Category Archives: Current Affairs

Take Real Steps to Fight Sexism in Tech

Harassment in the workplace. Sexism. Genderism. Bigotry and prejudice. Brogramming. Not just everywhere, but also in high tech, which – you’d think – should have been advanced past that backwardness.

Silicon Valley too. Blue city, blue industry, in a blue state. If you’ve been off the grid for a while, read this from the New York Times, Or google “Dave McClure Apology”, “Chris Sacca apology”, or “Justin Calder harassment” and you’ll see. Or just go straight to google brogramming. And these are just the most recent tip of the iceberg.

I don’t want to just wring my hands and write how bad it is (although I can’t resist some of that, but I’m putting it at the end, below) … I have compiled some lists of what, concretely, you can do about it.

Steps to fight sexism in tech. Seriously. Now.

Minda Zetlin published a three-point list in this article in Inc:

  1. VCs must publish the percentage of their funds they invest in women- and non-white-led startups.
  2. Hire more female VCs.
  3. Create an organization where women can make anonymous complaints.

Stephanie Manning of Leher Hippeau Ventures published a five-point plan (excerpts):

  1. Talk about it. Blog about it, Tweet about it, or reach out to your team about it. Acknowledge that this is unacceptable behavior and communicate to your team that this isn’t how you do business. Don’t think this isn’t my fund, this isn’t my co-investor, this isn’t my problem. It’s a problem for all of us.
  2. Don’t be creepy. Just don’t. Don’t put yourself in a position where actions or words could be misinterpreted. If you think “could this be crossing the line?” go out of your way to make sure you’re on the right side of the line and then take 5 steps back.
  3. STSD. Shut that sh*t down. If you are a male leader or any male within your organization and hear or see inappropriate things coming from your colleagues, shut it down. Right then and there. You can choose to do it in front of everyone or pull that person aside, but do it in real time. Make sure to follow up with the female who received the inappropriate comment to let her know that behavior will not be tolerated, you’ve confronted the individual, and you’d like to know if anything else comes up.
  4. Diversify. Look at your team, maybe you have all male leaders/partners/executives but where are the women? If they are already on your team, include them in important meetings and decision making. Studies show diverse teams outperform homogeneous ones so it’s mutually beneficial to bring more women to the table.
  5. Educate yourself. Don’t use the few women on your team as the go-to “token females” to answer all your questions about gender diversity. Seek out feedback from friends, family, and colleagues. Reach out to friends at companies that tackle diversity and inclusion exceptionally well.

Human rights of women entrepreneurs

Reid Hoffman, founder of LinkedIn, published a manifesto titled The Human Rights of Women Entrepreneurs that concluded with a pledge that all of us should take. He has his own list of three points (excerpts):

  1. VCs should understand that they have the same moral position to the entrepreneurs they interact with that a manager has to an employee, or a college professor to a student. If you are interested in pursuing a business relationship of some kind, you forfeit the prospect of pursuing a romantic or sexual relationship.
  2. If anyone sees a venture capitalist behaving differently from this standard, they should disclose this information to their colleagues as appropriate – just as one would if one saw a manager interacting inappropriately with an employee, or a college professor with a student.
  3. Any VC who agrees that this is a serious issue that deserves zero tolerance – and I certainly hope most do think this way – should stop doing business with VCs who engage in this behavior. LPs should stop investing. Entrepreneurs of all genders should stop considering those VCs.

And finally, an earlier list, 5 Ways For Men in Tech to Support Workforce Equality While Barely Trying, published in 2015 by Megan Berry, head of Product at OctaneAI and previously RebelMouse (also one of my four daughters). Megan wasn’t in the specific context of venture capital and investors, but was very much immersed in the day-to-day of high tech. She had her own 5-point list (again, excerpts)

