The Allegation for Disability Discrimination-Samples for Students

Question: Exhibit a capacity to fundamentally assess contemporary hypothetical and observational discussions about the idea of weakness and incapacity. Answer: The charge for incapacity victimization Starbucks is legitimate. Truly, the point of view is for the most part from the workers side. The prime explanation that I discovered is that the worker, Meseret Kumulchew, when fills in as a director, she is very much aware of her duty from the time she is enrolled. Because of Dyslexia, the concerned association put charges that she has misrepresented the information while recording the water and cooler temperatures. The charge for this situation isn't right is on the grounds that, the association thinks about her ailment and in this manner, lost the body of evidence against inability segregation. It is likewise obvious that an association needs to play out their business work appropriately and they need to keep up their efficiency with the benefit. Anyway in this the claim on the worker for distorting the records is extraordinary. The association ought to need to think about the enthusiastic equalization of every representative. For this situation, the casualty occasion took endeavor for self destruction and face mental injury during those days. Right off the bat, the business ought not fault abruptly on the representatives with respect to their devotion for the association. Starbucks for this situation additionally hold fast to the 2010 Equality Act and permit more opportunity to the representative to finish her work or give her some assistance so she could achieve her obligations inside time. The business can direct an up close and personal gathering to examine about the issue as opposed to fault on her that bring about a legal dispute, which then again, hampers the brands notoriety. As indicated by the British Dyslexia Association, it is suggested that all associations must make sensible alterations and plan essential hierarchical arrangements so individuals with minor and significant inability can't confront any test to finish their day by day work jobs and duties. References BBC News. (2017). Starbucks representative successes dyslexia segregation case - BBC News. [online] Available at: https://www.bbc.com/news/uk-35521061 [Accessed 21 Aug. 2017]. Turner, C. (2017). Dyslexic representative successes segregation body of evidence against Starbucks. [online] Telegraph.co.uk. Accessible at: https://www.telegraph.co.uk/news/shopping-and-buyer news/12148217/Dyslexic-worker wins-segregation body of evidence against-Starbucks.html [Accessed 21 Aug. 2017]. Weaver, M. (2017). Dyslexic worker wins segregation body of evidence against Starbucks. [online] the Guardian. Accessible at: https://www.theguardian.com/society/2016/feb/09/dyslexic-representative successes separation case-starbucks [Accessed 21 Aug. 2017].

Personal Health Change

Individual Health Change Presentation Improving the nature of one’s life is basic in the current century. Training, foundation of greater business openings and private wellbeing in life are among the destinations which self-satisfy a person. The ways of life people are acclimated with and their condition sway solid conduct. Promoting We will compose a custom article test on Personal Health Change explicitly for you for just $16.05 $11/page Learn More However, there are a few different ways of improving individual wellbeing, which may on occasion present difficulties in their execution. The advantages of the greater part of these solid practices in any case cloud the obstructions which are confronted. Picked solid conduct I might want to practice all the more routinely (5-7 times each week), while attempting to build up a nourishing arrangement. This calls for having a significant vision and gaining abilities important to accomplish the ideal health. Physical movement, vigorous exercise and muscle prep aring are a portion of the divisions of activity which incorporate an effortless brief stroll to an increased work out in the rec center. Moving and taking part in a physical game like b-ball or tennis is likewise types of roundabout exercise. The excellence of certain activities is that they don't really include a daily schedule. Strolling, for instance, might be regulated at whatever point an open door cuts itself out. These types of physical movement animate hormones which are fundamental for appropriate development. Its different advantages like inclination and looking better lift levelheadedness and improves character, attributes which are basic in the ordinary human socialization process. Utilizing the steps rather than the lift and cycling to work are other important procedures which are not that difficult to accomplish. My primary center will be participating in work out, yet I will likewise take a stab at keeping up a decent eating routine. My nourishing venture includes ta king more products of the soil and keeping away from lousy nourishment which for the most part has a great deal of fat. I have thoroughly considered transforming into vegetarianism, however it has demonstrated to yield a bigger number of difficulties than benefits, so I will lean toward including more nutrients in my eating regimen. Purposes behind creation this wellbeing change Health isn't just about whether an individual is tested by an illness. I decided to make this condition change so as to advance my physical, social and enthusiastic prosperity. Physical exercises help lessen weight and advance better rest paying little mind to age or manliness. I might want to diminish 30 pounds that I am overweight, and keeping in mind that keeping an eating regimen might be compelling and not all that achievable, utilizing clear exercise systems will be my first decision of a wellbeing change.Advertising Looking for paper on wellbeing medication? We should check whether we can support you! Get your first paper with 15% OFF Learn More Being glad for my physical make-up would altogether help with building up the social associations I need. The perceptions I have made on the conduct of overweight understudies in school isn't so alluring. They will in general bunch together and get insulting remarks, which bring down their confidence throughout everyday life. I need to make a wellbeing change so as to keep up palatable associations with my current companions and have the option to discuss certainly with others. Provokes liable to be confronted Emotional help and the conduct others rally will undeniably introduce a test. Dear companions and affiliations will assume a focal job in affecting my preparation plan and the eating regimen I mean to keep up. Gathering exercises would in this way stop, on the grounds that my calendar will require singular exertion without interruptions. In any case, the best test will pick the most proper exercise to rehearse consistently. It is b asic to have a normal arrangement on the off chance that I am to accomplish my targets. Booking, order and assurance will be the elements considered in picking a relevant practice. It would be futile sensibly to participate in an exhausting muscle application and put in heaps of hours in the rec center just to surrender following seven days. Settling on the choice would be exceedingly troublesome, considering I have not occupied with any pragmatic exercise for some time. Time will likewise be an impediment as I am essentially connected with either schoolwork or residential obligations. At whatever point one gets occupied, the time appointed for exercises is typically relinquished. I have inspected explicit clinical articles, and the negative effects of activity others have encountered altogether drive me away. There are the individuals who experience colds or running noses really busy instructional meetings. Different coaches gripe about breathing issues and parting cerebral pains a fter meetings. Encountering no progressions when they expect them will demonstrate disappointing. In the event that the training I utilize doesn't yield noticeable outcomes inside the primary month, at that point I may change the type of activity or obviously give up. Methods of beating the difficulties My present state of being requests for normal exercise despite the difficulties I would confront. I have elevated cholesterol for a youthful multi year old, so as to live more and more beneficial, I need to participate in some type of physical action. The greater one gets, the harder it is practice a few schedules. I would be in this manner required to finish a considerable wellbeing change before I begin enduring pointless humiliations. Exercise is normally difficult and may include a great deal of wearisome action. This will demonstrate exhausting and I anticipate maintaining a strategic distance from certain duties. Be that as it may, concocting strategies to make it agreeable wou ld be significant. Practicing while at the same time having a fabulous time would verifiably rouse me in the activity to improve health.Advertising We will compose a custom article test on Personal Health Change explicitly for you for just $16.05 $11/page Learn More I consider doing my activities at home using exercise recordings. This will lessen the awkward circumstances experienced in exercise centers which may make one awkward. The utilization of some perplexing machines may likewise decrease the regard of a person. Defining reasonable wellness objectives would be required relying upon the example of physical action. Studies show that most types of training would require consistency for around four months before creating physical advantages. It is required to see how various methods work, to what extent they take to introduce noticeable or mental outcomes, and how best to save the procedure. Advantages of solid conduct The cholesterol issue will leave; I will look more beneficia l and hotter and will have a solid body simply like in secondary school, and will live longer. Having a fit body, appropriate stance, readiness and muscles will straightforwardly make the effect I want with the other gender. Taking part in physical movement will assist me with consuming the additional calories subsequently aid the management of my weight, which is a significant issue at present. Physical action improves fixation; any movement, which includes mindfulness, supports the mental procedure thus expanding sharpness and scholarly center both in class and later years. Quality is likewise expanded generously when one spends significant time in careful exercises of the muscles and hardened joints. Legitimate blend of energizing food and proper muscles preparing has customarily demonstrated to build the perseverance of individuals. A possibility of getting a bug is generously decreased as the insusceptible framework is for the most part kicked off by ordinary activities. End Exercising and eating well have been demonstrated to advance physical wellbeing. All things considered, there are a few other minor subtleties which influence people’s fitness. Individual cleanliness and social cooperation have generally encouraged wellbeing in assorted manners. Keeping one’s body clean to foil diseases and evade contaminations is basic. Cleaning hands, brushing teeth, cleaning cutlery helps in forestalling diseases. One ought to endeavor to maintain a strategic distance from the presence of microorganisms in the body. Building up social connections drags out life and expands efficiency and positivism throughout everyday life. Socialization may likewise expand information, create character and make an individual fundamentally healthy.Advertising Searching for exposition on wellbeing medication? How about we check whether we can support you! Get your first paper with 15% OFF Find out More

Blumberg Capital

