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#2: Reddit and the death of the public internet; the end of the VC "epoch"

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The Cycle of VC Firms

I think the industry is going to get eviscerated with very few survivors in the next, you know, five to 10 years. I just also think that so many of these companies and VC firms are over-inflated with people as headcount. And there's something really special and magical about building like 50 and even sub firms. That might be a really cool thing for the future of business.

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