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Coronavirus = Hunger in Africa

Over a month ago I warned that the coronavirus pandemic is more than a health crisis in Africa (and the rest of the emerging market countries). Last week I posted the first signs of that coming crisis. It’s here. WATCH: Thousands of people in South Africa stand in a line over two miles long to receive food amid the coronavirus crisis. pic.twitter.com/2rzl2SLHV8— CBS News (@CBSNews)...

Sharing Equity with Employees

There are a few aspects of venture capital whose origins are lost to history. One of these is the 20% stock option pool. Or more simply, the idea that everyone in the startup should own (at least a small amount of) the equity. Does this idea date all the way back to Rock and Davis, or did it come later? Why 20%? Why not 10% or 33% or 50%? Was this idea ever debated, or did one VC decades ago tout...

America Started with Capitalism

The story of the Pilgrims and the Mayflower taught to every American child in every American school is less than half of the actual story. Obviously there are a lot of day to day details left out, but the most striking of the omissions is the fact that the endeavor was a for-profit business. The corporate side of this story is told in the first chapter of Americana: A 400-Year History of American...

The Coronavirus Hunger Crisis

If 200,000 (on the way to 400,000) deaths from Covid-19 were not enough to worry about, there is the coming hunger crisis across at least half of the world caused by the lockdowns and economic collapse. I predicted this a month ago and have been talking almost daily with entrepreneurs in Africa with actual stories of the food system collapsing. The New York Times wrote about this crisis a few...

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