In this episode of Capital for Good we speak with Maria Ressa, the globally celebrated free speech champion, journalist, entrepreneur, dissident, and winner of the 2021 Nobel Peace Prize for her work “to safeguard freedom of expression, which is a precondition for democracy and lasting peace.” Ressa is a co-founder of Rappler, one of the most influential media platforms in the Philippines. For her reporting on the administration of President Rodrigo Duterte, Ressa was threatened, arrested, tried, and convicted of cyberlibel, facing over one hundred years imprisonment. Today Duterte has been arrested by the International Criminal Court and awaits trial in the Hague, Ressa has been cleared of nearly all charges, and her work as a journalist and activist continues as she warns of the very real world challenges of online disinformation.

We begin with Ressa’s earliest days in the United States, when her family immigrated in 1973 after martial law had been declared in the Philippines. We discuss the importance of her education in those years, in elementary, high school, and at Princeton, and the support of those who “taught her to keep learning,” lessons that would inform her pursuit of journalism when she returned to the Philippines. “I fell into journalism,” Ressa says, as she found it to be critical “connective tissue between government and the people,” and a way to “hold power to account.” She and three fellow journalists launched Rappler in 2012; by 2016, when Duterte was elected President, Ressa found herself persecuted by the government — threatened, arrested, tried and sentenced to over one hundred years in prison — for reporting on its corrupt and increasingly authoritarian practices. We discuss Ressa’s fight for her rights “as a journalist and a citizen” and her realization that technology could accelerate misinformation, distort truth, and blur the boundaries between the virtual and real world. “A lie told a million times becomes a fact,” she says. Ressa chronicles these experiences in her 2022 memoir and call-to-arms How to Stand up to a Dictator: The Fight for our Future.

Ressa cautions about the dangers of and linkages between the weaponization of algorithmically driven disinformation — and illiberalism worldwide. “Without facts you can’t have truth, and without truth you can’t have trust. The only government that exists without trust is a dictatorship: you can’t have journalism or democracy.” In her own work, she and Rappler are building upon the Matrix protocol, a secure, open-source decentralized platform that has the potential to become a global independent news distribution outlet.

Although she is deeply concerned — “I feel like Cassandra and Sisyphus combined,” she says – Ressa also maintains her faith in the power of people to come together for change. “It’s all about community,” she explains. “We are standing on the rubble of the world that was; we need to take responsibility for the world we want. We can build a world that is more just, more equitable, more sustainable; we can do this if we decide to come together, to demand better.”

Thanks for Listening!

Subscribe to Capital for Good on Apple, Amazon, Google, Spotify, or wherever you get your podcasts. Drop us a line at socialenterprise@gsb.columbia.edu.

Mentioned in this podcast:

• Maria Ressa Nobel Prize Lecture, (2021)
• How to Stand up to a Dictator: The Fight for our Future, (Harper Collins, 2022)
• A Thousand Cuts, (Frontline, 2021)

In this episode of Capital for Good we speak with Emma Bloomberg, the founder and CEO of Murmuration, a nonprofit technology company that works with local organizations to amplify the power of civic engagement by providing the data, tools, and research necessary to build healthier and more equitable communities. Bloomberg has been working with communities and leaders for over 20 years to tackle some of our country’s most pressing challenges. She founded Murmuration with the belief in the power of community driven civic engagement to affect sustainable systems change.

We begin the conversation with some of Bloomberg’s formative personal and professional experiences: her childhood “rooted in deep civic engagement,” and the belief that we all have “a responsibility to help make our community a better place;” the opportunity, just out of college, to work on her father Mike Bloomberg’s first mayoral campaign; an early stint in city government focused on the creation of the 311, New York City’s government service information line, and her time at the Robin Hood foundation, New York City’s largest poverty fighting nonprofit and philanthropy.

Over the years, and through her work with many community-based organizations, Bloomberg observed how access to better tech and data infrastructure could make their work more efficient, effective, and therefore higher impact. Murmuration set out to solve this problem by serving community organizations with tools, data, and, more recently, research and insights — often tailored to a very local context.

We explore critical decision points in Murmuration’s ten-year evolution, including the choice to understand community organization needs and fit with existing products in the marketplace, curate those off the shelf tools and data, identify gaps, acquire the IP of existing tech companies, and only then begin to create tools in-house with requisite partner knowledge and engineering and product development expertise. Bloomberg also explains what it means to be a truly mission driven technology company, electing to incorporate as a nonprofit (versus a fully commercial entity) to better serve the needs of community-based organizations.

We end with a discussion of Murmuration’s newest offerings — original research and insights — among them a three-year deep dive into the aspirations, concerns, beliefs and behaviors of Gen Z, including those related to political and civic engagement, and “civic pulse,” a continuous tracking survey that collects daily responses from Americans across the country about how they feel and what they care about, providing real time insights into community well-being and local engagement.

