What happens when we stop pretending that systems will fix themselves, and ask what it really takes to change them? In this episode, Stupski Foundation CEO Glen Galaich and returning co-host Jamie Allison, Executive Director of the Walter and Elise Haas Fund, first discuss the Endeavor Fund and what it means to back organizations with long-term, trust-based support. Then they sit down with guest Catherine Bracy, founder and CEO of TechEquity and author of World Eaters: How Venture Capital Is Cannibalizing the Economy, to examine how venture capital shapes our everyday lives.

Catherine traces how venture capital shifted from funding innovation to driving financialization, and why wealth inequality functions as a strategy as much as an outcome. She breaks down the power law logic that underwrites the entire system, what it extracts from workers and communities, and why it matters when foundations are more invested in venture than the organizations doing the work on the ground. The conversation lands on a challenge that’s hard to ignore: if philanthropy wants different outcomes, it has to question the assumptions behind where its money is parked, and prioritize community benefit over donor comfort.

💡Catherine Bracy: The dirty little secret of venture capital is that it’s organized like a power law itself. The vast majority of these funds do not outperform the S&P 500, so what are you actually getting for that money?

Learn more about TechEquity and their work to build a more equitable tech economy.

Preorder your copy of Glen’s book, CONTROL: Why Big Giving Falls Short.

Learn about the Stupski Foundation.

Co-Hosts: Jamie Allison & Glen Galaich

Guest: Catherine Bracy | World Eaters: How Venture Capital is Cannibalizing the Economy

Executive Producer: Claire Callahan

Production Team: Podfly

Graphic Design: Middle MGMT