Share US News The past election cycles including in the 2016 general election, the 2018 midterm elections, and the start of the 2020 campaign were all highlighted by an ever-increasing trend toward so-called “Democratic” socialism within the Democratic Party. Starting off with the likes of Senator Bernie Sanders (D-Vt.) and following through with Representative Alexandria Ocasio-Cortez (D-N.Y.) as well as most contenders for the Democratic presidential nomination, the push farther left has become quite popular.However, this trend has also caused many in the mainstream of American politics to voice their concerns with this societal flirtation with socialism. The co-founder of Home Depot, Bernie Marcus, is a philanthropist who champions the free market and warns against this alarming trend in a new video published on April 23. It was issued through the Job Creators Network, a nonpartisan organization he founded to be “the voice of Main Street” and promote economic freedom in the United States. Warning Against Socialism, Entrepreneur Defends Free Market By Kristian Kafozoff April 24, 2019 Updated: April 24, 2019 Share this article Show Discussion Signs placed by the Job Creators Network are seen on Times Square in New York on Feb. 23, 2019. (Timothy A. Clary/AFP) LINKEDINPINTERESTREDDITTUMBLRSTUMBLEUPON “I love America. I do. I love America because it’s the greatest country in the world” Marcus said proudly before warning that he would like to begin his message by stating something “politically incorrect.” Marcus goes on to say that: “I think there are two big reasons why this country is so great: the first is our Constitution, which guarantees a freedom of speech and expression. The second is our free market system. The free market system has been the biggest creator of wealth and prosperity the world has ever known, lifting billions of people out of poverty and far more superior than any government program could ever be. The free market is the tool that allows many to reach out and grab hold of the American dream.”Bernie Marcus then goes on to the crux of the matter, expressing that, “It pains me to see people in this country glorifying socialism. Young people especially have been indoctrinated into believing that free enterprise is immoral because it enriches the greedy and depresses the poor.” He goes on say, “Even the word capitalism is not politically correct to use, but the reality is that the free market system has created the biggest middle-class population in the world and while some may say socialism is well-intentioned, the fact is it robs people of their independence, their dignity, and their finances, leading to government dependence, suppression of ideas, and lower standards of living for those under its thumb.”“Free enterprise just doesn’t create an environment where individuals have the opportunity to prosper but makes charitable giving possible in the first place. It’s not a random occurrence that Americans are the most charitable people in the world. It’s a result of hard work, entrepreneurship, and yes, a free market system, because in order to give money you need to make money,” Marcus continued before concluding the 3-minute video with an introduction to his organization and its mission.The Job Creators Network is “a group [he] founded to champion these free-market ideals. Efforts like these are more important now than ever as support behind socialism continues to swell in our urban areas and academia, and even in the halls of Congress. I encourage you to help us in this fight. Go to our website JobCreatorsNetwork.com and make your voices heard. Thank you.”His organization has played an important role in exposing efforts by Ocasio-Cortez to sabotage Amazon’s plans to build its HQ2 and create new jobs in Queens, which happens to be her district. Furthermore, the Job Creators Network has called out the socialist principles behind the proposed “disastrous” $93 trillion dollar Green New Deal, by placing a number of comical billboards in Times Square, New York.
