The Daily Show: Ears Edition - Trump Wrecks White House & New GOP Nazi Group Chat Drops | Catherine Bracy
Episode Date: October 22, 2025Michael Kosta checks in on Trump's latest White House makeover, which includes demolishing the First Lady's quarters to build a gigantic ballroom in the East Wing. Plus, while a Democrat apologizes fo...r problematic Reddit posts, Trump's nominee for special counsel blames his pro-Nazi text messages on AI, and Ronny Chieng teaches politicians how to get away with racism. From Fox News to Trump, everyone on the Right is calling NYC mayoral candidate Zohran Mamdani a "communist.” Desi Lydic sits down with Joe Sims, the co-chair of the Communist Party USA, to discuss how we’re using the C-word all wrong. Catherine Bracy, author of “World Eaters: How Venture Capital is Cannibalizing the Economy,” talks to Michael about the evolution of venture capital, from its origin as a mid-20th-century funding solution for risky companies with big potential for technological advancement, to the harmful economic backbone of the tech industry it has become today. She describes how the investment structure of venture capital pressures companies to “move fast and break things,” has made for a tech industry that prioritizes investors, often at the expense of consumers, how that model has festered into other corners of the economy, including housing, and how the organization she co-founded, TechEquity, is working to put guardrails on Silicon Valley to ensure that tech benefits everyone, not just a few people at the top. Learn more about your ad choices. Visit podcastchoices.com/adchoices
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You're listening to Comedy Central.
From the most trusted journalists at Comedy Central,
it's America's only sorts for news.
This is The Daily Show with your host, Michael Costa.
Welcome to The Daily Show.
I'm Michael Costa.
We've got so much to talk about tonight.
The White House shows whole.
Communism is running wild
and texting about how you're a Nazi,
good idea or bad idea.
I investigate.
So let's get into the headlines.
Come on.
The government shutdown is now in its third week.
Countless federal employees aren't being paid.
Food stamps will run out soon.
And there's no end in sight.
But not to worry, President Trump is working day and night to build a ballroom.
It's exactly what you voted for, coal miners in Pennsylvania.
90,000 gilded square feet for Trump to do the jerk-off dancing.
Got it.
But if you're worried such a renovation might damage the people
House, let Donald Trump put your fears to rest.
It won't interfere with the current building. I won't be.
It'll be near it, but not touching it.
And pays total respect to the existing building, which I'm the biggest fan of.
It's my favorite.
Yeah, it's my favorite. I never want to leave. And I'm never going to.
I believe it's his favorite building, though. He loves the history, the decor, the
immunity from criminal convictions that it provides.
But great.
The White House itself is going to be fine.
They're not going to touch it.
They're not even going to touch it.
This morning demolition day at the White House,
crews tearing down walls
as construction for President Trump's 90,000 square foot ballroom ramps up.
It looks like they touched it.
I mean, holy shit.
Who's his general contractor, Bin Laden and sons?
Apparently not touching the White House turned into demolishing the White House.
And for what?
Does he really need a ballroom attached to his home?
I mean, it would be good to have one room where Baron didn't have to crouch, but still.
I mean, they're tearing apart the entire East Wing.
I hope there's nothing important going on there.
Constructed in 1902, the East Wing House is the office of the First Lady.
That's harsh.
That's harsh.
Do you think Trump warned Milanian in advance,
or did a crane just scooper up mid-bubble bath?
Let's move on.
You might remember that last week there was a little bit of a scandal
where members of the young Republicans group
had a bunch of their text leak,
where they reportedly made jokes about sending people to gas chambers
and how much they loved Hitler.
But it was a one-time thing.
And now, hopefully, the Republican Party
can move on from this isolated incident
of Nazi text messages, right?
Right?
Right?
President Trump's nominee to lead the Office
of Special Counsel's in Jeopardy
after the publication of a group chat.
The nominee, Paul Ingrossia, saying,
I do have a Nazi streak in me from time to time,
quote, I will admit it.
