Human Capital: The gig economy in a post-Prop 22 world
Welcome back to Human Capital and congrats on making it through one of the hardest weeks of the longest year.
Now that the Associated Press has called the election in favor of Joe Biden, it should be good news for DEI practitioners, who expressed some worry they’d be out of a job if Trump was allowed to continue on his path of destruction.
Meanwhile, over in California, the Uber and Lyft -backed gig worker ballot measure, Prop 22, passed. We’ll get into what that all means and the implications moving forward.
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Gig workers will continue being independent contractors in CA
As y’all may have seen by now, the Uber and Lyft-backed gig worker measure, Proposition 22, passed in California.
The current count is 58.4% in favor of Prop 22 and 41.6% in opposition. Below, you can see how mostly counties in Northern California along the coast drove the opposition.
Image Credits: California Secretary of State (Red = No, Green = Yes) (opens in …read more
Source: Tech Crunch
Long concerned about climate change, VC Steve Westly is feeling electrified
A former CFO of the state of California, Steve Westly is passionate about government. The onetime eBay exec and early Tesla board member has also been a proponent of clean energy for roughly 30 years, so he’s feeling optimistic right now, with former U.S. VP Joe Biden amassing a growing number of electoral votes and widening his lead over Donald Trump as he inches toward an election win.
We talked earlier today with Westly, who founded the venture firm The Westly Group 13 years ago and which is currently raising up to $250 million for a fourth fund, according to SEC paperwork filed earlier this week. We wanted to know whether he thinks Biden will be able to achieve any part of his climate plan in the likely scenario that Republicans continue to control the Senate. We also wondered what he makes of VCs leaving California, and where he sees the most opportunities right now. We kicked off our conversation with the news of the day. Our chat has been edited lightly for length.
TC: As we talk, Joe Biden looks to be on the cusp of winning the U.S. presidential …read more
Source: Tech Crunch