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Inequity in Venture Capital Funding
Venture capital funding in the past predominantly favored white males from elite colleges, leading to disparities in funding allocation. The statistic revealing that only a third of a third of 1% of total venture capital goes to black women highlights a concerning issue. The speaker believes that capital is a form of free speech and emphasizes the need to address the lack of diversity in the sector. Despite initial reservations, the speaker supports initiatives like the Fearless Fund that support underrepresented founders, illustrating the importance of inclusivity in venture capital.