Conservative Capitalists Are Funding Their Vision of the Future

This article discusses the rise of conservative billionaires investing in startups, particularly in the "femtech" space, and how this could have a negative impact on marginalized communities. The author highlights several examples of conservative investments in startups that promote traditional or regressive values, such as 28, a startup founded by Brittany Hugoboom that offers women’s health and wellness services with a focus on Christian values.

The article also notes that the tech industry is dominated by men, and women and minorities are underrepresented in leadership positions. The author argues that this lack of diversity can lead to biased investments and decisions that harm marginalized communities.

To counterbalance these conservative investments, the author suggests that more liberal billionaires should become active investors in startups that promote progressive values. Kate Anthony, the founder of Euphoria, a gender-affirming startup, is quoted as saying "If the conservatives play that game, perhaps we should consider fighting fire with fire."

The article also highlights the need for greater diversity and inclusion in the venture capital industry, including more minority LPs (limited partners) and fund managers. The author notes that it takes time to create these opportunities, but that it is essential for the tech community to continue elevating members of threatened communities.

Overall, the article suggests that conservative billionaires are using their wealth to promote regressive values in the startup ecosystem, and that more liberal investors should be active in promoting progressive startups.