Venture capitalists are trying to find good in the private markets declining. They have to be optimistic, because investing early requires "a level of concentral hallucination and optimism that is really admirable" The vcs that will go away are those whose first fund was raised in 20 20 or 20 21 - they've had to compete at these irrational, unsustainable valuations.
Kara and Scott discuss Elon Musk and Twitter gearing up for a court battle, the initial revelations from The Uber Files, and Klarna’s slashed valuation. They also debate the ethics of a liberal group offering bounties for Supreme Court Justice sightings. Then, they’re joined by Friend of Pivot Mark Leibovich to discuss his new book, “THANK YOU FOR YOUR SERVITUDE: Donald Trump’s Washington and the Price of Submission.”
You can find Mark on Twitter at @MarkLeibovich and you can buy his book here.
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