Blumberg Capital INTRODUCTIONMartin: Hi, today we are in San Francisco in the Blumberg Capital Office with David. David, who are you and what do you do?David: David Blumberg, I’m the founder and managing partner of Blumberg Capital. And we’re a very focused specialized fund. We focus very much on early stage information technology, that’s mostly software and it brings us across different geographies. We’ve started in the Bay Area, San Francisco and branched out quite early to Israel, New York as a triangle then along the way found out about the great brands in Germany and so I’ve been in Berlin mostly, with some in Munich and Hamburg, some investments there. And then along the way I also have found some great opportunities up in Vancouver, our neighbor to the north and then down to Los Angeles. So those are the four or five places. It’s interesting because I just read yesterday a study saying that in the opinion of US investor, the top four countries for early stage venture capital invest ments are US, Israel, Canada and Germany.Martin: Canada as well, okay.David: Yes, so somehow we’ve got it just exactly right per the view of other investors and that’s the places that we have main investments and where we have some successes to talk about.Martin: What did you do before you started this fund?David: I’ve been in venture capital for many years and I really started out directly in venture capital which is very rare. What happened is in college, I had thought I wanted to solve big problems in the world and at my age, when I was in that young high school, college time where I thought, oh the solution to big problems for the world is government. Government knows best. They know how to solve problems. So I started studying international relations in government at Harvard College and I went to work in Washington for three summers. And at the end of those three summers, I realized, ‘Ooh, I don’t think government is the solution, I think it’s more of the cause of t he problems’. The Politicians like to reelect themselves and so they’re willing to offer or promise anything to anybody to get elected and they don’t really think about the long-term solutions. Whereas, in the market economy, there’s so much competition, if you’re not serving your customers on a daily basis, you go out of business. So for that reason and other reasons that science needs business to make a takeout out of the lab, I think the niche of a combination of science and entrepreneurship is fantastic for unleashing great things into the world and helping lots of people move up into a happy middle class safe, healthy lifestyle. That’s what my personal mission is.Now the way that it worked is when I was in college, I started a company, because I was a poorer or middâ€"not poor, I was a middle class student that I needed to pay for Harvard which is very expensive. And I got this job and I had such a great success personally, fulfillment about being an entrepreneur. I t led me to say, I should really think about business rather than law school and foreign policy and the state department. And so, I went to business school instead of law school. I decided to work in the entrepreneurial and tech sector instead of government and foreign trade. And this has been a fantastic luck. I really chanced out. I have a choice of going towards biotech or software, I chose towards software, because I thought it would be a lot easier. I didn’t have to go through organic chemistry and med school. And then, right out of undergrad, I had a choice at business school to go straight away or to work first. I thought I won’t appreciate business school fully until I have some experience in the real world. And I also needed to pay for it. So I had a job offer at T. Rowe Price, a fantastic firm, money manager firm in Baltimore, Maryland which manages tens of billions of dollars across many mutual funds. And the job that I was offered was to be an analyst for hi-tech sto cks that were going IPO. And T. Rowe Price among other groups is a large buyer. It’s like one or two in the US buyerâ€" of these big IPOs. And so, I was able to analyze these companies before they were public and that’s when I met a lot of venture capitalist and how I saw what is the output goal for a great successful startup. Essentially, in my mind I’m thinking I need to please T. Rowe Price or Fidelity or Wellington or any of these great firms with the startup that comes into my office now looking for a million or two dollars. Eventually, I want to be able to bring it ultimately into a great IPO.Now, as we all know, many, many more companies get acquired along the way to an IPO, but IPO is still sort of the gold standard for great exits. And so, that training, the other way of saying it is, it’s a biological metaphor, I was looking at the estuary where the salmon come out from the rivers to the ocean and then swim back upstream. And I also knew in my career I wanted to go upstream to where they breathe and find the little salmon and help them grow the big strong fish, getting a little too deep in the metaphor.But the idea is that, I knew I didn’t want to stay in Wall Street and look at it as an analyst, more secured portfolio manager of public companies because I like to be more involved with the companies. I want to be working with the entrepreneurial teams and in my little way helping them maybe pivot a bit toward a faster more strategic fit into the market. But you have so much more influence at the early stage that’s what I find fun and if I’m not going to be commercial, I also think it’s the area where there’s much more much more arbitrage opportunity. The information is much less widespread, it’s much less as an economics we say, it’s not perfect information. So there’s a great gap and if we can have better information, the insiders albeit legal, we have a better chance of making a great buy whereas at the public markets, there are so many smart people analyzing the same data. It’s hard to have an edge consistently.Martin: And did you then start out of business school in a VC fund or did you just start your own VC fund directly out of business school?David: Yes, I’ve had wonderful mentors. So I’ve had three mentors chiefly Frederick Adler from Adler Company. He was one of the great VCs of his generation. There were probably about 5 to 10 major venture capital firms in those days, in the 1970s, ’80s, ’90s, he was one of them. He’s still alive, he’s still doing well. And then, the next one was Alan Patricof of Patricof Company which now became Apax and then Charles Bronfman and his family office up in Montreal. So each of those three, they had amazing networks, they had a lot of capital, they had lots of success by the time I got there, so the deal flow was already coming in and I was really privileged to get to see excellent entrepreneurs, make some serious investments and learn a lot along the way. The joke about venture capital is how do you train a venture capitalist, let them lose or her lose $20 million and then they’re trained. And so along the way, I’ve lost and so on. And now, it seems to be working and we’re making but it does take a lot of training and mentorship so for that, I’m ever grateful.Martin: But at some point, you decided, ‘I’ll stop working as an employee and start my own fund’. What was the reason behind that?David: Yes, well when I came from the Bronfman family office, I started consulting and what happened is I started consulting to a Japanese technology distribution company from Tokyo and two family offices. And I would find the deals for them and they would pay me a bit of a retainer and I would have some carried interests from the companies, share options or shares from them and something on the deal closing, transaction fee. And I was working along that and four of them went IPO out of nine. It was very successful. And then wh at would happen is we were these three groups, you have family offices who can’t add a lot of value typically to a company when it’s in startup phase and this Japanese company who could add a lot of value in Japan but nothing in the States. But the entrepreneurs would come back to me after we had funded them and say, ‘Now would you help us in America?’ and so that I fell into an operating role with one call Check Point Software which became one of the most successful in my career. And that was a firewall company software, so listed, publically traded, very successful. And I was very fortunate again to become an operating officer, I came for all time purposes the vice president of business development in their first 18 months in market.And that was at the dawn of the internet, so everyone needed internet connections and then the first thing they said, we need security. And a firewall was the front door lock, so to speak and so I had a fantastic time doing deals with Sun Micro systems, Hewlett-Packard, Tandem, bringing them to Japan, Australia, other places and the rest is history. It went very, very well and so I had that entrepreneurial experience in biz dev where market meets product especially in a company coming from overseas with a lot of engineering strength but not much in the resource packet of sales and business development. Developing all that, their marketing, their tradeshows, PR, all that experience of what a startup has to go through if they’re successful was super great training and I’ve had that now multiple times. But that was the impetus from those four IPOs in that little portfolio, we were able to then raise a fund one which is about $36 million then we’ve had fund two, $91 million then recently closed in October of last year fund three at $150 million and now things are going so well and we’re going to be investing at a rapid pace, so we’re going to be raise our next fund, early next year.UNDERSTANDING BLUMBERG CAPITALMarti n: David, let’s understand Blumberg Capital.David: Sure.Martin: So you said that you have active investing in so many countries, do you have office in all these kind of countries in all of these kind of areas or are you sourcing them directly here from the US and just travelling abroad?David: That’s a very fair question and a lot of people don’t understand how we do what we do. So let me first explain that as a VC we don’t think we’re smarter than the entrepreneurs and that we have a better crystal ball it’s the other way around, we think the entrepreneurs know more, especially about their specific domain than we do. So we like to listen a lot and be sponge and try and gather information from our network which is quite extensive, we have an outstanding network of friends and associates over the years that have become loyal, trust worthy sources of information and deal flow. So we get deal flow from a lot of places and we cultivate that, we go and speak at conferences and we go to start up competitions and we are judges and we try and give back to the community in that way, that’s it.Why the specific areas? Israel was a personal passion of mine early on and I had that zionist dream to try and help build the country from nothing; deserts and swamps to something that could be respectful and help the rest of the world with maybe technological output in an export way. So, I took maybe extra risks there that wouldn’t have been seen as natural or logical for a business person. It’s paid off handsomely, I mean they have done all that they have said they would do and more. I mean the output of Israel per capita is higher I think than anywhere in the world, maybeâ€"even including or close to Silicon Valley. So in terms of that it’s astonishing. Canada and Germany are places I feel comfortable in, we have good relationship with some of our investors, I lived in Canada, if you know that I lived for several years in Canada, because of Bronfman. So there ’s that tied. The technical talent in both countries is really high, the ethics are very high, the level of business knowledge is very strong and they are both strong economies. Canada obviously tied very much to North America, Germany is the center of Europe, so all of those things work well. Now that’s it.We see the world as, and this may be offensive to some people, a bit of a hub and spokes. The US is the big.., and North America is the big early adopter market, especially the unified currency, unified language, relatively unified market and has the biggest group of early adopter, and it has the biggest group of major strategic partners for distribution, and it has largest group of later stage venture capitalists for onward funding. So for those three reasons, if it’s a company starting in Canada or a company starting in Germany or a company starting in Israel, if they have any degree of goal to get into the North American market and launch as a global company, we feel lik e we can really add a lot of value.For example, we would not think we can add a huge amount of value, in Germany for a German company that would be arrogant on our part. The same Canada, in Canada. No, that’s not where we would have the most value and in Israel, there is no market in Israel, it’s way too small. So we are inbound to the US in that respect. Now that said, the world has changed dramatically in the last 10 years with the advent of mobile as a platform and the advent of social media networks and just the cloud infrastructure. So all that makes it much easier to reach far flung markets. And if I can give an example of a German company, where we’re very happy to be investors, Credit Tech is doing phenomenally well doing consumer lending from a base in Hamburg, but not in Germany. They are lending in Poland and Russia, in Spain, Czech Republic, Mexico, Dominican Republic, Peru, etc., far flung places from Germany. And this is because everything is done on mobile phone s; they have no offices anywhere in any of these countries. All of it is done through machine learning with giant algorithms that can grab data through APIs that were never available even 5 years ago. So all this is to say that the world is becoming easier to become Global as an investor and as an entrepreneur and we are taking advantage of that because we’ve seen that we can work with global teams on distributed basis. And that the rising middle