Historically, venture capital firms have been the first investors in many of the world’s largest and most influential companies. The business model, culture, and values of global companies are often shaped in the early years of a company’s development, and venture capital firms as the first investors and board members play an important role in this process. 

In the last few years, the world’s largest tech companies have run into major challenges in managing societal issues—the result of which has been governments, media, and activists taking a much deeper look how foundational values and cultures were shaped.

This discussion paper highlights several challenges and some potential solutions for advancing the management of societal impacts of venture capital firms and portfolio companies. 

The Technology Factsheet Series offers a brief overview of the technical aspects of salient technologies and their policy relevance for Congressional members and their staff.

Harvard Kennedy School’s Belfer Center for Science and International Affairs’ Technology and Public Purpose Project (TAPP) and Harvard Business School’s Arthur Rock Center for Entrepreneurship co-hosted Reimagining Investing in Frontier Technology on May 15, 2019. This workshop convened over 70 investors (Limited Partners and General Partners), entrepreneurs, technologists, and others investing in and building frontier technologies in areas including artificial intelligence, genome engineering, advanced computing technologies, and more. The workshop explored the challenges investors and entrepreneurs face in bringing products to market in ways that maximize their benefits to society while minimizing harms.

This pre-session briefing document for the Boston Tech Hub Faculty Working Group provides background information on the subject of venture capital investment in emerging technologies; identifies current controversies, debates, and/or outstanding questions about the subject; poses discussion questions; and recommends relevant readings.