Although it’s hard to get on this, heuristically I’ve seen how VCs, accelerators and other funding institutions become increasingly more closed rather than more open. Presumably this is due to a possible oversupply of founders in a fast decision making environment, which leads institutions to select through proxies where underrepresented founders end up disadvantaged, such as background, credentials or network.
I’m afraid that the AI rush will exhaust the progress made in allocating funding, if any, to the historically underestimated founders who don’t always have a front row seat to frontier technologies. Economic systems are not static, all the opposite they're chaotic and entropic. If we lose sight of the movement of the gaps, even for a moment, we may lose what we have achieved in terms of inequality and even the fight against poverty.
That’s why I decided to design (and launch) the first version of what I aspire to be a more rationalist method of fairly distributing potential funding opportunities, especially for underrepresented founders who need to compensate for a lack of connections to talent. Do you think the current startup ecosystem is about reducing inequality and poverty, or is it about making the already rich richer?