Catherine Bracy

Catherine Bracey, CEO of TechEquity, and Orson Aylad, CEO of Latino Prosperity, both advocate for transparency in tech. They delve into the tensions between OpenAI's original nonprofit mission and its shift towards a for-profit model. The guests discuss the ethical implications of this transformation, emphasizing the need for accountability in an increasingly profit-driven landscape. They also highlight the importance of advocacy groups in challenging OpenAI's restructuring and the potential societal impact of these changes.

Catherine Bracy, author of "World Eaters" and founder of TechEquity, returns to discuss how venture capital's misaligned incentives are harming technology and society. She reveals the community backlash that inspired her to investigate venture capital's role in tech harms. Catherine explains the pitfalls of software-first approaches in labor and housing, and the pressure on startups from the power law. She critiques the cultural indoctrination of accelerators like Y Combinator and highlights the need for alternative funding models that prioritize sustainable growth.

Catherine Bracy, the executive director and founder of TechEquity, engages in a critical discussion about the damaging effects of venture capital on the economy. She explains how the obsession with short-term growth leads to failures like WeWork and Theranos, while distorting entire industries. Bracy advocates for sustainable and equitable business practices, exploring the need for alternative funding models that benefit society over just maximizing investor returns. Her insights urge a reevaluation of how tech industries are funded and operated.