First of all, why do these guys
who think that the master race
always look like this.
It's never a Hemsworth.
It's always a big toe with eyes.
But yes, we have yet another Republican
apparently sending Nazi texts.
And I've never heard someone say
they have a Nazi streak before.
That's by far the worst streak you can have.
Even worse than the streaks I got
freshman year in high school.
Look at that.
And when you see his other reported texts,
You know it wasn't a streak.
It was more like a lifestyle.
Ingracia allegedly wrote,
Never trust a Chinaman or Indian, never.
Grascia uses an Italian-American equivalent of the N-word saying,
quote, no blank holidays from Kwanza to MLK Jr. Day
to Black History Month to Juneteenth,
adding every single one needs to be eviscerated.
In one exchange, he wrote MOK Jr. was the 1960s George Floyd,
and his holidays should be ended and tossed
into the seventh circle of hell where it belongs.
That prompted another participant to respond, Jesus Christ.
Wow. Wow.
You know you're racist when even the guys in your racist group chat
are like, Jesus Christ, that was racist.
Look, in general, I try not to judge people on what they say in private.
Our group chats should be a safe space to express ourselves,
where someone can say, I don't know,
that they can't shake these feelings about their hot cousin, Stephanie.
By the way, Stephanie, you never replied to that.
But the point is, I don't love people getting scrutinized for their private thoughts.
But on the other hand, what I don't love even more is Nazis getting nominated to our government.
Because I, Michael Costa, believe Nazis are bad.
And that's my brave political stance of the day.
I know. I'm a hero. I'm a hero.
Now, to be fair, having a paper trail of offensive comments isn't just a Republican phenomenon.
Up in Maine, there's a Democrat named Graham Platner running for Senate.
He was getting a lot of momentum until this happened.
CNN reviewed social media posts
mostly made under Plattenor's Reddit handle
five years ago that were deleted
ahead of his campaign launch. In them
he once called himself a communist
dismissed all police
as bastards and said rural
white Americans actually are
racist and stupid.
Oh boy, a communist
who hates police and thinks rural white people
are stupid. Mr.
Platner, you must step down from Maine
Senate race and move to Brooklyn
to be their anointed king.
I'm kidding.
I think Plattner still has a chance.
Sure, his posts are offensive
to rural white Americans,
but keep in mind, most of them can't read.
But hey, it's at least refreshing
that we found someone's old posts.
And for once, they weren't saying racist things
about black people.
In another controversial comment,
Plattner referenced his time bartending,
asking why black customers, quote, don't tip.
Okay, so now I'm having a hard time figuring out this guy's politics.
He's like, we've got to stop the police from abusing these cheap black people.
Keep in mind, he's from Maine.
So the stereotype he's relying on is based on the one black guy from Maine.
And that black guy is actually just a white guy who likes hip hop.
And this is why I never post that.
on Reddit. Well, that and I'm banned, okay? Apparently, ask me anything doesn't include
asking for butthole picks. And, again, my apologies to historian Doris Kearns Goodwin.
There's a lot of strange jokes here, and you guys are doing a great job with it.
Just right in and right. But look, I'm not going to pretend that these two guys are the same, or that
What they said is even on the same level.
And one of the ways you can differentiate them is how they respond to their leaks.
Graham Platner, let's start with you.
You asked why black people don't tip.
Please report to the nearest podcast and explain what you meant.
What's your response to people who hear that and think that is like textbook racism and it's offensive?
I remember this time when I first started bartending.
And then I had a conversation with a friend of mine who was black, who was a bartender,
who did a great job of walking me through.
structural injustice and the
feelings of lack of agency
there were a whole bunch of reasons
and after that I was like I that makes
absolutely perfect sense
okay there you go
Platner says I thought black people didn't tip
but then I talked to a black person
and now I still think black people don't tip
but it's
but it's because of structural
injustice
I give that apology
a solid B minus
and I
I will say, they should add that as an option to the iPad screen, 20%, 10%, or making up for
structural injustice.
