The General Pullback and Tech Valuations

I had lunch with a venture capitalist yesterday and he was talking about the general pullback and tech valuations. I said that maybe half of venture backed companies might struggle to get fresh powder in. And so you are also seeing announcements of layoffs in the name brand companies like the Metas and Googles and Apple company. Though it makes sense given that in some cases their stock prices have come down 50 or 60%. So you were based in Silicon Valley, right? Yeah, the Bay Area.