So Ries decided to do the impossible and challenge NYSE and Nasdaq, naming his venture, fittingly (if clunkily), the Long-Term Stock Exchange. He has been building—actually building—software tools for tasks such as cap-table management and head-count planning, governance systems in close coordination with SEC regulators, and relationships with a rising generation of startup founders. In order to list on LTSE, companies will have to agree to a set of principles-based standards, an evolution of the principles underpinning B Corp certification. … [Read more...] about If entrepreneurs and VCs want to build, we first need to rebuild financial markets
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The term ‘financial independence’ simply means that you have sufficient savings to live your life as you please. To some, it simply means retirement from work at the age of 58 and spending time with their families. For a few others, it is about pursuing their passions, without having to worry about the money. So, it can be time spent with NGOs or chasing a hobby, or even converting a hobby to a profession. Still others may want to continue working, but on their own terms. … [Read more...] about How much money do you really need to be financially independent?
Participatory grant-making. Grantees decide who gets the money. Ideally, grantees are closest to the problems at hand and know most intimately what’s needed to effectively solve them. When such decisions are left to people already sitting at the table, their implicit and learned biases often perpetuate the very problems we’re trying to fix. Trust-based philanthropy. We stop making grantees jump through lots of hoops and begin actually trusting them with money. Transparency. Simple. Invest in greater transparency inside our organizations. Everyone involved in the philanthropic process should know where money goes, and how. Scout programs. This idea doesn’t come from the world of philanthropy—it’s a product of Silicon Valley—but there is much about it that’s transferable. In the tech world, VC firms ask founders in their portfolio to help them find new promising people to invest in. The best of these programs are explicitly designed to help VCs … [Read more...] about How the philanthropy world should use this moment to actually help Black people