The rise in interest rates and particularly bank funding rates has hurt venture capital or at least gotten it just to say maybe Fuber isn't as great of an idea if you have neither the technology nor the fire trucks. I think that probably we will go through a period of time in which there's a there's a bit of purity, but the next big idea is coming. It may be AI now, but I don't see a place that is that is financially competitive as the venture capital industry.
As loans get more expensive, what are the ripple effects for start-up companies in the tech industry?
(00:21) Bill Mann discusses: - Uber's 1st-quarter results and CEO Dara Khosrowshahi's declaration of profitability in 2023 - Pfizer's results beating expectations despite demand for its Covid vaccine is falling - Why he's more interested in the Federal Reserve on Wednesday than the jobs report on Friday
(10:49) Alison Southwick and Robert Brokamp continue their conversation with Bill Mann about how the "new normal" is affecting the tech industry in Silicon Valley.
Investments discussed: UBER, PFE, MRK, AAPL
Host: Chris Hill Guests: Bill Mann, Alison Southwick, Robert Brokamp Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl
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