This is my third cycle. The seed market is as busy as ever, but if you're looking at Series A and later, again, there's either inside rounds or there's down rounds of recaps. So we certainly are not in another bubble or another up cycle yet. I think we're in a bear cycle for an extended period of time now. Certainly, the employees in SVV doesn't help things. No. It's very different.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode