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The Emergence of Venture Capitalists
The way people price, given what's happening on the underlying Cog's layer, is going to have to evolve quickly. This isn't really weird time in venture and startup investing; we just came off this 15 year boom with lots of mini booms building it all up to a huge deflation that happened violently and rapidly. And now here we are with another. It's very disorienting. Or at least I find it very dis orienting. There's a level of schizophrenia for lack of a better word where you're pivoting between situations where companies may have been struggling to sell because sales cycles have gotten much worse or financing issues. The SUV crisis didn't do anything for the good