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The Decades of Venture Capital
I spent a lot of time thinking about the downturns, what we can learn. I'd say every downturn, there's similarities and differences with the one you're facing now. Saw a lot of business models that up until then was masked with capital. Even in good times, the journey is never completely linear up into the right. It's tortuous. We're not private stock pickers. It's really company building. So how do you add value to the company? And second, this is more important. You don't really know until the negative times.