b corporation

Back to The Future of a Higher-Minded Austin With a New University Devoted to That Idea

I’ll give the benefit of doubt to the new University of Austin (UATX), which can bring together a young MAGA Republican and a student activist in Black Lives Matter and help them listen to one another, politely debate, and even find a bit of common ground.

It’s a hard thing to define, this “Austin ethos”, of culture, music, livability, and a progressive outlook, all coming together for decades to make our city such a unique place. But an even harder challenge, we are discovering, is protecting and nurturing these abstract but very real civic virtues to help us chart the future amid breathtaking change – from the metamorphosing skyline to endless transportation woes to the transformation of the economy.

As a native of this city, I’m proud that we’re a microcosm in many ways of the best of future-focused America. At the same time, I have a growing concern that we also are becoming a microcosm of our nation’s new failings, in particular with the collapse of civility, the instincts of polarization, and the us-versus-them attitudes that frame so many uncompromising debates. I hardly need to mention how this collapse into grievous division is smothering us nationally, or even internationally. While writing this essay, the Wall Street Journal posted a poll finding that just 58% of Americans believe that tolerance for others is very important, down from 80% just four years ago. Sadly, the mood here is similar to this malaise at our doorstep.

Two incredible years at data.world

On July 11 we celebrated our second year anniversary of data.world being live.  We had a great time at SPiN in the first ever OWL Cup (the ping-pong championship) during the same week as the World Cup in the finals.  It was a real upset, and you should ask us about it (as well as why OWL is all in caps) the next time you see us in person.  We don't have to spill the beans on everything publicly!

But we did make a decision about how public to be in the release of our first ever Public Benefit Corporation Report.  As a Certified B Corporation®, we are required by Delaware corporate law to report how we are fulfilling our public benefit purpose to our private shareholders every two years.  Given our love for the data.world community, which is now the largest collaborative data community in the world, we decided to make our PBC Report public for all to read.  You can read it here, and it really has been an incredible two years.  I won't repeat the report here, as we all collectively put a lot of time into writing it, but I will say how proud it makes us to be a B Corporation.  A lot of people don't understand B Corporations, thinking that they are social businesses that don't focus on financial performance or making money for their shareholders.  That couldn't be farther from the truth - our business plan includes us becoming a top-tier financial performer and we are doing our best to generate a large shareholder return.  We are fortunate to have raised $33.3 million from such a prestigious and helpful group, and we are very serious about performing well for all shareholders, including ourselves.