Mistral AI’s mega fundraise is a red flag for many concerned about inclusivity

Often, when people ask me how the venture and startup market is doing, I have to take a moment. The easy answer is that we’re seeing a downturn. The correct answer is more nuanced: There is indeed a downturn, but it is impacting some much more than others.
One example of this as clear as day is Mistral AI’s recent $113 million seed fundraise. The company, founded by three French white men, was started just four weeks ago and doesn’t even have a product yet. That round, which values the company at $260 million, is being hailed as Europe’s largest seed round to date.
Mistral AI’s fundraise is, i

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