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What minority founders must consider before entering the venture-backed startup ecosystem

By lucidcapitalism | September 12, 2021

(Techcrunch) Funding for Black entrepreneurs in the U.S. hit nearly $1.8 billion in the first half of 2021 — a fourfold increase from the previous year. But most venture-backed startups are “still overwhelmingly white, male, Ivy-League-educated and based in Silicon Valley,” according to a study conducted by RateMyInvestor and Diversity VC. Read more here.

Vice Media Union to Top Execs: Severance Terms for Laid Off Staffers Are “Unconscionable”

By lucidcapitalism | September 11, 2021

(The Hollywood Reporter) The Vice Media union’s labor management committee has requested the company improve its “unconscionable” severance terms for the 17 staffers at Vice Digital and Refinery29 who were laid off in late August. In a letter sent to top executives, including Vice CEO Nancy Dubuc, this week, the committee demanded that the media…

Climate Bonds Initiative calls for SLB issuers to have Paris-aligned targets

By lucidcapitalism | September 10, 2021

(Responsible Investor) Investors should require companies issuing sustainability-linked bonds to have Paris-aligned targets, according to the Climate Bonds Initiative (CBI). In a discussion paper exploring credible climate transition strategies, the influential non-profit identified five ‘hallmarks.’ Read more here.

Reimagining Investment: Human Rights in Venture Capital

By lucidcapitalism | September 9, 2021

(BSR) The increasingly widespread media coverage of surveillance and spyware technologies used to track ethnic and racial minorities and immigrants and surveil journalists, human rights activists, and other prominent figures has put a spotlight on the role of private equity firms, including venture capital (VC) investors, in financing human rights abuses in the United States…

For Allbirds, Warby Parker, Other Fall IPOs, Greed Is Out. Do-Gooding Is In.

By lucidcapitalism | September 8, 2021

(WSJ) Forget Gordon Gekko. The hottest companies launching IPOs are branding themselves as do-gooders. A new generation of companies, including startups such as Rent the Runway Inc., Chobani LLC, Warby Parker Inc. and Allbirds Inc., are on tap to go public this fall, people familiar with the matter say. They will be doing it with…

What is DEI Doing for the Formerly Incarcerated?

By lucidcapitalism | September 6, 2021

(HBR) A 2018 estimate of unemployment among the five million formerly incarcerated people living in the U.S. found that they are “unemployed at a rate of over 27% — higher than the total U.S. unemployment rate during any historical period, including the Great Depression.”  In this article, author LeRon L. Barton poses the question: What role…

Vice Media faces uncertain future after SPAC talks fall through

By Cecilia Young | September 1, 2021

(New York Post) The once bright star of Vice Media could now face a darkening future after talks to go public through a special acquisition company fell through. Read more here.

It’s Time for Engineering to Be Equity-Centered

By lucidcapitalism | August 30, 2021

(Inside Higher Ed) In technical fields, we often pride ourselves on our objectivity — as though the work exists outside ourselves. In engineering, we have historically believed that we could make technologies that work for anyone, regardless of the identity of the engineer or the user. We have believed that technological progress was inherently making…

SEC Chair Gary Gensler Wants To Know How Companies Are Treating Workers

By Cecilia Young | August 30, 2021

(Forbes) Regulators are homing in on the most important intangible assets: people. Intangible assets – skilled workers, brands, client relationships, organizational processes, and client relationships – generate most corporate growth and represent 90% of the market value of the S&P500. Since people are not capitalized on the balance sheet and are instead deemed as an…

Big Four accounting firms rush to join the ESG bandwagon

By Cecilia Young | August 29, 2021

(Financial Times) The sustainability boom has moved trillions of dollars into environmental, social and governance funds and brought a new stakeholder-led agenda to corporate boardrooms. Now the Big Four accounting firms are jumping on a bandwagon that offers two tempting opportunities: an expansion of what companies must account for, and a chance to rebrand a…