Welcome to Thursday.
Six months ago I was ready to move. Leave my new life in Charlotte, North Carolina, to join my tech friends who traded space for Oakland’s proximity to the action of Silicon Valley.
Despite being a huge advocate for talent and infrastructure in cities outside of the go-to spaces for innovation, I felt periled by the small movement toward ecosystem-building in my local community. Dumbfounded by slow-to-move policies, confused by a generation of leaders that can’t figure out how to disperse the $500,000 in funding set to help grow businesses in the city, and baffled by an investor community that refuses to equate more than one way to build a ship as an opportunity to build substantive products and services.
Yesterday, I took a walk in third ward park, deep in a phone conversation with Patrick Hill, developer, father, and CEO of a Cultivated Mindset. He frequents cities like Atlanta and New York to raise his money, and yet refuses to leave.
Where others have snatched up $30,000 off a powerpoint presentation and a hope, he’s struggled to raise half that much with a product already 75% built.
And yet, he’s stayed.
And for all of my gripes, I see how folks like him are calling out the disparities and staying rooted to help change the culture.
For all my small-town friends, I feel you. Will you stay?
The initiative, called the Impact Lending program, will enable local small-business owners to secure loans, at below-market interest rates, to acquire crucial resources to expand their businesses.
JOHN O’NEIL | NORTHEASTERN.EDU
This is not Facebook’s first time wrestling awkwardly with partisan politics.
DAVEY ALBA | WIRED
Cornell Dedicates Engineering School, Funded by Alumnus
Cornell celebrates dedication of the Robert Frederick Smith School of Chemical and Biomolecular Engineering, a testament to the benefactor’s $50 million donation.
RUBY YU | CORNELL SUN
Quartz on Wednesday launched its first non-English product, La Agenda, a Spanish-language version of its daily Daily Brief email newsletter that targets readers in Latin America and Spanish speakers in the United States.
JOSEPH LICHTERMAN | NEIMAN LAB
Ariel Investments CEO, Mellody Hobson discuss the impact of the year’s biggest corporate deal.
MADELINE STONE | BUSINESS INSIDER