Chapter
The State of Venture Capital in 2022 and Beyond
27:04 - 37:25 (10:21)
The venture capital industry can expect a lot of down rounds and restructuring in 2023 and 2024. AI will continue to receive new investment while small funds with no DPI will be hit particularly hard, according to venture capitalists.
Clips
The venture capital industry is likely to see a shift towards larger funds and more established players, as smaller funds with no previous exits struggle to raise capital in the current market.
27:04 - 29:27 (02:22)
Summary
The venture capital industry is likely to see a shift towards larger funds and more established players, as smaller funds with no previous exits struggle to raise capital in the current market. First-time and second-time funds are likely to face challenges, with investors preferring to invest in established firms that are selective with their deals.
ChapterThe State of Venture Capital in 2022 and Beyond
EpisodeE118: AI FOMO frenzy, macro update, Fox vs Dominion, US vs China & more with Brad Gerstner
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Sequoia refused to participate in a pay to play around for Company Citizen which led to a 10 to one share decrease for those who did not invest, a move typically not done by VC firms when they leave a company's board.
29:27 - 30:09 (00:42)
Summary
Sequoia refused to participate in a pay to play around for Company Citizen which led to a 10 to one share decrease for those who did not invest, a move typically not done by VC firms when they leave a company's board.
ChapterThe State of Venture Capital in 2022 and Beyond
EpisodeE118: AI FOMO frenzy, macro update, Fox vs Dominion, US vs China & more with Brad Gerstner
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
In the second half of 2023 and all of 2024, there will be significant downward rounds and restructurings for many overfunded tech companies.
30:09 - 33:38 (03:28)
Summary
In the second half of 2023 and all of 2024, there will be significant downward rounds and restructurings for many overfunded tech companies. While AI will continue to receive new investment, there will be a day of reckoning for many high-valued companies.
ChapterThe State of Venture Capital in 2022 and Beyond
EpisodeE118: AI FOMO frenzy, macro update, Fox vs Dominion, US vs China & more with Brad Gerstner
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The well-being of employees must be prioritized, especially those who have been working for years but are now underwater by resetting the valuation, refreshing the equity pool, and issuing options, regardless of the opinions of the board.
33:38 - 37:25 (03:47)
Summary
The well-being of employees must be prioritized, especially those who have been working for years but are now underwater by resetting the valuation, refreshing the equity pool, and issuing options, regardless of the opinions of the board.