class in the middle tier of counties is quite a surge, it’s going to continue for the next 10, 20, 30 years and another 500 million people will move up into middle class and they have every right and need to have services that meet their needs and we can hope to bring them some of those services. So that’s a slightly different model from the US centric model of the classic enterprise businesses where we’d bring stuff in from let’s say Israel or Canada and sell it in North America. Now this is the additional model which we find fru itful where we can start anywhere and address mobile markets of a vast numbers of consumers as well.Martin: Okay, great. David, what types of companies are you looking for when you want to invest your money?David: Great. We like to be an investor very early so we are almost always investing either pre- product or pre-revenue, or at the down or revenue and so it’s what we consider typically the seed stage and A, series A are the main entry points. We typically are the first institutional investor we are very glad to invest with other angels, other VCs, other strategic partners, but we are typically the first venture capital fund in. And we like to lead those rounds, we’re not dogmatic, we don’t have to we can collate etc., but we tend to that a lot. I think that’s probably because a lot of the larger firms that we have known historically that were our peers have gotten so big that they really prefer to come at the A,B, and C rounds, whereas we prefer to come in the seed and t he A, so there is a nice division of labor. We do the, what I call the hard work early on and they can come in with the big dollars later and help with assets and distribution and so on. And then there is the Angel community, that’s a very community for us to work with. We like to work with angels because the find the deals first, entrepreneurs usually go to their friends first and then they would perhaps come to an institution after they have tried it out a little bit with another angel or taken a little bit of money and that’s fine with us.Now within the realms, let’s go domains, we like things that are capital efficient traditionally. So that has led us towards software, it has led us away from energy production or clean tech, other than software kind of things or the biotech side, the wet lab related or things with a lot of FDA approval. Those are difficult for us invest in or material science, it’s traditionally been difficult because they’re capital intensive and the y’re in the realms of either long regularity approval or large rollouts for scale up and that has not been where we canplan. So traditionally it has been software where we find our niche. And I think that is also changing, we are on the cusp of the new world in synthetic biology and the internet of things and new types of hardware that are astonishingly light and small and flexible that we are starting to see, that are been created on kickstarter and indiegogo, and so on. So we are looking at some of those with interest, haven’t done them yet, but we are open to it.Martin: Okay. What are the properties of a great team, if you could imagine the properties of a team, what would it be?David: First you it said the right word, team. It’s rare, it’s possible but it’s rare that we find a single entrepreneur. Usually one person needs a complement, either in live as a spouse or as an entrepreneurial group but there are 4 or 5 roles that are key, and so we look generally for somebod y who really understands how product market fit and that can be a CEO with a sales background or it can be a CEO with a product background, or it can be a technology person with an understanding of where the world needs to go, or what a new platform will mean in terms of opportunity or in the security space, what a new platform means in terms of treat and hence opportunity. So those are the areas and by the way I should make more precise; we’ve tended to focus about 70% on B2B, the business to business, the enterprise focus. And partly the reason we do that is because most of us come from those background, the other is that we have a great network, we have a specific CIO council, chief information officer council, a chief marketing officer council and a group of CISO, chief security officers from fortune 500 and similar companies and those folks answer the question that follows, if we build this, will you buy it? And they are very good at helping us separate the wheat from the cha ff and focusing us on areas of their concern, so that has been very helpful, it’s been helpful to the companies we’ve invested in because if they answer ‘yes we will buy this’ they often become the source and the locus and the focus of the first paid customers, the first proof of concepts that the company has.Martin: Are you asking the CIOs, in their due diligence process, pre-investment?David: Yes, often, not always. Often, but certainly, once we’ve made the investment we go to them a lot for help but we often make this question during due diligence. Again part of it is because we don’t think we always know the answer to everything, we wanna look around and get advice. And I think that’sâ€" you know you didn’t ask this question yet but I want to make another distinction, our model at Venture Capital is not that we know better and we’re going to tell you as an employee, CEO, how to work for us and do things better. Ours is a little bit more, ‘You’re the race ca r driver and we’re the pit crew or maybe the manager’. So we’re going to give you some coaching of course and try to stop you from crashing around the track, but we’re going to change your oil, fill your gas, maybe bring the crowd into the bleachers and maybe give you some guidance from watching you go around the track many times and say, we’ve seen this kind of patterns before, here’s what we learnt from it, maybe that can help you.So I think that model is appropriate especially at the early stage. I mean these people are working incredible hours, they are highly motivated, they are very smart and I just want to be very careful that we’re not trying to squash that creativity or say that we know better. And if I may, I think that’s why start-ups break off from bigger companies; the innovation just can’t happen in the structure of a big entity for a variety of reasons. One is the equity motivation but the other is that more informal sense of ‘We, a small team, tha t are empowered, can do something great and novel’. Whereas in a big structural organization you’re offending a rival, there is politics, there are procedures that just get in the way of that gorilla flexibility and speed and nimbleness that one needs as an entrepreneur.STARTUP ECOSYSTEMMartin: David, let’s talk about how you perceive the eco system, the startup eco system. Can you tell us in what type of areas, countries, industries, ticket sizes do you perceive there are some kind of under or over allocation of capital and what is driving that?David: Okay, here we are in 2014 and these questions have to be answered very specifically to a time we’re sitting and where we invest. We invest at the early stage and I think it’s never been a better time to be an early stage, it’s never been a better time to be an early stage entrepreneur. And you might say well, right before the bubble of 2000â€"during the early part of the bubble of 99’,2000, that was a great time, you mig ht say, ‘Not really, that was fake, this is much more real.’ We stand on the shoulders of giants, the people who built the cloud, the internet, mobile networks, social networks, machine learning and things like that, are really making our lives a lot easier, whether an entrepreneur or whether funding entrepreneurs as a venture firm. So it’s a great time to be investing in that regards. The world is blossoming in terms of GDP per capita even though in the developed countries like Germany, US, Japan, etc., it’s been a really bad recession and recovery has been weak almost everywhere. The rest of the world has been doing a lot better. And I think probably because the really bad economic systems of communism and socialism in China and India are kind of getting taken away. They are just getting rid of the bad stuff and once you, like a brick on aâ€"as a weight, if you take the brick off and you let the natural resources of entrepreneurship thrive, you get GDP growth and you get p eople who move from poverty to middle class, which I think what we should all wish for.So that is making is have big new markets to reach and it’s making the entrepreneurial journey realistic for people in many, many new countries. So the fact that we operate outside of Silicon Valley has also been great for us. We have, I think a much outsized presence in Israel and then in Germany if I may say so, then our size would be compared to here, in the States. We are a small firm in the states and I think we are prominent, well known in our niche, but in Israel we are very prominent and in Germany probably more than we deserve because we are so unusual in doing this.So now let’s go back to the ecosystem. The US venture capital industry has become what I would call bimodal, like a donut. The middle has eroded away, the early stage is doing very well, the late stage is doing very well. But in a recession, or in an interest rate spike, or in some macro collision, I’d be more worried ab out being in the later stage. People buying late stage pieces of very expensive, high flying companies, because the evaluations can pop very down here, if we are down at the very bottom level of these early stage companies and if we allocate enough money for follow on for say 2,3,4,5 year period, over life of our funds, we can survive through a down turn. And our returns might be lower, but everyone’s returns would be lower. But the volatility is much less at the early stage when their companies are well supported compared to the volatility of exits and the time frame that’s required of late stage investors so, I’d rather be frankly jumping out of a first floor than jumping out of a 47th floor, God forbidMartin: And if you look at specific industries like if you were looking at hardware, social networks, advertising, etc., what industries do you think are more overvalued?David: Okay, we’ve taken a slightly different approach. Our approach has basically been that if you take 3 centuries of economic history, what were the big game changers? The 19th century was really about automation or infusion technology, that was really automation and agriculture, transportation and mining. 20th century manufacturing became highly automated and very efficient. Now what is the 21st century about? we would argue it’s the service economy and probably with now the internet of things and synthetic biology is also going to have a renaissance in the later part of the 21st century in actually manufacturing in a new way. But for now, the service economy dominates Europe, the Europe mainly and the US. 60%, 70%, 80% of our GDP and our employment more enforces in the service economy so strictly an example would be financial services. What are financial services? It’s services to people run on computers and communication networks using some kind of processing to crunch numbers and a way of communicating information out. Now, the communications and computational infrastructure plus storage in the past 10 years has rocketed to more efficiency and past 20, and past 30 years. Most banks, most insurance companies are running on systems that are 10, 20, 30 years old. So the new entrance can come in with almost a green field advantage in terms of much more efficiency and now the world is again opened to new platforms of mobile, we can reach consumers for the first time that could really never be reached except through traditional expensive branches. So we are deconstructing, disrupting and innovating the whole area of financial services across probably 18 or 20 companies in our little portfolio. And it’s amazing to see our little Davids go up against the Goliaths, but they are doing very well, I am seeing incredible growth. And sometimes it not that just that we are going to disrupt and destroy the big but we’re going to offer something new that they could never do at scale, it just wouldn’t work and that is very exciting. And so if I would say it again I would simplify and say the services economy is both capital efficient for us to go after, it’s expanding, it’s very inefficient still and it has a lot of room for innovation. So, those are the keys so far we are interested in. I would say further on in the horizon, very interested by new hardware modality, internet things again and thenâ€"the intersection we call synthetic biology but that’s where essentially computation meets the human and the biological for the new developments, not done in a lab but really done on a computer almost as in CAD CAM does for engineering, makes sense?Martin: What other service industries can you identify that are right for disruption and big enough?David: