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Here are the 9 most popular Business Insider Prime stories of 2018

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Insider Inc. TeamInsider Inc.Dear readers,

A year ago, we created BI Prime because we wanted to get past the PR and buzzwords, persuade inside sources to talk, and figure out what exactly is going on inside the companies you care about.

Fast-forward to today, and thousands of you are already reading BI Prime. And the number of Prime stories continues to increase as we head into 2019.

There have been big scoops about Goldman Sachs, interviews with the world’s biggest investors, and inside stories about what’s really going behind the scenes at buzzy Silicon Valley companies.

Here are nine of our most popular recent BI Prime stories:

1. ‘We didn’t learn anything’: Billionaire investor Stanley Druckenmiller says the next financial crisis could be worse than the last, and lays out how it might happen

Stanley Druckenmiller — who formerly managed money for George Soros, ran his own hedge fund, and now oversees a family office — said in an exclusive interview that conditions were ripe for a financial crisis that could put the last one to shame.

2. Leaked Andreessen Horowitz data reveals how much Silicon Valley startup execs really get paid, from CEOs to Sales VPs

BI’s tech reporter Rob Price obtained confidential startup salary information from a top venture-capital firm. You can explore the data in the interactive charts we created.

3. Thoma Bravo, Apttus’ new owner, turns to damage control with partners like Salesforce and faces questions over an exec’s $26 million golden-parachute package

BI’s tech-deals reporter Becky Peterson published a series of explosive reports about allegations of sexual harassment at the $2 billion software company Apttus.

4. Goldman Sachs just named its next CEO — here are the execs who will be in and out, according to a dozen insiders

We spoke to top Goldman executives to find out who the new CEO, David Solomon, would most likely turn to for advice and who would likely get the cold shoulder.

5. Meet 2018’s Rising Stars of Wall Street shaking up investing, trading, and dealmaking

We compiled a list of the top 25 finance leaders under the age of 35, including those from companies like Goldman Sachs, BlackRock, Apollo, and Galaxy Digital.

6. AT&T has notified a group of dealers who sell DirecTV products that their contracts will end in December after a terrible quarter for pay TV

BI’s media reporter Abby Jackson revealed that three years after AT&T’s $50 billion acquisition of DirecTV, the telco behemoth is still struggling to stabilize that part of its business.

7. 70-hour weeks and ‘WTF’ emails: 42 employees reveal the frenzy of working at Tesla under the ‘cult’ of Elon Musk

We spoke with 42 Tesla employees about what it’s like to work at one of the world’s most ambitious and controversial companies.

8. Meet the 30 healthcare leaders under 40 who are using technology to shape the future of medicine

BI came up with the top young leaders engaged in groundbreaking work in healthcare technology.

9. Uber insiders describe infighting and questionable decisions before its self-driving car killed a pedestrian

BI’s chief tech reporter Julie Bort spoke to Uber insiders about dysfunction in Uber’s Advanced Technologies Group, with rampant infighting and pressure to catch up to competitors, issues that these employees said continue to this day.

Thank you for reading. Please let us know what you would love to see and read going forward with an email to bi-prime@businessinsider.com. 

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Canadian tech diversity and inclusion in the spotlight

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Diversity and inclusion are hot-button issues, but for all the attention they get, there’s still work to be done in the tech sector, according to a recent Gartner blog.

Citing a range of challenges that include pay inequity, lack of diversity in corporate management, and difficulty recruiting diverse talent, the blog suggests three possible remedies for organizations trying to become more diverse and inclusive: having a long-term plan but focusing on one aspect that will make the most benefit, setting targets and making leadership accountable, and committing resources.

The call for such strategies finds support in a report from the Brookfield Institute revealing that Canada’s technology sector has a disappointing track record when it comes to inclusion and equity, with women “four times less likely to be employed in the sector than men, and earning on average $7,300 less than men in technology jobs.”

The findings are just as grim in a January 2020 report funded by Canada’s Future Skills Centre. According to this document, despite corporate commitments to diversity, “decades of initiatives designed to advance women in technology have scarcely had an effect: The proportion of women in engineering and computer science in Canada has changed little in 25 years.”

And women are not the only disadvantaged group, says the report. “The under-employment of skilled immigrants and under-representation of women and other groups in the ICT industry suggests that recruitment and retention policies and practices of the very firms complaining about this [skills] gap may be contributing to the problem.”

