A group of recent Stanford Threshold Venture Fellows. Photo: Heidi Roizen

5 years ago, Stanford's Tom Byers and Tina Seelig set up a fellowship program for master's students at Stanford's engineering school aimed at teaching the ethics of entrepreneurship. They enlisted veteran venture capitalist Heidi Roizen, then a partner at DFJ, to help it get off the ground.

Why it matters: As the record of startup meltdowns in recent years (Uber, Theranos, et al.) has shown, the need for such training is huge. "Every entrepreneur is going to have their ethics tested, guaranteed," Roizen said in an interview.

  • It's not just ethics that make the job hard, Roizen says. She notes that many founders naively launch a company without fully understanding how isolating the job is, how much pressure they will be under or how likely they are to fail.
  • "These jobs are really hard," Roizen said.

Between the lines: There's real debate over whether successful startups need to break rules to change the world.

  • For her part, Roizen thinks startups can be both ethical and profitable. "I maintain a belief one can innovate and disrupt things without having to break those boundaries."

What's next: The program is accepting applications through Oct. 31 for its next class of fellows.

Go deeper: Silicon Valley's fraying cult of the founder

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Americans reflect on Independence Day amid racism reckoning

A Black Lives Matter banner and a United States flag on the facade of the U.S. embassy building in Seoul, South Korea. Photo: Simon Shin/SOPA Images/LightRocket via Getty Images

America's leaders are rethinking how they view Independence Day, as the country reckons with the historic, unequal treatment of people of color during a pandemic which has disproportionately affected nonwhite Americans.

Why it matters: The country’s legacy of racism has come into sharp focus in the weeks of protests following the death of George Floyd while in Minneapolis police custody. From Confederate statues to Mount Rushmore, Americans are reexamining the symbols and traditions they elevate and the history behind them.

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Illustration: Aïda Amer/Axios

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  2. U.S.: Total confirmed cases as of 7 p.m. ET: 2,788,395 — Total deaths: 129,306 — Total recoveries: 790,404 — Total tested: 34,213,497Map.
  3. States: ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: The states where face coverings are mandatory Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
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Photo: Patrick McDermott/Getty Images

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Why it matters: This review is the first formal step the Redskins are taking since the debate surrounding the name first began. It comes after weeks of discussions between the team and the NFL, the team said.