![]() Lucinda Shen Twitter: Mathews compiled the IPO and SPAC sections of this newsletter. Which means we may see more exits from journalism in favor of the VC industry to come. While venture capital firms looking to go direct with their content is not exactly new (one example being Josh Constantine, who joined SignalFire in 2020 from TechCrunch as head of content), it does feel true that more and more firms are looking to build in-house content chops in this moment of heavy expansion for venture capital. This also comes after Eniac Ventures hired Anthony Ha from TechCrunch as vice president of content earlier this year and a16z hired Maggie Leung from NerdWallet in January to also focus on content. Another journalist, the Protocol Senior Reporter Megan Rose Dickey, also announced plans to take up a new hat as chief content officer at Backstage Capital on the same day. His move though isn’t happening in a vacuum. Needless to say, I’m sad to see him go but excited to see what he does there. Having co-founded Fortune’s crypto-focused Ledger franchise, it’s a natural jump to his soon-to-be new role as the lead for content and editorial for the investing giant’s crypto fund. NOT A JOKE: To my dismay (and to the great gain of his new employer), my colleague, Robert Hackett, announced plans to depart journalism for no other than Andreessen Horowitz on Monday. But here’s one to optimism-to hoping that these companies and others will aim as true as possible when it comes to a Life as It Can Be. We may not ever get back to Life As We Know It. Valued at about $11 billion, electric vehicle battery-cell maker Northvolt aims to make the process of making the cars themselves more green, while French second-hand electronics startup Back Market hopes that you’ll buy fewer iPhones in your lifetime. The Mom Project, backed by investors such as Leeds Illuminate, wants to bring more women into the workforce after the pandemic took an outsized number out of corporate America compared to their male counterparts. While smaller, these businesses are looking to tackle outsized issues at a time when the COVID-19 crisis has served to aggravate inequalities around the world, and as problems including climate change and food insecurity seem on the constant verge of ending Life As We Know It. By contrast, the Impact 20 points to relatively smaller venture-capital and private-equity-backed companies looking to improve lives as part of their business model-turning ESG and sustainability from buzzy terms into simple parts of everyday operations. Our annual Change the World list points to the giants of industry doing good with their dollars. While the adage is usually wielded in the context of changing habits for the better, it also applies here to Fortune’s annual Impact 20 list.
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