Chapter
Cautioning Against Investing in Billion-Dollar Startups Without a Product
35:26 - 40:07 (04:40)
The speaker suggests that investors should be cautious when investing in startups with valuations of a billion dollars or more before seeing their products, as many companies that have obtained unicorn valuations in the past have ended up being valued lower.
Clips
The market is investing in productive assets and making decisions that are 10, 15, 20 years into the future, similar to a VC strategy.
35:26 - 37:35 (02:09)
Summary
The market is investing in productive assets and making decisions that are 10, 15, 20 years into the future, similar to a VC strategy. Those who are able to underwrite public market stocks well have a specific and well-trained skill set, which includes companies like Tiro Fidelity that have invested in companies like Uber.
ChapterCautioning Against Investing in Billion-Dollar Startups Without a Product
EpisodeE55: Valuing crypto projects, Rivian worth $100B+, inflation: causes and corrections and more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker expresses skepticism about the billion-dollar valuation of Rivian, a startup that has not yet released a product, and suggests that early venture investors should wait to see the product before investing.
37:35 - 40:07 (02:31)
Summary
The speaker expresses skepticism about the billion-dollar valuation of Rivian, a startup that has not yet released a product, and suggests that early venture investors should wait to see the product before investing.