Despite the many challenges nationally, Bloomberg remains optimistic. “I am hopeful because I believe in the importance of community organizations; I think of them as the engine of sustainable change,” she says. “Local organizing, in communities, in neighborhoods, that’s where people can feel impact, and that impact is ultimately power.”

Thanks for Listening!

Subscribe to Capital for Good on Apple, Amazon, Google, Spotify, or wherever you get your podcasts. Drop us a line at socialenterprise@gsb.columbia.edu.

Mentioned in this podcast:

• Murmuration
• The Memphis Lift
• Insights by Murmuration Substack
• Murmuration Research and Insights (website)

In this episode of Capital for Good we speak with Kevin Ryan, one of New York’s leading internet entrepreneurs and investors, and often called the “Godfather of NYC tech.” Ryan is a co-founder of MongoDB, Business Insider, Gilt Groupe, Zola, Pearl Health, and Transcend Therapeutics, and every year founds and invests in new companies through AlleyCorp, the New York based venture fund and incubator. Ryan is also one of New York’s driving civic leaders, serving as vice chair of the Partnership for New York City, a founding board member of Tech:NYC, and a gubernatorial appointee to numerous commissions focused on New York’s economic and civic health and well-being.

We begin with Ryan’s early and pioneering days as a 1990s internet entrepreneur. As the president of DoubleClick, he grew the company in two years to 2,000 people across 25 countries, took it public, navigated the dotcom bust and sold it to Google in 2007. We discuss AlleyCorp’s unusual model as early-stage investor and incubator, and Ryan describes AlleyCorp’s most recent investment vertical, economic infrastructure, focused on the economic mobility of low- or middle-income Americans: “the 80% of families who power our economy.” This has meant identifying and backing entrepreneurs pursuing innovations in health equity, fintech, and workforce development with companies like Patch Caregiving, a first of its kind employer sponsored emergency childcare provider for frontline workers.

We also explore the growth and vibrancy of New York’s tech industry. New York City is one of the world’s fastest growing and most valuable technology hubs, and Ryan explains how and why it powers the local and regional economy, and measures the city and state can take to continue to foster the ecosystem and its critical contributions to New York’s dynamism and social fabric.

Thanks for Listening!

Subscribe to Capital for Good on Apple, Amazon, Google, Spotify, or wherever you get your podcasts. Drop us a line at socialenterprise@gsb.columbia.edu.

Mentioned in this podcast:

• AlleyCorp

• Patch Caregiving

• Partnership for New York City

• Tech:NYC

• “Empire AI”: New York State AI Consortium

In this episode of Capital for Good we speak with Maria Teresa Kumar, the nationally celebrated social entrepreneur, civic and political operative, journalist, commentator and co-founder and CEO of Voto Latino, the nation’s largest Latino voter registration organization.

We begin by discussing some of the formative experiences that shaped Kumar’s passion for politics and civic engagement, including her childhood in a bicultural family and community in Northern California, where she learned how to navigate and bridge difference, real and perceived, to find common cause. In these years and environment, shaped in part by Prop 187 and anti-immigrant sentiment and policy, Kumar learned first-hand how young people in Latino and other immigrant households were critical to mobilizing their families and communities — to become citizens and voters — and in the process dramatically shift electoral outcomes to better reflect community needs.

In 2004, with the recognition that Latinos were the second largest demographic group in the country, Kumar and Rosario Dawson founded Voto Latino, centering voter mobilization efforts on young people, and using technology and other pop culture and media tools “to market democracy every single day.” In the twenty years since, Voto Latino has registered over two million voters and played a central role in flipping a number of swing states in various elections.

We cover the 2024 election, and the widely held interpretation that Latino voters’ shift to the right contributed to the election of Donald Trump. Kumar notes that while some Latino voters did shift right, many more stayed home in 2024 (38 percent) than in 2020 (27 percent). She believes this reflects broader anxiety and frustration; Latinos, who disproportionately bore the economic toll of the pandemic, and have continued to struggle with persistent affordability challenges and unresolved immigration reform, did not see their needs adequately addressed by either party. Today, Kumar suggests that most Latinos, even those who voted for Trump, believe the President has gone too far, a sentiment reflected in recent survey data from Voto Latino and the Latino Community Foundation.

Looking ahead, Kumar argues that it is critical to re-engage voters, and to use “culture at scale” — thoughtful conversations, podcasts, influencers, other creative engagement tools, to address needs and “remind people that when they participate government does work, government can be kind, and it’s the will of the people.” She also notes that at this moment it is critical for citizens to hold government accountable.

“2024 was really painful,” Kumar says. “We’re feeling what happens when we don’t participate. But 2026 is right around the corner… We have the ability to inspire, aspire, and to imagine getting to that more perfect union. And that takes all of us.”

