Josh Kopelman Profile picture
Oct 19 5 tweets 3 min read Twitter logo Read on Twitter
1/ On Tuesday the @PhillyInquirer chose to publish an offensive political cartoon portraying Israel as an aggressor against a “meek” Hamas. And I cannot sit in silence. Image
2/ I joined the Board of the Philadelphia Inquirer because I believe in the importance of independent, local journalism. And seven years ago I became the Board Chair, understanding that the only way a paper is truly independent is if it has a newsroom free of external influence or agenda. The Inquirer Board has no control over the stories (and cartoons) that appear in the paper – or on its website. Nor should we. The Inquirer is a public benefit corporation that is 99% owned by a non-profit – and I don’t think anyone wants to live in a city where a group of non-journalists controls what gets published (or doesn’t).

Over my board tenure the Inquirer published many stories of which I am proud – and a handful of stories which I have thought were poorly reported. And while I’ve gotten dozens of calls over the years by people who believe the Inquirer got a story wrong, I’ve never chosen to publicly comment. Maybe I should have.

I acknowledge (and appreciate) that the Inquirer’s Editorial Leadership has already published an apology -- and I am glad to be tweeting my thoughts afterwards (so my tweets can’t be interpreted as unduly influencing that apology). I’ve leant my name and credibility to the Inquirer, however, and I’ve heard that my silence has been interpreted by some as a passive endorsement. So I want to publicly share my anger.

3/ Hamas is evil.

Their stated purpose is the annihilation of the State of Israel and the genocidal murder of Jewish
people.

They are terrorists. Their brutality and barbarism is comparable to (or worse than) ISIS.

Their attack on October 7th killed more Jews than on any other day since the Holocaust.

They slaughtered over 1,400 Israelis and 30 Americans.

They raped women. They killed babies. They wiped out entire families.

They kidnapped over 200 innocent civilians – including infants, women and grandmothers.

Hamas didn’t attempt to hide these crimes – they video recorded them. And posted them on social media.

Hamas oppresses the Gazan people by using them as human shields and by taking funds that are intended to provide aid for Gazan civilians and diverting them for weaponry. Hamas has spent the last several days putting up roadblocks to prevent Gazans from evacuating from northern to southern Gaza – after Israel warned them to flee.

I acknowledge that there are issues in the Israeli-Palestinian geopolitical conflict where there may be room for reasonable people to debate. But the butchery and barbarism of Hamas is clear. They are evil – and abhorrent to everything modern society stands for.

4/ Yet on Tuesday the Philadelphia Inquirer chose to print a syndicated political cartoon casting Israel as a jack-booted aggressor (in a manner remarkably consistent with how old cartoonists portrayed the Nazis). And it portrayed Hamas as a teeny-tiny victim of Israel’s disproportionate response.

Israeli people are the victims of Hamas.

Gazan people are the victims of Hamas.

Hamas, however, is not a victim.

In the battle against terrorism, the Philadelphia Inquirer mistook the victim for the aggressor.

The Inquirer got it wrong.
Image
5/ While the Inquirer’s public apology does not unring the bell, it is an important first step to recognizing the danger of printing content that reinforces antisemitic tropes. I’ve spent the last two days thinking deeply about whether I should resign my position -- and have decided not to. Despite its failures, I still believe in the Inquirer’s mission and leadership. And I believe that Inquirer will have a better chance of taking additional steps towards combating antisemitism if I remain.

I hope I am not wrong.

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More from @joshk

Oct 6, 2020
1/ In 2015, we announced @firstround’s investment in @Clover_Health, writing that it “deserves to break the mold in more ways than one.” That mold breaking continues, as Clover is merging with $IPOC & going public.

Some reflections on our investment…

businesswire.com/news/home/2020…
2/ We first got introduced to @VivekGaripalli by @natsturner - and got to know Vivek through our @flatironhealth investment. When we learned that Vivek was starting Clover, @Phineasb got excited about the opportunity & invested a ton of time to build conviction on an investment.
3/ Phin invited Vivek into our partner meeting and we decided to invest in Clover in Sep 2015. At the time, it was an atypical investment for us. Indeed, it was the largest initial investment check we had ever written (>2x our prior largest check)

businessinsider.com/first-round-ca…
Read 9 tweets
Aug 5, 2020
1/ Over the last 12 years, @phineasb has made an indelible mark on every aspect of @Firstround. While Phin is not technically a founder of the firm, he has ALWAYS acted like one - and he has transformed our community, our brand and our team.
2/ Phin started at FRC as an intern, and he learned/grew incredibly quickly. At first, I was clearly the teacher and Phin was the student. But over the years, I've increasingly found the roles reversed and I've learned an incredible amount from him. It's an amazing feeling.
3/ @phineasb was early on trends like subscription commerce, healthcare, low code/no code and the API economy and built partnerships with many incredible entrepreneurs during his time @firstround.
Read 6 tweets
Oct 7, 2019
1/ Some thoughts on how companies get valued. 

When it comes to exit valuations, "Where" you build often matters more than "What" you build. 

An (imperfect) analogy below...
2/ Imagine building a house. You spend a ton of time devising plans for the house. How large ? How many bedrooms? Material selection. Fixtures. Lighting. Tile. Flooring. HVAC design. There are thousands of decisions and a ton of work to define "What" you want to create...
3/ But after you complete the house and go to sell the it, the value is typically impacted FAR more by the market you chose to build in than what you built. A 5-bedroom house located beachfront in the Hamptons is worth MULTIPLES more than the exact same house located in Montana.
Read 9 tweets
Dec 13, 2018
We just published @firstround's 4th annual State of Startups report. Here are the Top 10 highlights: stateofstartups.firstround.com
1/ 89% of founders believe that older people face age discrimination in tech. And "older" doesn't mean octogenarians: On average, founders think tech industry ageism starts at 46 years old. stateofstartups.firstround.com/2018/#ageism-i…
2/ 66% of male founders say that tech companies are inclusive for parents, yet only 34% of female founders feel the same. Women were also twice as likely to report investor bias against founders who are pregnant or have children. stateofstartups.firstround.com/2018/#parents-…
Read 12 tweets
Nov 27, 2018
1/ At @Firstround we try to be as transparent as we can about venture capital. And we think our approach to generational transition should be no different. So today we've announced that @RobHayes will be shifting to Board Partner in our next fund. medium.com/@firstround/8e…
2/ This is not a surprise, as we've talked about it (and planned it) for years. And it's also not a retirement, as Rob will continue to work with the 40+ founders he supports today. He will also continue to introduce new investments to @btrenchard, @phineasb, @hayleybay and me.
3/ Rob has played a key role in building and growing @Firstround. He was our first San Francisco-based partner, and led our investments in @Mint, @Square, @Uber and other great companies. He has made an indelible mark on every aspect of our firm (and on the seed stage industry).
Read 5 tweets
Aug 6, 2018
1/I first met Gerry Lenfest in 2000, shortly after I sold my company to eBay. I was 29 years old and I thought I was a big shot. When I first shook Gerry's hand he said: "Your hands are way too soft. You need to do some hard work - we should get you on some poles stringing wire."
2/After buying the @PhillyInquirer he asked me to join the board. I said no. Gerry wouldn't take no for an answer. He educated me on the important role that local watchdog journalism plays in a city -- and in a democracy. Of course, I joined the board - and became it's chairman.
3/Gerry and his wife Marguerite decided to give away their fortune during their lifetime - years before the "giving pledge" was a thing. They've given away over $1.3 BILLION in the last 20 years -- transforming countless lives and the city of Philadelphia.
Read 5 tweets

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