Closing the Equity Gap by Freada Kapor Klein audiobook

Closing the Equity Gap: Creating Wealth and Fostering Justice in Startup Investing

By Freada Kapor Klein  and Mitchell Kapor
Read by Keyonni James

HarperAudio, HarperCollins 9780063268517
1
Format : CD (In Stock)
  • $41.99
    Available on 03/14/2023

    ISBN: 9798212209199

  • $41.99
    Available on 03/14/2023

    ISBN: 9798212209205

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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Summary

Summary

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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Reviews

Author

Author Bio: Freada Kapor Klein

Author Bio: Freada Kapor Klein

Titles by Author

Author Bio: Mitchell Kapor

Author Bio: Mitchell Kapor

Titles by Author

Details

Details

Available Formats : CD, MP3 CD
Category: Nonfiction/Business & Economics
Audience: Adult
Language: English