Thanks for Listening!

Subscribe to Capital for Good on Apple, Amazon, Google, Spotify, or wherever you get your podcasts. Drop us a line at socialenterprise@gsb.columbia.edu.

Mentioned in this podcast:

• Voto Latino
• Survey Data and Report, (Voto Latino and Latino Community Foundation, 2025)

In this episode of Capital for Good we speak with Greg Shell, a seasoned investor, civic leader, and partner at Goldman Sachs Alternatives, where he leads the firm’s inclusive growth strategy.

Over the course of the conversation, we discuss how Shell’s three decades and expertise in investing, and his commitments to creating opportunity and greater economic and social mobility, for many years pursued through board leadership and community and nonprofit engagement, have come together in impact investing, first at Bain Capital, and now at Goldman Sachs Alternatives.

Shell explains that he believes deeply in the power of capitalism — the power of the profit model to drive innovation, opportunities for ownership and wealth building, economic growth — and that the current system is failing to deliver broad based economic and social mobility. He notes that stagnant wages, growing income and wealth inequality, and deep and real economic insecurity, are all profound challenges, but ones that must and can be addressed.

“Our economy would be bigger and faster growing if more people could participate and contribute fully,” Shell says. This is also the thesis of the private equity strategy he leads at Goldman Sachs Alternatives that invests into affordable and high-quality health care, education and workforce development, and financial inclusion. In each vertical, Shell’s team identifies companies that focus on remedying exclusion as social and economic challenge and market opportunity, where need drives demand, innovation expands access, and both lead to social impact and strong business fundamentals. We walk through two portfolio examples in education (online literacy intervention) and health care (autism services).

Despite the turbulence of the current environment, Shell is optimistic. “Human capital is the first, best and greatest asset we have,” he says. “Investing in human capital is always the right decision, and if we do it the right way” can deliver extraordinary returns, on every dimension.

Thanks for Listening!

Subscribe to Capital for Good on Apple, Amazon, Google, Spotify, or wherever you get your podcasts. Drop us a line at socialenterprise@gsb.columbia.edu.

Mentioned in this Episode

• Goldman Sachs Inclusive Growth

In this episode of Capital for Good we speak with veteran investor and climate activist Tom Steyer. Over twenty-five years, Steyer founded and ran Farallon Capital Management, a $36 billion multi-strategy global investment firm. In 2012 he stepped away from Farallon to dedicate his time, resources, and energy to mobilizing climate action: clean air and energy initiatives in California; climate focused ballot initiatives in numerous states; youth voter engagement and mobilization (NextGen America); and a 2020 Presidential run largely focused on the climate crisis. Today, Steyer is the co-executive chair of Galvanize Climate Solutions, a climate-focused investment firm, and the author of Cheaper, Faster, Better: How We’ll Win the Climate War.

We begin the interview by discussing Steyer’s parents, both civically engaged members of the Greatest Generation. In his father’s case, a lawyer who served in the Navy and then as a prosecutor at Nuremberg. Steyer describes World War II as a crucible moment for Americans — galvanizing collective action and a sense of being part of something larger than oneself. For Steyer, the climate fight is a similar calling.

We discuss why, despite current political headwinds, the momentum behind the climate revolution — the transition to net zero via the development and adoption of low carbon technologies — is very much alive, well, and accelerating. In Steyer’s view, this is because of the dramatic decline in costs of renewables — solar and wind are now the cheapest forms of energy — and because applied technologies like batteries and electric vehicles continue to improve in quality and cost, driving demand. “This is not eat your gruel,” he says. “It’s cheaper, faster, better. When you put eight billion people on a problem, they solve it.” We also explore promising new technologies coming on-line, from geothermal energy and AI optimization of the electric grid to geosynthetic seawalls.

While these new technologies will enable the transition, Steyer notes that “climate capitalism” also requires new rules and policies to speed innovation and deployment; ultimately this means paying for carbon pollution. He argues that despite objections to the idea of a “tax,” people are already paying — in the form of destruction to homes, businesses, livelihoods, health — though often it is the most vulnerable, those who have contributed the least to the problem, in the United States and around the world, who bear the cost.

We conclude with a call to action. Historically, Steyer reminds us, “we’ve chosen to do the right things, even when they’re hard, and that has always paid off for us, and it will always pay off for us. That is who we are, and that is where this world is going. This revolution is happening. Our job, as Americans, is to be at the forefront.”

Thanks for Listening!

Subscribe to Capital for Good on Apple, Amazon, Google, Spotify, or wherever you get your podcasts. Drop us a line at socialenterprise@gsb.columbia.edu.

Mentioned in this podcast:

Cheaper, Faster, Better: How We’ll Win the Climate War, (Spiegel and Grau, 2024)