Time to Build or Time to Finance?: In April, Andreessen Horowitz (A16Z) declared: “It’s time to build.” But in January, it asserted that “every company will be a fintech company.” Which philosophy reigns supreme? It’s a laudable goal—giving employees a chance to buy a home, or offering retail investors a look at significant upside. But right now, these platforms still work best for large shareholders looking to sell and institutional investors with access to company financials willing to buy. One white-shoe secondary broker recalls a pre-IPO founder who had quietly cashed out enough of her stake to build a $15 million house, yet maintained a corporate policy denying secondary liquidity to her employees—a power imbalance that remains all too common. … [Read more...] about If entrepreneurs and VCs want to build, we first need to rebuild financial markets
In a new report, the World Health Organization estimates that 7 million souls perished prematurely in 2012 as result of the diseases caused by indoor and outdoor air pollution. That’s one-in-eight of all fatalities that year. The vast majority–more than 5 million–were in Southeast Asia (which includes Indonesia) and the Western Pacific (China and the Philippines). Almost all the deaths occurred in lower- and middle- income countries. … [Read more...] about 1 in 8 Deaths Globally Are Linked To Air Pollution
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
You have to build a retirement nest egg that can sustain your expenses through the rest of your life and your partner’s. This is a complex topic by itself, but the principles that determine the size of the corpus are your spending pattern, the rate of inflation and the manner in which you invest those savings when you retire, and the number of years that you want the corpus to last. An illustration is included here. … [Read more...] about How much money do you really need to be financially independent?
The Federation of Indian Associations (FIA) of the tri-state area of New York, New Jersey and Connecticut said in a statement that it “will be creating history” on August 15, 2020 by “hosting the first ever flag hoisting ceremony at Times Square” to commemorate India's Independence Day. … [Read more...] about 74th independence day: In a 1st, Indian tricolour to be hoisted at iconic Times Square in New York