#2: Reddit and the death of the public internet; the end of the VC "epoch"
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The Return to Normalcy of Private Tech
The capital pipeline is obviously broken and private tech. It's broken because, you know, the people got really excited over the last decade. The public market would eventually buy three to 12 billion dollar IPOs of things. And so every stage can kind of back into what they can pay. So I actually think it's mostly a return to normalcy, right?
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