Day: March 24, 2021

Five Investing Powers



Rare and helpful:

Low susceptibility to FOMO. But for a different reason than you might think. The urge to buy an investment because its price went up means you probably don’t know why the price has gone up. And if you don’t know why the price has gone up you’re more likely to bail when it goes down. Most good investing is just sticking around for the longest time possible, through thick and thin. Quash the need to own whatever is going up the most and you reduce the urge to abandon whatever eventually goes down. Someone will always be getting richer than you. It’s OK.

Knowing what game you’re playing. An idea that’s obvious but overlooked is that investors on the same field play different games. We buy the same companies, read the same news, talk to the same people, are quoted the same market prices – but we’re everything from day traders to endowments with century-long time horizons. Even investors who think they’re playing the same game – say, stock pickers – have wildly different goals and risk tolerances. My view is that most investing debates do not reflect genuine disagreement; they reflect investors playing different games talking over each other, upset that people who don’t want what you want can’t see what you see. Understanding your game, without being swayed by people playing different games, is a rare investing power.

Recognizing the difference between patience and stubbornness. Two things are true: 1) every (Read more...)

How COVID Has Finally Shined A Light On Accessibility



This article is part of the Crunchbase Community Contributor Series. The author is an expert in their field and a Crunchbase user. We are honored to feature and promote their contribution on the Crunchbase blog.

Please note that the author is not employed by Crunchbase and the opinions expressed in this article do not necessarily reflect official views or opinions of Crunchbase, Inc. 


Good riddance 2020. Even if you’re one of the lucky ones – if you and your family are healthy, if you’re still employed – it was a really hard year. I was hit with COVID-19 in March of 2020 – as were most of the people I work with. It was rough, but thankfully we all recovered, so I consider myself very lucky. But there are millions of people who haven’t been lucky. And no one is talking about them. 

I’m the CEO of a speech-to-text platform, Trint. Throughout the pandemic, I’ve been surprised that so little attention has been paid to assistive technologies and the role they play in the lives of millions of people around the globe. Both businesses and media companies have missed out on this group of people.

I’m originally from Canada. I currently live and work in London, UK. But I worked as a foreign correspondent and war correspondent for ABC and CBS News, so I pay close attention to American politics. This summer, as the pandemic spread and political parties clashed, I was happy to read commemorations of a major milestone (Read more...)

Visualizing the Rise of Women on Boards of Directors Worldwide


This post is by Iman Ghosh from Visual Capitalist


The Rise of Women on Boards

The Rise of Women on Boards of Directors Worldwide

Women’s representation in the boardroom is a mixed bag. The number of women on boards is rising across the globe—but the rate of increase has slowed for three of the past four years.

Based on MSCI research of All Country World Index (ACWI) constituent companies, the graphic above reveals a 10-year trend of women’s representation on corporate boards, and projects three future scenarios on the way to parity.

ESG Goals: The Path to Parity

The ESG ecosystem considers 30% representation to be a critical milestone on the road to reaching gender parity on corporate boards of directors.

Following a small uptick in 2019—and two years of slowed growth from 2017 to 2018—the rise of women on boards slowed again in 2020, gaining 0.6 percentage points (p.p.).

Based on different forward-looking scenarios, here’s how long it could take to reach equal representation:

 Progressive scenarioBusiness-as-usual scenarioDeceleration scenario
Years to reach 30%
Women on Boards (WoB)
6 years9 years16 years
Year we may reach >50% WoB203920452070

Source: MSCI ESG Research LLC as of Oct. 30, 2020.

On the whole, parity on corporate boards could be reached as early as 2039 or as late as 2070.

Women’s Representation: State of the Unions

MSCI research reveals trends that highlight significant traction. In 2020, fewer women became directors, but all-male boards continued to decline worldwide to 17% in 2020 (a 2 p.p. drop) among the ACWI contingent.

This (Read more...)

7 Social Selling Strategies To Transform Followers Into Customers



This article is part of the Crunchbase Community Contributor Series. The author is an expert in their field and a Crunchbase user. We are honored to feature and promote their contribution on the Crunchbase blog.

Please note that the author is not employed by Crunchbase and the opinions expressed in this article do not necessarily reflect official views or opinions of Crunchbase, Inc. 


