Pledge 1% - Cloud 100 2021

TL;DR

Salesforce Ventures and Bessemer Venture Partners recognize Guild Education for their commitment to social impact.

Transcript

thank you again for joining salesforce ventures best summer venture partners in forbes for the 2021 cloud 100. time and time again we have seen cloud 100 honorees step up to leverage their time products profits and talent to support their communities and help us navigate this new world we've seen more and more businesses set aside a percentage of t... Read More

Key Insights

• ❓ Cloud 100 honorees are leveraging their resources to support communities and tackle societal challenges.
• 😫 Pre-IPO companies are setting aside equity for future social impact funding.
• 🧑‍🎓 Guild Education's business model ties revenue to student success outcomes, ensuring accountability and aligning incentives.
• 🤔 The events of 2020 prompted companies like Guild Education to think about broader social impact and provide support beyond their core mission.
• 🤗 Open-sourcing technology and partnering with non-profits are effective ways for companies to contribute to social impact.
• ❓ Employee engagement and volunteer programs are essential for fostering community involvement and philanthropic efforts.
• 🥹 Pledge 1% and B Corp community hold organizations accountable in their social impact work.

Questions & Answers

Q: What is the Pledge 1% movement?

The Pledge 1% movement encourages companies to allocate a portion of their equity, time, product, or profits for social impact. It aims to inspire and empower businesses to make a difference in their communities.

Q: How does Guild Education contribute to social impact?

Guild Education focuses on unlocking economic opportunity by providing education and upskilling programs to millions of employees. They also engage in community support, volunteerism, and fundraising for various causes.

Q: How did Guild Education respond to the events of 2020?

In response to the challenges of 2020, Guild Education open-sourced their technology, partnered with Skill Up to help displaced workers, and implemented a benefit for employees to have paid days off for volunteering and civic engagement.

Q: Why is the Pledge 1 Impact Award meaningful to Guild Education?

Guild Education's mission is aligned with the Pledge 1% movement, and they have embraced a double bottom line business model. This award recognizes their commitment to creating positive societal outcomes through education and community support.

Summary & Key Takeaways

• Salesforce Ventures and Bessemer Venture Partners support the Pledge 1% movement, encouraging companies to dedicate a percentage of their equity to fund social impact initiatives.

• Guild Education, recipient of the Pledge 1 Impact Award, is a company dedicated to providing education and upskilling opportunities for American workers.

• Guild Education demonstrated their commitment to social impact by open-sourcing their technology, supporting non-profit organizations, and empowering their employees to give back to their communities.