Are You Going to Get Back Into Early Stage Investing?

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The market will be higher for growth stalks this time next year, but we may very well get there by way of lower. The counter factual to the hyper inflation argument is not you can't deliverthe counteractual for at least four to five months. But my suspicion is we return to trend, things become more predictable and investible again,. And we bounce back up to the five year average back.

This conversation was recorded LIVE at the All-In Summit in Miami and included slides. To watch on YouTube, check out our All-In Summit playlist: https://bit.ly/aisytplaylist

0:00 Bill Gurley & Brad Gerstner break down the state and historical significance of 2022's market downturn

12:27 How VCs will handle capital commitments from LPs, underwriting startups in the new reality

24:14 Bull run mistakes, why VCs don't underwrite lower valuations, handling distributions

33:52 Gurley's take on WeCrashed & Super Pumped TV series, how sophisticated investors got "gaslit" by the market, influx of capital creating consumer-surplus businesses

47:54 Brad predicts the market for next year, Bill gives post-Benchmark plans

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