Chapter

The Benefits and Drawbacks of Investing or Founding a Company During a Market Downturn
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00:37 - 07:15 (06:37)

Early stage investors and founders may find it easier to access talent and take risks during a market downturn, but there may be a longer wait for success on the other side.

Clips
The longevity of some funds against the cyclical market raises questions of their possible risk in times of crisis.
00:37 - 03:21 (02:44)
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Funds
The early stages of a startup can be challenging, but also provide opportunities for accessing talent and building pragmatism, despite the long-term risks.
03:21 - 05:27 (02:05)
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Early-Stage
Summary

The early stages of a startup can be challenging, but also provide opportunities for accessing talent and building pragmatism, despite the long-term risks. Many great companies were founded during tough times, but many founders also gave up at that stage.

Chapter
The Benefits and Drawbacks of Investing or Founding a Company During a Market Downturn
Episode
E81: All-In Summit: Bill Gurley & Brad Gerstner on markets, downturns & investment cycles
Podcast
All-In with Chamath, Jason, Sacks & Friedberg
The collapse in multiples for businesses is caused by changes in expectations of inflation and interest rates.
05:27 - 07:15 (01:48)
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Investing
Summary

The collapse in multiples for businesses is caused by changes in expectations of inflation and interest rates. The reported core CPI is reflective of the previous month and is not a forward-looking indicator.

Chapter
The Benefits and Drawbacks of Investing or Founding a Company During a Market Downturn
Episode
E81: All-In Summit: Bill Gurley & Brad Gerstner on markets, downturns & investment cycles
Podcast
All-In with Chamath, Jason, Sacks & Friedberg