Autumn Burke
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- Milken Institute1h 6m
Gender Equity Leadership in a Time of Transition
Lauren Gustus, Autumn Burke, Laura Friedman, Cassandra Pye, Jennifer Siebel Newsom, Chris Silbermann, Kevin Clowden
The Milken Institute California Center convened a summit in Sacramento to replace previous state conferences with a strategy focused on data-driven policy recommendations and actionable solutions for workforce and gender equity challenges. A new study by Jessica Jackson highlighted critical disparities, including California's lower female labor participation and legislative representation compared to national averages, while panelists detailed how structural barriers like residency laws and unconscious bias perpetuate these gaps. In response to these findings, corporate leaders and state legislators outlined initiatives such as the "50-50 by 2020" target, expanded harassment definitions, and mandatory bystander training, with the collective prediction that a female governor will be elected in California within the next eight years.
- Milken Institute58 min
Alternative Small Business Financing: Keeping California on Top and Sharing the Wealth
Carolyn Karo, Autumn Burke, Manny Fernandez, Chris Hameetman, Victor Parker, Richard Swart
California's 2016 dominance in U.S. alternative financing, capturing 41% of the market and 58% of funds, is driven by the state's tech wealth effect and university density, yet this success masks severe structural biases where 99% of capital flows to graduates of top universities and only 4% reaches female minority entrepreneurs. While Regulation Crowdfunding has helped California lead the nation with nearly $8 million in offerings, industry experts warn that high compliance costs and low funding caps currently disadvantage early-stage startups outside of software, prompting calls for legislative reforms that include interstate exemptions and tax incentives. To maintain competitiveness against other states and prevent capital flight to Initial Coin Offerings, panelists recommend leveraging data science for risk assessment, introducing revenue-share instruments, and expanding financial literacy education to underserved communities.