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The venture upper-case letter stars were shining in Los Angeles this hebdomad at the Upfront Summit , an invite - only VC league founded by Mark Suster andknown for going all - out .
For example , there wereCoco robots suffice drinksandlots of pinko . AI was the lecture of the townagain and even some celebrities graced the microscope stage , including Lady Gaga , Cameron Diaz , Katy Perry and Novak Djokovic .
What may have been a little different this year , though , is that it ’s been a sturdy one for speculation capital and inauguration seeking speculation capital . Some media outletseven called it out .
Keith Rabois , bring off director at Khosla Ventures , briefly addressed rumour about what led himto result Founders Fundearlier this yr . He spent much of this time onstage defending his move away from San Francisco .
Rabois did n’t come out and call people there “ lazy , ” though he did notice that he knows founders who look elsewhere for natural endowment . That ’s because very few people in San Francisco desire to work 12 minute a day , six days a week as is the culture in other cities , like New York , Rabois explained .
Hetweetedlater on , calling theThe Wall Street Journal storyabout tech leader who left the Bay Area and are moving back now “ fake . ”
already commented on that fake taradiddle .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
— Keith Rabois ( @rabois)February 29 , 2024
8VC cosmopolitan partner Joe Lonsdale discuss “ Woke mind virus , ” which include everything from “ rive business ” away from companies like Raytheon to the way Google sets up its search creates a “ crazy ideological bent-grass that ’s not tidy for our country . ”
Some other highlights
M13 better half Anna BarbercapturedMelinda French Gates onstage saying , “ I see venture upper-case letter as the railway locomotive for social progress in the United States . ” While Upfront VenturestweetedFrench Gates saying , “ Look at a barrier in society and see if there is a way to take it down or look for an accelerant in society and get hold a elbow room to make it faster . ”
“ I see speculation capital as the engine for social progress in the United States ” – @melindagates@upfrontvc#upfrontsummitpic.twitter.com / bYskWVSGzX
— Anna Barber ( @annawbarber)March 1 , 2024
Journalist Andrew NuscacaughtAndreessen Horowitz ’s Chris Dixon saying , “ Today essentially five companies control the internet … we basically made a Faustian bargain in the 2000s ” when we establish them dominance in rally for a richer experience .
Karan Talati , chief executive officer of First Resonance , tweetedthat this was his first time at the summit , and “ There is no uncertainty that this year ’s emphasis on hardtech excogitate the exciting wave of opportunities in fabrication , aerospace , and energy . ”
