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Closing the Equity Gap - Creating Wealth and Fostering Justice in Startup Investing (Hardcover)
Loot Price: R569
Discovery Miles 5 690
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Closing the Equity Gap - Creating Wealth and Fostering Justice in Startup Investing (Hardcover)
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Loot Price R569
Discovery Miles 5 690
Expected to ship within 12 - 17 working days
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An entrepreneur and a social activist remake the future of
investing and business, offering a groundbreaking "win-win" roadmap
for creating wealth and addressing inequalities by investing in
groundbreaking tech companies that defy assumptions from Silicon
Valley to Wall Street. Companies backed by venture capital drive
the U.S. economy, accounting for hundreds of billions of dollars in
sales and profits. The problem is that most of the wealth created
winds up enriching elites while the businesses funded by venture
capitalists widen economic inequality. Committed to doing things
differently, tech venture capitalists Freada Kapor Klein and Mitch
Kapor launched Kapor Capital to prove that investing in gap-closing
startups-companies whose services or products close opportunity
gaps for both communities of color and low-income communities-is
good business. Over the past decade, they've broadened the
definition of success to include profits and accountability for the
impacts a business has on employees, communities, and the planet,
helping to launch close to 200 companies engaged in achieving
social and economic justice while showing remarkable growth, with
many valued in the hundreds of millions or billions of dollars.
Like every VC firm, they have experienced high-profile blowups and
total losses. But Kapor Capital's investing principles have created
a stunning new ecosystem of Black and Latinx entrepreneurs, CEOs,
and investors, all devising innovative, effective solutions to
address the most pernicious problems afflicting many of America's
poorest communities. In Closing the Equity Gap, Freada and Mitch
share their core beliefs that all companies must make a positive
impact, and that the obstacles entrepreneurs overcome in life are a
far better predictor of long-term success than the schools they
attend or investment dollars raised from friends and family. Using
stories behind some of the most remarkable companies ever launched,
they show that the standard investment model doesn't work, how it
can be fixed, and what the future could look like if more investors
joined them.
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