3min chapter

The Circuit with Emily Chang cover image

Benchmark’s Bill Gurley on VC Hustle Culture

The Circuit with Emily Chang

CHAPTER

The Slow Bubble Burst

If the Fed hadn't stepped up and Silicon Valley Bank failed in like a whole bunch of startups lost their venture dollars, that would have been an event that I think would have been way worse than 01.02.03. So could we be in for a slow spiral or a slow bubble burst? I think you could be in on a slow bursting, right? Like, where things like company bankruptcy or shutdowns or sales for nothing happened slowly over the next three years rather than all at once. And you still may see people just decide that Silicon Valley is a place that's too risky. It gets back to this like crazy manic cyclicality that we go through.

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