Investing in companies and founders with great potential, despite macroeconomic challenges like inflation and uncertain rates, can lead to long-term gains in the public market. Strong innovation will continue to persist, regardless of economic conditions.
The speaker recounts his experiences as a high-stakes poker player, from staying at luxury hotels to working with a coach to perfect his game, and the thrill of potentially winning millions of dollars in a single hand.
Venture capitalists discuss the difficulties of larger funds, as they require multiple or larger winners to repay and how it causes chaos in down rounds or liquidation preferences for smaller companies.
The journey of becoming a Navy SEAL involves enduring immense pain and discomfort, while investing requires a willingness to weather the ups and downs of the market. Both paths require perseverance and the ability to push through adversity.
In this episode, the hosts engage in playful banter, discussing a range of topics including net worth, longevity, quantum computing, the queen of Kinwa, and more.