Elon Musk and Twitter’s People Problem

Emmet McGonagle

Aug 23, 2022

Elon Musk’s effort to walk-back a $44 billion US agreement to acquire Twitter continues with the subpoena of former Twitter CEO Jack Dorsey (source: CBC).


The Tesla CEO claims Twitter failed to provide adequate information about the number of "spam bot" accounts on the platform; and breached their agreement by firing a significant number of employees, including prominent managers at the social media company.


On the other hand, Twitter has subpoenaed tech investors and entrepreneurs connected to Musk such as venture capitalist
Marc Andreessen and PayPal’s founding COO, David Sacks.


Discussing risk and rewards at Valhalla Private Capital’s member-only ‘Ask An Expert’ event last year,
Faz Bashi, chair of the medical device screening committee of Life Science Angels US, hailed people as the “connective tissue” of angel investing.


“This is a people business - everything that we do is all about people,” he began. 


“If you don't have the network, then I would expect that your advisory board members are there specifically for that reason, because they have a network.”


This viewpoint was also held by Randy Stewart Thompson, chairman of Valhalla Private Capital, managing director of Old Kent Road Financial and co-owner of Peterborough United Football Club, who claimed that “your board tells people everything they need to know about what your plan is”.


“Don't get your cousin to be on your board of directors, that tells me everything I need to know,” he added.


Likewise,
Ziad Moukheiber, president and CEO of Boston Harbor Angels, maintained that “the best entrepreneurs are the ones who understand investors”. 


Using his family’s experience in ski racing as a focal point, the Boston Harbor Angels president urged members to "look two or three gates ahead, [instead of] the gate that's coming up".


Do you have a question about angel investing? Get in touch with Valhalla Private Capital via our
contact page.

By Emmet McGonagle 01 Dec, 2023
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By Emmet McGonagle 29 Nov, 2023
More than half of workers believe that disclosing worker compensation details on job postings will lead to better equality in pay, according to the latest iteration of LinkedIn’s Workforce Confidence Index . The index - which is based on a survey of 3,302 members in Canada between June and September 2023 - found that 52% of people asked felt that people sharing their pay information (including salary and bonus) would improve workplace equality, compared to 48% in 2022. This number varies between different generations, with younger Canadians more likely to express support for pay transparency (73%), followed by 69% of Millennials, 46% of Gen X and 44% of Baby Boomers. However, 37% of those surveyed remarked that they felt anxious about sharing their pay information - a 2% rise from the year prior. Likewise, just under half (49%) said they felt well compensated for the work they do while 74% expressed that the pay gap between CEOs and employees had become too wide. The people of LinkedIn have come out in their dozens to give their two cents on the topic, with Adrienne Tom , executive resume writer for executives, saying: “ I'm all for salary transparency, so long as the number is clear and legit. Some postings list salary ranges so wide that the actual salary number isn't entirely clear, leaving job seekers confused.” “If you have a manager who is not advocating for the pay gap, you are working for the wrong manager,” remarked career strategist Sweta Regmi , while noting that women in Ontario earn an average of $0.87 for every dollar earned by men. On the topic, she added: “Salary ranges with job postings can help close the gender pay gap while allowing companies to find qualified candidates more quickly.” Do you have a question about angel investing? Get in touch with Valhalla Private Capital via our contact page .
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