  1. I’ll get it”. It’s all too common for the woman in the room to be asked to get coffee or water or pick up lunch. It’s usually done casually, even unintentionally, but all too often. Here’s a thank you to the guys who interrupt the ask to the only woman in the woman and say “I’ll get it.”
  2. Actually, you’re the pretty face.” True story. I was once leaving the office to give a talk, accompanied by a male co-worker. As we were getting ready to go, he made a joke about how I was the “pretty face.” A coworker told him, “Actually, you’re the one we’re sending to be the pretty face. She’s giving the talk.” Whenever you can turn a sexist joke back on the joketeller, women everywhere will thank you.
  3. Come grab a drink with us!” It’s easy for the only woman in a group to feel unsure if she’s welcome at the happy hour, the casual beers in the office or similar situations. These casual environments are important for anyone’s career. You gain mentorship, bond with your coworkers and get the insider knowledge to advance in the company. Don’t assume she feels welcome, welcome her.
  4. What do you think we should do?” Women are more hesitant to speak up in meetings than men. This is a generalization and not a rule (just ask my coworkers, I’m sure they’ll assure you I have no issue speaking up), but if you find yourself in a meeting with only one woman in the room, it can’t hurt to make sure she feels comfortable speaking up. It’s so easy to do and, hey, maybe she’ll have the best idea in the room.
  5. It’s so easy a dad could use it” The examples we use in everyday language and business are surprisingly powerful. If you talk about it being so easy a “mom could use it” I encourage you to push your creativity a step forward to think beyond the simplest of stereotypes.

OMG it’s 2017!

Jeez! This sh*t was obsolete years ago. I grew up in the 50s and 60s and even then, already, my mom taught me better than this. And, God knows, there was a whole lot of bias back then. (Mad Men was realistic for my generation. But it’s been 50 some years since Betty Friedan first published The Feminine Mystique. And 35 years since my sister encountered sexism in her career in Silicon Valley high tech. And 20 since one of my daughters first encountered it.

For those of us old white guys, it’s way too easy to forget, or ignore, that this is going on. I was shocked when my sister encountered it in a 1980s tech company that eventually went public. Shocked and saddened, when I discovered, via my daughters (I have four daughters, all in tech) first encountered it was they merged into the work world beginning in the late 1990s. Dismayed when my youngest got it in a San Francisco SOMA startup in 2012.

For the record, I haven’t been ignoring it. I’ve been fighting it. It’s been a thing in this blog for 10 years. I may be older white male, but I do know right from wrong.

Sexism in tech is a cancer. Stop it.

Did You Get Screwed in Business

This is a true story. I was there. The details are possibly not exact, and the quotes are paraphrased, but the essentials are true.  A startup founder was pitching to 22 local investors. The group had asked him to pitch because we liked his summary materials. He was local to us and had an interesting product. But he got screwed. I got screwed

This is what happened

  • Two minutes into the pitch, he said he had been screwed by a partner in a previous venture.
  • Ten minutes into the pitch, he said that he had been screwed by attorneys in a previous business deal.
  • Fifteen minutes into the pitch, he said he’d been screwed by an employee he had to fire.

Normally, after every pitch, after the founder has left and we’re alone, the group takes time to discuss what we saw and heard. In this case, the room was quiet for a few seconds. Then one of us said:

“One thing we know for sure … if we invest in that guy, he’ll be blaming us for it later.”

Everybody laughed.

He didn’t get the investment from us. Do you know why not?

This is what reminded me

This morning I saw this question in Quora, the world’s best question and answer site.

Every time I’ve gone into business, I’ve gotten screwed badly, either by partners or by customers. How do I avoid this the next time around?”

I’m answering here first.

Decline of Real Journalism and Fake News are Cause and Effect

These are related trends: the decline of traditional journalism and the emergence of fake news everywhere.

I’ve accidentally chronicled the decline of journalism in this blog, with occasional posts over the last 10 years. Check out the category journalism here and you’ll see what I mean.

Now, suddenly, so-called fake news is a big issue.

Is that a surprise? We’ve severely discounted the traditional processes related to editing and news values and journalistic ethics that drove our culture for most of the last century. We chose social media instead. We gave the tweet and Facebook post the same credence we used to give to the newspaper and network news.

And, voila, fake news is a problem. What do we do about it?

Fake News

The Morning After the 2016 Election

business-life wisdom
Focus

Nov. 9, 2016. Of course this blog is not about politics or elections. I’m a business guy, basically, and I write about startups, planning, and stories. But I’m also human. I care. Here’s what I hope today:

  • That the women of this country stay united and resolute in their support of equal opportunity, equal pay, and control over their own bodies. That nobody accepts the imbalances and inequalities that still exist, in 2016, despite 50 some years since Betty Friedan first published The Feminine Mystique. And 35 years since my sister encountered sexism in her career in Silicon Valley high tech. And 20 since my daughters first encountered it.
  • That immigrants in the USA feel welcome. That the USA remains a nation of immigrants, and a land of opportunity. That we build bridges, not walls.
  • That we acknowledge and work together to end the inequality of opportunity, and treatment under the law, that face African Americans and Hispanics in this country. That starts with looking at who is in our prisons, where they come from, why and how they get there.
  • That we each individually work for what’s right, and do our best, with love, understanding, and kindness; as well as hard work. And we keep our dreams intact.

