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E1: US Response to COVID-19 & Impact on Startups, Venture Capital & Public Markets with David Friedberg
All-In with Chamath, Jason, Sacks & Friedberg
Should We Weip Out the Equity?
I think the large caucus of people across both isles are very clear that these things need to be wipe outs of the equity versus bale outs, where folks who took advantage of the financial system here continue to get rewarded. We're going to have there be reprecautions for people running company so close and recklessly to the cliff. And a ball out is a reward for operating irresponsibly. I would guess it's less than ten per cent of every dollar do active market participants actually see in value creation or destruction. This is the right time where you should nationalize some of these businesses. All those proceeds shoull go back to the united states treasury, who should then use
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