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Keith Rabois on 2023 macro outlook, startup valuations, founder advice, ChatGPT vs Google | E1650

This Week in Startups

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Founders, Accept Reality Distortion

If you can't accept that the reality has changed, given what we've witnessed, it's now a year of downmarket. Accepting reality is a key part of being an entrepreneur. You have to be able to dial both up and down in appropriate proportions. And I just told the founders, like, if you had just gotten ahead of this by one increment, the deal would have closed already.

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