LINKEDINPINTERESTREDDITTUMBLRSTUMBLEUPON Share Share this article US News This June 23, 2011 booking file photo provided by the U.S. Marshals Service shows gangster James “Whitey” Bulger. (AP Photo/ U.S. Marshals Service, File) The cause of death for Boston gangster James “Whitey” Bulger has been revealed: the longtime criminal died last year from “blunt force injuries of the head,” according to reports.A document from the West Virginia Department of Health detailed how the elderly mob boss died, Fox News reported on April 26. He was found dead at around 8:21 a.m. local time on Oct. 30, 2018.The 89-year-old was injured after being “assaulted by other(s),” which took place in his prison cell, according to a death certificate. CAPTURED: In this handout from the Federal Bureau of Investigation (FBI), Fugitive James Bulger is seen. The FBI announced June 23, 2011 that Bulger was captured in his home in Santa Monica, California. (FBI via Getty Images)Homicide was the “final manner of death,” the document added. CNN reported that it took “minutes” for him to die after he sustained the injuries.Authorities attempted to carry out lifesaving measures to revive Bulger, but they ultimately failed. His death pronouncement came at around 9:04 a.m., CNN reported, citing the document. Bulger was serving life in prison for a slew of crimes, including his role in 11 murders. Before he was arrested in 2011, he had been on the run for 16 years. This undated file FBI photo found in Boston during an evidence search and released Dec. 30, 1998, shows James “Whitey” Bulger. (FBI via AP, File)In November 2013, he was sentenced to two life terms and five years after overseeing a mafia-like criminal organization in Boston. He was later convicted of 31 counts, including racketeering, extortion, money laundering, drug dealing, and other charges.He was also culpable in 11 murders between 1973 until 1985.Until 2011, he was listed as the No. 2 criminal on the FBI’s Ten Most Wanted Fugitives List behind al-Qaeda leader Osama bin Laden, who was killed in Pakistan in May of that year.Life of CrimeBulger, more infamously, was also the model for Jack Nicholson’s ruthless crime boss in the 2006 Martin Scorsese movie, “The Departed,” and he led a largely Irish mob that ran loan-sharking, gambling, and drug rackets.He also was an FBI informant who ratted on the New England mob, his gang’s main rival, in an era when bringing down the Mafia was a top national priority for the FBI, according to The Associated Press. In this courtroom sketch, James “Whitey” Bulger listens to defense attorney, Hank Brennan, during closing arguments at U.S. District Court, in Boston, Monday, Aug. 5, 2013. (AP Photo/Jane Flavell Collins)Bulger’s rap sheet started when he was a juvenile, and he spent three years in Alcatraz, the infamous island prison off San Francisco.Patricia Donahue’s husband, Michael, was killed in 1982 when he offered a ride home to a man allegedly targeted for death by Bulger because he was talking to the FBI. “I’d like to open up a champagne bottle and celebrate,” she told WBZ-TV last year.Tom Duffy, a retired state police detective who searched for Bulger and was a consultant on “The Departed,” called word of Bulger’s death “celebratory news.”A lawyer who represented Bulger blamed the gangster’s death on decisions made by the Bureau of Prisons.“He was sentenced to life in prison, but as a result of decisions by the Federal Bureau of Prisons, that sentence has been changed to the death penalty,” attorney J.W. Carney Jr. said in a statement last year.The Associated Press contributed to this report. Cause of Death Revealed for James ‘Whitey’ Bulger By Jack Phillips April 26, 2019 Updated: April 29, 2019 Show Discussion
She was “acting erratically” https://t.co/5nthgS1kb1— Liverpool Echo (@LivEchonews) October 4, 2018 Brandon Ganus faces numerous charges following his arrest onboard a flight from Pittsburgh to Dallas that had to be diverted to Oklahoma City on June 16 to due to his alleged disorderly conduct. (Oklahoma City Police Department) A Merseyside Police spokeswoman said the woman was not arrested, according to the outlet.“We can confirm officers were called to a stand at Liverpool John Lennon Airport at around 12.50pm today, Thursday 4 October, to deal with a woman who had reportedly been smoking on an Easyjet plane which had landed from Naples.“The woman, who was in her 30s and from the Liverpool area, was not arrested but escorted from the plane by officers and given a verbal warning.” Follow Tom on Twitter: @OZImekTOM Share LINKEDINPINTERESTREDDITTUMBLRSTUMBLEUPON Show Discussion An American Airlines flight from Pittsburgh to Dallas was forced to make a detour to Oklahoma City because of an allegedly intoxicated and abusive passenger.Police cited by Fox25 said American Airlines flight 2840 made a detour from its scheduled flightpath on June 16 after 32-year-old Brandon Ganus allegedly created such a commotion that the crew and passengers had to physically restrain him with plastic zip-ties and duct tape.“He tried exiting out of the front door, and we stopped him, so we went to his seat and we turned on the lights bright. Then, him and the person next to him got into a brawl,” an American Airlines flight attendant told CBS.