I'm confused because they said they were about to fund them but that comment made them not make the offer. So why were they prepared to do it initially despite missing that mark?
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Taking a step back, I think your friend did them a favor. If they were going to fund them solely based on public perception instead of genuine interest I don’t think it’d be a fruitful long term relationship
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Replying to @LifeAsJohn @NaithanJones and
Also sounds like the Associate is confident, has good instincts and wants to make money for his investors. That is the goal.
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Replying to @jacksongates
So I'm in the exact opposite field, but at what point can investors agree that they can make a tradeoff between making a certain % of return and creating a more equitable industry? We aren't starting off with a level playing field so the returns might not be as significant.
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Replying to @JuellStewart @jacksongates
Working towards true equity requires making some kind of sacrifice, and money isn't everything. At a certain point, there's a necessary conversation about whether established metrics are creating the outcomes that everyone is wringing their hands over
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Replying to @JuellStewart @jacksongates
it's not their decision to make. If the pension funds and university endowments care solely about financial returns and never ask for DEI, then the fund managers they provide their capital to to manage won't weigh that, at least systematically or at scale.
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Replying to @kimmaicutler @jacksongates
Thanks
@kimmaicutler, that gives me a lot of perspective. I'm really fascinated by this and generally energized around finding creative strategies for systemic change, so this information about how things work is quite useful!1 reply 0 retweets 0 likes
@Cookie is onto something here:https://techcrunch.com/2020/06/03/for-more-equitable-startup-funding-the-money-behind-the-money-needs-to-be-accountable-too/ …
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