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.
Kara and Scott discuss New York's plan to regulate social media for kids, X's new rules on adult content, and Shane Smith's latest venture at Vice. Then, federal regulators move forward with antitrust investigations in the AI sector, while Nvidia surges to a $3 trillion market cap, and gets ready for a stock split. Plus, a group of current and former OpenAI employees call for transparency and whistleblower protections. Finally, a listener question about the recent ruling that blocks Fearless Fund from issuing grants to Black female entrepreneurs.
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