Sure, sure. Travel is a huge industry, very inefficient and ready for disruption, insurance, banking, lending, real estate, education. Health care is complicated but we think there are a lot of opportunities of disruption there making it much more efficient and better, we have a couple of opp ortunities on our table right now in that round. And the thing about the medical science itself, it’s more about delivery and access and payment, that’s where I find the infrastructure to be lacking dramatically. Security is not exactly a vertical domain it’s more horizontal but with every new platform, the bad guys find opportunities to poke holes and so the good guys have to come and build solutions and so we see security as the new platforms arise becoming great area for us we’ve had a number of great exit’s there and new investments that are very promising, so those are a few areas that look good for us.Martin: Great.ADVICE TO ENTREPRENEURS In San Francisco, we talked with venture capitalist and the founder of Blumberg Capital, David Blumberg. David talks about the investment due diligence process and startup ecosystem. Furthermore, he shares his learnings and advice for young entrepreneurs.The transcription of the interview is provided below.INTRODUCTIONMartin: Hi, today we are in San Francisco in the Blumberg Capital Office with David. David, who are you and what do you do?David: David Blumberg, I’m the founder and managing partner of Blumberg Capital. And we’re a very focused specialized fund. We focus very much on early stage information technology, that’s mostly software and it brings us across different geographies. We’ve started in the Bay Area, San Francisco and branched out quite early to Israel, New York as a triangle then along the way found out about the great brands in Germany and so I’ve been in Berlin mostly, with some in Munich and Hamburg, some investments there. And then along the way I also have found some great opportunities up in Vancouver, our neighbor to the north and then down to Los Angeles. So those are the four or five places. It’s interesting because I just read yesterday a study saying that in the opinion of US investor, the top four countries for early stage venture capital investments are US, Israel, Canada and Germany.Martin: Canada as well, okay.David: Yes, so somehow we’ve got it just exactly right per the view of other investors and that’s the places that we have main investments and where we have some successes to talk about.Martin: What did you do before you started this fund?David: I’ve been in venture capital for many years and I really started out directly in venture capital which is very rare. What happened is in college, I had thought I wanted to solve big problems in the world and at my age, when I was in that young high school, college time where I thought, oh the solution to big problems for the world is government. Government knows be st. They know how to solve problems. So I started studying international relations in government at Harvard College and I went to work in Washington for three summers. And at the end of those three summers, I realized, ‘Ooh, I don’t think government is the solution, I think it’s more of the cause of the problems’. The Politicians like to reelect themselves and so they’re willing to offer or promise anything to anybody to get elected and they don’t really think about the long-term solutions. Whereas, in the market economy, there’s so much competition, if you’re not serving your customers on a daily basis, you go out of business. So for that reason and other reasons that science needs business to make a takeout out of the lab, I think the niche of a combination of science and entrepreneurship is fantastic for unleashing great things into the world and helping lots of people move up into a happy middle class safe, healthy lifestyle. That’s what my personal mission is. Now the way that it worked is when I was in college, I started a company, because I was a poorer or middâ€"not poor, I was a middle class student that I needed to pay for Harvard which is very expensive. And I got this job and I had such a great success personally, fulfillment about being an entrepreneur. It led me to say, I should really think about business rather than law school and foreign policy and the state department. And so, I went to business school instead of law school. I decided to work in the entrepreneurial and tech sector instead of government and foreign trade. And this has been a fantastic luck. I really chanced out. I have a choice of going towards biotech or software, I chose towards software, because I thought it would be a lot easier. I didn’t have to go through organic chemistry and med school. And then, right out of undergrad, I had a choice at business school to go straight away or to work first. I thought I won’t appreciate business school fully until I have some experience in the real world. And I also needed to pay for it. So I had a job offer at T. Rowe Price, a fantastic firm, money manager firm in Baltimore, Maryland which manages tens of billions of dollars across many mutual funds. And the job that I was offered was to be an analyst for hi-tech stocks that were going IPO. And T. Rowe Price among other groups is a large buyer. It’s like one or two in the US buyerâ€" of these big IPOs. And so, I was able to analyze these companies before they were public and that’s when I met a lot of venture capitalist and how I saw what is the output goal for a great successful startup. Essentially, in my mind I’m thinking I need to please T. Rowe Price or Fidelity or Wellington or any of these great firms with the startup that comes into my office now looking for a million or two dollars. Eventually, I want to be able to bring it ultimately into a great IPO.Now, as we all know, many, many more companies get acquired along the way to an IPO, but IPO is still sort of the gold standard for great exits. And so, that training, the other way of saying it is, it’s a biological metaphor, I was looking at the estuary where the salmon come out from the rivers to the ocean and then swim back upstream. And I also knew in my career I wanted to go upstream to where they breathe and find the little salmon and help them grow the big strong fish, getting a little too deep in the metaphor.But the idea is that, I knew I didn’t want to stay in Wall Street and look at it as an analyst, more secured portfolio manager of public companies because I like to be more involved with the companies. I want to be working with the entrepreneurial teams and in my little way helping them maybe pivot a bit toward a faster more strategic fit into the market. But you have so much more influence at the early stage that’s what I find fun and if I’m not going to be commercial, I also think it’s the area where there’s much more much more ar bitrage opportunity. The information is much less widespread, it’s much less as an economics we say, it’s not perfect information. So there’s a great gap and if we can have better information, the insiders albeit legal, we have a better chance of making a great buy whereas at the public markets, there are so many smart people analyzing the same data. It’s hard to have an edge consistently.Martin: And did you then start out of business school in a VC fund or did you just start your own VC fund directly out of business school?David: Yes, I’ve had wonderful mentors. So I’ve had three mentors chiefly Frederick Adler from Adler Company. He was one of the great VCs of his generation. There were probably about 5 to 10 major venture capital firms in those days, in the 1970s, ’80s, ’90s, he was one of them. He’s still alive, he’s still doing well. And then, the next one was Alan Patricof of Patricof Company which now became Apax and then Charles Bronfman and his family office up in Montreal. So each of those three, they had amazing networks, they had a lot of capital, they had lots of success by the time I got there, so the deal flow was already coming in and I was really privileged to get to see excellent entrepreneurs, make some serious investments and learn a lot along the way. The joke about venture capital is how do you train a venture capitalist, let them lose or her lose $20 million and then they’re trained. And so along the way, I’ve lost and so on. And now, it seems to be working and we’re making but it does take a lot of training and mentorship so for that, I’m ever grateful.Martin: But at some point, you decided, ‘I’ll stop working as an employee and start my own fund’. What was the reason behind that?David: Yes, well when I came from the Bronfman family office, I started consulting and what happened is I started consulting to a Japanese technology distribution company from Tokyo and two family offices. And I would find th e deals for them and they would pay me a bit of a retainer and I would have some carried interests from the companies, share options or shares from them and something on the deal closing, transaction fee. And I was working along that and four of them went IPO out of nine. It was very successful. And then what would happen is we were these three groups, you have family offices who can’t add a lot of value typically to a company when it’s in startup phase and this Japanese company who could add a lot of value in Japan but nothing in the States. But the entrepreneurs would come back to me after we had funded them and say, ‘Now would you help us in America?’ and so that I fell into an operating role with one call Check Point Software which became one of the most successful in my career. And that was a firewall company software, so listed, publically traded, very successful. And I was very fortunate again to become an operating officer, I came for all time purposes the vice presi dent of business development in their first 18 months in market.And that was at the dawn of the internet, so everyone needed internet connections and then the first thing they said, we need security. And a firewall was the front door lock, so to speak and so I had a fantastic time doing deals with Sun Microsystems, Hewlett-Packard, Tandem, bringing them to Japan, Australia, other places and the rest is history. It went very, very well and so I had that entrepreneurial experience in biz dev where market meets product especially in a company coming from overseas with a lot of engineering strength but not much in the resource packet of sales and business development. Developing all that, their marketing, their tradeshows, PR, all that experience of what a startup has to go through if they’re successful was super great training and I’ve had that now multiple times. But that was the impetus from those four IPOs in that little portfolio, we were able to then raise a fund one which is about $36 million then we’ve had fund two, $91 million then recently closed in October of last year fund three at $150 million and now things are going so well and we’re going to be investing at a rapid pace, so we’re going to be raise our next fund, early next year.UNDERSTANDING BLUMBERG CAPITALMartin: David, let’s understand Blumberg Capital.David: Sure.Martin: So you said that you have active investing in so many countries, do you have office in all these kind of countries in all of these kind of areas or are you sourcing them directly here from the US and just travelling abroad?David: That’s a very fair question and a lot of people don’t understand how we do what we do. So let me first explain that as a VC we don’t think we’re smarter than the entrepreneurs and that we have a better crystal ball it’s the other way around, we think the entrepreneurs know more, especially about their specific domain than we do. So we like to listen a lot and be sponge and try and gather information from our network which is quite extensive, we have an outstanding network of friends and associates over the years that have become loyal, trust worthy sources of information and deal flow. So we get deal flow from a lot of places and we cultivate that, we go and speak at conferences and we go to start up competitions and we are judges and we try and give back to the community in that way, that’s it.Why the specific areas? Israel was a personal passion of mine early on and I had that zionist dream to try and help build the country from nothing; deserts and swamps to something that could be respectful and help the rest of the world with maybe technological output in an export way. So, I took maybe extra risks there that wouldn’t have been seen as natural or logical for a business person. It’s paid off handsomely, I mean they have done all that they have said they would do and more. I mean the output of Israel per capita is higher I think than anywhere in the world, maybeâ€"even including or close to Silicon Valley. So in terms of that it’s astonishing. Canada and Germany are places I feel comfortable in, we have good relationship with some of our investors, I lived in Canada, if you know that I lived for several years in Canada, because of Bronfman. So