Masters of Scale Better metrics for better culture, part 2, with Kapor Capital’s Mitch Kapor & Dr. Freada Kapor Klein
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Jun 27, 2023 Join Dr. Freada Kapor Klein, a pioneer in social impact investing, and her husband, Mitch Kapor, as they delve into building human-centered cultures. They discuss innovative investment strategies that focus on diversity and impact, like their support for the prison communication startup Pigeonly. Reflecting on Uber's early days, they navigate the ethical dilemmas in tech and share how unconventional success metrics can reshape business culture. Their journey reveals the power of aligning values with investment decisions to uplift communities.
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Pigeonly's Origin
- Frederick Hudson, while incarcerated, developed Pigeonly to help prisoners connect with families.
- It started with printing photos and mailing them, addressing a problem he faced firsthand.
Distance Traveled Metric
- Kapor Capital uses "distance traveled" to assess founders, valuing their journey over their background.
- This metric considers where a founder started, believing it predicts success better than education.
Bitwise Industries' Impact
- Irma and Jake, from Bitwise Industries, offer paid apprenticeships in tech to underserved communities.
- Their goal is to uplift these communities and revitalize underestimated cities.