The Overthrow of Roe c. Wade has sent huge shockwaves across the United States, and while the nation is slowly recovering, the business community is already starting to take action. Founders are reassessing where they open their businesses, not wanting to lure employees into a state that doesn’t support reproductive rights, and investors are considering adding health care to environmental, social and governance criteria to help spur growth. innovation in space.
And as the midterm elections approach, the stakes are only rising for people advocating for reproductive access, equality for the LGBTQ+ community, and in some cases, just global equality. . It is imperative to examine the role that the company plays. Billions are expected to be deployed throughout the year, and a display of economic prowess remains one of the few ways to capture the nation’s attention.
So we decided to interview eight investors about Roe’s reversal, the impact of the Dobbs decision on the broader venture capital community, and what they think of activism through investing.
MATR Ventures partner Hessie Jones said abortion rights, for example, go to the heart of human rights, privacy and poverty. As a result, this will impact how she conducts due diligence on businesses in the future.
“What is clear is that apps that have been used to help women manage their menstrual cycles can be weaponized at the state level with mandates to identify those who might seek abortions,” he said. she told TechCrunch. “Due diligence must extend beyond the founder’s ‘intentions’ and look at current customers using the technology.”
Like many investors we spoke to, McKeever Conwell, the founder of RareBreed Ventures, said his first response to Roe’s reversal was a sense of “utter disgust.” He feared it would set a precedent in terms of other cases that could be easily overturned.
“It’s a very, very dangerous thing because we now have a group of life appointees who have the ability to set a precedent that could overturn or establish agendas that aren’t voted on by the public,” Conwell said.
However, he also noted that these policy decisions have a tenuous relationship to the general mantra of venture capital investing: “Our job is to make money for people, and lots of people we make money for.” money are those who do not. care about these rights. This is the reality of the situation. »
Read the full survey here to learn how these VCs plan to invest in reproductive technologies, what issues they’re watching for, and how best to present them.