“I left the handcuffs up front with the other flight attendants, in case anything happened, and we went at him at the same time,” a flight attendant told News9.The flight attendant said that when she tried to calm Ganus down, he flew into a rage and punched her in the chest.After pilots landed the flight at its diverted location at Will Rogers World Airport in Oklahoma City, officers boarded the plane to take Ganus into custody. Share this article ‘Drunk and Disorderly’ Man Forces Flight to Make Emergency Landing: Police By Tom Ozimek June 19, 2019 Updated: June 19, 2019 A police officer cited by Fox25 said that Ganus’s speech was slurred and he had “an odor of alcoholic beverage so overpowering that [the officer] easily detected long before [the officer] reached him.” Ganus was handcuffed and forcibly removed from the plane.Officers said that as he was being led away, Ganus became upset and began yelling “colorful obscenities” and threats. He also resisted officers by dropping to the ground and had to be removed from the airport in a wheelchair, the outlet reported.He was charged with public intoxication, resisting arrest, assault and battery, and disorderly conduct.EasyJet Passenger Ejected From Flight for Smoking in ToiletIn a similar case, an EasyJet passenger had to be removed from a plane by police after she “endangered” the flight by smoking in the lavatory.Police in Liverpool escorted an unidentified female passenger traveling from Italy to England off the plane after she allegedly sneaked a smoke in the lavatory and put “the whole plane in danger,” the Liverpool Echo reported.Alarmed passengers aboard the Oct. 4 EasyJet flight reportedly notified the flight crew to the woman’s actions.“She was shaking and moving about a lot then I see her run to the front to the toilet. It was full so she ran down to the back and slammed the door,” a witness told Liverpool Echo. “I thought she was sick at first but the cabin crew were knocking on the door and asking her to come out.”After landing at Liverpool’s John Lennon Airport, the pilot asked passengers to stay in their seats while police officers escorted the woman off the plane.Video footage taken on the flight has emerged, according to the Daily Mail, showing two officers removing the woman from the back of the plane.“The passenger was removed for smoking in the toilet during the flight, putting the whole plane in danger,” the pilot said to passengers according to Liverpool Echo. “Thank you for waiting while crew and police dealt with the situation.” Crime and Incidents Passengers on #AmericanAirlines flight 2840 made a detour from their scheduled flight to #Dallas on Saturday all thanks to an intoxicated passenger @OKCPD said.Read More: https://t.co/KaMnCf9pXF pic.twitter.com/2avvV4nxik— KOKH FOX 25 (@OKCFOX) June 18, 2019
The ride-sharing app that just went public with its valuation is definitely a disrupter in the mobility world. The San Francisco-based start-up locked horns with Uber early in the game, and steadily grew as its competitor, becoming the second-largest trans-national corporation with a 30% market share in the United States. Lyft’s next big move is to expand in the e-scooter business, with their hardware partnership with Xiaomi. Lyft is looking for an Industrial Designer to join its team in San Francisco, California, to embark on this journey.THE OPPORTUNITYAt Lyft, community is what we are and it’s what we do. It’s what makes us different. To create the best ride for all, we start in our own community by creating an open, inclusive, and diverse organization where all team members are recognized for what they bring. Lyft’s new Bikes & Scooters division is seeking a Principal Industrial Designer join as a founding member of our internal Industrial Design practice.RESPONSIBILITIESThe Industrial Design, Lead is expected to have a deep knowledge of the entirety of the industrial design process from conceptualization, to refinement, to modeling, and manufacturing support. Lyft will rely on the PID to be both an expert contributor as well as a design leader, innovating and pushing the UX, Brand, and Product vision beyond the competition.The PID practices their craft at the highest level and has the ability to juggle full design and development programs with smaller design initiatives. They should possess ample ideation and innovation skills to envision and clearly articulate the story of the next gen product line. The ideal candidate is able to work well with cross-functional teams to successfully visualize concepts and translate them into feasible solutions, balancing innovation with functional requirements and on-brand design.The PID’s days might include conceptualizing aesthetic and functional solutions while integrating insights; leading design reviews; building physical mock-ups; working with design research specialists to produce user-centric and market-appropriate concepts; integrating the work of UI/UX colleagues; and collaborating with engineers on cost-effective and compelling solutions.Lyft’s Bikes and Scooters team is new division and operates as a startup within the larger organization. You will be expected to roll up your sleeves and hustle. We are moving fast, innovating, and operating with ambiguity. You should be self motivated and flexible to lend a hand as new obstacles arise.REQUIREMENTS• 5+ years of professional experience as an Industrial Designer • Proven track record in design excellence as reflected in awards or industry recognition • Demonstrated design and development of products taken to market • Broad-based experience designing product for multiple categories • Expertise in design for manufacturing • Excellent verbal, written, and interpersonal communication skills; comfortable with communicating and interacting effectively at all levels within the organization, including senior management, customers, partners and suppliers • Expert CAD and 3D photo-rendering, Adobe Illustrator and Photoshop • Bike, scooter or auto design expertise is preferred • Design studio expertise preferredLOCATIONSan Francisco (California), USA.CLICK HERE TO APPLYVisit the YD Job Board to view similar jobs or to post a Job Opening.SharePinShareFlipSharePocket301 Shares
