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When a startup’s founders are pretty much its board

TechCrunch

First, the startup’s board — despite its long list of investors — consists of only the three co-founders who are stepping down and one independent director, Peter Ackerson, a general partner at Fin Capital who himself became a VC just three years ago. Welcome to The Interchange ! Silver linings.). This is not a common thing.

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Taking stock of the VC industry’s progress on diversity, equity and inclusion

TechCrunch

In 2016, we set out to develop a rigorous methodology for tracking progress on diversity, equity and inclusion (DEI) in venture capital, and to measure and benchmark those data through our biennial VC Human Capital Survey. The good news is the industry is working to improve itself. Intentionality associated with improved diversity.

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How public markets can help address venture capital’s limitations

TechCrunch

British venture capital firm Draper Esprit recently moved its listing from the AIM to the main board in London, the LSE. It can foist artificial time constraints on investors and force them to focus their deal flow into particular stages for fund-construction reasons. But the model is not perfect. and not in the U.S. The future?

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How to Manage a Board

Y Combinator

One of the most common questions we hear from founders is “How do I manage my board?” It’s something that provokes anxiety, because this is the first time the founder/CEO is subject to external supervision, and the board has powers that include the firing of the CEO and the senior management. But first, what’s the purpose of a board?

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6 African women CEOs discuss how they raised more than $1M in 2021

TechCrunch

But according to data from PitchBook, less than 2% of VC funding went to all-women-founded teams in 2021. It’s identical to what’s happening in Africa: Less than 1% of all VC dollars went toward startups with one or more women founders last year, according to The Big Deal , which details investments in Africa.

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The Hard Thing About a Hard City: Why I Support Kathryn Garcia for Mayor of NYC

This is going to be BIG.

Kathryn Garcia wants to be Mayor of New York City. No, I mean, she actually wants to do the job. It’s not a platform for her to promote any experiments. It’s not something she’s doing because that’s the next logical step in a political ladder. It’s not an interesting career change for someone who made it rich doing something else.

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