Until we do a better job of addressing inclusion and diversity, career opportunities will continue to be limited for women, internationally educated professionals, racialized minorities, First Nations, Inuit and Métis people. In addition to being a very human issue, this is also one that perpetuates the ICT skills gap by failing to tap into a supply of well-qualified labour.

On the bright side, there are technology companies and organizations across Canada that are truly determined to create opportunities for those who are under-represented in the digital talent pool. There is also an opportunity to recognize their efforts during Channel Innovation 2021: Adapting to the New Customer Experience, a 2.5-hour, virtual event on April 28, 2021.

A showcase for independent software vendors (ISVs) and Canadian channel innovators, the Channel Innovation 2021 celebration will take place on CIA-TV, a unique ITWC platform that allows the audience to take in the show, download related content and videos, and network in live breakout rooms. There are six award categories, including the C4 Award for Diversity and Inclusion. Nominating is simple. Whether a self- or third-party nomination, there are only two main questions to answer and an opportunity to include a supporting document or image.

Winning entries will be announced during the celebration and profiled in the Channel Daily News Magazine and in Direction Informatique, ITWC’s French-language publication devoted to the Quebec marketplace. They will also receive a digital badge for use on their websites and on social media to help gain industry-wide recognition and end-user exposure.

The media attention and recognition are reason enough to vie for this honour, and we always need things to celebrate during a global pandemic, but the real value in awards for diversity and inclusion is in setting an example for others to follow. The news is full of the ways we are falling down when it comes to equity in the IT sector. Let’s take some time to highlight the success stories and encourage other tech innovators to step up.

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Leading Canadian tech entrepreneur Saadia Muzaffar to give virtual keynote in Peterborough on March 9

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In celebration of International Women’s Day, one of Canada’s leading female tech entrepreneurs will be giving a virtual keynote for residents of Peterborough and the Kawarthas on Tuesday, March 9th at 7 p.m.

The Innovation Cluster is hosting Saadia Muzaffar as part of its ‘Electric City Talks’ series.

Muzaffar is a tech entrepreneur, author, and passionate advocate of responsible innovation, decent work for everyone, and prosperity of immigrant talent in science, technology, engineering, and mathematics (STEM). She is the founder of TechGirls Canada, a hub for Canadian women in STEM, and co-founder of Tech Reset Canada, a group of business people, technologists, and other residents advocating for innovation that is focused on the public good.

In 2017, Muzaffar was featured in Canada 150 Women, a book about 150 of the most influential and groundbreaking women in Canada. Her work has been featured in CNNMoney, BBC World, Fortune Magazine, The Globe and Mail, VICE, CBC, TVO, and Chatelaine.

Muzaffar’s March 9th talk, entitled ‘Redefining Term Sheets: Success, Solidarity, & The Future We Want’, will inspire women to achieve success in all areas of life, including in business by providing strategies for obtaining funding.

“It is impossible to explain how women only get 2.2 per cent of funding for their ventures while we constitute a majority of the population, without acknowledging long-standing structural and systemic bias,” Muzaffar says, describing her talk. “Women know these odds in our bones because we feel them in too many boardrooms, banks, media advertisements, and venture competitions — yet women are the fastest-growing demographic in new businesses.”

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ARK’s Cathie Wood joins board of Canadian tech firm mimik

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ARK Invest’s Cathie Wood is joining the board of Canadian technology company mimik.

Vancouver-based mimik is an edge computing company that effectively turns devices like phones into private cloud servers. It has already teamed up with Amazon Web Services and IBM on edge computing – two of the bigger players in the space.

The AWS partnership gives software developers access to mimik’s cloud platform. Together, edge devices including smart phones, tablets, and Internet of Things (IoT) products can act as extensions of the AWS cloud. With the IBM partnership, mimik’s technology will be included in automation and digital transformation across manufacturing, retail, IoT and healthcare.

All of mimik’s business lines fit in with Wood’s broad ‘next generation internet’ thesis, one of her big five investment themes. The company itself is private and Wood is not an investor. 

However, as Citywire noted in January, Wood has hinted in interviews that ARK is exploring the launch of a private markets strategy. 

Wood joins a relatively high profile board at mimik. Other members include  Allen Salmasi, a pioneer in mobile technology who was previously with Qualcomm, and Ori Sasson, managing director of Primera Capital, who was an investor in VMWare and other technology companies.

‘I’ve always believed in backing founders who are at the forefront of innovation,’ Wood said in a statement on her decision to join mimik. ‘At mimik, [they] have built a foundation for the next generation of cloud computing.’ 

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