What is a Very Impactful Person?

On the morning April 8, 2014, Stanford Graduate School of Business’ Very Impactful People course had an emergency:  A scheduled speaker had come down with the flu and had to cancel her talk.  Shortly, an “Urgent” flagged email arrived, asking for Urban Logic’s founder to substitute for a class two hours later.

This talk, to Stanford undergraduates and others, tried to explain how a social entrepreneur comes to be so.  What life paths take anyone into the field of social entrepreneurship from the standard professional or academic fields?  What life lessons does working as a social entrepreneur teach?  What humility is learned as a social entrepreneur?

Today, most MBA programs offer courses in social entrepreneurship.

Like cooking, photography or pottery, some skills are best learned by doing, in the field, with all of the uncertainty of outcomes and certainty of technique one can glue together.

Bruce Cahan

Bruce Cahan is CEO and co-founder of Urban Logic, a nonprofit that harnesses finance and technology to change how systems think, act and feel. He is an Ashoka Fellow, an Adjunct Professor at Stanford University's Department of Civil and Environmental Engineering, a Distinguished Scholar at Stanford mediaX and a former CodeX Fellow at Stanford's Center for Legal Informatics. Bruce was trained as an international finance lawyer at Weil Gotshal & Manges in NYC (10 years) and as merchant banker at Asian Oceanic in Hong Kong (2 years). Bruce graduated The Wharton School at the University of Pennsylvania (B.S. Economics 1976) and Temple Law School (J.D. 1979). Bruce has been licensed to practice law in California (2006), New York (1980) and Pennsylvania (1980).

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Technology takes over the Law
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Technology takes over the Law

Our commercial world is becoming a cascade of EULAs:  End Use License Agreements, shrink-wrapping us and our rights and remedies into confirming to however the product or service offeror sees fit to treat consumers.  Not just software, but banking online, employment applications, job search sites, and even places where dinner reservations are made impose a daily diet of EULAs, beyond human reading capacity.

These agreements are so frequently a facet of our lives – a kindred spirit – that few of us read or have the time to read them.  So we “click-through” EULAs, unaware and seemingly uncaring of the risks, value-barter, and consequences of trusting merchants with consumer identity, credit card number, social security or their digital detritus from hours of browsing, dripping cookies through the cyberspace of disconnected lives connected for commercial and surveillance purposes through the Internet.

In a wired economy ruled by contract law speeding transactions faster and faster, the legal gymnastics of navigating what one’s rights are is attracting startups to build applications that can “read” what EULA or other document is being presented (e.g., EULAlyzer), interpret its variance from a “normal” contract or other document, and generate alternative verbiage as a negotiated compromise (e.g., Docracy).

Likewise, high legal fees for litigation drawn out over multiple years are being whittled down by various automated research and discovery services (e.g., Lex Machina for patents or Blackstone Discovery for litigation discovery), and mediation services to accelerate compromise or resolution of disputes in commercial, family and other litigation settings.

For lawyers, technology has moved beyond Microsoft Office’s Word  for creating documents, Excel for spreadsheets and Adobe PDF for storing documents.  Technology has now come to dominate the function of lawyering, and the tasksNYC Checker Cab that clients formerly paid only lawyers and paralegals to perform.

The technology-phobic lawyer, clinging to her barely “smart” Blackberry inside a New York City taxicab, may want to retool and reconsider the landscape created by technologies conquering the law.

The bedside manner of the national and state bar associations may not yet fully understand the profound changes coming to the practice of law.  To keep up with current trends, for starters, to glimpse into the future, check out Stanford University’s CodeX:  Center for Legal Informatics, where legal tech startup founders graze and launch from regularly.

Bruce Cahan

Bruce Cahan is CEO and co-founder of Urban Logic, a nonprofit that harnesses finance and technology to change how systems think, act and feel. He is an Ashoka Fellow, an Adjunct Professor at Stanford University's Department of Civil and Environmental Engineering, a Distinguished Scholar at Stanford mediaX and a former CodeX Fellow at Stanford's Center for Legal Informatics. Bruce was trained as an international finance lawyer at Weil Gotshal & Manges in NYC (10 years) and as merchant banker at Asian Oceanic in Hong Kong (2 years). Bruce graduated The Wharton School at the University of Pennsylvania (B.S. Economics 1976) and Temple Law School (J.D. 1979). Bruce has been licensed to practice law in California (2006), New York (1980) and Pennsylvania (1980).

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Why Sustainable Banking Matters at Stanford

Why Sustainable Banking Matters at Stanford

At Stanford University, in the Engineering School, and in the d.school (Design School), and in the Law School’s Steyer-Taylor Center for Energy Policy & Finance, in the Graduate School of Business, and nearly all parts of the campus, sustainability matters.

Stanford is buzzing with students and faculty creating next-generation energy, construction, transportation, food, housing and other solutions that extend the lifecycle of resources used by our generation, and steward resources for future generations.

Designing solutions that repurpose the built environment and respect Nature’s own design quest to add resiliency that mitigates climate and other conditions is admirable.  In their own expert and innovative ways, biomimicry writ large.

Whither the bankers?  Where liveth they?  Harken the bankers back to a world underwriting to profit capital by destroying human or natural capital?  Is the legacy of un-sustainability banking – even digitized to nanosecond trading efficiency – the best that can be innovated?

In order to redesign sustainable cities and businesses, the banks that hold our deposits and create the rules for lending capital must understand sustainability, and must evolve to create Sustainable Banking that keeps the bank safe as an institution, keeps the customer of the bank safe throughout their personal or business lifecycle, and keeps the regions impacted and their quality of life safe.

When the Stanford graduates with sustainability ideas and business plans tucked into their gaps and gowns can show up in a bank and have a banker reward the startup business for adding sustainability, the banks will be safer, and make regional  of life safer, for all.

Through an active collaboration with Stanford, Urban Logic is pushing forward a Sustainable Banking Affiliates Program, and more:  Check out – SustainableBanking.Stanford.edu.

Bruce Cahan

Bruce Cahan is CEO and co-founder of Urban Logic, a nonprofit that harnesses finance and technology to change how systems think, act and feel. He is an Ashoka Fellow, an Adjunct Professor at Stanford University's Department of Civil and Environmental Engineering, a Distinguished Scholar at Stanford mediaX and a former CodeX Fellow at Stanford's Center for Legal Informatics. Bruce was trained as an international finance lawyer at Weil Gotshal & Manges in NYC (10 years) and as merchant banker at Asian Oceanic in Hong Kong (2 years). Bruce graduated The Wharton School at the University of Pennsylvania (B.S. Economics 1976) and Temple Law School (J.D. 1979). Bruce has been licensed to practice law in California (2006), New York (1980) and Pennsylvania (1980).

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