E81: All-In Summit: Bill Gurley & Brad Gerstner on markets, downturns & investment cycles
All-In with Chamath, Jason, Sacks & Friedberg
Intro
This chapter explores the cyclical nature of the venture industry, emphasizing the risks associated with economic downturns. It features a discussion with a prominent bond investor critiquing the venture capital structure and illustrates the jagged patterns of risk and reward inherent in this landscape.
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