there’s that tied. The technical talent in both countries is really high, the ethics are very high, the level of business knowledge is very strong and they are both strong economies. Canada obviously tied very much to North America, Germany is the center of Europe, so all of those things work well. Now that’s it.We see the world as, and this may be offensive to some people, a bit of a hub and spokes. The US is the big.., and North America is the big early adopter market, especially the unified currency, unified language, relatively unified market and has the biggest group of early adopter, and it has the biggest group of major strategic partners for distribution, and it has largest group of later stage venture capitalists for onward funding. So for those three reasons, if it’s a company starting in Canada or a company starting in Germany or a company starting in Israel, if they have any degree of goal to get into the North American market and launch as a global company, we feel like we can really add a lot of value.For example, we would not think we can add a huge amount of value, in Germany for a German company that would be arrogant on our part. The same Canada, in Canada. No, that’s not where we would have the most value and in Israel, there is no market in Israel, it’s way too small. So we are inbound to the US in that respect. Now that said, the world has changed dramatically in the last 10 years with the advent of mobile as a platform and the advent of social media networks and just the cloud infrastructure. So all that makes it much easier to reach far flung markets. And if I can give an example of a German company, where we’re very happy to be investors, Credit Tech is doing phenomenally well doing consumer lending from a base in Hamburg, but not in Germany. They are lending in Poland and Russia, in Spain, Czech Republic, Mexico, Dominican Republic, Peru, etc., far flung places from Germany. And this is because everything is done on mobile phones; they have no offices anywhere in any of these countries. All of it is done through machine learning with giant algorithms that can grab data through APIs that were never available even 5 years ago. So all this is to say that the world is becoming easier to become Global as an investor and as an entrepreneur and we are taking advantage of that because we’ve seen that we can work with global teams on distributed basis. And that the rising middle class in the middle tier of counties is quite a surge, it’s going to continue for the next 10, 20, 30 years and another 500 million people will move up into middle class and they have every right and need to have services that meet th eir needs and we can hope to bring them some of those services. So that’s a slightly different model from the US centric model of the classic enterprise businesses where we’d bring stuff in from let’s say Israel or Canada and sell it in North America. Now this is the additional model which we find fruitful where we can start anywhere and address mobile markets of a vast numbers of consumers as well.Martin: Okay, great. David, what types of companies are you looking for when you want to invest your money?David: Great. We like to be an investor very early so we are almost always investing either pre- product or pre-revenue, or at the down or revenue and so it’s what we consider typically the seed stage and A, series A are the main entry points. We typically are the first institutional investor we are very glad to invest with other angels, other VCs, other strategic partners, but we are typically the first venture capital fund in. And we like to lead those rounds, we’re not d ogmatic, we don’t have to we can collate etc., but we tend to that a lot. I think that’s probably because a lot of the larger firms that we have known historically that were our peers have gotten so big that they really prefer to come at the A,B, and C rounds, whereas we prefer to come in the seed and the A, so there is a nice division of labor. We do the, what I call the hard work early on and they can come in with the big dollars later and help with assets and distribution and so on. And then there is the Angel community, that’s a very community for us to work with. We like to work with angels because the find the deals first, entrepreneurs usually go to their friends first and then they would perhaps come to an institution after they have tried it out a little bit with another angel or taken a little bit of money and that’s fine with us.Now within the realms, let’s go domains, we like things that are capital efficient traditionally. So that has led us towards software, it has led us away from energy production or clean tech, other than software kind of things or the biotech side, the wet lab related or things with a lot of FDA approval. Those are difficult for us invest in or material science, it’s traditionally been difficult because they’re capital intensive and they’re in the realms of either long regularity approval or large rollouts for scale up and that has not been where we canplan. So traditionally it has been software where we find our niche. And I think that is also changing, we are on the cusp of the new world in synthetic biology and the internet of things and new types of hardware that are astonishingly light and small and flexible that we are starting to see, that are been created on kickstarter and indiegogo, and so on. So we are looking at some of those with interest, haven’t done them yet, but we are open to it.Martin: Okay. What are the properties of a great team, if you could imagine the properties of a team, what would it be?David: First you it said the right word, team. It’s rare, it’s possible but it’s rare that we find a single entrepreneur. Usually one person needs a complement, either in live as a spouse or as an entrepreneurial group but there are 4 or 5 roles that are key, and so we look generally for somebody who really understands how product market fit and that can be a CEO with a sales background or it can be a CEO with a product background, or it can be a technology person with an understanding of where the world needs to go, or what a new platform will mean in terms of opportunity or in the security space, what a new platform means in terms of treat and hence opportunity. So those are the areas and by the way I should make more precise; we’ve tended to focus about 70% on B2B, the business to business, the enterprise focus. And partly the reason we do that is because most of us come from those background, the other is that we have a great network, we have a specific CIO council , chief information officer council, a chief marketing officer council and a group of CISO, chief security officers from fortune 500 and similar companies and those folks answer the question that follows, if we build this, will you buy it? And they are very good at helping us separate the wheat from the chaff and focusing us on areas of their concern, so that has been very helpful, it’s been helpful to the companies we’ve invested in because if they answer ‘yes we will buy this’ they often become the source and the locus and the focus of the first paid customers, the first proof of concepts that the company has.Martin: Are you asking the CIOs, in their due diligence process, pre-investment?David: Yes, often, not always. Often, but certainly, once we’ve made the investment we go to them a lot for help but we often make this question during due diligence. Again part of it is because we don’t think we always know the answer to everything, we wanna look around and get advice . And I think that’sâ€" you know you didn’t ask this question yet but I want to make another distinction, our model at Venture Capital is not that we know better and we’re going to tell you as an employee, CEO, how to work for us and do things better. Ours is a little bit more, ‘You’re the race car driver and we’re the pit crew or maybe the manager’. So we’re going to give you some coaching of course and try to stop you from crashing around the track, but we’re going to change your oil, fill your gas, maybe bring the crowd into the bleachers and maybe give you some guidance from watching you go around the track many times and say, we’ve seen this kind of patterns before, here’s what we learnt from it, maybe that can help you.So I think that model is appropriate especially at the early stage. I mean these people are working incredible hours, they are highly motivated, they are very smart and I just want to be very careful that we’re not trying to squash that c reativity or say that we know better. And if I may, I think that’s why start-ups break off from bigger companies; the innovation just can’t happen in the structure of a big entity for a variety of reasons. One is the equity motivation but the other is that more informal sense of ‘We, a small team, that are empowered, can do something great and novel’. Whereas in a big structural organization you’re offending a rival, there is politics, there are procedures that just get in the way of that gorilla flexibility and speed and nimbleness that one needs as an entrepreneur.STARTUP ECOSYSTEMMartin: David, let’s talk about how you perceive the eco system, the startup eco system. Can you tell us in what type of areas, countries, industries, ticket sizes do you perceive there are some kind of under or over allocation of capital and what is driving that?David: Okay, here we are in 2014 and these questions have to be answered very specifically to a time we’re sitting and where we i nvest. We invest at the early stage and I think it’s never been a better time to be an early stage, it’s never been a better time to be an early stage entrepreneur. And you might say well, right before the bubble of 2000â€"during the early part of the bubble of 99’,2000, that was a great time, you might say, ‘Not really, that was fake, this is much more real.’ We stand on the shoulders of giants, the people who built the cloud, the internet, mobile networks, social networks, machine learning and things like that, are really making our lives a lot easier, whether an entrepreneur or whether funding entrepreneurs as a venture firm. So it’s a great time to be investing in that regards. The world is blossoming in terms of GDP per capita even though in the developed countries like Germany, US, Japan, etc., it’s been a really bad recession and recovery has been weak almost everywhere. The rest of the world has been doing a lot better. And I think probably because the really b ad economic systems of communism and socialism in China and India are kind of getting taken away. They are just getting rid of the bad stuff and once you, like a brick on aâ€"as a weight, if you take the brick off and you let the natural resources of entrepreneurship thrive, you get GDP growth and you get people who move from poverty to middle class, which I think what we should all wish for.So that is making is have big new markets to reach and it’s making the entrepreneurial journey realistic for people in many, many new countries. So the fact that we operate outside of Silicon Valley has also been great for us. We have, I think a much outsized presence in Israel and then in Germany if I may say so, then our size would be compared to here, in the States. We are a small firm in the states and I think we are prominent, well known in our niche, but in Israel we are very prominent and in Germany probably more than we deserve because we are so unusual in doing this.So now let’s go back to the ecosystem. The US venture capital industry has become what I would call bimodal, like a donut. The middle has eroded away, the early stage is doing very well, the late stage is doing very well. But in a recession, or in an interest rate spike, or in some macro collision, I’d be more worried about being in the later stage. People buying late stage pieces of very expensive, high flying companies, because the evaluations can pop very down here, if we are down at the very bottom level of these early stage companies and if we allocate enough money for follow on for say 2,3,4,5 year period, over life of our funds, we can survive through a down turn. And our returns might be lower, but everyone’s returns would be lower. But the volatility is much less at the early stage when their companies are well supported compared to the volatility of exits and the time frame that’s required of late stage investors so, I’d rather be frankly jumping out of a first floor than jumping out of a 47th floor, God forbidMartin: And if you look at specific industries like if you were looking at hardware, social networks, advertising, etc., what industries do you think are more overvalued?David: Okay, we’ve taken a slightly different approach. Our approach has basically been that if you take 3 centuries of economic history, what were the big game changers? The 19th century was really about automation or infusion technology, that was really automation and agriculture, transportation and mining. 