I love this! Thanks you. I’ve learned so much so far. This is such a wonderful thing to share with everyone. Also, Chamath… you KILLED it on JRE! Congratulations!
I don’t see any problem with stoping these fake finance games. You’ll simply have to keep creating a great product and take market share from competition instead of building for M&A. Those times when you fake grow just because there’s more 0% $ on the next round are gone. Time to build profitable businesses.
Yah I'm not sure why companies would want to IPO? That just opens them up to activist investors coming in and forcing them to do things that either are not good for the business or will only give them short term gains so those investors can make a quick buck. I'd personally rather keep control of the company with a few investors that are aligned with my vision. You arent chasing growth on a quarterly basis. You can make decisions that benefit the company long term.
@@pin65371 because not everyone is as privileged as you to have a long investment horizon. Not everyone has enough capital outside their buisness to be able to do the things they want with their family, etc. Also, not everyone feels that they have the skills and ability to grow their company to the next level by themselves. Company founders should not be slaves forced to work until the FTC deigns it fit.
Maybe if VCs stopped looking for 1000X opportunities and started to focus on new startups that have more to do with businesses that help and support the struggling middle class, we'd see an explosion of Real Innovation ... not Tech Broz drinking $10k bottles of wine.
Stocks go higher so these companies have more money than ever while Unicorns valuations have taken a hit because of lack of MnA sounds more like a feature than mismanagement
Good point. Like you say you’re anti big tech(monopoly) but your policies are hurting the small/mid players(competitive environment) more than monopolistic powers. Sounds like typical bait and switch tactics of powers that be
The lack of liquidity in startups isn’t just due to M&A laws, it’s also driven by poor investments and lack of proper due diligence by VC. Too much money went into weak startups, creating a bottleneck as they fail to scale or attract further capital.
Dude is coming out with facts , the party is about to end for a lot of people . After that , the new round of milking the next gen founders begin . The Vc game
so happy to hear that the solution is going public. I've invested in the US total market since 1999 and the amount of investible companies was cut by more than half. don't mind if they go out of business since that's capitalism, but going private or staying in start-up mode is no bueno
Thomas says the word "right?" 50 times in this episode. 7 times in his speech of 3,300 words. and 43 times in the 1,700 words he spoke in the interview section. 2.5% of his words in the interview section is him saying "right?".
Loved this. This is how I fell in love with this pod. Explains the investment and tech environment so well
I love this! Thanks you. I’ve learned so much so far. This is such a wonderful thing to share with everyone. Also, Chamath… you KILLED it on JRE! Congratulations!
Back to the old days 🎉
30:26 you want to win support, perform for this society.
30:28 Chamath was so pissed that drunk Jason exposed the wine incident. This is how he retaliated 😂😂😂
I don’t see any problem with stoping these fake finance games. You’ll simply have to keep creating a great product and take market share from competition instead of building for M&A.
Those times when you fake grow just because there’s more 0% $ on the next round are gone. Time to build profitable businesses.
Yah I'm not sure why companies would want to IPO? That just opens them up to activist investors coming in and forcing them to do things that either are not good for the business or will only give them short term gains so those investors can make a quick buck. I'd personally rather keep control of the company with a few investors that are aligned with my vision. You arent chasing growth on a quarterly basis. You can make decisions that benefit the company long term.
@@pin65371 because not everyone is as privileged as you to have a long investment horizon. Not everyone has enough capital outside their buisness to be able to do the things they want with their family, etc.
Also, not everyone feels that they have the skills and ability to grow their company to the next level by themselves.
Company founders should not be slaves forced to work until the FTC deigns it fit.
Maybe if VCs stopped looking for 1000X opportunities and started to focus on new startups that have more to do with businesses that help and support the struggling middle class, we'd see an explosion of Real Innovation ... not Tech Broz drinking $10k bottles of wine.
Great session! Love the band reference too… such a great alignment… for me this is the Bill Gurely 2851 miles talk of this yrs summit.. 👏👏👍👍
Stocks go higher so these companies have more money than ever while Unicorns valuations have taken a hit because of lack of MnA sounds more like a feature than mismanagement
Good point. Like you say you’re anti big tech(monopoly) but your policies are hurting the small/mid players(competitive environment) more than monopolistic powers. Sounds like typical bait and switch tactics of powers that be
50 mil to 50 bil
Great info
34:00 mark, guy just explained why people will begin to hate podcasts
If all the same interest groups take over the space, and they already are, people will hate it
This pod should be called ITS A CABAL OF BULLSHIT
Where is the presentation being posted?
What happened to his accent
Omg it doesn’t stop!
4:00 The growth from 2019 to 2021 looks crazy and totally unsustainable.
Bravo! Really fascinating talk on the past, present and future3
The lack of liquidity in startups isn’t just due to M&A laws, it’s also driven by poor investments and lack of proper due diligence by VC. Too much money went into weak startups, creating a bottleneck as they fail to scale or attract further capital.
Fantastic opening to the keynote
Dude is coming out with facts , the party is about to end for a lot of people . After that , the new round of milking the next gen founders begin . The Vc game
Eye opening discussion, lets me know how little I know.
I wish he had compared commodities, especially gold,to tech and s&p 500.
so happy to hear that the solution is going public. I've invested in the US total market since 1999 and the amount of investible companies was cut by more than half. don't mind if they go out of business since that's capitalism, but going private or staying in start-up mode is no bueno
So are you babying these companies and founders? Are you taking away current pains at the cost of future gains?
The band + early album analogy was a great way to open this presentation.
Does anyone have the slides?
🏆🏆🏆🏆🏆
first!
SUPER FIRST !!!
First
Nice
Thomas says the word "right?" 50 times in this episode. 7 times in his speech of 3,300 words. and 43 times in the 1,700 words he spoke in the interview section. 2.5% of his words in the interview section is him saying "right?".
💪💪💪 this is what I expect from the US
Oh look at us and our expensive wine and marble and our challenges in the magic money markets. Still waiting for the trickle down fellas.