“I would like to add my previous criticism of the Anthony Wood interview with my deepest appreciation for the Chelsea Fagan interview. It is in stark contrast to the former that I was compelled to amend my review.
Chelsea Fagan should be commended for her approach to entrepreneurship. Her point of view is so refreshing. It is an approach that I have strived for in my own entrepreneurial journey. The growth at all cost narrative is arguably the single largest factor when it comes to contributing to wealth inequality.
Creating a business on sustainable and inclusive principles is entirely what is needed to solve wealth inequality and Chelsea has an insightful grasp on this approach to growing a business. The growth at all cost narrative divides and distracts and not amplifying that fact perpetuates it. Chelsea is amplifying this in a way that isn’t too preachy. But I digress. Thanks again Guy for amplifying her voice.
The Anthony Wood episode was insightful - I appreciated question about his wealth, I did not appreciate the answer. When founders sign term sheets they more often than not wire inequity into their business models as well. When there is someone as brilliant as Anthony is, he has more power than most to set the operating terms for investors. But because we do not hold founders accountable for this aspect of contributing to the wealth divide, they do not take this great power with the great responsibility that it deserves. (Sorry for quoting Spider-man), hence they end up with more money than they can spend in several lifetimes. in addition they leave the decisions for how that wealth gets distributed to a wealthy few and the industry of philanthropy which perpetuates harm. If we hold these billionaires more accountable for the decisions they make before they become billionaires (at the startup stage) then we will start to see a society with more balanced equity. Listen to my Podcast Spread Love FM for more on this. Episodes 10 & 12 with more on this coming. Thanks for reading.”
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