Summer time is a great time to go on a road trip! Whether you are exploring a National Park, traveling through a state or going across the country, being on the road is memorable. Road trips are fun, but you want to be sure you are prepared for any unfortunate bumps in the road that can occur. It can be as simple as storing a few essentials in your trunk to get you out of jam.Here are some things to keep in your car at all times:1.) First Aid KitEven if you aren’t going on a road trip, this is nice to have in your trunk at all times. It might come in handy for you or someone else in need.2.) Flashlight This is another thing to always keep in your car, especially if you find yourself driving at night time often.3.) License, Registration, a Copy of Your Car Insurance and Car Manual Again, this should always be in your car stored in your glove box.4.) Jumper CablesNobody wants to wake up to a dead car battery. Jumper cables can fall into the “always have in my car” category. It’s much easier than trying to hunt one down when you are in a pinch.5.) Snacks This can’t be stressed enough! Even if you plan to be on the road for long hours, consider packing meals in a cooler. You can always stop at a rest stop to picnic if you want to stretch your legs. If you aren’t packing a cooler, pack snacks that don’t require refrigeration like dried fruit, nuts, jerky, fruit, bars, etc.6.) Water BottleHaving extra water in your vehicle during summer can literally save your life if you become stranded on a hot day in a remote location.7.) Phone ChargerIf your car only has one outlet for a phone charger, consider getting a USB plug that can charge multiple devices at once. If you have a few outlets, pack a few cords! Portable chargers can come in handy too.8.) Polarized Sunglasses Driving in the sun is always best with polarized sunglasses.9.) Wet Wipes & Napkins Wet wipes and napkins are always nice for keeping your hands & face clean or cleaning up a spill in your car.10.) Trash Bag Keep your car clean from your snacks and other garbage with a simple trash bag. You could place things in a small can or just have a bag.11.) Paper and PenGreat for taking notes or writing down important information on your road trip.12.) Blanket and Pillow This may be nice for those long hours in the car! A blanket and pillow can add comfort to your drive.13.) Sunscreen Even if you aren’t outside, wearing sunscreen while driving is important for those sunny days.14.) Cash This works nice if you find yourself needing to pay to park or buying from businesses that only accept cash for payment.15.) Entertainment Especially if you are traveling with kids, being in the car for long hours can be exhausting! Think of electronics, activity or coloring books, small toys, play games like I Spy, the alphabet or license plate game.For adults, consider podcasts or audiobooks, trivia cards or an app, word search or just a really good music playlist!Regardless of what you do pack in your car, enjoy the American Road Trip! Be sure to get plenty of rest along the way and enjoy America’s roadside attractions.If you have questions about your insurance, call the insurance agents at City Insurance Center in Lynnwood, WA. Because we are a local insurance agency, we live where you do and understand the unique options you have in the Lynnwood, Shoreline, Mountlake Terrace and Edmonds area for insurance. With years of insurance experience we can easily help you insure everything from your Home to your Auto or Business Insurance. Because we are an independent insurance agent, we can help you find the right company to fit your needs. You can also check out our website, 24/7.
Oregon Scraping Bottom in State Integrity Rankings Share. E-Headlines on December 31, 2015 By John A Charles Jr (Photo courtesy of TriMet.org)Over the past four years, TriMet and Metro have been planning something called the SW Corridor Project. Metro describes it as a multi-modal project featuring new transit capacity, local street improvements, and enhancements to trails, sidewalks, and bike lanes. The project will begin at Portland State, travel along Barbur Boulevard, and terminate somewhere near Tualatin.The exact nature of the transit element has never been disclosed; ostensibly, the choice is between light rail and bus-rapid transit. The Project Steering Committee insists that final decisions on the technology, route, terminus, and financial plan are still open for discussion, with some preliminary decisions scheduled for 2016.Curiously, however, at the November 11 TriMet Board of Directors planning retreat, the Board was informed (at 3:17:05) by project staff that opening day for the project has already been set: September 12, 2025.How is it that TriMet already knows the exact day that operations will commence, if it doesn’t even know any of the particulars – including a proposed, $250 million tunnel to PCC-Sylvania that would only be built if light rail is chosen?Apparently, all decisions have actually been made, and future public hearings will be just as fake as the past ones.All aboard for light rail to Bridgeport Village. Only 3,581 days till the opening ceremony!________________________________________John A. Charles, Jr. is President and CEO of Cascade Policy Institute, Oregon’s free market public policy research organization.www.cascadepolicy.org email@example.com Facebook LinkedIn Twitter Google+ Pinterest 0 Tumblr Email
