Commonwealth Club Of California Podcast

Despite economic headwinds and job cuts, companies backed by venture capital—including many in the Bay Area—drive the U.S. economy, accounting for hundreds of billions of dollars in sales and profits. However, most of this wealth winds up enriching entrenched investors and favored private interests, further widening economic inequality. Two well-known technology investors and entrepreneurs, Mitch Kapor and Freada Kapor Klein, have committed their lives to doing things differently and finding ways to close these equity gaps. As they explain in their new book, Closing the Equity Gap: Creating Wealth and Fostering Justice in Startup Investing, Kapor and Kapor Klein build on their work at the Oakland-based Kapor Center and Kapor Capital, two institutions that invest in seed-stage tech startups focused on closing gaps of access, opportunity and outcome for low-income communities and communities of color. They share their core beliefs that all companies must make a positive impact. They share stories behind some of