internet is changing, and the freewheeling, anything-goes culture of social media is being replaced by something more accountable.
The influential pro-Trump community broke the rules on harassment and targeting, said Reddit, which also banned other groups.
The false theory targeting Democrats, now fueled by QAnon and teenagers on TikTok, is entangling new targets like Justin Bieber.
Posts about voting will direct viewers to accurate information, and violations from important political figures will be marked “newsworthy.”
This is not the time to obsess about symbolism.
Workers have been left behind as the U.S. economy expanded and CEO salaries skyrocketed over the last four decades.
The concerns among employees have generated an unusual degree of turmoil inside the tech giant.
What started as a renewed push for police reform has now touched seemingly every aspect of American life.
The policy had been the subject of a racial discrimination lawsuit that was dropped last year, but the practice had come under renewed scrutiny.