FORTUNE raceAhead: Five Breaking News Haikus

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FOLLOW subscribe SHARE May 31, 2019 Here’s your week in review, in haiku.   1. It keeps on rainin‘, and risin’, and blowin’ hard: levee’s goin’ to break   2. I wanted to read the new Jussie papers, but I was just too sad   3. I did, however, read the R. Kelly news…I think I’ll have it framed   4. I once thought planning a summit was stressful work! I was so, so wrong.   5. We will remember those who returned women to back alleys to die.   Wishing you a sunny and calm weekend. . On Point Are you ready to change the world? Fortune launched the Change the World list four years ago, which features companies that are dedicated to bringing purpose to their profits, by making measurable progress addressing important social issues. You can see previous years' lists here. Here's where you come in: Who do you think is changing the world? We welcome your nominations, including your own firms, of course. Entries are vetted by Fortune  writers and editors, with help from the non-profit Shared Value Initiative. It's not philanthropy we seek, instead, we're looking for "measurable and significant" social impact that's part of a profit-making business. The list is slated for August, check out our application page below. Change The World With Fortune Ava DuVernay's "When They See Us" has dropped on Netflix I got up early to begin my own journey, and it is everything you would expect from a visionary artistbent on correcting a deeply disturbing record…and yet so much more. All four episodes are available now, and I cannot recommend it highly enough. To deepen your understanding between episodes, enjoy this extraordinary interview between the actual men and the actors who played them, and then this piece with the filmmaker which helps explain why this re-telling is so essential: First the system destroys you, then it dictates how the story gets told. Netflix Yale elects its first-ever African American student body president Kahil Green is a junior, an economics/political science major, and is ready to lead. "I feel like I wanted to kind of amplify the voices of the underserved communities on campus, especially students of color," Green told  Fox 5news, the local DC affiliate that is proudly claiming the Montgomery County native. "So being the first black president, I feel like I'm in a position where I can really do that." The Root's Monique Judge puts the moment into perspective. Yale, founded in 1701 is the third oldest university in the country, and one of the nine Colonial Colleges, founded prior to the United States becoming a sovereign nation following the American Revolution." That's 318 chances to let a black student lead. "It still boggles the mind that we continue to experience these 'firsts' in the 21st century, but there is a certain amount of pride tied to seeing a black man do this," she writes. The Root Milwaukee to America: Racism is a public health crisis Milwaukee needs to lead the way; it was determined to be the most segregated city in the U.S. by the census bureau in 2017, it's home to the neighborhood with the highest number of incarcerated people, and has been a safe harbor for decades of racist redlining and lending practices.  Dr. David Pate, chair of social work at the University of Wisconsin-Milwaukee broke it down on CBS News. "What the city of Milwaukee…is saying that we have to attend to the historical issues that have plagued the city of Milwaukee for a long time," he says, citing dangerously substandard education, employment, housing, and health care. Pate says the new framing turns the issue into a public policy conversation about structural racism and the cost of inequity. Folks from the Harvard School of Public Health and the American Public Health Association are applauding somewhere. CBS News . On Background   Humans who identify as men: Get up, stand up Inclusion expert and raceAhead treasure Paolo Guadiano wants men to be very, very concerned about any resistance to the cause of gender equality. Women already bear the brunt of sexual violence, they are treated unequally in the workplace and they are underrepresented in political and  corporate power structures," he begins, pointing out how much more serious it is for non-majority culture white, non-disabled women. And he is not here for managers sliding out of their mentoring duties for fear of being caught up in an imaginary #TimesUp snare. "There is no doubt in my mind that the current backlash against women will be followed by an even more dramatic push toward gender equality," says, bringing the optimism. "However, achieving equality will take too long if women have to face these assaults on their own." Forbes It's been thirty years since "Stand and Deliver" The film was a revelation, back in the day, written and directed by Cuban-American filmmaker Ramon Menendez and starring Edward James Olmos. Writer Carlos Aguilar correctly notes that Olmos, an East Los Angeleno, has been a tireless voice for better Latinx representation in the media, and "there has never been stronger synergy between his off-screen efforts and a character he's embodied than in the 1988 classic Stand and Deliver ." The film is based on the true story of Bolivian teacher Jaime Escalante, who made headlines for helping low-income Latino students to pass the challenging AP Calculus test. It was screened at this year's Panama International Film Festival (IFF Panama); watching it moved Olmos to tears.  