Facebook LinkedIn 0 Ideal You Weight Loss Google+ By Share. on February 3, 2016 A Sensible Weight Loss Program that Teaches Dieters How to Eat Smarter & Maintain Their ResultsSince 2007, through Ideal You Weight Loss (IYWL), Travis and Katie Davis, RN, BSN have helped over 1,200 Central Oregonians lose 18,900 pounds and 17,330 inches.They warmly share, “We are humbled to look back at the hundreds of clients who we have already served and we are proud of the team we have in place to coach the steady growth of new dieters seeking us out. Ideal You is prepared for rapid growth spurred on by a shift from treating symptoms to preventative healthcare, as well as the availability of pre-tax medical spending programs. Losing excess fat improves pancreas function and lowers blood pressure. It is the ultimate preventative healthcare measure.”IYWL provides a medically managed diet service with a two pronged approach. First, clients are provided unmatched support. Clinic visits with weight loss coaches happen weekly. Medical profiles are developed for clients. IYWL maintains a close relationship with the dieter and their physicians. As clients get healthier, often medication reduction or removal is a result.Second, the clients are given a diet which includes foods found in the supermarket and a protein based product called Ideal Protein. It is available for all dietary restrictions including gluten, dairy, and meat.Utilizing professional support and Ideal Protein, IYWL has found clients are able to transition easily from dieting to regular healthy life habits. Although, after this transition off, clients are encouraged to come back for visits in the clinic for as long as they find helpful.Dieter Rene says, “This program changed my life and the way I will look at food forever. In a short five months, I lost 50 pounds! I am no longer taking blood pressure medicine and my cholesterol is perfect. I tell everyone I can about this program, not only because it was easy and it worked, but I feel better mentally and physically.”2500 NE Twin Knolls Drive, Suite 270, Bend, 541-678-2034, www.idealyouwlc.com, IYWL video https://www.youtube.com/watch?v=Sh1_Ki3J1OE(Photo above: Clinic | Photo Courtesy of Ideal You Weight Loss) Twitter Email E-Headlines, Healthcare Tumblr Pinterest
BOTS DON’T BUY: 5 Tips to Avoid Advertising Fraud 0 Share. By Tom Alexander CEO PK4 Media Twitter Tumblr Email Google+ Facebook on August 17, 2017 Pinterest LinkedIn President Ronald Reagan once famously said about the Soviet Union, “Trust but verify.” While digital advertising is not as much of an existential threat as the Cold War was, the principle of verification very much applies.Since bots don’t buy products or services, brands looking to increase revenue through digital advertising campaigns must demand transparency and understand how campaigns are measured.A recent study from WPP projects that brands will waste $16.4 billion in 2017 on fraudulent advertising traffic and clicks generated by bots. This would more than double the $7.2 billion lost to ad fraud in 2016 as reported by Advertising Age.In January, Procter & Gamble Chief Brand Officer Marc Pritchard challenged the industry to clean things up, “The days of giving digital a pass are over. It’s time to grow up. It’s time for action.”When the world’s largest advertiser speaks, people listen. Google, for example, has agreed to undergo an audit from the Media Rating Council that includes YouTube ad inventory as well as three of Google’s biggest third-party metrics companies: Moat, DoubleVerify and Integral Ad Science.As the CEO of the first Omni-Channel PMP media company, we champion transparency, take pride in our legitimate third-party measured results, could not agree more with Mr. Pritchard and applaud the efforts by Google and Facebook to regain advertiser trust.To help advertisers avoid ad fraud, we collected feedback from world-class clients and developed the top 5 tips to avoid advertising fraud.1) DON’T OVERRELY ON PROGRAMMATIC: Programmatic offers supposed reach but advertisers who rely solely on automation should be cautious. Nearly 30% of the $27 billion spent on open exchanges in 2016 was on invalid traffic (IVT). Many brands are turning to Private marketplace (PMP) companies instead because they have less fraud (12% vs. 30% industry average) and offers higher quality ad inventory on very reputable digital properties.2) MARRY TECHNOLOGY WITH HUMAN OVERSIGHT: Tesla and SpaceX CEO Elon Musk recently said, “If humans are to survive, we must merge with machines.” As more ads pop up on unapproved sites next to inappropriate content or fake news, brands are seeking more control. JPMorgan Chase Chief Marketing Officer Kristin Lemkau, said the company went from having ads on 400,000 websites down to 5,000 sites and be asserting more human control they saw little change in the ROI of their ad spend despite the dramatic drop-off in number of sites. It is all about quality placements.3) MANAGE PUBLISHERS USING TERMS AND CONDITIONS: IAB Standards 3.0 is the basis for all digital media contracts. Within these terms, there is a clause that calls out Sequential Liability. This can be paired with your own terms for the Insertion Order that states no IVT will be paid for. Make sure this is in place so you will not be charged for any impressions that MOAT classifies as IVT. While it is currently impossible to avoid IVT completely, companies that offer a premium inventory mode reduce fraud because publishers know they will not be paid for anything unauthorized. Using this model, PK4 