Irma Olguin, Jr. (Bitwise Industries) and Morgan Simon (Candide Group) - Innovating for Social Impact

Entrepreneurial Thought Leaders (ETL)

Stanford eCorner

Journey, Startups, Education, Stanford, Culture, Strategy, Stanford University, Entrepreneurship, Business, Life Lessons, Thought Leadership, Creativity, Etl, Challenges, Leadership, Innovation, Founders

4.4 • 739 Ratings

🗓️ 20 April 2022

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Irma Olguin, Jr. is the CEO and co-founder of Bitwise Industries, a startup founded in Fresno, California that aims to create diverse tech workforces that can reinvigorate underestimated cities across the United States. Morgan Simon is a founding partner of Candide Group, which works with families, foundations, athletes, and cultural influencers who want their money working for justice. She is also the author of Real Impact: The New Economics of Social Change. In this conversation with Stanford associate professor Chuck Eesley, Olguin and Simon discuss how impact investors can help a startup grow and how impact-driven organizations can shape the technology sector into a force for equity and social change.

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Transcript

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0:00.0	Who you are defines how you build.
0:06.8	This is the Entrepreneurial Thought Leaders series.
0:10.7	Brought to you by Stanford E. Corner.
0:14.4	Good afternoon. I'm Chuck Easley, and I'd like to welcome you to the Entrepreneural Thought
0:19.5	Leaders series, presented by STVP,
0:23.2	the Entrepreneurship Center in Stanford School of Engineering and BASIS, the Business Association
0:28.5	of Stanford Entrepreneurals students. Today, I'm delighted to welcome Irma O'Gurgoin Jr. and
0:34.3	Morgan Simon to E.T.L. In 2013, Ir 2013, Irma Ogden Jr. co-founded Bitwise Industries
0:41.1	to create a diverse tech workforce in Fresno, California and leverage a bottom-up approach
0:47.0	as the economic driver to reinvigorate the city. In 2019, Bitwise Industries secured one of the
0:53.6	largest series A rounds of funding ever for a female Latinx-led company.
0:59.0	Bitwise Industries now operates with the goal of building tech economies in underestimated cities across the United States.
1:08.0	Morgan Simon has close to two decades of experience making finance a tool for social justice.
1:15.0	In that time, she has influenced over $150 billion and is regularly sought out as an expert on
1:21.8	impact investing. Her book, Real Impact, The New Economics of Social Change, has been featured everywhere from Harvard Business School to the United Nations.
1:32.7	She's a founding partner of Candide Group, which works with families, foundations, athletes, and cultural influencers who want their money working for justice.
1:42.1	Welcome, Irma and Morgan.
1:45.5	Thanks so much for having it. Hey, thanks for being here. So, Irma and Morgan. Thanks so much for having it.
1:50.8	Hey, thanks for being here. So Irma, let's start by digging into your entrepreneurial journey with Bitwise. And before we get to the point where you connected with Morgan to kick things off,
1:57.2	could you explain to our audience what Bitwise Industries does for those who aren't familiar
2:02.5	with the company?
2:04.0	Yeah, I'd love to.
	...

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