And [doing that is] insanely expensive. I mean, since starting the organization, we’ve raised close to $100 million and spent nearly every dollar of it. That’s not sustainable. I also think creating organizational networks that enable people to share trusted news and information with the people in their life is an untapped resource and solution for the disinformation epidemic. What I mean by that is pairing trusted news and information with relational organizing. The majority of Americans trust the people in their lives more than any other source of information. And so if we can arm people who are already media literate—regardless of what your ideology or your politics are—to understand the value and impact of sharing and informing the people in their lives with trusted information, that would also be amazing. … [Read more...] about The Democratic operative who beat Trump on Facebook is bracing for the war ahead
Jesper Andersen (left): Foremost is the payment for service problem, with the debt issuer’s relationship with credit rating agencies. They’re paying for the rating. Because we have a very small set of companies that are really able to create these credit ratings, we get a situation where each of the companies essentially bid against one another for the right to issue this contract and collect the fee. What they’re really bidding is the quality of the rating: how high can they boost the rating for the debt issuer? Essentially, it’s legal but it looks a lot like a bribery effect, distorting what the credit rating should be. We have to do this in a way in which money doesn’t have to change hands in order for the information to be created. … [Read more...] about FreeRisk: Crowdsourcing Credit Ratings?
Performance feedback from multiple sources gives you a more complete picture while minimizing the impact of any particular rater’s bias. We’re now doing 360 reviews at Buffer at least once a year for the whole team, and teammates have the option to get more feedback during any review period to round out their overall feedback. … [Read more...] about The Three-Step Process To Curtail Bias In Performance Reviews
“Selling wine is easy—selling wine futures that require a minimum investment of about 300 cases, about 3,600 bottles, proved nearly impossible,” says Leventhal. “We didn’t have a name or established reputation behind us, and we realized relatively quickly that we wouldn’t be able to survive on the minimal revenue stream we were seeing from the private client wine-making. We needed to pivot and figure out a way to support the wine-making business at a time when we weren’t even able to serve our own wine in the bar. We had to wait out the aging process.” … [Read more...] about 7 Successful Entrepreneurs Share Their Company’s Big Pivot
This can be particularly valuable during the hiring process. Sumner points to Iris Bohnet’s work on removing societal barriers that could be putting women at a professional disadvantage. In her book What Works: Gender Equality by Design, Bohnet, a behavioral economist at Harvard University, recommends having structured job interviews where the hiring manager thinks about questions that can predict success beforehand, then asks all candidates the same questions, in the same order. … [Read more...] about How Unconscious Bias Is Affecting Our Ability To Listen