Doors should open to those who strive.

I’M A MILLENNIAL.

I am part of the first generation in human history to be worse off economically than their parents. This is a sobering thought. Social mobility has been a key pillar of human civilization for thousands of years.

Generation after generation has worked hard to make sure that their descendants will have better lives than they did. And now, for the first time ever, we are regressing.

THE SCOURGE OF RENTIER ECONOMICS

I believe in meritocracy. Where we come from shouldn’t determine where we end up. Our circumstances should be shaped by hard work, talent and ambition.

However, even as young people are working harder than ever, they are finding it more and more difficult to get ahead.

This is because social mobility has been on the decline for over 40 years.

This has led to major social ramifications. And unless we do something about it, the problem is only going to get worse.

77%

Americans who live from paycheck to paycheck, unable to meet a $1,000 medical emergency

-$10,628

Median net worth of Americans at the age of 28

33%

Americans who have completely no savings at all

$31,172

Average college loan debt per person

I HAVE DEVOTED MY CAREER TO A SINGLE ISSUE: ThE ADVANCEMENT OF SOCIAL MOBILITY.

I have been an investor, co-founder or board member at over 50 companies. I work with a number of international nonprofits as an advisor, and I have taught over 100 classes at colleges and universities around the world.

My investment firm, Ixora, is specifically focused on startups that promote and facilitate economic inclusion.

I am also very passionate about education. I believe that education can be a major driver of social mobility. Unfortunately, the current education system is no longer fit for purpose, and is in urgent need of reform. The private sector can play a very important role in reshaping education.

INNOVATION IS THE ANSWER.

In economics, the process of innovation is additive. It seeks to produce outcomes that are more efficient (i.e. more output from less input), thereby creating wealth. Rent-seeking, on the other hand, is both extractive and redestributive, relying on anti-market mechanisms to create artificial benefits which private benefits but socialize costs.

It is entirely possible for innovators to accrue wealth while also adding value to society. If you’re interested in learning how, please get in touch with me.