Why would do that?
But, okay, Platter acknowledged his mistake and learned from it, which is great to see.
Plus, love the hair, right?
Now, what about Mr. Nazi streak?
Mr. Let's send MLK Jr. Day to hell.
Let's see how he responded to his scandal.
Now, reached for comment by Politico, and Graski's attorney said,
in this age of AI, authentication of allegedly leaked messages
is extremely difficult.
Okay. First off, if your apology starts with
in this age of AI, that's not a great apology.
Babe, did you forget to flush the toilet?
Listen, honey, in this age of AI.
He didn't even say AI doctored his messages.
He just said, AI exists, deal with it.
I'm sorry, sir, but that apology is not going to cut it.
If you think the administration of Donald J. Trump will tolerate Nazi rhetoric and ideas,
the White House doors are closed to you, okay?
But you can enter through the hole in the east wing, because it's wide open.
Now, for more, for more on the response to both scandals,
we go to Maine with our very own Ronnie Chang.
Ronnie.
Ronnie, what's the latest on these leaked messages?
Well, they make me sick, Michael.
Nobody should be writing racist shit online.
Thank you.
Thank you.
I totally agree, Ronnie.
They should be saying racist shit in person, all right?
That way, there's no paper trail so they can keep saying racist things.
I thought you're going to say people just shouldn't be racist at all.
Don't be such a stupid white moron.
all right people people are always gonna be racist but before technology you just quietly be
whispering it to your friends all right and for example you walk by me and then i say to my
asian friend like wow can you believe he wears those shoes from the subway into his bed
what a what a gross race of people and then i walk by you and then you turn to your white friend
and then you'd say racist things about asians like
Like, what would you say about Asian people?
I don't say racist things about Asian people.
Come on, man.
I already said my racist thing, all right?
This is a safe space.
Just go, you wrong, a giraffe.
All right.
You're asking me to it.
So I guess if I said anything, if I have to, it would be,
stop taking so many pictures, you know, like.
You asked me.
The Internet exists.
How many photos of the Empire State Building do you need?
Wow. Wow. That was so racist. Okay, we need those pictures because of structural injustice.
You made me say it. You made me say it. No, no, no, no, no. It's okay. It's okay because we didn't write it down.
So no one's ever going to know how racist you are. Okay, okay. Can we just get back on track? Do you think this is going to derail?
any of these men's political careers?
No, no, probably not.
I mean, the Nazi guy's Republican,
so his approval rating went up,
and the guy from Maine is in Maine
where everyone's on heroin,
so they got bigger problems, all right?
Also, racial curiosity is not a bad thing.
I mean, he's got questions about black people.
Just like I've got questions about white people.
For example, I've always wanted to ask,
why don't white people wash their legs?
Okay, I'll answer you in good faith, Ronnie.
It's because our maids do it for us.
Okay, see?
See, this is great.
We are healing the nation with this dialogue.
And now you get to ask me a question.
This feels like a trap.
No, no, no, no.
Okay, all right.
Okay, all right.
I guess I've always wondered why I always see Asian people driving so poorly.
I mean...
Oh, oh, oh.
No, no, no, it's fine.
No, no, I'll tell you why.
It's because you are racist.
God damn it, Bonnie.
You.
Fuck you.
Set me up again.
Yeah, well.
Yeah, and you set me up.
Yeah, yeah, but you fell for it because Asians are smarter than you.
That's true.
That's true.
You people are smart.
Whoa, whoa, what do you mean you people?
You know what?
Look, you're right.
I'm sorry.
I'm growing.
And I will try to do.
better. Thank you. Michael, I appreciate
your apologies to Asian people. And maybe
you want to apologize for
what you said about white people?
Boy, I didn't say anything. That was AI.
Ronnie Chang, everyone.
I got trapped.
When we come back, we have a list
of all the communists in the U.S. government. Don't
go away.
Welcome back for Danesha.
Did you know that the way politicians
describe their political opponents
isn't always accurate?