Click through for an extraordinary interview."Watching my performance, I realized what he gave us, it was like catching lightning in a bottle and we did it," he said. Olmos remains the only US-born Latino to ever earn a Best Actor nod. Remezcla Meet some of the women of color who are fighting for abortion rights in Georgia This story highlights five, Georgia state representatives Dar'shun Kendrick, Park Cannon, Renitta Shannon, Sandra Scott, and Erica Thomas, who have spent the last few months trying to fight against Republican-led attempts to eliminate access to essential health care services for women. While the newly signed abortion restriction law might be considered a setback, it certainly disproportionately impacts black women, the women are energized by a clear path forward. What's most instructive about this story is their unapologetic authenticity. There has been no agonizing about a lack of trailblazers, no attempt to assimilate. "I made it really clear in our campaign who we were," Cannon tells Refinery 29. "That I was raised in a household with domestic violence, that I was openly part of the queer community, that I wasn't afraid to be pro-choice and to shout my abortion story." Turns out, the community could handle it. Refinery 29 . content from SAP Link their people experience to financial performance Together, Thrive Global, Qualtrics, and SAP SuccessFactors are giving companies the ability to link their people experience to their financial performance. Learn more about this revolutionary initiative . . Quote At what point did we cross the line from the fine and noble pursuit of genuine civil liberties to the reckless and dangerously permissive atmosphere which allows criminals of every age to beat and rape a helpless woman and then laugh at her family's anguish? I want to hate these murderers and I always will. I am not looking to psychoanalyze or understand them, I am looking to punish them. I no longer want to understand their anger. I want them to understand our anger. I want them to be afraid. —Donald J. Trump . EMAIL Ellen McGirt subscribe share: . This message has been sent to you because you are currently subscribed to raceAhead Unsubscribe here Please read our Privacy Policy, or copy and paste this link into your browser: http://www.fortune.com/privacy FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice. For Further Communication, Please Contact: FORTUNE Customer Service 225 Liberty Street New York, NY 10128 Advertising Info | Subscribe to Fortune

Term Sheet: May. 31, 2019

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FOLLOW subscribe ANON TIP May 31, 2019 CHANGING LOCATION Good morning, Term Sheet readers — I'm back! Foursquare is coming in hot with a slew of news this morning. First, the location tech company announced that it raised $150 million in fresh funding from investors including The Raine Group. It also acquired Placed, a location-driven insights and mobile ad intelligence platform, from parent company Snap. Financial terms of the deal weren't disclosed.   . .   Foursquare plans to merge Placed with its own ad-effectiveness-measurement product and rebrand it as "Placed powered by Foursquare." Both companies help advertisers learn how effective their ads are by matching people exposed to an ad to a group of users who have opted in to have their location tracked. The deal comes only two years after Snap bought Placed for $135 million. (Anyone know what happened to Placed at Snap & why that didn't work out? Very curious what's happening inside that company.) Placed founder and CEO David Shim will bring over his team of ~80 employees and become president of Foursquare. Last year, Term Sheet reported that Foursquare's then-president Steven Rosenblatt left the company to start his own early-stage venture. Foursquare launched in 2009 as a consumer app that allowed users to "check in" and share their location with friends, but it later pivoted to an enterprise player to provide location data and software to businesses. (In 2017, I spoke with Foursquare's Dennis Crowley for a story in which he recounted the moment he realized he was no longer the right person to lead the company he co-founded. Read it here.) BIG MONEY: I was sitting directly under a gigantic ad for Brex at San Francisco's airport yesterday as I read an article about Brex's new funding. The company, which provides corporate credit cards to tech companies, is raising a new funding round at a valuation north of $2 billion, according to Bloomberg. Kleiner Perkins is expected to lead the round, represented by Mood Rowghani, who was also an investor in Stripe. As I reported recently, Meeker, Rowghani, and the rest of the team (who are no longer at Kleiner) have allocated and committed all of the remaining capital from Kleiner's third growth vehicle and will be making investments from their first fund out of venture firm Bond. PRESS PLAY: When Goldman Sachs and J.P. Morgan are making podcasts, you know things are getting weird. Virtually every major investment bank—including Goldman Sachs, JPMorgan Chase, Morgan Stanley, Barclays, UBS, and Deutsche Bank—now has at least one podcast of its own. These programs are usually launched with branding and marketing goals in mind, and are also often used to deliver banks' research and market commentary on a wider scale and in a more engaging format. My colleague Rey Mashayekhi reports: Barclays has embraced a slightly more experimental format in launching its latest podcast, "The Flip Side." The show embraces a debate-like structure in which regular host Jeff Meli, the investment bank's global head of research, squares off against another economist at the firm—with each taking a particular side on hot-button issues ranging from corporate tax cuts to the state of "big tech." Meli says the idea for "The Flip Side" originated during an off-site session in which Barclays economists held an "interactive," back-and-forth debate about the state of the economy—a departure from the usual format of "a speech [featuring] someone standing up there with slides." "We realized that the typical audience for research pieces normally just see the answers that we come up with; they don't see the internal debate that happens to arrive at that answer," Meli tells Fortune. "With some of the most nuanced questions, there are alternative viewpoints that can be as valid and worth considering." Read the full story here. . . VENTURE DEALS • SmartRecruiters, a San Francisco-based recruiting platform, raised $50 million in Series D funding. Insight Partners led the round, and was joined by investors including Mayfield Fund and Rembrandt Venture Partners. • EndoGastric Solutions, a Redmond, Wash.