Media has less than 3% IVT as measured by MOAT.4) INSIST ON THIRD-PARTY CAMPAIGN DATA REPORTS: Before signing a contract, confirm campaign performance reports will come from third-party measurement services such as MOAT or Integral Ad Science. While even these sites are in the process of being audited as mentioned above, they are still the industry standard to help mitigate the risk of advertising fraud. If anything, the independent audit will only make these sites stronger.5) FIND WORLD-CLASS DATA SCIENTISTS: IBM assessed that 2.5 quintillion bytes of data are created every day but 90% of it is never analyzed. They predict the demand for data scientists will soar 28% by 2020.The ability for data scientists to assess and turn data into revenue will be the biggest differentiator for businesses in the years to come.Digital advertising is evolving more rapidly than perhaps any other industry. Every day new opportunity is met with new risk. By following the four tips mentioned above, you will be able to mitigate the risk of fraud and maximize ROI on your digital ad spend.Tom Alexander is Founder and CEO of the advertising industry’s first Omni-Channel PMP Company. PK4 Media serves video and display ads across an unprecedented eight digital channels: Desktop, Mobile, Tablet, CTV, VOD, In-Mall, In-Theater and Digital-Out-Of-Home.The LA-based company, founded in 2009, has received 15 awards and growing list of Fortune 500 and world-class clients including: Activision, Amazon, Bacardi, Esurance, Ford, Honda, KitchenAid, Lionsgate, Microsoft and Procter & Gamble.PK4 Media has been named Ernst & Young Entrepreneur of the Year Semifinalist, LA Business Journal’s Best Places to Work, Deloitte’s Technology Fast 500 Winner, 2-Time Forbes Most Promising Company, 3-Time Inc 500|5000 Award Winner, 3-Time LA Business Journal Fastest Growing Minority-Owned Company and 3-Time LA Business Journal Fastest Growing Company.Alexander is a contributor to Advertising Age, Forbes, Entrepreneur, among others. E-Headlines
The City of New York is Investing $10M in VC Firms to Support Female EntrepreneursAugust 13, 2018 by Reza Chowdhury 584SHARESFacebookTwitterLinkedin The City of New York is committing $10M in investment as a part of a new program called WE Venture that will target investments in women-led early stage companies. Through the program, WE Venture will effectively serve as a limited partner in venture funds that specifically have a demonstrable track record of investing in women and other underrepresented groups.The City and New York City Economic Development Corporation (NYCEDC) has historically served as a catalyst for entrepreneurship in the city through various programs such as NYC Venture Fellows, NYC BigApps, and Take the HELM, but WE Venture is a groundbreaking initiative, the first of its kind in any municipality, to directly address disparities in the funding realm faced by women, at such scale.In an exclusive interview to learn more about the City’s vision for WE Venture, AlleyWatch had the chance to speak with Alicia Glen, Deputy Mayor for Housing and Economic Development. Glen’s previous experience as the Head of Urban Investment Group at Goldman Sachs and co-lead for the 10,000 Small Businesses Initiative will serve the City and the NYC startup community well in ensuring that New York City is a fertile ground for all entrepreneurs, irrespective of gender.Reza Chowdhury, AlleyWatch: The city is planning the launch of the WE Venture. Please tell us about that.Alicia Glen, City of New York: There are almost 359,000 women entrepreneurs in NYC, and women contribute approximately $50B annually in revenue. But men own 1.5 times the number of businesses, have 3.5 times the number of employees, and generate 4.5 times the amount of revenue.So what’s going on here? One of the biggest problems is that women aren’t getting the access they need to funding to build their businesses.WE Venture is taking that problem head-on.WE Venture will seek out venture capital partners who not only acknowledge the disparities women entrepreneurs face, but also demonstrate a track record of raising and deploying capital to companies owned by often-marginalized groups. Through an RFP process, we will create a funding consortium to facilitate investments in early-stage companies led by women, especially in the tech space. Our goal is to invest $10M alongside engaged VC partners who seek not only financial returns, but also share the City’s vision to serve as the top choice for diverse entrepreneurs in tech.Why is the city doing this and how did this come to fruition?The sorry stats on women’s startup funding come as no surprise to anyone who’s been in this space: Across the country, women are 36% of small business owners but only receive 2% of funding. Women of color, who comprise the fastest growing segment of entrepreneurship in the country, receive only 0.2%. In NYC specifically, 13% of all women seeking funding actually received capital; and only 1% of that small group were women of color.The root of the problem is a lack of diversity in the senior ranks of the VC firms dispensing this capital. Nationally, women are 21% of junior staff at VC firms and 8% of senior staff. Over the course of dozens of meetings with women VCs, entrepreneurs, and our Women Entrepreneurs NYC Advisory Board and Partners, we’ve come to the conclusion that without adequate representation of women, awareness of investment opportunities and willingness to commit capital will continue to be scant at best.The good news is that NYC has a very strong tech startup industry, and over $8B has been