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Raj Date

Raj Date

Former Special Advisor for the Consumer Financial Protection Bureau of the United States

Jun 11, 2026

23:16
You already both touched on it, but in terms of areas where maybe there's a lot of hype around AI possibilities in this space that you're skeptical of, anything you would add to what you said before where maybe people should be extra, you know, take an extra beat?
23:35
Well, let me suggest that rather than addressing like a particular thing that seems like, because my day job is basically to deal with things that mostly sound like hype, but let me talk about sort of what we haven't really been able to anticipate yet, which is the second order effects of things.
23:52
So for example, I don't know about you, but my inbox, which used to be a pretty useful thing, has become almost completely unusable because the ability to generate things that are just plausible enough to get past a spam filter and actually cause me to look at for 10 seconds is just way too big of a number.
24:13
And indeed, in our early days, when you were in the basement of our Georgetown townhouse, I prided myself on the fact that we would take any phone call.
24:24
You both know Mitch Hochberg, who was at that time one of my founding partners at Fenway Summer, and he was religious about it.
24:30
Like when the phone rings, answer the phone, because we are responsive, it doesn't matter.
24:35
And I used to take pride in the fact that you shouldn't have to already know a venture capitalist to get venture capital money.

16 MINS LATER

41:01
But what's the alternative?

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