20th century manufacturing became highly automated and very efficient. Now what is the 21st century about? we would argue it’s the service economy and probably with now the internet of things and synthetic biology is also going to have a renaissance in the later part of the 21st century in actually manufacturing in a new way. But for now, the service economy dominates Europe, the Europe mainly and the US. 60%, 70%, 80% of our GDP and our employment more enforces in the service economy so strictly an example would be financial services. What are financial services? It’s services to people run on computers and communication networks using some kind of processing to crunch numbers and a way of communicating information out. Now, the communications and computational infrastructure plus storage in the past 10 years has rocketed to more efficiency and past 20, and past 30 years. Most banks, most insurance companies are running on systems that are 10, 20, 30 years old. So the new entrance can come in with almost a green field advantage in terms of much more efficiency and now the world is again opened to new platforms of mobile, we can reach consumers for the first time that could really never be reached except through traditional expensive branches. So we are deconstructing, disrupting and innovating the whole area of financial services across probably 18 or 20 companies in our little portfolio. And it’s amazing to see our little Davids go up against the G oliaths, but they are doing very well, I am seeing incredible growth. And sometimes it not that just that we are going to disrupt and destroy the big but we’re going to offer something new that they could never do at scale, it just wouldn’t work and that is very exciting. And so if I would say it again I would simplify and say the services economy is both capital efficient for us to go after, it’s expanding, it’s very inefficient still and it has a lot of room for innovation. So, those are the keys so far we are interested in. I would say further on in the horizon, very interested by new hardware modality, internet things again and thenâ€"the intersection we call synthetic biology but that’s where essentially computation meets the human and the biological for the new developments, not done in a lab but really done on a computer almost as in CAD CAM does for engineering, makes sense?Martin: What other service industries can you identify that are right for disruption and big enough?David: Sure, sure. Travel is a huge industry, very inefficient and ready for disruption, insurance, banking, lending, real estate, education. Health care is complicated but we think there are a lot of opportunities of disruption there making it much more efficient and better, we have a couple of opportunities on our table right now in that round. And the thing about the medical science itself, it’s more about delivery and access and payment, that’s where I find the infrastructure to be lacking dramatically. Security is not exactly a vertical domain it’s more horizontal but with every new platform, the bad guys find opportunities to poke holes and so the good guys have to come and build solutions and so we see security as the new platforms arise becoming great area for us we’ve had a number of great exit’s there and new investments that are very promising, so those are a few areas that look good for us.Martin: Great.ADVICE TO ENTREPRENEURSMartin: David, you’ve see n so many entrepreneurs over the last more than 10 years, what advice would you give one of your friends who’s asking you for advice when he wants to start a company?David: Sure. I’m going first to go back to the last question and say I left out things like E-commerce and marketing, advertising, all those again all those very strong. E-commerce is the fastest growing part of retail and within e-commerce, international e-commerce is the fastest growing part of e-commerce. So those areas with payments or marketing automation or supporting the customers or finding customers, all those are super areas that we can grow into the future.Now if an entrepreneur comes to me or my colleagues at Blumberg Capital and ask for advice on what to do.First I want to ask if they have the mentality to be an entrepreneur, it’s not for everybody, it’s a very lonely thing to do, it’s very tough, the odds are against you. And yet, in your heart you knowâ€"or in your brain, combination of brain an d heart, you should know that ‘I have what it takes, I’m going to give it my best.’ And if you have that persistence and that strength of character to try and forge ahead after being told no, no, no dozens of times and then you finally hear a yes, then I say okay, first thing is know yourself.The second thing is how do you solve the world’s problems? Who are your fellow man and woman who you can you deliver something better? One of my favorite economist is Thomas Sole at Stanford and he said, ‘What is the definition of Profit? Profit is simply a recognition by others of the value you deliver to other people’. That’s a beautiful concept and unfortunately, capitalism has quite of a negative perception, many quarters of the establishment and Hollywood and literary world, the art world and so on and I think it’s very underserved. I think capitalization is the greatest force for liberation of poor people into let’s say a more reasonable middle class lifestyle. It’s ev er been in the history of the world. Remember until 1800 it didn’t really exist everyone is either a king or a surf, but another way owner or a slave, that’s what the world was until 1800 there was almost nothing else. And it’s only because of capitalism, it’s only because of moving capital around to entrepreneurs frankly from investors that you got innovation and that spiral going.So, you know, that’s a little side argument for capitalism. For entrepreneurs I think again, it’s never been a better time. So know yourself, find what you can do to help somebody else in the world with a better product, a better service. Find a team that can support you, leverage you, add to what you have as an individual and then think it through, poke it and test it, test your assumptions and don’t come to us right away until you’ve done some testing with real customers or with people who know the industry. And you’re going to get a lot of no’s and you’ll get some false signals an d there will be a lot of noise but in that noise look for the real signal and then we want to hear from you first.Martin: So when is the best time to make contact you? Is it really like when somebody is looking for funding or is it like 6 or 12 months before?David: I like to hear from people before they’re looking for funding because that gives us an advantage of being the first on the block to see it but also because we can learn the basic ideas in one meeting or encounter. We might ask them some tough questions and they’ll go back and think about it and comeback the second time better prepared and have more complete presentations.Here are the odds, we see about 5000 business plans a year and we go and invest in maybe 10 or 15, our current fund size, so it’s a very tough needle to the thread. We’re not the only game in town, there are other sources of capital, and we make mistakes as well, we don’t have perfect vision. But I would say, do your homework, it’s always easi er to raise money if you have real customers or real traction of some kind, they don’t even have to be paying customers. We’ve invested in many companies that we’re basing on the freemium model where they start with the free group that proves the value of proposition, improve the product, then we find what people are willing to pay for it. Ultimately, someone has to be willing to pay for something to make it work, makes sense?Martin: Totally. David thank you very much for your time.David: My pleasure.Martin: Next time you are thinking about starting a company and looking for funding maybe you should talk to David or his assistance and get some advice. Thanks.David: Thank you very much.Martin: Great, thank you very much David.

The Treasure Trove Of The Aging Workforce Essay - 953 Words

The Treasure Trove of the Aging Workforce Tajh T. Stegall Southern New Hampshire University Human Behavior in Organization 19 February 2015 Abstract: â€Å"The Treasure Trove of the Aging Workforce† is simply stating how individuals in today’s workforce are working past the previous established retirement age of 70. Most of the older individuals are in a fast-growing segment of older workers, averaging over the age of 55. Treasure Trove of the Aging Workforce explains how these individuals are discriminated against because of their age, low performance rate and the inability to keep up with today’s technology. Based on the case study of â€Å"The Treasure Trove of the Aging Workforce† based on the following questions: What changes in†¦show more content†¦Subheadings: Definition of Biographical Diversity There are two major forms of workforce diversity—demographical and biographical; each with smaller entities under them. â€Å"Biographical characteristics, personal characteristics, such as age, gender, race, disability, and length of service are some of the most obvious ways employees differ† (Robbins Judge, p. 45, 2015). Changes in Employment Relationships Due to Age Increase Due to the advances of medical research, people are living longer. This has allowed for individuals to extend their retirement and work past the 70. With this brings older workers back into the workforce and the possibility of discrimination of the company or management team against older workers. As the population of workforce workers are employment relationship, between employee and employer must evolve. Jobs may need to be redesigned to adhere to the fact that most individuals are of an older age. Supervisors and managers may need training in order to work effectively and efficiently with older workers. Programs of some sort may be incorporated to teach of age discrimination in the workplace—that will enlighten individuals of the benefits of having those experienced and seasonal individuals. Age Diversity Creates New Challenges for Management An aging population/workforce will most definitelyShow MoreRelatedEssay MBA Assignement 2812 Words   |  4 PagesChapter 2 Case Incident 2: â€Å"The Treasure Trove of the Aging Workforce.† Introduction As a healthcare provider I deal with aging population on daily basis. Although healthcare advances have affectively increased age of survival, it does not change the lifestyles and employment challenges in the elderly. Given the economic downturn in the last decade, significant amount of population had to change their retirement goals or had to return to workforce to maintain their lifestyles.Read MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagesfrequently sought employment as domestic workers in private homes, especially until they reached marriageable age. The new factories of East and Southeast Asia employed mostly women, creating new family dynamics in the process. As women entered the workforce, feminist planners, in particular, asked how systems of transportation, allocation of urban market spaces, provision of child care, and the design of residences might be differently configured to accommodate the needs of women, especially working

Proposal West Parking Free Essays

