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The Startup Death Spirale
I think it's crazy people who invest less right now. I'm trying to invest at a similar pace. Obviously, Mercury keeps doing busy. So I can't always do the same amount of investing. But I've still been pretty active. I did probably 10 deals last quarter. Yeah, I think things obviously have come back down to Earth. It's not like the world changed. And if all the things I were working in 2021 will also work in 2023. Now you just can be more selective. That sort of frenzy is what led to a lot of these overvalued companies and things getting a bit out of control.