Some interesting links we found across the web this week:
VCs Must Do a Better Job of Supporting Black Women Founders
Black women only receive 0.27% of all venture dollars in the US and 0.24% in the UK, and even well-intentioned investors may be unknowingly contributing to this paltry statistic. In this piece from TechCrunch, Victoria Pettibone, managing partner of Astia Fund, a global organization that invests in women-led companies, discusses the numerous barriers tied up in race and gender that are often overlooked or misunderstood by investors. The piece discusses the need for VCs to face and confront biases in their investments.
5 Tips For Growing and Expanding a Startup
The path to success is different for all startups and there isn’t a one-size-fits-all model. The transition from being an entrepreneur to becoming a company owner is often difficult for founders to navigate. In this article by Forbes, Matt Bailey, Founder & CEO of GameOn, a B2B technology business providing interactive social experiences around sports, television and live events, provides five tips for all founders to grow and expand their businesses.
4 Costly Compliance Mistakes Employers Must Avoid When Hiring Remote Globally
International hiring has increased rapidly as companies race to grow their remote teams. However, this hiring trend has meant that many companies forget to their homework regarding compliance in foreign countries. Startups might be hesitant to hire lawyers and specialists in each country where members of their team are located but noncompliance can end up costing more in money and reputation for a company. This Crunchbase article discusses four crucial compliance considerations that should not be overlooked when hiring internationally.
FBI Says Ransomware Groups are Using Private Financial Information to Further Extort Victims
In a recent advisory, the FBI has wanted private companies that ransomware groups are targeting companies involved in “significant, time-sensitive financial events,” like mergers and acquisitions, in an effort to coerce victims into paying their ransom demands. If victims do not pay the ransom quickly, ransomware actors threaten to disclose the information publicly, causing potential investor backlash. This article from TechCrunch discusses the recent attacks and strategies used by ransomware actors.
Research: How Management Practices Impact M&A Outcomes
It might seem like common knowledge that good management results in good business. However, in this survey, the Harvard Business Review was able to quantify the effects of structured management on mergers and acquisitions. The survey quantified management practices at more than 35,000 US manufacturing plants and found that firms with more-structured management were more likely to become acquirers, while those with less-structured management were more likely to be acquired. In addition, a more-structure management correlated with stronger performance in a number of financial success metrics.