For some marketers, social media marketing feels like an uphill battle more than anything else. For one thing, organic reach is steadily declining — it’s said that the average organic engagement rate you get from branded content is only about 0.31 percent as of 2019.

Source

TrustInsights reports a steady decline in organic engagement rate for branded content after analyzing over 4,000 business profiles and 1 million posts in a single year.

Advertising costs on social media may have decreased, especially in 2020, but that number only tells us that more businesses and brands are relying on paid ads to reach consumers. Given the crowded space online, it’s not far-fetched to think that the average consumer will eventually grow tired of sponsored content and ads.

With a decline in organic engagement and an increase in competition over consumer attention, it’s tempting to throw in the towel and call it quits on social media. But how do you actually turn your social selling strategy around?

Read on to learn seven essential strategies that will help you convert social media followers into loyal paying customers.

 

1. Have (Read more...)

Cammila Yochabell, CEO And Founder Of Jobecam, On Transforming Workplace Diversity



The Crunchbase “Female Founder Series,” is a series of stories, Q&As, and thought-leadership pieces from glass-ceiling-smashers who overcame the odds and are now leading successful companies.


Cammila Yochabell is the CEO and Founder of Jobecam, a platform for blind video interviews that aims to make the hiring process more agile, efficient, and fair.

Born in Mossoró, RN- Brazil, Yochabell was inspired to launch Jobecam in 2016 after her own frustrating job search experience with recruiters. The 100 percent digital platform uses AI to eliminate unconscious biases in the recruitment process by concealing candidates’ identity in their video interviews.

In this Q&A, Yochabell shares more about her humble beginnings in Brazil that led to an unconventional professional journey from the oil and gas industry, to HR, to ultimately launching her own business.


Q: Did you always know you wanted to be an entrepreneur?

Yes, since I was a child I knew I wanted to be a great entrepreneur. Maybe because I grew up in a merchant family and I’ve learned how to build, run and see things happen in a business. During my adolescence, I was a jewelry seller, but I was also the jewelry designer, the maker, and the financial person. That experience is so similar to a startup, as founders early on have to wear many hats. The experience gave me even more of a sense of entrepreneurship and ambition to do something great.

 

Q: Why did you choose to enter human resources?

Actually, I (Read more...)

Good Explanations Are Acts of Creativity


This post is by naval from Naval


They’re not derived from looking at the past

Naval: There’s a phrase you’ll hear Brett and I use over and over again: “good explanations.” Good explanations are Deutsch’s improvement upon the scientific method.

At the same time, it’s beyond science. It’s not just true in science but in all of life. We navigate our way through life, and we do it successfully by creating good explanations. If you take away nothing else, try and understand what a good explanation is.

A good explanation, first and foremost, is testable or falsifiable. You can run an experiment in the real world to see if it’s true or not. Even stepping back from that, it’s a creative explanation. It looks at something that’s going on in the real world and says, “This is why it’s happening.” It is a creative leap that says, “This is the underlying explanation for how the thing works.”

For example, when I’m watching a sunset with my young kids, I ask them: “Is the sun going somewhere? Is it moving? Or is it that maybe we’re moving, and we’re moving in such a way that it looks like the sun is setting?” Which is the proper explanation? 

Looking at it naively, you would think the sun is hurtling across the sky and  going around the Earth. But that’s not the only explanation. There’s a completely creative explanation that seems to fly in the face of the obvious observation of the sun’s movement but could also fit the facts—but (Read more...)

Construction Technology Market Map: 3 Opportunities Ahead



Today we are pleased to release our construction technology market map. This market map follows our previously published housing market map and commercial real estate market map. A high-resolution version of the map is available here and the full list of companies is available here. This market map includes more than 150 technology companies operating across every aspect of the construction process, ranging from seed stage businesses to public companies.

At Thomvest, we are interested in the supply side dynamics of the real estate industry. We believe that the adoption of technology in construction can meaningfully impact the supply of real estate by breaking down silos in data, providing purpose-built tools for key stakeholders, and eliminating inefficiencies in the fragmented value chain.

While we have surveyed the broader construction technology landscape in our market map, we cover only a few areas of the value chain in this blog.

We see three key opportunities ahead for SaaS and tech-enabled companies:

1. Collaboration software that provides insights around workforce management: In a world in which labor supply is tight and skilled work is invaluable, workforce management becomes a must-have tool for operations teams to forecast costs and drive employee retention.

