Some interesting links we found across the web this week:
By now, you’ve probably heard about the Business Roundtable’s statement on corporate purpose rejecting maximizing shareholder returns as the sole corporate objective. So what can we learn from already prioritizing social good over the more typical winner-takes-all mentality? This HBR article proposes that in order to really embrace this shift, we have to look at “zebras,” not unicorns, and take a hard look at alternatives to venture capital.
Going out and raising money is hard for a lot of reasons, but one of the biggest is trying to figure out what to tell investors your company is worth. There are a lot of factors that go into this number, but you shouldn’t lose sight of the long-term perspective. This article from Fast Company provides some advice on how to find your number, but also on the other factors to consider when finding investors, and why those other factors might matter more.
Assembly Bill 5 in California looks to classify gig workers as employees, rather that independent contractors, securing them minimum wage and benefits. This bill passed the California Senate, though has not yet been signed into law. This change would have major implications for the way companies like Uber and Grubhub operate in California, and this article by Business News Daily describes those implications, as well as how this bill could still be amended.
Unsurprisingly, female founders, when polled separately from their male counterparts, view the world and their experiences in it quite differently (other than their optimism—founders overall tend to agree their businesses will thrive). Covering everything from expectations at home to current political issues, the data in this Inc.com article is most interesting not for the insight into female founders, but for the illuminating comparisons with the same questions asked to the Inc. 5000 CEOs.
FinTech seeks to change the way banking is done, and in the space have largely been ahead of bigger institutions in terms of innovation. If the big banks don’t want to get pushed out, they’ll have to start reevaluating their services in earnest, and take their cue from those . This Forbes article discusses five current trends, what they are doing, how the bigger tech companies are getting into the space, and ways larger banks should consider responding.