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Masters of Scale

Better metrics for better culture, part 1, with Kapor Capital’s Mitch Kapor & Dr. Freada Kapor Klein

Masters of Scale

WaitWhat

Business, Jeff Berman, Startups, Reid Hoffman, Management, Diversity & Inclusion, Mindset, Bob Safian, Entrepreneurship

4.64.4K Ratings

🗓️ 20 June 2023

⏱️ 37 minutes

🧾️ Download transcript

Summary

Can you build with conscience and still succeed? Mitch Kapor & Dr. Freada Kapor Klein certainly think so. As tech industry veteran founders and investors, Mitch and Freada have long embraced non-traditional metrics that put humans at the center. Mitch co-founded Lotus, the 1980s software giant, and hired Freada to help make the company “the most progressive employer in the U.S.” And years later, their early-stage VC firm, Kapor Capital, aligns their portfolio with their values, investing in companies that close gaps in access and opportunity. Human-centered metrics don’t just improve cultures — they improve the bottom line.

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Transcript

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0:00.0

Hi, it's Bob Safian. You've been hearing me as the host of rapid response in this feed for a few years now,

0:07.8

with short newsy interviews alongside the deeper dives of Masters of Scale. Well, I'm excited to share that rapid response is expanding into its own feed.

0:17.0

We'll be putting out shows twice a week, focusing on the urgent issues that business leaders are dealing with in real time.

0:24.7

So search for rapid response in your podcast player and subscribe to make sure you get all our episodes.

0:31.2

I'll see you on the other side.

0:33.0

In the 60s I remember seeing a television show called Queen for a Day.

0:39.0

The host would interview these ladies.

0:42.0

Wait till I tell you everything.

0:44.0

Then the audience would decide through something called the applause meter.

0:48.0

Let's hear it for contestant number one.

0:51.0

Mm-hmm.

0:53.0

Contestant number two.

0:55.0

We have a winner.

0:59.0

And I'm thinking to myself, oh my gosh.

1:02.0

Oh my gosh. Oh my gosh.

1:05.0

What a way to engage the audience so that they are part of the show.

1:28.0

That's Fred. the the Punderdome. You are about to experience New York's most pun-tasty competition, The Punderdome!

1:31.0

Are we ready to do the dome?

1:36.1

As Punderdome's co-creators, Fred and his daughter, a comedian Joe Firestone, were faced

1:40.6

with a challenge.

1:42.0

How do you create metrics for something as subjective as word play?

1:46.3

That's when Fred remembered Queen Friday's applause meter.

...

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