Desi Leidick discovered one such example.
There's an election happening in New York City,
and one candidate is making people see red.
Self-proclaimed New York City communist Zohran Mundani,
who is a socialist communist.
Well, Mandami, the communist.
An avowed communist.
I call him my little.
communist. Well, love them or hate them, everyone seems to agree. This guy's a communist.
You're saying, madame's a communist? I'm not saying that. People are saying that. Really? How come
nobody told me? I'm a co-chair of the Communist Party. Co-chair? Wow, they really make you share
everything, don't they? Well, it's better. Co-operation is the name of the game. According to Joe
Sims, co-chair of the Communist Party, we're using the C-word all wrong. So you're saying he's not a
Not at all, no.
He's a Democratic Socialist.
Okay, so explain the difference to me between the Communist Party and the Democratic Socialists.
Well, the Communist Party believes that capitalism needs to be replaced fundamentally.
Joe, what's so distasteful about capitalism anyway?
Everything.
Really?
I disagree.
Ooh, my package is here.
I'm waiting for this.
Ugh, it's the wrong color.
What were you saying?
Anyway, socialists in this country generally believe that capitalism can be reformed,
but also socialists believe that they can function within the framework of the Democratic Party.
But we don't believe that the Democratic Party can be reformed.
Well, I agree with you there.
Oh, God, does that make me a communist?
Oh, my life, I thought communism was about military parades.
dictatorships and using the full apparatus of the state to train one single boxer.
I must break you.
Oh, mama.
We've gotten a bad name over the years, bad reputation, I should say.
People believe that communism and socialism means government control.
But that's not true.
No?
No, not at all.
Socialism, communism, and democracy are not opposites.
And one of the great things is that you should be able to choose what you do.
Perhaps you'd like to run a food co-op.
And if you don't want to run a food co-op, maybe you'd like to run a farm.
And if you don't want to run a farm, maybe you'd like to run a theater company.
I don't think so.
Maybe you'd like to be a fisher person.
Nope.
Hey, park ranger.
No park ranger.
How about an astronaut?
Terrified of space.
Tell me what you'd like to do.
You can spend more time with your family.
Ugh, that's the worst.
So communism isn't for me, but why do people think that Mom Dani supports it?
Mom Dany.
He's a communist.
What is it exactly that you think people see Mamdani doing that would cause them to call him a company?
He champions affordability. Any effort to put forward an idea of a more equitable distribution of wealth is labeled socialist or communist in an effort to just dismiss it out of hand.
It's called red-baiting.
Red-baiting.
Red-baiting, anti-communism.
Goal is to just divide people.
That's what happened to us during the McCarthy period, you know?
Okay, but McCarthyism was 70 years ago.
Surely we've learned our lesson by now.
Members of Congress and even former presidents
have been openly embracing vile creeds such as socialism,
Marxism, and straight-up communism.
AOC, the little communists from New York City.
Comrade.
Kamala Harris is a radical left Marxist, communist, fascist.
Can the commie cavalry save the day?
Okay, that sounds a lot like red-baiting.
But how do we know for sure that the Democratic Party isn't full of communists?
Joe, it was time to name names.
Not a communist, no, no, no, no.
AOC is what she says she is.
Not a communist.
That's a no.
Right.
Please, no.
No.
No, not a communist.
Not a communist.
So none of these Democrats are communists.
You know, people really need to stop throwing around the sea word.
It's insulting to actual commies, like my friend Joe.
It's up to me to set the record straight and remind people that words matter.
What do you feel about Mondani?
I think he's extremely dangerous.
I would categorize him as a communist.
But he's not a communist.
I think that he may be a communist.
You are going to be so relieved to hear this.
I just learned he is not a communist.
he is a democratic socialist.
Well, he can call himself that.
I spoke to the co-chair of the Communist Party,
and there's actually a pretty significant difference.
See, communists believe that the capitalist system cannot be reformed.
Democratic Socialists, they believe...
...merementally make changes...
