How Jake and Erma Revitalized Underestimated Cities

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Jake and Erma are from Fresno. They wanted to revitalize what they call underestimated cities, starting with their own hometown. When you provide jobs and training to underserved communities, the buying power of those communities goes up. That kick starts the local economy and sets a flywheel spinning that leads to improved outcomes for all.

In part 2 of this episode with veteran founders and investors Mitch Kapor & Dr. Freada Kapor Klein, we get into the data of building human-centered cultures. In part one, we heard how Mitch and Freada went all-in on investing their values, committing 100% of new investments in “gap-closing” companies that aim to improve society, even as they aim for scale and liquidity as well. Now, Mitch and Freada can share how that’s played out in practice, with both positive examples … and some negative ones as well. (Yes, they were early investors in Uber!)

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