In two thousand and nine, you would fund deals at a seven, eight pre. Now the same deal's probably 25 pre 30 pre. The good news is that back an billion dollar outcomes were rare. But now, ten billion dollars is not crazy. So companies are able to pay forty, 50, 60, pre build a folio as long as some of their companies become worth five billion dollars an up.
Jason breaks down the 2 metrics he uses to to assess Robinhood's Q2 earnings (1:43) and Amazon entering Department Store retail (16:39). Then, Mark Suster from Upfront Ventures joins (24:07) to discuss venture metrics, community as a moat, why high valuations don't necessarily mean a bubble & more.