put to work in our city across 1,200 transactions since 2009. In fact, NYC was the only city in the US to have growth in the share of VC funding in the past 3 years.The strength of NYC’s startup economy gives us as an administration incredible power to move the needle here – and a lot of bang for our buck. Our bet is that a $10M City investment matched with approximately $50M in partner funding will be able not only to fund some great women entrepreneurs, but to serve as a model for cities around the country and around the world.What data supports the city’s proposed investment in VC funds that support women? I’ve always been a believer that women do better than men (call me biased, I’ll own it). And the data proves it! A great example is the research done by First Round Capital, one of the most reputable VCs in the business. With 10 years’ worth of data, they looked at 300 companies and 600 founders, and a number of characteristics – including value created for investors – that define success. Companies with at least one female founder on the team performed 63% better than the firm’s investments with all-male founding teams.Arguably, data-driven decision making – something the sector touts as its hallmark – should get another look.What would you say to naysayers who believe the role of the city is to champion entrepreneurship but not necessarily invest taxpayer dollars into it?It’s our job in government to intervene where there are market failures, and to correct that imbalance on behalf of marginalized groups. That’s precisely what we’re doing here. I shared the stats with you earlier, there’s a clear lack of capital flowing towards women-founded businesses despite equal or better results than their male counterparts, and we’re here to do our part to fix that.The venture cycle is a long one that will outlast this administration. What thinking has been done to ensure that there will be continuity in this program?WE Venture is an investment that is being made through the NYC Economic Development Corporation, an agency that has a number of strategic investments across sectors, many dating back before my time. That means that once the funds are committed into an investment vehicle, it’s hard for anyone to back out.Beyond that, I can only imagine that the next administration will be keen to support women, as they make up half our workforce and are huge contributors to our economy. Our own slate of programs to support women in business will help to foster a group of entrepreneurs who I’m sure will be powerful advocates for continued investment in leveling the playing field.Or to put it simply: It’s just good policy.What are the ideal types of funds that you are seeking to partner up with on this initiative?We’ve purposely left the RFP to be as broad as possible, and we are hoping that the City’s “seed capital” will be leveraged by VC funding that totals approximately $50M. Based on average investment size, we would expect to support between 40-50 investments across a range of businesses in the tech sector. Our primary aim is to work with VC partners who exhibit our same values and goals – to deploy capital to women entrepreneurs and help close the gender gap in this space. We expect interest from a range of partners, including women focused VC firms and strategic investment arms of large corporates who are focused on diversifying their investment pipeline.How can VC firms submit their interest?VC firms can submit their interest here prior to November 9th.PREVIOUS POSTNEXT POST Filed Under: #NYCTech, AlleyTalk, Funding, Venture Capital
Filed Under: Advice, Management, Resources, Strategic PREVIOUS POSTNEXT POST Implement change mechanisms. Every organization needs to have specific mechanisms in place to facilitate change, including regular effective communication, reward systems that reinforce desired change behavior, and accountability for results. These won’t work in an autocratic or dysfunctional management environment. Build a change readiness culture. Change readiness is hard work, and requires creativity sometimes in conflict with task orientation. People have to have the right attitude, and make the choice from the beginning to be ready to change at any time. They need a sense of urgency to handle change, and confidence in their leaders. Put your ear to the ground before charging ahead. Offer to give your executive presentation, but he may want just the elevator pitch. Listen, and follow his lead with confidence and enthusiasm. Don’t insist on a product demo – he is buying the business, not the product. If you have an hour, use no more than 20 minutes for presentation. Coordinate and brief your support team. Make sure all your advisors and team members know exactly what your mission is, and if possible, have at least one of them make prior contact to set the stage. If the investor thinks you are coming to ask for domain advice, and you ask for money, your success probabilities are shot. The solution is to establish and maintain a culture and processes that don’t view change as a discrete event to be spotted and managed, but as an ongoing opportunity to improve competitiveness. Chris Musselwhite and Tammie Plouffe, in a classic HBR article on change readiness for large companies, define it as “the ability to continuously initiate and respond to change in ways that create advantage, minimize risk, and sustain performance.”Since the startup environment is usually more volatile, the challenge there in balancing advantage, risk, and performance, is more critical than in big companies. The following initiatives that Chris and Tammie define