-based medical device company focused on treating GERD, raised $45 million. Investors include Accelmed. • Swimlane, a Denver-based security orchestration, automation and response vendor, raised $23 million in Series B funding. Investors include Energy Impact Partners. • Welkin Health, a San Francisco-based patient relationship management software company, raised $17.5 million in Series B funding. Altos Ventures led the round. • BabbleLabs, a Campbell, Calif.-based speech technology startup, raised $14 million in Series A funding. Dell Technologies Capital and Intel Capital led the round. • xtraCHEF, a New York-based cloud-based restaurant management platform, raised $7.5 million in Series A funding. MVP Capital Partners led the round, and was joined by investors including ValueStream Ventures and Laconia Capital Group. • Altoida, a Switzerland-based health tech firm, raised $6.3 million in Series A funding. M Ventures led the round. • Pico, a New York City-based provider of audience relationship management solutions, raised $4.5 million in seed funding. Precursor Ventures and Stripe led the round. . HEALTH AND LIFE SCIENCES DEALS • Thrive Earlier Detection Corp, a Cambridge, Mass. and Baltimore-based company focused on incorporating earlier cancer detection into routine medical care, raised $110 million in Series A funding. Third Rock Ventures led the round. • Whole Biome, a San Francisco-based evidence-based microbiome company, raised $35 million in Series B funding. Sequoia Capital led the round, and was joined by investors including True Ventures, Khosla Ventures, Mayo Foundation and AME Cloud Ventures. • TFF Pharmaceuticals Inc, an early-stage biopharmaceutical company focused on treating chronic respiratory diseases and lung conditions, raised $8.17 million in funding. The investors were not named. . PRIVATE EQUITY DEALS • Ampersand Capital Partners acquired Vibalogics, a Germany-based contract development and manufacturing organization focused on complex live biological products. Financial terms weren't disclosed. • Mountaingate Capital recapitalized MeritDirect LLC, a Rye Brook, N.Y.-based provider of multi-channel B2B database products and services solutions. Financial terms weren't disclosed. • ShootProof, which is backed by Providence Strategic Growth, acquired Tave, a provider of studio management solutions. Financial terms weren't disclosed. . OTHER DEALS • Pantheon acquired StagingPilot, a provider of website update automation solutions. Financial terms weren't disclosed. . IPOs • Adaptive Biotechnologies, a Seattle-based maker of an immunosequencing platform for diagnosing diseases, filed for a $230 million IPO. It posted revenue of $55.7 million and loss of $46.4 million in 2018. Viking Global (36% pre-offering) and Matrix Capital (16.4%) back the firm. Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Cowen, Guggenheim Securities, William Blair, and BTIG are underwriters.  It plans to list on the Nasdaq as "ADPT." Read more. • Watches of Switzerland, the watchmaker behind Rolex and Cartier, raised $277 million in a London offering. Read more. • Morphic Holding, Waltham, Mass-based maker of oral small-molecule integrin therapeutics for various chronic diseases, filed for an $86 million IPO. It posted revenue of $3.4 million in 2018 and loss of $23.8 million. GlaxoSmithKline (9.8% pre-offering) and Pfizer (9.3%) back the firm. Jefferies, Cowen, BMO Capital Markets, and Wells Fargo Securities are underwriters. It plans to list on the Nasdaq as "MORF." Read more. • Aluflexpack, a packaging maker, is expected to launch an IPO next week in Zurich raising roughly $99 million, Reuters reports citing sources. Read more. . EXITS • Palo Alto Networks agreed to acquire Twistlock, a Portland, Ore.-based provider of container security solutions, for $410 million. Also, Palo Alto will buy PureSec, an Israel-based provider of severless security, for an undisclosed amount. Twistlock had raised approximately $63 million in venture funding from investors including Iconiq Capital, YL Ventures, TenEleven, Rally Ventures, Polaris Partners and Dell Technologies Capital while PureSec had raised approximately $10 million from investors including Square Peg Capital, Entree Capital and TLV Partners. . SHARE TODAY'S TERM SHEET View this email in your browser. Polina Marinova produces Term Sheet, and Lucinda Shen compiles the IPO news. Send deal announcements to Polina here and IPO news to Lucinda here. . Email Polina Marinova subscribe share: . This message has been sent to you because you are currently subscribed to Term Sheet Unsubscribe here Please read our Privacy Policy, or copy and paste this link into your browser: http://www.fortune.com/privacy FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice. For Further Communication, Please Contact: FORTUNE Customer Service 225 Liberty Street New York, NY 10128 Advertising Info | Subscribe to Fortune