New effort to reform early education gives some a sense of deja vu

The line behind the microphone snaked down the aisle, as two dozen people stepped up to advocate for their slice of the early childhood education pie. Several members of the local education workers union argued for collective bargaining rights for child care workers. A representative from the research policy center Zero to Three spoke up “on behalf of the near 1.5 million infants and toddlers in California,” while someone from First 5 LA mentioned the need for more transitional kindergarten opportunities for four-year-olds. It was the second public hearing of California’s…

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Does It Make Sense for Investors to Pay Carried Interest?

For years, I have resisted paying carried interest to accelerators as a way to invest in start-up companies because I have thought about the decision incorrectly. Recently, a couple of smarter investors than me set me straight by getting me to focus on what really matters — the math. Over the years I have resisted paying carry for two reasons, neither of which is very good. First, I get a lot of utility out of investing in startups. I like working with and talking to founders. If I put money…

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