The author attended a party hosted by venture capitalists Jackie Reese and Aileen Lee. She says it was nice to see so many young women entrepreneurs at the event. The real problem is that capital gets allocated around things one type of person would do in his view, she says.
Elizabeth Holmes goes to prison, the Sackler family escapes liability, and Twitter's valuation drops even lower. Also, Congress votes to raise the debt ceiling, but did Speaker McCarthy get floored? Leading AI scientists and entrepreneurs warn of possible extinction. Kara and Scott weigh the odds.
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