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by stillsut
2899 days ago
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There's something of "In its majestic equality, the law forbids rich and poor alike to sleep under bridges" in your victimhood concept. Or updating the concept to current times, forbidding those who can couch surf indefinitely with friends in a dozen cities and the friendless from sleeping in their car. In aggregate, the white people I know do have more couch surfing opportunities than women of color. And more VC access. But individually, some do not, through no fault of their own, only the circumstances they were born into. To take an extreme example: Elizabeth Holmes, who is also a "victim" of this fund, is never actually going to need this fund; her father has a direct line of communication to Henry Kissinger and was able to raise 10x this funds entire capital. What I'm trying to say is this kind of concept actually doesn't victimize the most privileged like Holmes, and maybe you (?) but it does exclude some who exist on the margins of startup space. Empirically, what this could mean if this concept becomes a trend, is that people with good ideas and the ability to execute may be less likely to do a startup, considering it a rich person's game. A little like saying just move to Brooklyn and become an artist. We're still very far away from that but I don't think it's absurd to imagine us ending up there; if you talk to people outside the US, there's a strong belief that only the "right kind" of people can raise capital. |
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