354. The VC Networking Playbook, Credit and Pricing Risk in New Asset Classes, and How VC Market Hype Should Impact Stage Focus and Net Buy/Sell Positions (Ali Hamed)
The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified
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The Market's Not Down for Stupid Reasons
I think the thing that shocks people largely during downturns is how long it takes to actually see that show up. It's better to be a little too late than a little too early during a downturn. The shape of recession really matters, and what we're going through now is a much more modest shape. And so short duration assets are better in credit compared to long duration assets. Plus we have no frickin clue where interest rates are going to go in long term in venture capital. So the answer is everybody wants to create this narrative of the moment that your reek has been waiting for.
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