2. Materials management software that is built purpose-built for subcontractors: The pandemic has disrupted global supply chains and exacerbated the fragmented process of procuring materials — forcing the burden of responsibility to largely fall on subcontractors.

3. Platforms that address the construction payment chain from lenders → title companies → owners/developers → general contractors (Read more...)

Ketch raises $23M to automate privacy and data compliance



Ketch, a startup aiming to help businesses navigate the increasingly complex world of online privacy regulation and data compliance, is announcing that it has raised $23 million in Series A funding.

The company is also officially coming out of stealth. I actually wrote about Ketch’s free PrivacyGrader tool last year, but now it’s revealing the broader vision, as well as the products that businesses will actually be paying for.

The startup was founded by CEO Tom Chavez and CTO Vivek Vaidya. The pair previously founded Krux, a data management platform acquired by Salesforce in 2016, and Vaidya told me that Ketch is the answer to a question that they’d begun to ask themselves: “What kind of infrastructure can we build that will make our former selves better?”

Chavez said that Ketch is designed to help businesses automate the process of remaining compliant with data regulations, wherever their visitors and customers are. He suggested that with geographically specific regulations like Europe’s GDPR in place, there’s a temptation to comply globally with the most stringent rules, but that’s not necessary or desirable.

“It’s possible to use data to grow and to comply with the regulations,” Chavez said. “One of our customers turned off digital marketing completely in order to comply. This has got to stop […] They are a very responsible customer, but they didn’t know there are tools to navigate this complexity.”

Ketch orchestration screenshot

Image Credits: Ketch

The pair also suggested that things are even more complex than you might think, because true (Read more...)

NVCA Member Spotlight: Ironspring Ventures



Welcome to our Member Spotlight series where we give a profile overview of our many diverse members. For this deep dive, we spoke to Ty Findley, Managing Partner at Ironspring Ventures, to learn more about his firm.

Tell us about your firm. What makes it different?

Myself and my partners, Adam Bridgman and Peter J. Holt, came together because we saw a massively underserved opportunity to support ‘digital industrial’ founders innovating within legacy industrial industries that shape the way our world designs, builds, distributes and operates daily. Whether in construction, manufacturing, transportation, or energy & resources, a majority of the US GDP is made up by these critical industries (and associated skilled laborers/heroes) that we cannot afford to leave behind the digital wave that is underway. We are different because of that sector-focus and subsequent ability to leverage our global industrial network to drive value back to our portfolio companies that is highly curated to industrial markets.

We’re able to do this because all of us come from backgrounds both operating and investing within industrial environments our entire careers. And we believe this depth of specialization within the venture capital asset class is now critical in order to compete given founders have a massive amount of funding options and are now looking to optimize with partners who truly understand their company’s specific markets and thus bring differentiated capital.

Finally, I like to say that if Mike Rowe and the Dirty Jobs crew would film it, and we can (Read more...)

Equity crowdfunding is making the private markets public



Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.

For this week’s deep dive, the Equity team brought on Gumroad CEO Sahil Lavingia and Hustle Fund General Partner Elizabeth Yin to talk about equity crowdfunding. It’s been about a week since the SEC increased the equity crowdfunding cap from $1.07 million to $5 million, creating the perfect opportunity to go beyond the dollar amount and understand how the change impacts founders, venture capitalists, retail investors, and future fund managers.

Here’s a brief rundown of the show:

  • We talk about the basics of this new SEC regulation, and understand which platforms might be leading the pack for these bootstrapped campaigns. Indiegogo’s founder wrote an op-ed grading the new regulations on the site.
  • Some banter on Gumroad’s 12-hour campaign that led to a successfully crowdsourced $5 million for the company. Lavingia talks about his decision to crowdfund a round in his company, why it made sense for the company, and what it will take to make this raise mainstream.
  • Of course, Yin shared a ton of helpful nuggets around crowdfunding, providing a venture capital perspective that was still bullish on growing the amount of check-writers in the ecosystem. Some recent equity crowdfunding campaigns have shown that there are thousands of individuals willing to fund the enterprises they want to see succeed. Juked.gg is one such example.
  • There are also notes on the Testing the Waters dynamic that could usher (Read more...)