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.

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Campaigning for Joe Biden at a car rally in Miami on Saturday, Barack Obama railed against President Trump's response to the coronavirus pandemic, saying "the rest of us have to live with the consequences of what he's done."

Driving the news: With less than two weeks before the election, the Biden campaign is drawing on the former president's popularity with Democrats to drive turnout and motivate voters.

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The big picture: Murkowski's decision leaves Sen. Susan Collins (R-Maine) as the only Republican expected to vote against Barrett.