for large companies apply just as directly to startups:Improve change awareness. How good are you and everyone on your team at proactively scanning the environment for opportunities, emerging trends, and customer feedback? This contextual focus is critical to innovation and survival – the right product at the right time. Increase change agility. Change agility represents a startup’s ability to immediately and effectively engage everyone in pending changes and innovations. It starts at the top with the founder and CEO, but has to extend quickly to the bottom of the organization. This requires leadership, teamwork, and trust at all levels. Fully prepare for the assault. Don’t try to talk and demo your way up the hill. Talk bounces off and won’t stop any bullets. Lead with your two-page executive summary, be prepared to give a ten-slide investor presentation. Keep your big guns, the business plan and financial model, in your holster but visible for backup. 5 Steps to a Winning Assault on the Army of InvestorsMay 15, 2019 by Martin Zwilling 344SHARESFacebookTwitterLinkedin Expedite change reaction. This is the ability to appropriately analyze problems, assess risks, and take responsibility for problem-dictated and market-dictated changes, while still sustaining the day-to-day business activities. It’s called the management of unplanned changes, or how well your startup reacts to crises. Don’t charge the hill until you are “ready.” This probably seems obvious to military types, but I see entrepreneurs violating this rule all the time. They approach key potential investors way too early, trying to talk their way up the hill, with no supporting business plan, and before they have a support team around them. Needless to say, they usually get shot down, and get no second chance.The first rule is to separate your advisors from your investors. Perhaps a close personal friend can be both (the earliest stage and first tier investors should be “friends and family”). But for angel investors and venture capital investors, just remember that investors are not on your team (yet). You only get one chance to make a great first impression.Continuing with my military analogy, here are some logistics, suggested ammunition, and an assault strategy (the bold points apply to every aspect of building the business):Do your reconnaissance first. Before you meet a potential investor, check them out on the Internet and through your advisors. You need to know exactly what the investor has done before, what he is doing now, and what will interest him If you walk into his office cold, and can’t convince him you meet his interests, you will walk out cold. Imbue customer change focus. The more everyone in the startup is obsessed with satisfying customer needs and providing better customer service, the more effective the startup will be in adapting to change. Provide direct customer contact to everyone, as well as training.Experts say that we live in a world where the pace of change is accelerating at the fastest rate in recorded history. On the other hand, change management practices seem to be changing very slowly, resulting in a 70% failure rate of change initiatives. Failure rates this high demand a new mindset and startups are the logical place for this to happen.For starters, the whole team needs to be constantly trained and encouraged to develop their skills. Relevant skills include continuous improvement of existing methods, processes and devices against a set of quality metrics. The ultimate skills, which lead to innovation and totally new processes, usually come from experimentation and special studies.In summary, change will happen. If your people and your startup do not change, statistics say you won’t survive. It’s up to you to get out of your comfort zone and make things happen in your startup, rather than let things happen to your business.Reprinted by permission. Follow up to assess progress or casualties. Have someone else, if possible, follow up with the investor the next day, to find out what really happened. If you didn’t learn anything from the meeting, you weren’t listening. Most VCs won’t volunteer to the Founder what they think, because that limits their options later.By now, you are probably saying that this is “old school;” when going to Sand Hill Road offices was like going to the principal’s office. There you were ushered into a gorgeously appointed conference room for a precise amount of time with a serious-looking partner. Now some VCs and angels actually hold court in a nearby Starbucks or Paradise Bakery.But believe me, investors are, if anything, tougher now than then. Don’t be fooled by the informality. Preparation, professional image, confidence, and strategy are just as important as they ever were. The strategy of “I’ll talk to him informally and early, find out what he doesn’t like, and then I’ll fix it,” is pure folly. Napkins don’t really work as your business plan.Some of the most prepared “teams” I have seen are essentially one person, with a few part-time advisors, who seem to overcome all obstacles. One person can look like an army charging the hill, if they use all the networking facilities of the Internet, all the tools available to build business plans, financial models, and product prototype.Don’t be afraid to use some mercenaries to back you up (outsourcing, consultants). All the shortcuts up the hill are rigged with minefields. Better safe than sorry. This is serious business.et that they too have to change rapidly and often as the market evolves. Too many find that out too late, and are left chasing a rabbit that is long gone.