string(43) " coordinate traffic due to lack of budget\." Contents Introduction2 Problem2 Objectives3 Solution4 Doing Nothing4 Installing extra traffic lights4 Hiring an extra parking staff to coordinate traffic congestion5 Improving North and West Parking5 Methods6 Cost8 Benefits9 Conclusion10 References10 Introduction We propose to expand the West and North parking lots of the UAA main campus to greatly reduce traffic congestion, to save time for students and staff, and to help decrease automobile accidents. Problem The UAA main campus is a commuter to more than 15, 000 students (Common data from UAA). The countless number of vehicles commuting to and from campus creates traffic congestions and is desperately in need of more parking spaces. We will write a custom essay sample on Proposal: West Parking or any similar topic only for you Order Now Lack of adequate parking space for students and staff have negative impacts: * Road rage. The survey given in 2008 to UAA students reported that frustration due to congested traffic resulted in unsafe driving practices. Much could have been prevented if there were enough parking spaces for the vehicles that enter campus parking. * Tardiness. Delays due to finding parking space are direct consequence of students and staff being late for classes. Estimated time to find parking space may take up to 20 minutes (2008-UAA student’s survey). People usually experience high stress level due to frustration of finding parking space. Tardiness may have a direct effect on students’ performance in classes (University of Washington MDJ). * Unauthorized use of parking. UAA students admitted to have used Providence Hospital, and Goose Lake parking due to lack of adequate parking spots on campus. This unauthorized use of parking is taking away the spots reserved for the hospital’s patient, and those reserved for recreational use in the park. * Outrageous Parking Fees. The unanimous survey in 2008 for students showed concern over increased parking fees every semester, yet still not enough parking available. This is a â€Å"hot† topic next to book prices and spiking tuition. Student’s complaints are justified that if UAA is going to charge more for parking, then more parking spaces will also be required from the university. * ER access. Traffic created by students and staff vehicles at the main campus has negative impact for hospital emergencies vehicles. UAA main campus is located across the Providence Hospital, and interfering with littering the Providence Drive with students and staff vehicles may be critical of saving someone’s life where minutes or even seconds are critical to one’s well being. * Road safety. Students have reported and are concern about the pedestrian safety once they park the vehicles (2008 survey). There is no pedestrian pathway from the North and West Parking to campus buildings; walking is on the road. Concerns are mostly in wintertime, (fall and spring semesters) where icy and snowy roads, and poor visibility is a road hazard to moving vehicles and pedestrians. * Vehicle accidents. Department of Transportations (DOT) ranks the Providence Drive in top five of hazardous locations. The proximity of UAA and Hospital at Providence Drive and congested traffic at this area is responsible for high amount of automobile accidents (according to US. DOT –Federal Highway Administration). Objectives To create a solution for improved parking at UAA and traffic congestion problems issues must: 1. Include a solid development plan that would benefit students, staff, and the UAA. The students and staff would greatly appreciate adequate parking spaces for their vehicle. UAA would positively gain revenue from parking fees. 2. Ensure that parking construction is developed on time and that students attending the following semester are not interrupted with constructions issues. 3. Ensure that pedestrians’ pathways are easily accessible from parking, thus greatly reducing chance of someone being hit by a vehicle. 4. Avoid new traffic congestions on Providence Drive due to parking construction. Solution There are several potential solutions to the problems outlined earlier in the proposal. These solutions are: * Doing nothing * Installing extra traffic lights * Hiring an extra parking staff to coordinate traffic congestion * Improving North and West Parking Doing Nothing This is the least effective solution to the existing problem. By doing nothing, we cannot improve parking issues desperately sought by many students and staffs. The use of unauthorized parking in the property of Providence Hospital and Goose Lake will likely continue. Road rage will likely occur as it has. Issues of tardiness will continue if we do not take appropriate steps to solve it. By doing nothing we will not help to solve automobile accidents, impact road safety, or help with ER access (2008 survey, DOT). Installing extra traffic lights This next possible solution is to install extra traffic lights. This measure of safety and coordination of traffic would add benefit t a more regulated traffic flow, and improve the safety of the pedestrian’s crosswalks. According to Municipality of Anchorage (M. O. A), Traffic Department, Lance Wilber, said that the cost of installing traffic lights may be well over $700,000 per cross-section, depending on the location and construction plans involved. This solution seems ineffective because it does not solve the pedestrians’ safety concerns over the crossing from the parking area to the campus buildings, nor solve the lack of available parking space. This solution contributes to solving some traffic congestion at campus, but better solution is needed. In addition, M. O. A advised against installation of new traffic lights since there are already five in place at the Providence Drive. Hiring an extra parking staff to coordinate traffic congestion Hiring an extra parking staff could be a reasonable solution for traffic congestion at campus. This solution requires hiring of twelve individuals for North and West Parking, for coordinating traffic at the busiest time: mornings and late afternoon. The vehicles entering campus would be guided to available parking and pedestrians’ safety could be looked after. According to Parking Services, estimated cost for an extra staff and equipment on annual basis would amount to over half a million dollars. However, this would not help eliminate vehicle traffic at Providence Drive; in fact, traffic congestion would likely be worse than it is now. Parking Services, advised against hiring an extra staff to help coordinate traffic due to lack of budget. You read "Proposal: West Parking" in category "Essay examples" Improving North and West Parking The best solution to the problems outlined earlier in the proposal is to improve the largest parking on main campus, which is the North, and West Parking. These hold the largest accommodation of parking lots, and are easily accessible from: Providence Drive, Lake Otis Parkway, and UAA Drive-Mallard Lane. For its convenience of being accessible to the main campus and having close proximity to 13-UAA buildings, and short walking distance to other facilities, the North and West Parking is the best candidate and that needs improvement. The advantage to this solution is that it would double the available parking spaces. By creating more space, vehicles would move faster to and from campus creating less congestion on busy Providence Drive. Improvement to existing parking would add walkways to help cross over going to the campus, thus greatly improving road safety for both: the vehicles and pedestrians. Vehicle accidents, road rage, and ER access would be improved since the congestion on Providence Drive would be minimized. This solution would favorably affect the issues with tardiness and positively solve the unauthorized use of parking at Providence Hospital and Goose Lake. The cost of this project is approximately set at 2 million dollars per parking, according to Chris Nowak at Affordable Construction, and Stan Vanover-UAA Project Manager. While this may seem expensive at first glance, it is the best solution for improvement. A solution with traffic lights and hiring extra staff to control traffic congestion does not adequately address solving the problems. The only cheaper solution to improving parking is to do nothing. However, this solution though saves money does not solve the students and staff issues, or traffic congestion, and will actually create more problems and complications in the future. The benefit for UAA for this project is that it would recover accumulated expenses from parking fees over 5-7 years (Parking Services), at the same time will solve the outlined problems. This solution is the answer to the described problems, and is reasonably cost effective. Methods Description of Project This project requires adding one more level to existing floor plan, example: airport-parking style, without roof, with ramp access to another level. Second level would have connecting stairs and or elevator to first floor. The pedestrians’ pathways would be implemented between diagonal parked vehicles for safe crossing. Easily accessible ramps would be used by snow removing vehicles during wintertime; the first floor would be snow free. This project will ensure improvement in parking—double the available space, pedestrians and vehicles safety, and would reduce traffic congestion at Providence Drive due to faster rotation of moving vehicles. Pictures of North and West Parking. Note the hazardous road condition and lack of pedestrians’ walkways | | | PARTIAL UAA CAMPUS MAP(arrows point to proposed project area)| Sample pictures of 2-story parking garage with access ramps. | Cost The cost for this project has been estimated at 2 million for the North Parking, and 2, 2 million for the West Parking according to Affordable Construction. These costs include planning, materials, and labor. The planning include the cost of design, surveying, and appropriate permits for the city of Anchorage building code. The materials and labor include the cost of all construction materials and labor needed to complete the project (including 4 elevators if needed). This estimate may change due to prices fluctuation for material or labor cost. Estimate is fairly set as of November 27, 2009. The estimator predicted the low of 4 million dollars to as high as 5, 2 million dollars for this project. Significant amount of money could be saved for material if ordered early in the year from lower 48, and shipped directly. Table 1. Cost Analysis Project| Cost| Total amount| North Parking| Planning $48000Materials $1280000Labor $672000| $ 2,000. 000| West Parking| Planning $ 51000Materials $1410000Labor $739000| $ 2,200. 000| Contingency Fund| | $ 1,000. 000| | Grand total| $ 5,200. 000| Contingency Fund is set to a million dollars for the high end of the project. Ensuring early material ordering will significantly reduce this expense. Time required and Schedule for Project Completion Planning of project can begin early January 2010. The actual construction should start early May— at the end of spring semester—to ensure completion by the end of August, right on time when the fall semester begins. Construction project should take 110-120 days, ensuring as little as possible interruption with students vehicle traffic. The impact on the construction and students should be minimal as fewer students attending UAA during summer. To better illustrate time allotted for the construction, please refer to Table 2. Information for the time and construction was provided by Stan Vanover, Sr. Project Manager, for Construction at UAA. Table 2. Construction Planning Project| Task| Time allotted in days| Schedule| North West Parking Improvement| Planning beginsContractors BidsConstruction begins| 4045110| 01/4/201002/20/201005/10/2010| | Project Completion| | 08/30/2010| Benefits Reasonable cost, attracting revenues * Cost for this project is fairly priced according to UAA Project Manager. UAA will collect for parking fees and multiply revenues. Traffic congestion alleviated * Improved parking will double available space. This would mean less traffic at the Providence Drive, and smoother vehicle transition to and from campus. Pedestrians and vehicle safety improved * Walkways for pedestrians inside the campus will increase safety. Road hazards, such as the snow and ice would be eliminated on the first floor of parking, thus enhancing pedestrians and motorists safety. Conclusion Despite our economic downturn, colleges in the United States reporting increase in attendance and ever-rising tuition fees. UAA is a home to more than 15 000 students annually; in 2009 UAA reported over 1000 students more than previous year in attendance. We believe that proposed solution to parking improvement is an excellent way to reduce traffic congestion, pedestrians, and motorists’ safety, and provide adequate parking spaces. We look forward to making UAA a safer, well-developed campus. If there are any questions you may have, please contact us at your convenience. References 2008 survey, Campus Commuters Statistics can be found at: http://www. uaa. alaska. edu/opra/upload/Common-Data-Set-2008 Department of Transportation, vehicle accidents statistics can be found at: http://safety. fhwa. dot. gov/hsip/fivepercent/2008/08ak. htm UAA Parking Services comments can be found at: http://www. uaa. alaska. edu/parking/, 907. 786. 1119 Lance Wilber, Municipality of Anchorage, information on traffic lights can be found at: http://www. muni. org/Departments/traffic/engineering/Pages/Signals. aspx Information on cost analysis, construction, and planning for the project can be found from: Stan Vanover, Senior Project Manager UAA, Department of Facilities, Planning, and Construction Information on project cost estimate can be found from: Affordable Construction, Chris Nowak, 907. 245. 5722, 20907 Turnagain St, Anchorage How to cite Proposal: West Parking, Essay examples

Reaction paper view from the top free essay sample

