Is Your Thing Worth Five Point Six Times?

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There is a terminal end point to ation, right? At the end of the day, there is a buyer of last resort, and that is the public market investor. I saw something this morning from morgan stanley that said, if, however, you're a massive grower, 50 % plus grower, there's 30 companies in the sass index that grow,. But only 30 in the entire world that grow above 50%. So the game is over. And the idea that there's a quarter trillion, i think that that's a fallacy.

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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