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ANGEL: FirstMark’s Rick Heitzmann on shaking off the bull run, “shock absorbers,” and more | E1670
This Week in Startups
The Prize for the People Who Survive
The prize for the people who survive is not insignificant. Sometimes you just have to accept reality and make a plan. When everyone's getting rich, it's easy to be cantankerous. I think Zapartino at Rowan Roman health saw the writing on the wall in October, November. We were able to raise capital in December of 2021 to buy insurance before insurance got very expensive. And then by January or February of 2022, we had already ripped up the approved budget and said, Hey, the budget we did in October,. November, December of 2021 is irrelevant. Now, the cost of capital has changed so much. You couldn't run as many projects because they were doing this time
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