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While much of Silicon Valley is busy signing "Decency Pledges" and wondering how it can curb sexual discrimination, one woman is taking action. Sarah Kunst, an entrepreneur and investor who recently made headlines for publicly sharing her story of being harassed by 500 Startups' Dave McClure, has joined the board of a fund affiliated with her alma mater, Michigan State University.

Who? Kunst is currently the founder and CEO of fitness startup ProDay, and has spent time at VC firms Mohr Davidow Ventures and Fortis Partners.

Why it matters: It's becoming increasingly clear that institutional investors in VC funds—known as limited partners—can play a huge role in whether firms prioritize diversity and ethical behavior. "Universities, in particular, have an obligation to be on the right side of history," Kunst tells Axios.

The job: As one of 19 members of the board, Kunst plans to introduce the Michigan State University Foundation to venture capital funds in Silicon Valley, New York City, and Los Angeles — areas where she has deep networks. She wants to help steer the organization's investments into funds that will both yield returns and prioritize diversity and ethical behavior.

Due diligence: As some of the recent scandals have shown, a lot of misconduct remains hidden, even when limited partners ask around. This is one area Kunst believes she can help with. "As a woman, I think you hear a lot of information that a lot of guys don't hear," she told Axios. "Funds can drive outsized returns as well as outsized headaches," she added in reference of recent scandals that have put some limited partners in difficult positions, including having to consider shutting down some funds.

More opportunities:

Kunst's existing relationships in the venture capital means she'll be able to introduce the Foundation to firms beyond the top few outsiders usually know. Another important approach, according to Kunst, is helping VC funds identify their potential blind spots when it comes to startup investments they may be dismissing. Startups whose products are geared toward female consumers often face male investors who struggle to personally connect with the business, for example, adding to their fundraising challenges.

Go deeper

Biden's Day 1 challenges: The immigration reset

Illustration: Aïda Amer/Axios

President-elect Biden has an aggressive Day One immigration agenda that relies heavily on executive actions to undo President Trump's crackdown.

Why it matters: It's not that easy. Trump issued more than 400 executive actions on immigration. Advocates are fired up. The Supreme Court could threaten the Deferred Action for Childhood Arrivals (DACA) program, and experts warn there could be another surge at the border.

10 hours ago - Sports

Broncos and 49ers the latest NFL teams impacted by coronavirus crisis

From left, Denver Broncos quarterbacks Drew Lock, Brett Rypien and Jeff Driskel during an August training session at UCHealth Training Center in Englewood, Colorado. Photo: Justin Edmonds/Getty Images

The COVID-19 pandemic has thrown the NFL season into chaos, with all Denver Broncos quarterbacks sidelined, the San Francisco 49ers left without a home or practice ground and much of the Baltimore Ravens team unavailable, per AP.

Driving the news: The Broncos confirmed in a statement Saturday night that quarterbacks Drew Lock, Brett Rypien and Blake Bortles were identified as "high-risk COVID-19 close contacts" and will follow the NFL's mandatory five-day quarantine, making them ineligible for Sunday's game against New Orleans.

Updated 14 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: WHO: AstraZeneca vaccine must be evaluated on "more than a press release."
  2. Politics: McConnell temporarily halts in-person lunches for GOP caucusColorado Governor and partner test positive.
  3. Economy: Safety nets to disappear in DecemberAmazon hires 1,400 workers a day throughout pandemic.
  4. Education: U.S. public school enrollment drops as pandemic persists.
  5. Cities: Surge in cases forces San Francisco to impose curfew — Los Angeles County issues stay-at-home order, limits gatherings.
  6. Sports: NFL bans in-person team activities Monday as crisis engulfs league, Tuesday due to COVID-19 surge — NBA announces new coronavirus protocols.
  7. World: London police arrest more than 150 during anti-lockdown protests — Thailand, Philippines sign deal with AstraZeneca for vaccine.