...work within the framework of the Democratic Party
has been captured by the billionaire class.
But I'm sure you already know all that.
I disagree with you.
I apologize.
So even though people...
weren't convinced. If we're going to be divided, at least the red baiting will be word perfect.
Thank you, Debbie. When we come back, Catherine Grace will be joining me. Don't go away.
Welcome back to The Daily Show.
My guest tonight is the founder and CEO of Tech Equity and the author of World Eaters,
how venture capital is cannibalizing the economy.
Please welcome Catherine Bracey.
Come on.
This audience, this audience,
Loves Venture Capital.
Yeah, it sounds like it.
Thank you for writing this book.
Great book, World Eaters.
You opened the book talking about your experience
of living in Oakland when Uber moves in.
Share that story with us
and why it inspired you to write World Eaters.
Yeah, well, so I moved to the Bay Area in 2012.
Oh, yeah.
Yeah, big time.
Go Warriors, I think.
Yeah, that's good, yeah.
I moved to the Bay Area in 2012 from Chicago.
I was working on the Obama campaign.
They sent me to...
What else can I throw out?
Yeah, I know this is good, really good.
Okay, all right.
I moved there to open our technology office,
and 2012 was like the peak of the internet.
Those were the good old days, back when the gig economy
was still the sharing economy.
The Don't Be Evil era.
And I decided to stay because it was a really...
because it was a really exciting place to be after the campaign was over.
But I wanted to live in Oakland.
I preferred Oakland.
It was a little bit more, let's just say, colorful than maybe San Francisco was.
Fair enough.
And we kind of had the best of both worlds over there.
Like we could see, benefit from all the stuff that was going on with tech,
but a little bit sheltered and still had, you know, just normal people.
Yep.
And then one day, Uber announced that they were moving in across the street from my apartment building.
apartment building, and the community totally revolted.
And I had kind of been in a little bit of like a fairy tale,
like not really seeing how, you know, the tech industry was evolving,
and it turned out to be not great for a lot of people.
And, you know, it occurred to me then that, like, their reaction,
my neighbor's reaction to Uber coming to town was actually a rational reaction,
and that struck me as something that had gone wrong in the economy.
And, you know, grew up in Michigan in the 80s,
If a company had announced they were bringing 2,500 good jobs to downtown Detroit, you know,
there would have been parades, right?
So, like, what went wrong?
Yeah.
And so I started tech equity to answer that question and really think about how we could
redirect the energy of the Internet, which felt like it was going towards not the future we
were promised, to better things for better people, so that as tech was growing, it was benefiting
everybody.
And long story short, I came to understand that there was this force that was directing
the industry towards these really negative outcomes,
and that force was the economic structure
that surrounds the tech industry,
and that's, of course, venture capital.
Okay, and I know, but there's some dumb idiot in this audience
that doesn't know what venture capital even means.
Well, I didn't really know.
So actually, you know, I kind of wrote this book for myself,
so it's super accessible in that way.
But, you know, essentially, so it may be some history is helpful here.
Venture Capital was pioneered in the middle of the time,
20th century to solve a real problem, which was that there wasn't enough what they call
risk capital in the economy to support breakthrough technologies that were going to, you know,
not just create financial benefit, but also really like change the world in a positive way.
People investing in risky ideas. Yeah, startups that were bringing new, you know, the idea was
new technologies to market, and it wasn't clear whether they could even be commercialized.
And, you know, traditional financial investors were not really willing to take those kinds of risks.
So some civic and business leaders developed this hypothesis that if they created what they called portfolio approach,
if they pooled their money and then spread it out across a bunch of different companies instead of just going one by one,
they could see these big returners that would more than make up for the failures.
And that worked.
And it turned out to be the natural result of when you invest in high-risk startups, what happens in the portfolio.
that's called is the power law, and that's now, like, the law that governs Silicon Valley.
And you talk about the power law here, and it's essentially that the driving force behind why venture
capital wants risky ideas and companies.
Well, basically...