 

Infographic: Women in Business

Thanks to Balboa Capital for this infographic today with a summary of statistics on women-owned businesses.  This all looks like good information to me. With limits. For example, I chronically question the research on factors considered important because I think these surveys are politically motivated and set up to serve political agendas. So in this one, I don’t believe business owners are really concerned about macro economics or tax rates. They are concerned about increasing sales, hiring people or now, and cash flow. But that’s just my opinion.

I also note that according to this, women-owned businesses are financed the old fashioned way, not by high profile angel investors or venture capital. And that the playing field is not level by any means, even after 50 years of attention to gender equality. Women still have a tougher time, in general, building their businesses.

By the way, I recommend Women on Business, the website and blog, as my favorite source for women in business and writing about business. That site has no relation to this infographic.

infographic women in business

Data, Politics, Poets and Truth

Sheep on grassIn the good old days – I turned teenager in 1961, and 18 in 1966 – we had a generally accepted process for establishing truth. First, we generally distinguished opinion from fact. Second, when fact was in doubt, we turned to evidence.  And evidence, once presented, was accepted. Evidence ended arguments. But data killed that, politics killed data, and now poets predict politics.

Data undermined simple truth

The decline of truth started with data. Huge masses of overwhelming and conflicting data forced us to choose truth from streams of incoherent evidence. For example: Is margarine is good for you? Eggs? Coffee? Those are just three simple cases, regarding food. We have ample streams of evidence on either side. We can find data to support any answer. And those are just easy food and health arguments, not nearly as controversial as, say when ISIS started, who supported what war and when. Evidence doesn’t end the argument because we’re overwhelmed with conflicting evidence.

Talking points undermined evidence

And then came talking points. First, the overabundance of conflicting data undermined the weight of evidence. After that, political strategists discovered that repetition of well-packaged spin, half truth, and lies could be taken as truth. And now we accept political talking points as truth, even in the face of evidence to the contrary. Millions of people firmly believe absurdities in the face of clear and unambiguous evidence to the contrary.

We’re left with truth in poetry

Truth and LiesSomewhere around 1790 William Blake wrote The Marriage of Heaven and Hell. That lengthy and sometimes bewildering work includes a section called the proverbs of hell, which includes the following:

Everything possible to be believed is an image of truth

No I’m not suggesting Blake foresaw or forewarned us. But what he says there does fit today’s reality. Right? We’ve got wide ranges of diverse and discordant images of truth. Of course, Blake included that in the section framed as proverbs of hell, not heaven, so maybe he mistrusted its direct meaning. But in the poem, he likes hell, so who knows. I suggest it here as food for thought, nothing more.

And then there is this, written 100 years ago by William Butler Yeats in a short poem called The Second Coming.  It seems disturbingly like what we see around the world today:

Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.

That’s towards the opening of the poem. It gets even darker as it closes. Sadly, that too sounds a lot like mainstream politics today. Did you watch that debate on Monday?

 

 

TED talk: A Growing Threat to Democracy

About a third of the way into this talk from last year’s TED global the speaker says:

Have you wondered why politicians are not what they used to be? It’s not because their DNA has degenerated. It is rather because one can be in government today and not in power, because power has migrated from the political to the economic sphere.

The audience laughs at the DNA joke, but then falls silent. The speaker, Yanis Varoufakis, who was Greece’s finance minister during last year’s Greek financial crisis, has a very serious point.

Over the last three months, in the United States, in Britain and in the Eurozone, we have invested, collectively, 3.4 trillion dollars on all the wealth-producing goods — things like industrial plants, machinery, office blocks, schools, roads, railways, machinery, and so on and so forth. $3.4 trillion sounds like a lot of money until you compare it to the $5.1 trillion that has been slushing around in the same countries, in our financial institutions, doing absolutely nothing during the same period except inflating stock exchanges and bidding up house prices.

So a mountain of debt and a mountain of idle cash form twin peaks, failing to cancel each other out through the normal operation of the markets. The result is stagnant wages, more than a quarter of 25- to 54-year-olds in America, in Japan and in Europe out of work. And consequently, low aggregate demand, which in a never-ending cycle, reinforces the pessimism of the investors, who, fearing low demand, reproduce it by not investing.

the economic sphere has been colonizing and cannibalizing the political sphere to such an extent that it is undermining itself, causing economic crisis. Corporate power is increasing, political goods are devaluing, inequality is rising, aggregate demand is falling and CEOs of corporations are too scared to invest the cash of their corporations.

