freada kapor klein
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Earlier this week, we kicked off our Extra Crunch Live series with an interesting chat with Cowboy’s Aileen Lee and Ted Wang. Today, we will be back at 3 p.m. PST/6 p.m. EST/10 p.m. GMT with a new guest: Charles Hudson, the general partner of Precursor Ventures.
Extra Crunch members will find an AddEvent link below to drop the details directly into their calendar and folks who want to participate directly can hit up the Zoom link (also below). We’ll ask as many audience questions as we can, so please make them sharp — no pitches, please.
Charles Hudson founded Precursor Ventures to invest in pre-seed and seed-stage companies. Earlier this year, the firm filed paperwork to put together a $40 million third fund after previously raising two main funds and one $10 million “opportunity” fund.
As we await hard and accurate numbers on how COVID-19 is impacting fundraising, we’ll ask Hudson to walk us through the changes he has seen and will cover some basics: The best way to pitch him, what his to-do list looks like these days and if the pandemic has made Precursor newly bullish or bearish on certain sectors.
Then, we’ll get much nerdier: Will we see the number of party rounds fall further now that it’s harder to gather investors in real life? Do you think we’ll see pre-seed raises ask for more ownership terms? And what is the latest with the wacky world of early-stage valuations?
There’s a lot to talk about. And we haven’t even mentioned YC’s pro rata change yet.
After Hudson, we have a stacked lineup of Extra Crunch live guests, including Mitch and Freada Kapor, Mark Cuban, Roelof Botha and Kirsten Green, with more to be announced soon.
You can find information below with details for joining today’s discussion, as well as an AddEvent link to put the details directly onto your calendar.
Sign up for Extra Crunch to get access to all these episodes where you can view the talks live, participate in the Q&A with industry leaders and watch later on-demand if you can’t make the live timing. You can also see the chat via YouTube below. Talk soon!
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You’d be hard-pressed to find a tech company that said it wished it had waited longer to implement on diversity and inclusion efforts. The examples of tech companies “doing it right” in this industry are few and far between, but that doesn’t mean it’s not worth trying. And for those that want to try, there’s a clear playbook to follow.
Where tech companies seem to go wrong is around implementing one-off initiatives such as unconscious bias training, employee resource groups or hiring a head of diversity and inclusion. Alone, these initiatives are not effective. But implementing those together, along with other initiatives, can create lasting change inside tech companies.
More than 10 years ago, Freada Kapor Klein, co-founder of Kapor Capital and the Kapor Center for Social Impact, published her groundbreaking book, “Giving Notice,” about the hidden biases people face in the workplace. In it, Kapor Klein laid out five key strategies as part of a comprehensive approach to addressing inclusion within tech companies. In order for it to be effective, companies must implement every single initiative.
This approach, which is applicable to this day, entails instituting policies practices and principles; implementing formal and informal problem-solving procedures; devising customized training based on organizational needs; ask more specific questions on employee surveys and break down data demographically; and ensure accountability from the top.
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Freada and Mitch Kapor broke rank with typical investor silence in the face of scandals at their portfolio companies by publicly criticizing Uber in February, saying it was “toxic” and had “a culture plagued by disrespect, exclusionary cliques, lack of diversity, and tolerance for bullying and harassment of every form.” But today, the couple who invested in Uber starting… Read More
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