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E101: Ye acquires Parler, Snap drops 30%, macro outlook, VC metrics, valuing stocks & more
All-In with Chamath, Jason, Sacks & Friedberg
The Industrialization of Venture, the Soft Banks
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The idea of the industrialization of venture is a myth, he says. The founder chooses you and so if you try to build an index fund that misses the best deals, "now you're really in trouble" Brad: If you look at the hundreds of startups in VC land over the course of the last several years, 99% of them are probably garbage and will fail and won't work. So the all-stars will be all-stars and the rest won't.
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