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The State of Black Venture Report

By lucidcapitalism | February 9, 2022

(Medium) The world is changing. Venture capital is struggling to keep up. The best venture capital investors anticipate emerging trends, seize opportunities in untapped markets, and invest in the people who are inventing the future. But there’s a gaping hole in the current venture ecosystem’s investment strategy: a persistent lack of diversity. According to The…

Dear White Enviros: You can’t fight climate change without communities of color

By lucidcapitalism | February 8, 2022

(The Hill) In the summer of 2020, amid America’s national reckoning with its white supremacism and systemic racism, lovers of nature and conservation began to ask questions about how our national parks and other public lands fit into this reckoning.   They took a closer look at beautiful, nationally prized landscapes, like the Grand Canyon and…

Woman- and POC-owned VC and private equity firms have hit an all-time high—but they still raise just a sliver of overall funding

By lucidcapitalism | February 7, 2022

(Fortune) JoAnn Price is used to busting venture capital stereotypes.  As an influential Black woman running 28-year-old Fairview Capital Partners—a pioneer of diversity-focused investing—that’s been her whole career. Back in the 1990s, she entered an industry that almost never backs or hires people who look like her. And while things are beginning to change—as a…

Private equity may be getting more sustainable

By lucidcapitalism | February 4, 2022

(Axios) Private equity is one of the world’s largest carbon emitters, by virtue of its outsized role in the global economy. That also means it has the opportunity to lead on carbon emissions reduction, and there are indications that the industry is moving in that direction. Driving the news: Carlyle Group this week committed to…

Outgoing ethical AI researcher describes ‘the rot’ inside Google

By lucidcapitalism | February 2, 2022

(Protocol) In her resignation letter Wednesday, Google ethical AI researcher Alex Hanna accused the company of having deep “rot” in its internal culture, “maintain[ing] white supremacy behind the veneer of race-neutrality” and being a workplace where those with “little interest in mitigating the worst harms” of its products are promoted at “lightning speed.” “I am…

The Ethical Tech Project Launches With Privacy Advisory Board

By lucidcapitalism | February 2, 2022

(Business Wire) Today, The Ethical Tech Project, a multidisciplinary coalition that builds standards for an ethical internet with privacy at its core, announced the launch of its Privacy Advisory Board. In response to growing concerns about the ways in which Big Tech manages user data and privacy, the Board will outline the privacy steps every…

Climate targets oversight group under scrutiny over its own governance

By lucidcapitalism | February 1, 2022

(The Financial Times) The independent oversight group that has become the arbiter of corporate climate action is reviewing its own governance practices, after coming under pressure as companies rush to develop net zero emission plans. The Science Based Targets initiative has fast become one of the most influential and trusted advisers on climate change to…

A “techlash” is coming this year

By lucidcapitalism | January 30, 2022

(GZERO) After years of uninhibited expansion into nearly all corners of modern life, consumer internet companies could this year face meaningful action to curb their activities from governments around the world. From Delhi to Dublin, Beijing to Brussels, and Washington to Warsaw, there is real momentum behind unprecedented legislation and stepped-up regulatory enforcement against big…

Calif. Senate passes bill requiring large companies to report Scope 3 emissions

By Cecilia Young | January 27, 2022

(S&P Global) Corporations with more than $1 billion in annual revenue would be required to disclose all scopes of their greenhouse gas emissions to the California Secretary of State’s office under a first-of-its-kind bill the state Senate passed Jan. 26. The Climate Corporate Accountability Act now goes to the lower legislative chamber, known in California…

Latino Founders Have a Hard Time Raising Money From VCs

By lucidcapitalism | January 26, 2022

(Wired) A few years ago, Rocío van Nierop visited the tech accelerator Y Combinator. Nierop is the cofounder and executive director of the advocacy group Latinas in Tech. As she walked through the building, she passed by photo after photo of the teams that Y Combinator had funded. Nierop noticed they were all white men.…