To me, they formed an L—a projected recovery with a long, flat bottom. So my partners and I convened a meeting with all members of our VC staff. Crunching through data on our dozens of companies, we redid each one’s prognosis, keeping in mind our certainty that the globe’s recovery would look more like an L, not a V. Next, we triaged the companies, using the color codes that emergency room teams assign to patients: red for critical and needing urgent care, amber for stable but serious, and green for no immediate danger. … [Read more...] about How my VC fund is helping our companies survive the pandemic
Record making companies
In 2011, Eric Ries published The Lean Startup, a manifesto that called for continuous innovation through the use of minimally viable prototypes presented to real customers in the real world. When corporate America caught wind of Ries’s ideas, he began acting as consigliere to C-suite executives, and it was in those corner offices that he was, to his own surprise, radicalized. “You can’t find anyone to speak well of our current market construct who actually has the job of making anything in this world,” he says. During today’s COVID-19-induced recession, the topic only feels more relevant. “There’s been this outsourcing and hollowing out of our institutions, driven by short-term metrics,” he tells me, citing it as a blight on “our entire civic fabric.” … [Read more...] about If entrepreneurs and VCs want to build, we first need to rebuild financial markets
Social entrepreneur Hilary Cottam has spent more than 10 years designing, building, and implementing alternative welfare systems for communities in the U.K. that don’t just manage problems, they help people escape the revolving door of aid dependency. Rather than assigning social workers to community members, for example, Cottam’s experiments allowed people to choose their own. Instead of asking how long someone has been out of work and what their qualifications are, “We say to people, ‘What do you dream of being, and who is the first person you need to know to connect you to that dream?'” she says. In 2018, Cottam, who holds a PhD in social sciences, published a book about her work, called Radical Help. Now in its sixth edition with multiple translations, it’s resonated everywhere, she says, because of how “deep changes in our society, most of which are technology driven, make those former systems no longer either affordable or socially … [Read more...] about Hilary Cottam’s ‘Radical Help’ has communities around the world rethinking (and revamping) their social programs
Says Shakti Lumba, an industry veteran who had held senior positions in IndiGo and Alliance Air: "An aircraft in control does not crash. They only crash once the pilot loses control: The question is why? Reasons can be attributable and not attributable to the pilot. To determine, there is a through investigation to help us learn and change how things are done, made, designed and operated." … [Read more...] about Air India Express crash | Do investigators take the easy way out by blaming pilots?
Rekha sat down on the sofa, exhausted. She had finally put her daughters, Shikha (2 years old) and Sudha (6 years old) to bed. Ever since she lost her husband, Sunil, last year, she had been struggling with finances to sustain the family. Rekha took up small assignments in her spare time earn a little. Sunil was 35 years old when he expired. Although Sunil had made some investments in the stock markets, his hospitalisation had depleted all their investments. Unfortunately, he had left Rekha and the daughters with no financial support. Although Sunil had good earnings, he had failed to purchase insurance or create an emergency fund to protect his wife and children. … [Read more...] about 3 critical steps to take before you start investing