• DeVos is defiant. Education Secretary Betsy DeVos also appeared at CPAC, where she told the crowd that she intends to forge ahead with her approach to overhauling U.S. schools—and took a swipe at critics who have called her ill-prepared. "My job isn't to win a popularity contest with the media or the education establishment here in Washington," said DeVos. "My job as secretary of education is to make education work for students." Washington Post • Nasty Gal's fall from grace. In less than a decade, Sophia Amoruso transformed an eBay vintage store into Nasty Gal, a company that generated $85 million in revenue in 2014. Yet the success story turned sour last November with the company filing for chapter 11 bankruptcy. Now, Amoruso is preparing to sell the Nasty Gal brand name and other intellectual property for $20 million to a rival U.K. fashion site Boohoo.com. Here's what went wrong, according to a Wall Street Journal investigation: WSJ • Dear Travis letter. Kapor Capital partners and early Uber investors Freada Kapor Klein and Mitch Kapor have posted an open letter to Uber CEO Travis Kalanick in the wake of former employee Susan Fowler's allegations of sexual harassment and discrimination at the company. The pair ask "what explains the silence of Uber's investors" and expresses dismay that the company "selected a team of insiders to investigate its destructive culture and make recommendations for change." Meanwhile, Ellen Pao, who is also a venture partner at Kapor Capital, wrote a separate op-ed saying that the Uber accusations are symptomatic of a larger issue in the technology industry. "Still, the fact that tech is this broken doesn't give any company a free pass," writes Pao. "We see you, Uber." • Social butterflies. A new Burson-Marsteller study of business leaders on social media finds that Honest Co. founder Jessica Alba, Thrive Global founder Arianna Huffington, and Facebook COO Sheryl Sandberg are among the most followed leaders on Facebook and Instagram. One particularly interesting nugget from the analysis: Stephanie Newby, CEO of social media analytics company Crimson Hexagon, is cited as the third most "effective" business person (meaning highest interaction rates) on Facebook. Burson-Marsteller • From micro-loans to macro-investments. Tala, a startup that makes micro-loans to entrepreneurs in the developing world via smartphone app, has raised a $30 million Series B round as it expands into new geographical markets. The company, which is led by founder and CEO Shivani Siroya—one of Fortune's 40 Under 40 "female execs on the rise"—has raised a total of more than $44 million since 2012. Forbes • Talking it out. On this week's Broad Strokes, Val and Fortune editor Anne VanderMey discuss Uber's alleged women problem, Milo Yiannopoulos's exit from Breitbart, and research finding that women get dinged for using flextime. Fortune MOVERS AND SHAKERS: Professor Heather Gerken has been selected as the next Dean of Yale Law School. Graham-Pelton Consulting has appointed its current president, Elizabeth Zeigler, to CEO. |