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Photo illustration: Aïda Amer/Axios. Photo: Lena Ershov/Wikimedia Commons
Eren Bali’s first “unicorn,” online course marketplace Udemy, is readying an IPO. Meanwhile, Carbon Health, his other company, is helping people in the U.S. get vaccinated and tested for COVID-19 — on top of running 83 clinics in 12 states.
Why it matters: Bali isn't a household name, but he's quietly built two companies that were perfectly poised to fill in gaps created by the pandemic.
“I’m gonna start a company that believes that karma exists in business,” recalls Bali, referring to his plans to start Carbon Health in 2015.
Flashback: Bali’s realization of the internet's power goes back to his teenage years in a small village in Turkey, when his family finally bought a used computer (in part due to his “strong insistence”).
Getting started: In 2009, Bali and longtime friend Oktay Caglar moved to the U.S. and enrolled in the Founder Institute, an incubator program in Silicon Valley.
Between the lines: “It’s when he went from being the CEO in title to actually being the guy who’s running a big company that’s growing,” recounts Russ Fradin, an early Udemy board member, of Bali’s tough decision in 2012 to fire Biyani.
The big picture: “I wanted to start an authentic company. At Udemy, we were mostly rookies, so we went with what was standard practice,” says Bali of his approach as CEO of Carbon Health.
What to watch: Udemy is expected to go public in the coming weeks, reportedly seeking a valuation of at least $6 billion.
Illustration: Sarah Grillo/Axios
Mental health care was already inequitable and in short supply in the U.S. This Axios AM Deep Dive, led by health care reporter Caitlin Owens, looks at how the pandemic made it worse.
Speaker of the House Nancy Pelosi. Photo: Samuel Corum/Getty Images
House Democratic leaders are telling lawmakers they plan to pass both a $1.2 trillion infrastructure bill and a $1.75 trillion social spending bill as early as Tuesday, two sources familiar with the conversations tell Axios.
Why it matters: It’s a very ambitious timeline, but leadership is eager to deliver a win to President Biden while he meets with world leaders in Europe.
From left to right, British Prime Minister Boris Johnson, French President Emmanuel Macron, German Chancellor Angela Merkel and President Biden hold an E3 meeting at the G20 Summit on Oct. 30 in Rome. Photo: Jeff J Mitchell – Pool/Getty Images
President Biden and the leaders of Germany, France and the United Kingdom met on Saturday and called on Iranian President Ebrahim Raisi to return to nuclear negotiations soon in order to avoid “a dangerous escalation.”
Why it matters: The joint statement, released after the four met on the sidelines of the G20 summit, was intended to demonstrate that the United States and its European allies are united in their approach going into renewed talks with Iran.
