Venture capital is all about the sloping average, finding that one company, right? Investing in a bunch of companies so that you hit that one that has the massive scale and the structural, transformative potential. There is no just like thing that is going to one thing that's going to completely replace cars. It'll be interesting to see if venture capital continues to fund companies that are more realistic about what their market is.
Ed, Kirsten and Alex recently attended the South By Southwest festival, and though the event itself is recovering nicely from the pandemic, the tech sector presence is remarkably dialed back. This is especially noticeable in mobility tech, where the almost nonexistent presence of big future-focused vehicle and technology plays reflects broader challenges in the sector. The gang breaks down some of these issues and the possible roads ahead in another classic discussion episode.