Did I just fucking crush that, or what?
No, I mean...
How about...
Can I use a sports metaphor?
Please, thank you.
I've been waiting for a sports metaphor.
Well, venture capitalists like to say that what they do is hit grand slams.
It's not even a home run game, it's a grand slam game.
So, you know, if you're like, you know, Mark McGuire and Sammy Sosa, your strategy is every time you go out to bat or whatever, is that...
That's right, that's right.
You're doing this right.
You're trying to hit a grand slam.
Right.
And that ends up really distorting how you approach baseball.
And, like, for those of us who remember the Bash brothers, you know, what it usually means is you end up cheating and taking drugs and doing all these things.
So, like, ensure that you get Grand Slam outcomes.
It's not enough to just hit doubles and triples, even though that's a totally, perfectly fine way to win a baseball game.
Yeah, why, you know, you described it in the book, but why don't, why isn't venture capital investing in a company that hits singles and doubles?
Well, what they will tell you is you have to achieve the.
power law. And we don't know which of these companies in the portfolio are going to be the
grand slams. So we force every company in the portfolio to try to be that outcome. And by forcing
all of these companies, there's like 10 or 15 companies a year that really naturally have that
potential. And thousands of startups get venture capital. For all of those companies that are not
actually built for that kind of growth, it creates a whole bunch of harms that we usually,
society ends up paying the price for.
Meaning these companies are forced to grow too fast
or not create a better product for us?
Move fast and break things.
It's basically what it is.
There's a sort of playbook for VCs called blitzscaling.
And that's pretty much what they try to do.
And, you know, I mean, I think they may be regretting
naming it after a Nazi military strategy,
but not exactly great branding, but, you know,
You're trying to move as fast as possible to get as big as possible, take as much market share as possible, as quickly as possible, and you steamroll everything in your wake to get there.
One of the things I love in the book was when you start talking about software and why V.C. loves software because they can scale it up faster.
And I am furious. Everywhere I go, I have to fill out an online form. I take my family skiing and it's like you can't even talk to a human.
It's fill this thing out.
insurance, it's fill out all the stuff.
And after I read your book, I'm going, holy shit, is that because of venture capital?
Well, I mean...
I know you don't maybe know the exact specifics of where I go skiing with my family.
I do think, I mean, it is a question.
The reason I called the book World Eaters is because, you know,
what really did actually work for certain types of companies that were building deep technology
or software companies where this model of moving fast, trying to get a
as big as possible, as quickly as possible,
did actually make sense.
Now you're applying it to every corner of the economy.
Everything from like fast casual restaurants.
Do you know Kava is VC backed?
Like why does a fast casual restaurant need venture capital, right?
Everything from that to like the housing market
and housing is one of the issues I write about in the book.
It's not built to scale like software.
Talk more about that.
That was really fascinating and blew me away
because there's a part of me that thinks,
okay, VC shouldn't be in fast casual restaurants.
But I don't really give a shit about that restaurant, whatever.
But housing, this is, I mean, housing is one of the fundamental purposes of our life and who we are as a people.
The cornerstone of the real economy, right?
That's how you say it.
That's why she wrote the book, and I'm asking your questions.
Why is VC in housing?
Yeah, well, they're in housing because they're trying to make a lot of money and everything is now a financial asset.
And that's what they do.
But what they would tell you is, like,
this is an industry that's ripe for disruption,
and we need to bring this new mindset
to this industry to make it work better.
But what works for software does not work for
brick-and-mortar building houses.
And it definitely doesn't work for the kinds of
financial vehicles that they're developing
in order to, like, get more people on the ladder
to home ownership, which is one of the things I write about
in the book.
Some of these really predatory financials,
predatory financial models that are now juiced, you know, by VCs to exploit and extract.
When there are other models that do actually help people get on the home ownership ladder
that can't find the capital they need to build out those models because they aren't, you know,
they're not going to hit the grand slam.
They'll maybe only be a triple.