â€Å"View from the Top† is a really must seen film. Though I’ve already watch the movie when it was aired on television I must say that it doesn’t bored me, in fact I enjoyed very much every episode. Gwyneth Paltrow the leading actress portrays her role very well besides the fact that she is really pretty and very much pleasing to my eye. She also trots around in a lot of clingy, colorfull gaudy outfits that show off her graceful hot body and her sexy attitude to impressive effect. I wonder if a Flight attendant wore the same first uniform Donna wore when she started to became a flight attendant. It’s sexy but I think no matter where you work even if it is the worst place ever you should always wear your dignity and respect. View From the Top is a romantic comedy film with all the confectionary value of love, meeting goal, perseverance, determination, right attitude and choice. We will write a custom essay sample on Reaction paper view from the top or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page At first, her character, Donna Jensen, an aspiring flight attendant from small-town Nevada, lands a job working for Sierra Airlines, a grungy local outfit whose planes have shag carpeting on the walls. It’s funny because I think she was just there since she was carried away by the inspiring words of Miss Sally when she was heartbroken, given that she has no experience of riding an airplane, she freak out. Imagine a â€Å"flight attendant to be† who should attend and calm the passenger was the first one to panic. This is a very shameful situation. Maybe it must have been better if she prepare herself to the job by means of riding an airplane before she applied for the job and observe the manner of the flight attendant when it comes to serving passenger or research about it. That way she may ace her first day of work. Donna along with her fellow sky hostesses started to dream big and went to the city to apply for the Royalty Airlines one of the famous and prestigious airline. The job hiring episode where in Mr. John interviewed Donna, Christine and the other applicants goes a little bit crazy. It shows different attitude of applicants towards the interviewer, some of them felt nervous, others sounds stupid but in the end the only thing is you have to compose yourself during interview, be honest ,confident and try to comprehend every question so that you can answer each question very well. You should also learn to accept the result when you are not hired and still be optimistic of the future ahead of you. Assess yourself what seems to be wrong on your first interview and try not to repeat it the next time. View From the Top takes place or pretends to in contemporary America, yet its stuck in a faux nostalgia for upwardly mobile second-class citizenship for women. The pivotal moment occurs when Donna gets invited to dinner at the home of her role model, Sally Weston (Candice Bergen), a legendary former stewardess (you heard me) who has written a best-selling memoir titled My Life in the Sky. Sally, whos like a cross between Tony Robbins and the Happy Hooker, preaches to Donna about the majesty of being a flight attendant. Were royalty! she says, ushering her new protege into the ultimate signifier of regal living: her sky blue walk-in clothes closet. Standing in that pastel sanctuary, Donna feels, for the first time, the power of her job, the call of a destiny that can be summed up in four dreamy, if redundant, words: Paris, first class, international. View From the Top is a movie that invites guys to drool over Gwyneth. Even as you ask yourself what Gwyneth Paltrow is doing in a movie as mildly embarrassing as this one, her grin, with its girlish delight, radiates a pure ingenuous dazzle that perks the audience right up. She has a stars ability to give pleasure by inviting you directly inside the pleasure she takes in herself. View From the Top isnt a comedy of high-flying madness or, for that matter, an inside satire of the little things that flight attendants have to endure. Its a love story in which Donna meets Ted (Mark Ruffalo), an aspiring lawyer as cuddly as a teddy bear, and is forced to decide whats more important: life with him in Cleveland or the sky route to Paris. Does she want true love, or does she want the glamorous perk of free trips to the City of Light? Why cant all choices be simple? asks Donna in voice-over. Really in real life we have to make a choice and that will never be easy. Why cant they all be window or aisle? . The movie is so stuck for conflict that it trumps up a rivalry between Donna and her stewardess comrade (Christina Applegate), a petty thief who ends up betraying her. Their climactic catfight, in which Applegate shoves Paltrows face into a giant bread roll, looks funny.. Yet the petty degradation of the moment feels like the movies real attitude coming out in spite of itself. Theres nothing disrespectable about being a flight attendant. There is, however, something patently cloying and insincere about the way View From the Top portrays flying over the glass ceiling as if that were the same thing as breaking through it.

How a new racial narrative in the U.S.A is being created

How a new racial narrative in the U.S.A is being created Introduction Demographics of race in the United States are unique and dynamic. The emergence of new racial aspects has continued to shape the racial narrative along unique social, economic and cultural lines.Advertising We will write a custom essay sample on How a new racial narrative in the U.S.A is being created specifically for you for only $16.05 $11/page Learn More New racial narrative The development of the issue of race mainly stems from the fact that racial differences among the Americans continue to take new dimensions. The views of Americans on immigration have greatly changed leading to an improvement in the manner in which Americans perceive and relate to people of different races (Martà ­nez and Rodrà ­guez 7-123). By recounting the tribulations and humiliation of five immigrant families in the U.S., the author, Rubà ©n Martinez presents unique attributes of the modern American race factor (Bufkin 23-41). Divisions in the American population emanate from the feeling of betrayal and the desire by the new immigrants to be accorded fair and equal treatment by the government and other state and federal agencies. Immigrant movements in the U.S highly influence the behaviors, beliefs and cultural practices of the new racial systems currently being established. The existence of a family of Nigerian refugees among them a sister of the renowned Nigerian, Ogoni, and activist, Ken Saro-Wiwa has transformed the manner in which immigrants into the United States of America perceive the issue of race. Other immigrants such as the Palestinian couple that has been living in the state of Chicago, two people staying in a lodge with their origin in the Dominican Republic and a few other immigrants have all led to a change in the manner in which immigrants in the country are perceived (Martà ­nez and Rodrà ­guez 59-81). As revealed by television series on issues pertaining to racial concepts in the United States, race plays a significant role in shaping people’s behavioral patterns. Immigrants into the United States transform the country through economic, social, political, religious and cultural means. The new Americans mainly focus on addressing vital economic strategies that in turn strengthen the American society. Though law enforcement is an important aspect of both the state and the federal governments, it is evident from the works of the author that social and economic statuses highly impact on the economic development of a region, state or country. Racial profiling therefore plays a negative role in discouraging social integration and instead promotes racial segregation in the country.Advertising Looking for essay on history? Let's see if we can help you! Get your first paper with 15% OFF Learn More The consumption of native food is an aspect of race that influences the integration and racial patterns which also determine the level of economic and social performance in the Unit ed States of America (Bufkin 5-13). New immigration trends in the US seem to indicate that race is no longer a major issue of concern in the lives of most American populations. Through the analysis of the lives and immigration patterns of small sized families in the United States which had been featured in PBS Documentary, the immigrants from Palestine, India, Mexico, Dominican Republic and Nigeria tend to settle in specific states in the United States. Common states preferred by new immigrants include Silicon Valley, Montana, India, and California thus giving an idea of the possible paradigm shift in the states’ racial population composition (Goldberg 98-117).Martinez narrates his unique family migration experience into the US and effectively explains the increasing changes in the American cultural practices through the adoption of the immigrant’s ethical and social practice and family values. The modernized multicultural American clan reinforces the need to strengthe n family links, foster unity in the family and the need to respect the leadership in the family ranks in line with the new cultural practices. The resistance by earlier immigrants to accommodate new practices define the challenges that the new immigrants face in their effort to integrate and form a single American family. Allegations of bad moral beliefs, uncouth social and cultural practices and the belief that immigrants are people of low social status have been rampant. Prejudices that immigrants originate from a less affluent and an inferior breed of people have continued to increase tension between the different races of the United States (Zucchino 56). The American racial narrative is therefore established on the precept that racial differences are vital, necessary and critical in enhancing unity and strengthening the cultural fabric in the country. Cultural differences with reference to people’s financial status underscore the degree to which racial concepts are re-def ined. Some of the recent immigrants are people who have amassed a lot of wealth. This fact has given rise to the realignment of wealth ownership patterns in the new America.Advertising We will write a custom essay sample on How a new racial narrative in the U.S.A is being created specifically for you for only $16.05 $11/page Learn More In some American states, discrimination based on one’s race is unheard of as people are more wealth oriented. Nonetheless, it is evident that all forms of failure, wealth and race based discrimination in the United States have only helped to increase insecurity in the country. The economic status of Americans of different races dictates the extent to which racial justice is practiced in the U.S (Martà ­nez and Rodrà ­guez 76-84). Discrimination on jobs, racism and the challenge of adjusting to the new environment are a proof of lack of racial justice in the United States. Race based justice is only practical in situa tions where by an individual has economic power. Both racial wealth and racial gaps in the United States’ population are wide and ever growing. Sadly, the wealthy people seem to be accorded preference in the justice system due to their powerful economic influence. This fact could partly be due to the popular yet unfounded belief that race and financial status of individuals are the cornerstones of the social fabric and economic mobility and stability. It can be argued that the new racial narrative in the United States is mainly being built on aspects of financial status which is a definite discriminatory approach. Such an approach has continued to deny some individuals their economic and legal rights due to their lack of economic power. The new disruption of race does not take into account the redistributive economic and racial justice approaches. The existence of racially discriminative punishment mechanisms seems to be applied with respect to one’s economic status an d not on mere racial background (Zucchino 17-34; Martà ­nez and Rodrà ­guez 8-11). There have been incidences where by certain crimes are associated with either the Whites or the African-American people. This discriminatory approach is based on the assumption that the Whites are financially wealthy and are therefore likely to commit â€Å"White color crimes† while most immigrants are assumed to be poor and are hence likely to commit â€Å"dirty crimes† such as selling drugs and robbery. Conclusion The racial narrative in the United States is clearly being defined along political and economic ideologies. As outlined above, the concepts of the new America, emergence of new trends due to entry of new immigrants and racial discrimination ignite a lot of debate. Economically endowed individuals are more influential in the United States. This fact does not take into account their racial affiliation. Racial relations are increasingly being defined by the economic status of people rather than the political ideologies in the country.Advertising Looking for essay on history? Let's see if we can help you! Get your first paper with 15% OFF Learn More Bufkin, Sarah. North Carolina General Assembly Votes To Repeal Landmark Racial Justice Law, Think Progress: Justice, USA: Thinkprogress, 2011.Print. Goldberg, Julia. How The Minutemen Play on Fears and Fantasies, Immigration, Mexico: Santa Fe Reporter, 2011.Print. Martà ­nez, Rubà © and Rodrà ­guez, Joseph. The New Americans: Seven Families Journey to Another Country, USA: New Press, 2005.Print. Zucchino, David. Death penalty vacated under North Carolinas racial justice law, USA: Los Angeles Times, 2012.Print.