
HBR IdeaCast
The VC Fund Closing Equity Gaps — and Making Money
Aug 8, 2023
Freada Kapor Klein, co-founder of Kapor Capital and author passionate about social justice, and Mitch Kapor, entrepreneur and investor, discuss the intersection of venture capital and equity gaps. They challenge the notion that stakeholder capitalism is enough, advocating for impactful investment strategies focusing on underrepresented communities. They share insights on innovative solutions like Promise Pay, emphasizing the need for alignment in funding and the redefinition of success beyond traditional metrics in venture capital.
26:40
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Quick takeaways
- Investing in ventures that address access and opportunity gaps is crucial for creating wealth and fostering justice in startup investing.
- Evaluating startups should go beyond financial outcomes and prioritize founders with lived experiences and aligned values to create more impactful and value-aligned investment strategies.
Deep dives
Investing in Impact Startups to Create a Better Future
Frida Capre Klein and Mitch Capre, founders of Cape War Capital, discuss the importance of impact investing and their book 'Closing the Equity Gap'. They believe in investing in companies that not only make money but also address access and opportunity gaps. They emphasize the need to consider who will be better off and who will be worse off if a business succeeds. They provide examples like an educational technology company that offers affordable tutoring to low-income communities, closing the gap in educational achievement. They also emphasize the importance of a founder's distance traveled, resilience, and commitment to the company's mission.
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