Fabio Reyes

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?

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