The biggest thing is just interest rate expectations. It impacts where people want to put their money in. People say, why would i be in zom? Super risky. Its a tax stock. All the values can come in the future when i could instead invest in and from the federal government. Ad g c f discounted cashlo model is essentially how you think about that. Ah, that nicola da 85 %. When rats are higher, you can essentially earn more money taking less risk,. That's kind of the easiest way to describe it in one or two sentences.
Banana Capital's Turner Novak joins to discuss breaking into venture, starting his own fund (11:08), what it's like being an emerging manager, rising valuations, and crypto (45:10). Turner also makes the case for quick commerce, group grocery buying in Latin America (1:04:03) and more!