So let's say you are, and you talk about and you share some of these stories in the book,
and one thing that I took away from it was I was happy there are good people out there.
There are good companies out there that aren't just going for these huge returns.
But what do you do if you're trying to start a good business that's going to be of service to people and your community and you need money?
Do you have to work for these ghouls in VC? Or can you do it differently?
I mean, you can. It is very hard.
And actually, one of the stories that really brought home to me how hard it actually is is the story of OpenAI.
And I interviewed Sam Altman for the book before he got fired.
And he told me, you know, Open AI, I don't know if many people know this, is a nonprofit.
Right.
The same way, you know, a local soup kitchen is a nonprofit.
Strange.
Yeah, very strange.
A $500 billion nonprofit.
But he told me, he very explicitly, he set up Open AI as a nonprofit because he did not want to be held to the same standards that a normal tech company would be held to and have to raise venture capital.
he understood very clearly how investors would manipulate the incentives around the technology.
And he said this technology is too dangerous to be at the whims of investors.
Right.
And even he, who has already had this great reputation in Silicon Valley and this company was the darling,
they are now rolling back their nonprofit structure and opening it up to investors.
And investors run the show there now and are in charge of the direction this technology is going to take.
We were promised, here's for cancer, and robots that were going to fold our laundry,
and we're getting, you know, sexed vots for eight-year-olds and, you know, all of our jobs automate.
I mean, that's true, you know.
So, you know.
So the investors start to take over the idea, and that's where everything gets all f*** up.
And if Sam Altman can't do it, it's really hard for just any old entrepreneur off the street to come in and say,
I'm going to do this without venture capital.
So it's really like the solution set has to be more structural.
And I do talk about people who are really creating the template that we can follow,
but it's going to require bigger systemic change in order to make those the norm.
What are some other solutions you think we can do or that we should be aware of or supportive of?
Yeah, well, first of all, you know, there are some sticks like closing the carried interest loophole.
That's too won't know what the hell you're talking about.
I won't get into it.
You talk a little bit about IndyVC, which I thought was really compelling.
Yeah, and then there are carrots.
So there are ways that the government can, you know, sort of catalyze money to flow to these other types of funds like IndyVC, which is basically doing, to extend the sports metaphor, they're playing money ball.
They're trying to make money off of all, the vast majority of startups that are actually doubles and triples.
There should be an opportunity there.
And it's unclear why Silicon Valley isn't necessarily.
pursuing that.
So, you know, there are ways that the government can sort of shape financial markets so that
money will flow to funds like that.
And I, you know, outlined some of that in the book as well.
It's a refreshing voice in the tech world right now to read this book because it just feels
like we're all victims of what is about to happen to us.
And you explain kind of how we got here.
Talk a little bit about your CEO and founder of tech equity.
I don't hear tech and equity together too often.
Talk a little about that and what that means.
Yeah, so we mean like the DEI type of equity
and not the equity like I own a share of the company equity.
In Silicon Valley, that's something you have to,
that's a distinction you have to make.
So, you know, we're trying to bend that arc of the tech industry
towards better, you know, making sure that the industry
is creating an opportunity for everybody
and not just sucking all the wealth up to the top.
You know, we're not making as much progress as I would like,
but, you know, we see you.
California as a place where it's really possible now that the federal government is no longer
a place where you can really make policy for people anymore. Trying to regulate AI in the
backyard of where the companies are building it and put some guardrails around this technology
and, you know, the investment that's going into it. So we've had some wins. We passed a bill that
that makes it illegal for tech companies to use algorithms to set prices artificially high.
that's good this year yeah yeah yeah more work to be done a lot more work to be done
thank you for writing the book thank you for being here world eaters is available now
katherine bracy everybody
we'll be right back after this
our show for tonight. Now, here it is your moment of Zen. You came through this door. Did you notice
the white marble floor that was put there? That was made out of Home Depot tiles, about one foot
by one foot. They were all broken, about 30 years old. And I replaced it with book matched
marble, paid for by your friend, President Trump.
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