So the more capitalism succeeds in taking the demos out of democracy, the taller the twin peaks and the greater the waste of human resources and humanity’s wealth.

I’ve been a fan of TED for years now because it tends to highlight a combination of truth, concern, science, arts, and of course it’s namesake acronym, Technology, Education, and Design (TED).  I like talks that shake me up a big and make me think. This one does that.

The source of this is at the following link: Yanis Varoufakis: Capitalism will eat democracy — unless we speak up.

A Physicist’s Deep-Dive into Who Controls the World Economy

ownership-networks-smallIn this TED talk, physicist James B. Glattfelder looks at who controls the world economy, focusing first on ownership as a complex system. He says, in his introduction:

“We spend billions of dollars trying to understand the origins of the universe while we still don’t understand the conditions for a stable society, a functioning economy, or peace.”

Network Analysis of Economics as a Complex System

He uses analytic techniques from science to look at the ownership of global corporations and control of the economy.

So we started with a database containing 13 million ownership relations from 2007. This is a lot of data, and because we wanted to find out who rules the world, we decided to focus on transnational corporations, or TNCs for short. These are companies that operate in more than one country, and we found 43,000. In the next step, we built the network around these companies, so we took all the TNCs’ shareholders, and the shareholders’ shareholders, etc., all the way upstream, and we did the same downstream, and ended up with a network containing 600,000 nodes and one million links. This is the TNC network which we analyzed.

So he goes from there to control. How much control is how concentrated?

Disturbing data with disturbing conclusions

The talk is from 2012. It looks at the phenomenon of the great recession, the 2008 world financial crisis. But he goes into the underlying structure, and the enormous problems related to concentrated ownership and control in a very few hands.

If you want to compute the flow in an ownership network, this is what you have to do. It’s actually not that hard to understand. Let me explain by giving you this analogy. So think about water flowing in pipes where the pipes have different thickness. So similarly, the control is flowing in the ownership networks and is accumulating at the nodes. So what did we find after computing all this network control? Well, it turns out that the 737 top shareholders have the potential to collectively control 80 percent of the TNCs’ value. Now remember, we started out with 600,000 nodes, so these 737 top players make up a bit more than 0.1 percent. They’re mostly financial institutions in the U.S. and the U.K. And it gets even more extreme. There are 146 top players in the core, and they together have the potential to collectively control 40 percent of the TNCs’ value.

And what does that mean for the long-term stability, and peace, in the world? You decide. First, watch this 13-minute video. And by the way, the original is on the TED site as Who Controls the World.

Truth: Politicians and Small Business

Once again we have elections and the useless self-serving rhetoric of politicians and small business. talk about Damn, elections are heating up again. All politicians claim to speak for “small business.” As if anybody could speak for small business, given that just about the only thing business owners have in common with each other is that we have nothing in common with each other. And all candidates promise to create jobs, or to bring them back to the U.S. from other countries.

Do politicians create jobs?

Ask yourself: How does a president create jobs? How does a senator create jobs? How does congress create jobs? Think for a second about startups, entrepreneurship, and small business. Tax rates, safety rules, employee law, and of course health care affect existing small business, yes. But startup founders don’t look at tax rates and health care costs before starting – they look at the market, what they want to do, the team, the feasibility, and so forth.

So every politician claims to support small business. Have you ever heard one say no to that? Is it anything different from the American flag, apple pie, and motherhood? Damn!

And what does that mean?  They pause just a second, and then go straight into how supporting small business means voting for them. Every candidate speaks for the supposed little guy. Right? And every candidate promises to create jobs.

What bugs me a lot about politics and small business, particularly around election time, is how many people claim to speak for small business when, in fact, really, nobody does. And the numbers they spout, along with the self righteousness of it all.

What politician really speaks for small business?

Business owners don’t fit into categories and generalizations. We are as unlike, one from the other, as any other random group of people pulled together for the common factor of owning a business. We don’t have the same opinions, and we don’t need or want the same things.

Think about what we have in common: jumping off the path, maybe, doing things differently, doing our own wheels instead of being cogs in bigger wheels. Does it make sense to assume we’re all in favor of one thing or the other? I don’t think so.

And politicians don’t create jobs. People create jobs.

(Image credit: The flag, apple pie, and motherhood. From Truback, Mindstorm, and Boris Ryaposov, respectively, on Shutterstock)